Job Information
Abbott Finance Controller – Core Lab Division (Mississauga) in Mississauga, Ontario
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
Under the supervision of the Core Lab Area Finance Director and the General Manager, the Controller is responsible for the control, integrity, management and reporting the P&L and Balance Sheet as well as responsibility for administrative Control & Compliance of policies and procedures. In addition, the Controller has direct responsibility over the supervision of 5 direct reports, including 4 managerial positions, and 10 indirect reports overseeing: Contracts and Pricing, Sales Analysis, Warehouse and Logistics, Facilities Management,
Customer Service and Order Entry, Inventory Management, Incentive Compensation and Capital expenditure.
What You’ll Do
P&L and Balance Sheet Responsibilities include:
Manage & report Core Lab, Molecular and Abbott Point of Care sales, product costs, operating expenses, as well as headcount
Prepare budgets by establishing schedules; collecting, analyzing, and consolidating financial data for Plan,LBE, S&OP and LRP
Achieve budget objectives by scheduling expenditures; analyzing variances and initiating corrective actions
Generate financial reports and conduct analysis of potential savings and spending
Prepare financial reports and present findings and recommendations to top management
Ensure the Divisions’ financial objectives are achieved and that actions are profitable
Manage projects in relation to finances
Identify spend opportunities and savings for reinvestment and other strategies
Prepare reports by collecting, analyzing, and summarizing information and trends
Represent Canadian affiliate and be the key Financial liaison for Core Lab, Molecular and Abbott Point of Care commercial divisions
Manage and report approx. 85 headcounts
Manage, plan and report Balance Sheet items including Accounts Receivable (AR), Inventory, Fixed Assets,
Prepaid, Other AR, Notes & Accounts Payable, Accrued Wages, etc.
Oversee, manage and ensure the accuracy of various financial planning systems used by the Divisions, including TM1, Host Analytics, VGSAM and various Excel based reports
Manage 2 direct reports
Control, Compliance & Actuals responsibilities include:
Guide financial decisions by establishing, monitoring, and enforcing policies and procedures
Ensure that all financial decisions are made with regards to Abbott policies & procedures, laws, ethics and regulations
Protect assets by establishing, monitoring, and enforcing internal controls
Represent the Divisions by managing both internal and external audits
Review and approve sales incentives, service incentives as well as head office incentives
Maintain professional and technical knowledge
Protect operations by keeping financial information and plans confidential
Lead Quarterly Balance Sheet reviews with IFO
Responsibilities relating to the Division’s Forecasting department includes:
Coordinate Core Lab's sales forecast process and supporting documentation for Plan, LBE, S&OP and LRP
Obtain extensive knowledge of business conditions and marketing strategy to support sales forecasting in order to ensure forecast accuracy
Lead / Support Product Managers, Marketing Directors, Sales Excellence Manager and Strategic Pricing Manager as well and Manager FP&A on forecast process
Oversee the development of long range forecasts to identify critical performance gaps
Ensure accuracy & integrity of the Supply & Demand system (Manugistics) and reported commentary
Preparation / Review of the monthly S&OP reporting package per local reporting requirements
Support Products Managers with various analysis and scenarios during new products launches as well as during Plan & LRP
Budget Oversight:
Oversee commercial spend for Plan, LBEs and LRP
Ensure monthly reviews with GM, Marketing and Sales Management to assess trade spend needs
Review all month-end analysis and reconciliations required to support Balance Sheet accruals
Track all trade spend to ensure no overspend and to understand the spend requirements
Ensure accurate systems are in place to support all Trade Spend accruals
Be the financial liaison between Sales, Marketing, and Area
Work on and/or lead special projects and analysis as required
Conduct monthly reviews with Senior Management to enable business investment decisions
Responsibilities relating to Capital Expenditures include:
For all departments reporting to Core Lab General Manager:
Prepare/ Review and circulate for approval RCEs in accordance Abbott Policy
Manage the integrity of the RCE Database
Obtain all supporting documentation including supplier quotes to justify both financial and non financial capital requests
Calculate the discounted cash flow and ROI on all financial capital requests
Manage, budget and obtain approval for all Capital expenditures for Plan, LBE & LRP
Evaluate and assess risks and opportunities for all capital expenditures
Ensure expenses
Required Qualifications
Bachelor's degree required
3 to 5 years of working in public accounting leading audits of medium to large companies
2 to 3 years of Controllership in commercial
Preferred Qualifications
Ability to identify and implement proper financial controls and reporting procedures
Good ability to motivate, develop and manage staff
Good Communication skills and excellent professional ethics
Technical and functional skills in financial controlling and reporting
Strong customer focus and analytical skills
Working knowledge of all financial systems including JDE, TM1, Host Analytics as well as Office
An Equal Opportunity Employer
Abbot welcomes and encourages diversity in our workforce.
We provide reasonable accommodation to qualified individuals with disabilities.
To request accommodation, please call 224-667-4913 or email corpjat@abbott.com
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