Financial Planning & Analysis Manager Abbott Laboratories

What You ll Work On

• Provide finance expertise to support ANI Saudi organization in business partnering and strategic initiatives.
• Prepare Financial Plans, Rolling LBE s, and manage financial activities, including monthly close processes and analysis for Saudi affiliates.
• Ensure completeness and accuracy of financial data, presenting a comprehensive and well-positioned Affiliate package to senior management.
• Collaborate with internal operational personnel and external partners, advising on financial and strategic implications of proposed concepts.
• Must provide appropriate advice and strategy to Senior Management to ensure timely, comprehensive, accurate, and insightful end product.

Primary Function Finance:

• Direct and have full responsibility for preparing the financial Plans, rLBE s within the Division with annual sales $148MM (FY25Plan).
• Supports the affiliate Finance Director on FP&A related work and ad-hoc activities
• Lead the financial aspects of Medical Nutrition business Unit
• Preparation of Internal financial reports on Periodic basis (comprising Brand P&L, Channel wise profitability, actual spends analysis on sales promotion and other SG&A).
• Preparation of various reports on periodic basis to be submitted to AREA and Division (Such as reports on Sales reports, P&L schedules and Balance Sheet).
• Ensure all the submission are timely, comprehensive, accurate with clear & concise commentary.
• Perform detailed analysis of Sales / SG&A / GTN after month end and provide tracking vs budget to each budget owner and maintain FY forecast up to date.
• Ensure financial controls are being implemented and exercised in guidance with Abbott s compliance and financial policies.
• Providing the business analytics to help drive initiatives that are critical to the ongoing growth of the company.
• Streamlining processes and identifying opportunities for savings across all areas of the business.
• Preparing key management reports, highlighting risks and opportunities and preparing contingency plans.
• Review accruals as part of monthly close activities and coordinate with CFS / ALOG to ensure accurate month close.

Commercial Business Partnering

• Work closely with MN, Hospital & Marketing teams for evaluation of various initiatives.
• Proactive in originating, participating in and executing strategies, directed towards the enhancement of the business objectives of the ANI Saudi to achieve both current and long-range objectives
• Monitor In-Market Sales and target achievements for Medical Nutrition
• Analyze the inventory on monthly basis to identify distress and risk stocks
• Provide financial input, including ROI analysis (where applicable) for commercial activities.
• Co-ordinate with demand / logistics team to ensure TMS reflects IMS updates / changes
• Co-ordinate with the distributor for various matters and resolve issues, where applicable.
• Exercise budgetary controls and monitor spending limits.
• Prepare Ad Hoc Analysis as and when required by Local Management & Area
• Identify, Analyse, and monitor issues that affect profitability, growth and productivity.
• Work with the MN team to generate and implement ideas for cost leadership / profitability
• Provide support in tender pricing process & hospital pricing process to improve margin