Manager, Financial Planning and Analysis

JOB DESCRIPTION:

At Abbott, we believe people with diabetes should have the freedom to enjoy active lives. That’s why we’re focused on helping people with diabetes manage their health more effectively and comfortably, 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.

MAIN PURPOSE OF ROLE

This role reports directly to Area Financial Controller – Asia Pacific and is a key member of the Affiliate Leadership Team with the primary responsibility of supporting the Division’s goals and objectives by providing financial counsel to the General Manager – Southeast Asia and General Manager – Korea. Financial planning and analysis of country’s/ region’s performance driver, growth opportunities and challenges. Financial reporting and analysis, general accounting, internal controls, asset management and risk management.

Responsibilities

• Manage the development and execution of the financial plan(s) for Affiliate(s) Commercial Operations for all Plan, Latest Best Estimates and Organic Execution Plan (“OEM”)
• Establish, develop and implement appropriate procedures to ensure that the planning process provides an efficient and effective tool for Affiliate’s Leadership team
• Develop and orchestrate the planning timeline, calendar, and process working closely with Affiliate/Area Finance team(s); as well as the Affiliate/Area Leadership team(s) to ensure adequate review and consensus
• Review monthly performance analysis and report results to Affiliate Leadership team(s). Collaborate with other functions on monthly sales demand forecasting and LBE slide preparation
• Manage and coordinate with Affiliate Leadership team for the comprehensive preparation of the presentation and related backup/analysis to Area Leadership that includes the assessment of all data and assumptions used in the planning development for reasonableness and the degree of achievability of these forecasts
• Develop and provide analysis to explain/ comment on full year variances, trend/pattern analysis
• Provide financial expertise in evaluating and identifying the key issues and gaps in business performance and emerging business needs, deliver analyses that provides a foundation for management understanding and action (e.g., impact of new product launches, asset management and instrument profitability)
• Provide financial models, analysis and support for commercial strategies e.g. product launches including pricing strategy and profitability for existing and new promotional programs
• Improve the financial understanding of the key nonfinancial management staff
• Responsible for the maintenance and integrity of the P&L, Headcount, and Investment data for all Plan and LBEs.
• Provide oversight and controls for the monthly accounting close process, including appropriate expense accruals plus review of actuals versus plan to ensure completeness and accuracy of monthly financial information
• Provide oversight on Budget Control of the Affiliate(s) through:
• Review Free of Charge products, inventory write offs and Trade discount programs actual expenditures vs benchmark for budget analysis. Address significant variances with sales team
• Review monthly departmental expense tracking for actuals vs Plan/LBEs benchmark to assure compliance with budget.
• Review monthly sample detail report
• Work closely with the Demand Planner/Planning Manager to ensure alignment of forecast volumes
• Responsible for ensuring monthly financial forecasts are accurate according to Performance Assessment benchmarks
• Work with GM to review actual financial performance against plan/LBEs to educate and identify trends as well as future risks and opportunities to our business plans
• Understands the ongoing risks and opportunities for the business; actively taking steps to mitigate risks and accelerate opportunities jointly with Affiliate/Area Leadership team(s)
• Understand the daily sales trend for the affiliate and ensure steps are taken to address gaps with sales team
• Provide financial review over ADC commitments and expenditures to ensure compliance with Abbott Corporate accounting policies and procedures
• Responsible for addressing OEC issues, concerns for the ADC affiliate with GM
• Ad-hoc process improvement projects both within country/region/Finance function

Requirements

• BS or BA in Accounting, Finance, or Economics
• Minimum 6 years financial analysis experience; and working experience in supporting regional AsiaPac or South East Asia markets
• Financial experience in a healthcare industry will be advantageous
• Ability to plan, implement, and administer financial information and control systems
• Knowledge of the principles, processes and standards for integrated financial analysis and reporting
• Highly proficient in Excel
• Experience with SAP, Dodeca, Hyperion, Essbase will be advantageous

The base pay for this position is

N/A

In specific locations, the pay range may vary from the range posted.

JOB FAMILY:Financial Planning and Analysis

DIVISION:ADC Diabetes Care

LOCATION:Singapore > Singapore : DUO Tower

ADDITIONAL LOCATIONS:

WORK SHIFT:Standard

TRAVEL:Yes, 10 % of the Time

MEDICAL SURVEILLANCE:Not Applicable

SIGNIFICANT WORK ACTIVITIES:Not Applicable