Financial Planning & Analysis Manager
About Abbott
Abbott is a global healthcare leader, creating breakthrough science to improve people’s health. We’re always looking towards the future, anticipating changes in medical science and technology.
Working at 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:
- Career development with an international company where you can grow the career you dream of.
- 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.
- 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 at Istanbul location in the Established Pharmaceuticals Division that we are committed to bringing the benefits of our trusted medicines to more people in the world’s fastest-growing countries. Our broad portfolio of high-quality and differentiated branded generic medicines reaches across multiple therapeutic areas including gastroenterology, women's health, cardiometabolic, pain management/central nervous system, and respiratory.
What You’ll Do
1. FINANCIAL PLANNING MANAGEMENT
- Supporting yearly financial plan and quarterly Latest Best Estimate preparations (estimations for expenditure, profit, headcount, Cash Flow)
- Leading regular month-end closing activities by collaborating with stakeholders from Finance and Operations.
- Business Partnering with commercial team on company financial planning, budget management and long-range business plans.
- Being fully involved in financial data preparation for Financial Reconciliation and S&OP meeting with latest results, risks, contingencies and suggestions monthly.
- Performing profitability analysis on products and report the results with brand P&Ls.
- Identifying and communicating gap between proposed forecast and the financial commitment.
- Ensuring the submission of monthly, quarterly and yearly financial reporting to Region and Division (LBEs (Latest Best Estimate), MT (Monthly Tracking))
- Ensuring all financial transactions in the Balance Sheet and P&L areas are being recorded properly and getting the variance explanations from related parties
- Monitoring completion/status of action items related to her/his job responsibilities from prior S&OP meeting.
- Initiating ad-hoc analysis for strategic decisions of Turkey affiliate
- Achieving & maintaining KPIs at Required level at Department Level
- Conducting Transfer Pricing practice annually as main contact of affiliate
- Developing financial awareness by preparing and sharing financial newsletter with upper management which includes business unit based P&Ls, financial results and suggestive actions in order to achieve total year targets
- Initiating ad-hoc analysis for strategic decisions of Turkey affiliate
- Acting as EPD contact with the Company’s independent external and internal (Abbott International) Auditors on Planning matters including Policies and Procedures.
- Leading projects about Profit & Lost Improvements
- Implementing SOP processes in finance area
2. CAPITAL MANAGEMENT AND EXPENSE CONTROL
- Performing Capital Expenditure requests through a tool and monthly follow-up of Fixed Asset capitalization
- Ensuring compliance with Financial Procedures relating to requests for Capital of a Financial nature.
- Preparing and maintaining the CAPEX budgets in LBE periods and actual spending.
- Assessing the feasibility of investments by calculating the NPVs and IRRs of the projects.
- Analyzing Capital Expenditure and project expense variances (Actual vs Plan, LBE and PY)
Required Qualifications
- Bachelor’s degree in finance, Business Administration or Economics
- Minimum 3 - 5 years of experience in the Finance department
- Good command of both written and spoken English
- Solid analytical and problem-solving skills
Preferred Qualifications
- Experience in the Finance department, preferably in the Healthcare / Pharmaceutical sector
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.
Connect with us on Facebook at www.facebook.com/Abbott and on Twitter @AbbottNews and @AbbottGlobal.
For further information, and to apply, please visit our website via the “Apply” button below.
