Finance Business Partner

Description:

• For 130 years 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, minimally invasive medical devices, coronary stents, nutritionals and branded generic medicines. We help people with diabetes effectively manage it without painful finger pricks.
• Abbott is one of the most diversified companies in healthcare. Our 109,000 colleagues serve people in more than 160 countries.
• They are now looking for Finance Business Partner (BU and supporting functions).
• The objective of the Finance Business Partner is to provide Senior company management with reliable financial support, aimed on maximization of NS and profit in long-term horizon and delivery of BU financial goals. It includes, but not limited to driving transparency, predictability and efficiency of BU financial results, together with putting in place controls of budget fulfilment and costs necessity and efficiency.

Responsibilities

• Support BU Director at all internal and external (global) reviews of BU performance, annual planning and business cases approval, acting as a prime financial person responsible for BU financial performance.
• Support key functions as prime finance person in budget tracking, expense efficiency analysis, risk assessment, business cases assessment, methodology questions.
• Lead annual planning process for BU for all P&L lines (GS, NS, Gross Margin, A&P, SG&A) and distributors stocks by each product within BU.
• Act as a prime finance person in approvals/decision making for BU with direct responsibility for BU financial results (sale and profit) Supports strategic business development initiatives from finance perspective.
• Manages such initiatives as first financial contact point: manages assumptions, forecast, finds the solutions for finance risk mitigations.
• Receive, analyze and challenge the marketing & sales projections and assumptions for the local Business Units.
• Monitor all Risks and Opportunities vs last forecast; assess their probability. Initiate gap closing exercise (or Plan B execution), if required for gap closing reasons.
• Approve all BU and departments/functions expenses.
• Actively participate in sales & Operational planning process (S&OP): check reliability of assumptions behind sales forecasts, monitor full year performance of BU vs Plans, raise “red flags” if any risks observed; facilitate gap closing (plan B) discussions.
• Propose, monitor and validate targets achievement for BU;
• Constantly train and educate BU team, driving higher level of financial knowledge (drivers of NS, Profit, financial consequences of business decisions, etc).
• Keep the BU Management constantly informed of general status and issues.

Minimum Education

• Master degree, in finance, economics.
• Additional finance qualifications ACCA, CIMA as s plus.

Minimum Experience/Training Required

• 5+ year experience in business finance position in big multinational companies with at least 1 years managerial experience.
• Organizational skills: strong leadership ability, conflict resolution / management, learning agility, drive for change, dealing with ambiguity, business acumen.
• Technical Skills: Analytical and strategic thinking, highly efficient communication and presentation skills, process improvement/optimization mentality, evident cross-functional experience.
• SAP knowledge and extensive excel knowledge.
• Fluent English / Russian.