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, medical devices, nutritionals and branded generic medicines. Our 114,000 colleagues serve people in more than 160 countries.
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’ll also have access to:
Career development with an international company where you can grow the career you dream of.Free medical coverage for employees* via the Health Investment Plan (HIP) PPOAn excellent retirement savings plan with high employer contributionTuition reimbursement, the Freedom 2 Save student debt program and FreeU education benefit - an affordable and convenient path to getting a bachelor’s degree.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 out in our facilities of Lake Forest IL in the Diagnostics Division.
We’re empowering smarter medical and economic decision making to help transform the way people manage their health at all stages of life. Every day, more than 10 million tests are run on Abbott’s diagnostics instruments, providing lab results for millions of people.
What You’ll Work On
The Finance Supervisor, R&D Portfolio & Strategy has responsibility to support the development, maintenance, and execution of the processes necessary to identify, evaluate, and prioritize the ADD R&D Portfolio across the different R&D areas (Assays, Instruments, Informatics, etc.)
Responsible for the development of plan, quarterly RLBE, and balance sheet Royalty forecasts. Understand and communicate key assumptions and potential material risks and opportunities to the forecasts. Actively participate in RLBE and Confirmation reviews. Prepare schedules and commentary required for Division submission. Perform month-end and quarter-end close activities for Royalty related tasks.Prepare business case financial models and recommendations to support R&D pipeline opportunity assessment and prioritization.Collaborate with ADD R&D PMO (Program Management Office) to develop and maintain current and future R&D project portfolio including prioritization, development costs and resource modeling.Develop forward looking analytics to support effective business investment and decision making.Position Accountability Scope & Core Job Responsibilities
Develop and Maintain R&D Portfolio
Collaborate with the Marketing team to understand the background of the new business case and gather key assumption inputs.Work with R&D PMO to develop and maintain R&D resourcing models to optimize resource planning and utilization across R&D to meet current program needs and assess future portfolio demand.Provide input to evaluate and prioritize R&D development opportunities across assays, instruments, and informatics.Support the development of financial / R&D productivity metrics to assess R&D project viability. Evaluate projects in the R&D pipeline and provide recommendations to Senior Management with portfolio Prioritization decisions.Support IP / Licensing:
Review contracts to ensure financial terms are accurately reflected in Royalty calculation files and participate in the due diligence process as required.Calculate Royalty expenses on a quarterly, semi-annual, and annual basis. Forecast Royalty expenses for RLBEs and manage related balance sheets. Working with Licensing and Accounting partners to make Royalty payments.Present LBE Royalty Overview to Senior Leadership.Required Qualifications
Bachelor’s degree in finance or accounting requiredMust have 5-7 years of progressive finance experience supporting Commercial, Operation and/or R&D organizations. Experience in multiple functions a plus.Preferred Qualification
Sound financial analysis, sales forecasting, and dynamic modeling skills.Must have strong interpersonal skills, ability to influence others without direct authority, good negotiating skills, solid analytical ability, and ability to think and adapt quickly in a changing environment.Demonstrate the ability to support business partners while pressure testing assumptions.Skilled in delivering clear, concise, and impactful presentations to senior leadership.Attention to detail: demonstrates a high level of accuracy and thoroughness in all tasks, ensuring quality and precision in work outputs. Exhibits self-sufficiency in evaluating and ensuring the quality and accuracy of one’s own work.MBA and/or CPA preferredWorking knowledge of in vitro diagnostic and therapeutic products.Experience with Licensing, Acquisitions, or other deal related work.Process development and implementation experience.* Participants who complete a short wellness assessment qualify for FREE coverage in our HIP PPO medical plan. Free coverage applies in the next calendar year.
Learn more about our health and wellness benefits, which provide the security to help you and your family live full lives: www.abbottbenefits.com
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 at www.abbott.com, on Facebook at www.facebook.com/Abbott and on Twitter @AbbottNews and @AbbottGlobal.
The base pay for this position is $83,000.00 – $166,000.00. In specific locations, the pay range may vary from the range posted.