Senior Financial Analyst - Abbott Diabetes Care (Mississauga)

About Abbott

At Abbott, you can do work that matters, grow, and learn, care for yourself and family, be your true self and live a full life. You will have access to:

• A company recognized as a great place to work in dozens of countries around the world and named one of the most admired companies in the world by Fortune.
• Career development with an international company where you can grow the career you dream of.
• A company that is recognized as one of the best big companies to work for as well as a best place to work for diversity, working mothers, female executives, and scientists.

The Opportunity

This position works out of our Mississauga office in Canada for the Abbott Diabetes Care division. We’re focused on helping people with diabetes manage their health with life-changing products that provide accurate data to drive better-informed decisions. We’re revolutionizing the way people monitor their glucose levels with our new sensing technology.

As the Senior Financial Analyst, you’ll have the chance to play a key role in preparing the Financial Statements, supporting the Finance team with monthly reporting and analysis and contributing to the affiliate’s financial planning and forecasting cycles.

What You’ll Do

• Perform month-end closing and Balance Sheet Account reconciliation
• Prepare and submit accurate and timely management financial reports.
• Overall coordination of the Latest Best Estimate (LBE) forecasting cycles and periodic closing
• Support different projects and implementations
• Provide financial support to commercial teams

Month End Closing

• Prepare journal entries and assist in month end close as needed to ensure proper accounting at the functional and departmental level.
• Ensures appropriate integrity and reasonableness of financial data as well as compliance with Abbott financial policies and procedures and understanding of GAAP.
• Prepare month-end financial statements and various reports such as trial balance, balance sheet and income statements.
• Manage quarterly and annual closing, post/review accruals to ensure the accuracy of Financial Statements.
• Review monthly forecasts and ensure consistency with actuals. Provide variance analysis commentaries.

Account Reconciliation

• Perform Balance Sheet Review with management.
• Assist with the monthly reporting and quarterly planning Cash Flow & balance sheet initiatives, including detailed analysis of assigned Accounts and other key balance sheet and cash flow drivers.
• Complete Balance Sheet account reconciliation monthly and ensure ending balances are justified and well supported.

Planning and Forecasting

• Communicate with stakeholders on a regular basis to update forecasts based on the latest changes.
• Prepare and input P&L and Balance Sheet forecast data into the financial planning system.
• Analyze detailed financial forecasts incorporating history, trends, and current business/market information.
• Conduct detailed reviews of actuals vs. benchmark and provide variance analysis commentaries and recommendations to and external stakeholders.
• Support and organize the Latest Best Estimate (LBE), coordinate process with the local team, consolidate P&L, ensure timely and accurate submissions to Area, Global and Division teams.

Reporting and Analysis

• Working with other finance teams, assist in preparing monthly management reporting packages that include analysis and key business changes to all departments.
• Provide accurate and timely financial reporting to local and Area management teams that supports decision-making process.
• Prepare monthly P&L and Balance Sheet flash reports.
• Coordinate improvement initiatives with the team which main purpose is to identify efficiencies and effectiveness in processes.

Project implementation

• Identify and implement opportunities for continued improvement and simplification of financial and business processes.
• Participate and/or lead implementation of financial projects.

Adhoc reporting/projects

• Support with adhoc reporting as needed.

Required Qualifications

• A bachelor’s degree in finance, Accounting, Business Administration or related field. An Advanced credential, such as an MBA, CPA, CMA, is preferred.
• Strong experience with SAP ERP system software and Hyperion Planning/Essbase systems
• Able to prioritize and operate with a sense of urgency when needed, able to prioritize the needs of various internal and external stakeholders.
• Able to gain extensive knowledge of market landscape, business processes, policies and procedures.
• Able to operate independently within own scope of responsibility under general supervision.
• Able to collaborate with cross-functional partners, build strong relationships and influence others.
• Advanced Microsoft office skills (Excel Macros, VBAs, Power BI, etc.) is preferred.
• A comprehensive knowledge of balance sheet transactions and their impacts on the income statement is required.
• A minimum of 5 years performing similar tasks and responsibilities is a must.
• Confident in presenting to all stakeholders and able to defend their perspective while delivering difficult/unfavorable information in a productive manner.
• An in-depth knowledge and experience of GAAP
• Analytically strong and decisive with the ability to communicate in a clear and concise manner.
• A qualified record of implementing new processes effectively and efficiently.

Follow your career aspirations to Abbott for diverse opportunities with a company that can help you build your future and live your best life. Abbott is an Equal Opportunity Employer, committed to employee diversity.

Abbott Canada is committed to the hiring, advancement, and fair treatment of individuals without discrimination based on factors such as race, sex, colour, ethnic or national origin, religion, disability, age, citizenship, family or marital status, political beliefs, sexual preference, or other factors included in human rights legislation.

Abbott strives to promote and maintain an inclusive, high-performing culture that allows all employees to reach their full potential and contribute to Abbott’s success.

Connect with us at www.abbott.com, on Facebook at www.facebook.com/Abbott and on Twitter @AbbottNews and @AbbottGlobal.