Financial Analyst

About Abbott

Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Our 114,000 colleagues serve people in more than 160 countries.

Abbott in Ireland

Abbott has been operating in Ireland since 1946 and serves the Irish market with a diverse range of healthcare products including diagnostics, diabetes care, medical devices and nutritional products. In Ireland, Abbott currently employs about 6,000 people across ten sites located in Dublin, Donegal, Clonmel, Cootehill, Galway, Kilkenny, Longford and Sligo.

Abbott Ireland Diabetes Care Division Donegal

The Abbott Diabetes Care division based in Donegal Town manufactures FreeStyle blood glucose test strips and FreeStyle Sensors for use in diabetes management. Among Abbott Diabetes Care leading brands are the FreeStyle Precision, FreeStyle Lite and FreeStyle Libre system.

Primary Function

The Financial Analyst is a key member of the ADC Finance team involved in Product costing, Planning and Forecasting, Audit compliance, Policies & Procedures and support of Month End Close for the sites. Ability to execute highly complex or specialized projects.

The position requires strong financial analysis skills, ability to anticipate financial impacts, development and delivery of financial presentations to Site management and ability to work across site, CFS and Shared services. Technical skills related to cost accounting and project reporting are strongly desired.

Key Responsibilities:

• Work as a business partner to operations and other support functions, with strong integration into the business

• Prepare and coordinate Annual Plan and quarterly forecast submissions to the ADC Division head office.

• Support, Maintain and enforce site Financial Control Requirements (aligned w/ Ireland and Corporate Financial Policies)

• Prepare, analyse, and review manufacturing variances, such as PPV (Purchase Price Variance, MUV and Distressed Inventory

• Prepare, submit and present monthly reporting submissions to division, entity and site management.

• Involvement in Site Strategy Projects / Annual Improvement Priorities / Lean 6 Sigma projects

• Manage and track the site Gross Margin Improvement Programme.

• Provide Financial Stewardship to the site through e.g. site spend management, financial awareness sessions, etc

• Support Capital Planning, Requests for Capital Expenditure and Capital / Project Expense monitoring

• Ensure accuracy of the fixed asset register at all times, ensuring new assets are capitalised and old assets disposed of on a timely basis.

Skills Required:

• Financial expertise: Requires excellent analytical and problem-solving skills; ability to identify and concisely communicate the business implications of forecasts and actual results.  Strong knowledge of accounting, standard setting, finance principles with the ability to apply this knowledge to support business needs.  Ad hoc analysis and preparation of presentations for leadership are also important aspects of this role.

• Leadership: Take ownership processes and constantly review processes for improvements.

• Communication: This role interfaces with multiple areas within the site, Division, CFS and shared services, excellent communication skills are essential.

• Deliver Results: Candidate must manage multiple priorities and changing customer demands under tight timelines. Ability to effectively manage workload to ensure deadlines are not missed is critical. The ability to work effectively in teams, as well as independently, is essential.

Qualifications:

• Bachelor’s Degree in Finance, Business or Accounting and ACA, ACCA, ACMA or equivalent accountancy qualification.

• Requires a minimum of 2 years of progressive Finance/Accounting experience.

• Experience with cost accounting, standard setting, Financial Planning & Analysis

• Working knowledge of Dodeca, HFM and SAP (Symphony) is preferred.