Sr. Group Financial Analyst - Lingo Biowearables

Company: Abbott Laboratories
Location: Redwood City
Posted on: May 23, 2023

Job Description:

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 115,000 colleagues serve people in more than 160 countries.About AbbottAbbott 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, nutritional, and branded generic medicines. Our 109,000 colleagues serve people in more than 160 countries.About LingoMeet Lingo, a new biosensing technology that provides users a window into their body. Lingo tracks key biomarkers - such as glucose, ketones, and lactate - to help people make better decisions about their health and nutrition. Biowearable technology will digitize, decentralize and democratize healthcare, enabling consumers to take control of their own health.A New Category of Consumer Biowearables: Meet Lingo - YouTubeAbbott and Chairman and Chief Executive Officer Robert B. Ford made CES history, presenting a keynote entitled "Human-Powered Health: Unlocking the Possibility of You" at the most influential tech event in the world. Abbott was the first healthcare company ever to do so. "Technology gives us the power to digitize, decentralize and democratize healthcare, create a shared language between you and your doctor - and put more control of your health in your hands," Mr. Ford said. "We're creating a future that will bring you and your loved ones care that's more personal and precise. It's happening right now. And its potential is no less than incredible."Lingo extends the Abbott sensing technology platform that Abbott pioneered in 2014 for people with diabetes, allowing people to continuously monitor their glucose levels with a small sensor on the back of the upper arm. Actress and comedian Sherri Shepherd shared live on the CES stage how FreeStyle Libre 2 changed her life, giving her glucose readings, right on her smartphone, unique to her body so she can make healthier decisions.
-The Opportunity Personalized healthcare is the future. Working on Lingo, you will help build a next-generation technology that enables individuals to make decisions about how to improve energy, lose weight or enhance athletic performance. The Lingo team embodies a start-up culture and mindset with the backing of Abbott, a company with a rich history of healthcare innovation. Join us and grow your career as you help Abbott shape the future of healthcare.This position works out of our Alameda, CA location for Lingo.The Opportunity We are looking for a high performing and high potential Senior Financial Analyst to be part of our Lingo Finance team. -This high visibility, high impact role, will be responsible for supporting the Lingo controller and EMEA Controller with the Financial analytics and consolidation of ADC/Lingo reports to Medical Devices. -This position will also provide financial analysis and support to operating managers on strategic planning, budgeting and operations planning, performance monitoring and provide commentary on variance/flux analysis that are reviewed by executive management. Assist in financial evaluation of future business opportunities. Perform ROI and payback analysis on new products and major capital expenditures. -Analyze the balance sheet and cash conversion cycle and explain the trend drivers. -This is an onsite opportunity in Alameda, CA.What You'll Do

• Supports Finance Management on key projects and analyses.
• Work in a matrix organization supporting Lingo and ADC Division HQ Finance team.
• Integral player in development of annual plans and periodic updates as needed.
• Interfaces with Senior Management and Department Managers and key stakeholders to gain understanding of key revenue and cost drivers.
• Responsible for Balance Sheet and Cash Flow analysis to ensure reserves are adequate and forecasts represent the operating plan.
• Analyze the cash conversion cycle with DSO, DOH and DPO trends and driving factors.
• Prepares key management reports emphasizing historical results, budgets, forecasts, and trends, which are presented to Senior Divisional leaders
• Performs actual to budget variance analysis while highlighting risks & opportunities to plan.
• Will be expected to create and present slides summarizing key business activities that support the financial submissions from the finance teams, which will be reviewed by senior leadership
• Performs cost benefit justifications on major investments in new product development, programs and or capital expenditures.
• Performs monthly management reporting including budgetary performance and/or daily/monthly sales reporting as applicable.
• Performs financial analysis on new business opportunities (ROI analysis).
• Analyzes functional P&L margin drivers.
• Completes ad hoc financial requests as neededAccountability/Scope/Budget from Legacy System
  • Operate with limited supervision on projects with significant cross functional and cross divisional teams.
  • Balance demands of a variety of customers with potentially conflicting goals.
  • Meet deadlines with minimal supervision and balance workload requirements.
  • Accountable for meeting critical project deliverables.Experience You'll BringRequired
    • Bachelor's Degree - preferably in finance, accounting or economics
    • 4 years financial analysis experience. -
    • Highly proficient in Excel, modeling, and tech savvy.
    • Ability to plan, implement, and administer financial information and control systems. -
    • Knowledge of the principles, processes and standards for integrated financial analysis and reporting. -
    • Strong understanding of Balance Sheet, Investments and Cash flow Statements.Preferred
      • Masters Degree - MBA or CPA preferred. - -
      • Proficient in accounting knowledge especially in regard to accruals accounting
      • Advanced skillset in Excel. Experience with SAP and Power BI a plus.What we offer At Abbott, you can have a good job that can grow into a great career. We offer:
        • Training and career development, with onboarding programs for new employees and tuition assistance
        • Financial security through competitive compensation, incentives and retirement plans
        • Health care and well-being programs including medical, dental, vision, wellness and occupational health programs
        • Paid time off
        • 401(k) retirement savings with a generous company match
        • The stability of a company with a record of strong financial performance and history of being actively involved in local communities -Learn more about our benefits that add real value to your life to help you live fully: - http://www.abbottbenefits.com/pages/candidate.aspxFollow your career aspirations to Abbott for diverse opportunities with a company that provides the growth and strength to build your future. Abbott is an Equal Opportunity Employer, committed to employee diversity.Connect with us at www.abbott.com, on Facebook at www.facebook.com/Abbott and on Twitter @AbbottNews and @AbbottGlobal. - - - The salary for this role is between $92,800 - $185,600

Keywords: Abbott Laboratories, Redwood City , Sr. Group Financial Analyst - Lingo Biowearables, Professions , Redwood City, California