Senior Specialist, IT Category Financial Analysis

Company Description

Abb Vie's mission is to discover and deliver innovative medicines and solutions that solve serious health issues today and address the medical challenges of tomorrow. We strive to have a remarkable impact on people's lives across several key therapeutic areas – immunology, oncology, neuroscience, and eye care – and products and services in our Allergan Aesthetics portfolio. For more information about Abb Vie, please visit us at  Follow @abbvie on X, Facebook, Instagram, You Tube, Linked In and Tik Tok.

Purpose The Senior Specialist, IT Category Financial Analyst supports the strategic management of IT spend categories (SaaS, Servers, Storage, Network, Cloud, Professional Services, Outsourced Services, Contract Labor, etc.) by developing and maintaining robust financial analyses, forecasts, and savings models. This role enables data-driven sourcing decisions, quantifies procurement savings, and delivers insightful reporting to senior stakeholders.

NOTE: This will be a hybrid role in North Chicago (3 days in office / 2 days remote).

• Develop and maintain financial models for IT procurement categories to support sourcing strategy, vendor negotiations, and cost optimization initiatives.
• Build forecasting models for IT spend and track savings compared to targets and benchmarks.
• Partner with IT category managers to analyze spend patterns, vendor performance, and identify cost reduction opportunities.
• Prepare and deliver regular reports on procurement financial performance, savings, and value delivery to senior IT leadership and key stakeholders.
• Conduct variance analyses against contract baselines/forecasts and generate actionable insights for management.
• Support the development and refinement of total cost of ownership (TCO) models for major IT procurement initiatives.
• Ensure reporting accurately reflects savings methodology (e.g., cost avoidance vs. P&L savings) and is aligned with procurement and finance policy.
• Provide financial support on business cases for new IT investments, contract renewals, and supplier proposals.
• Perform ad-hoc analysis to support management decisions or respond to stakeholder requests.
• Collaborate across Procurement, IT, and Finance teams to advance strategic sourcing goals.
• Support IT category managers by delivering relevant insights from 3rd party market intelligence platforms.

• Bachelor’s degree in Finance, Accounting, Business, Economics, or related field.
• 4+ years of progressive experience in consulting, finance, or procurement analytics, preferably in a global organization.
• Strong analytical, modeling, and problem-solving skills with experience in savings calculation methodologies.
• Experience working with diverse cross-functional teams and communicating with executive stakeholders.
• Advanced Excel, Power
  
  BI and/or Spotfire skills; experience with procurement systems (e.g., Coupa, SAP, Ariba) and spend analytics systems (e.g., Sievo) a plus.

• The compensation range described below is the range of possible base pay compensation that the Company believes in good faith it will pay for this role at the time of this posting based on the job grade for this position. Individual compensation paid within this range will depend on many factors including geographic location, and we may ultimately pay more or less than the posted range.
  
  This range may be modified in the future.
• We offer a comprehensive package of benefits including paid time off (vacation, holidays, sick), medical/dental/vision insurance and 401(k) to eligible employees.
• This job is eligible to participate in our short-term incentive programs.

Note:

No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, incentive, benefits, or any other form of compensation and benefits that are allocable to a particular employee remains in the Company's sole and absolute discretion unless and until paid and may be modified at the Company’s sole and absolute discretion, consistent with applicable law.

Abb Vie is an equal opportunity employer and is committed to operating with integrity, driving innovation, transforming lives and serving our community. Equal Opportunity Employer/Veterans/Disabled.

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