Financial Planning & Analysis Manager
About this role
JOB DESCRIPTION:
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.
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
1.1. Supporting yearly financial plan and quarterly Latest Best Estimate preparations (estimations for expenditure, profit, headcount, Cash Flow)
1.2. Leading regular month-end closing activities by collaborating with stakeholders from Finance and Operations.
1.3. Business Partnering with commercial team on company financial planning, budget management and long-range business plans.
1.4. Being fully involved in financial data preparation for Financial Reconciliation and S&OP meeting with latest results, risks, contingencies and suggestions monthly.
1.5. Performing profitability analysis on products and report the results with brand P&Ls.
1.6. Identifying and communicating gap between proposed forecast and the financial commitment.
1.7. Ensuring the submission of monthly, quarterly and yearly financial reporting to Region and Division (LBEs (Latest Best Estimate), MT (Monthly Tracking))
1.8. Ensuring all financial transactions in the Balance Sheet and P&L areas are being recorded properly and getting the variance explanations from related parties
1.9. Monitoring completion/status of action items related to her/his job responsibilities from prior S&OP meeting.
1.10. Initiating ad-hoc analysis for strategic decisions of Turkey affiliate
1.11. Achieving & maintaining KPIs at Required level at Department Level
1.12. Conducting Transfer Pricing practice annually as main contact of affiliate
1.13. 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
1.14. Initiating ad-hoc analysis for strategic decisions of Turkey affiliate
1.15. Acting as EPD contact with the Company’s independent external and internal (Abbott International) Auditors on Planning matters including Policies and Procedures.
1.16. Leading projects about Profit & Lost Improvements
1.17. Implementing SOP processes in finance area
2. CAPITAL MANAGEMENT AND EXPENSE CONTROL
2.1. Performing Capital Expenditure requests through a tool and monthly follow-up of Fixed Asset capitalization
2.2. Ensuring compliance with Financial Procedures relating to requests for Capital of a Financial nature.
2.3. Preparing and maintaining the CAPEX budgets in LBE periods and actual spending.
2.4. Assessing the feasibility of investments by calculating the NPVs and IRRs of the projects.
2.5. 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 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
Apply Now
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
N/AIn specific locations, the pay range may vary from the range posted.
JOB FAMILY:
Financial Planning and Analysis
DIVISION:
EPD Established Pharma
LOCATION:
Türkiye > Istanbul : Saray Mah Dr Adnan Buyukdeniz Cd Umraniye
ADDITIONAL LOCATIONS:
WORK SHIFT:
Standard
TRAVEL:
Not specified
MEDICAL SURVEILLANCE:
Not Applicable
SIGNIFICANT WORK ACTIVITIES:
Not Applicable
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