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For Companies At a Glance
- Tasks: Lead financial strategies for R&D in medical devices, driving impactful decisions.
- Company: Abbott, a global healthcare leader dedicated to improving lives.
- Benefits: Free medical coverage, retirement savings, tuition reimbursement, and student debt support.
- Why this job: Make a real difference in healthcare while advancing your career with a respected company.
- Qualifications: Bachelor's in Finance/Accounting and 7+ years of FP&A experience required.
- Other info: Join a diverse team recognised for excellence and innovation in healthcare.
The predicted salary is between 60000 - 100000 £ per year.
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.
At Abbott, you can do work that matters, grow, and learn, care for yourself and your 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.
- Employees can qualify for free medical coverage in our Health Investment Plan (HIP) PPO medical plan in the next calendar year.
- An excellent retirement savings plan with a high employer contribution.
- Tuition 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 worldwide 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 the best place to work for diversity, working mothers, female executives, and scientists.
This position works out of our Plymouth location in the Electrophysiology Medical Device division. In Abbott’s Electrophysiology (EP) business, we’re advancing the treatment of heart disease through breakthrough medical technologies in atrial fibrillation, allowing people to restore their health and get on with their lives. This role serves as a critical finance business advisor and partner for EP R&D leadership. The R&D Finance Manager provides sound business counsel and enables the strategic vision of the business unit by advocating spending as an investment, not an expense. They will effectively balance business unit investment needs/ROI with division and corporate investment needs. This individual will interpret root causes to issues and actively seek solutions to problems through sound financial analysis. They will bring the numbers to life through forecast accuracy and presentation of financial information to non-financial audiences. This individual will focus on business strategies to achieve goals rather than report outcomes, while continuously ensuring organizational alignment on key action items.
What You’ll Work On
- R&D RLBE Process: Coordinate planning with functional leaders; develop and maintain data collection and entity submission templates; prepare and present RLBE summaries to BU leadership; update and maintain HFM data models.
- R&D Monthly Performance: Update HFM data models, analyze monthly results, and prepare performance summaries for BU leadership.
- NPVs/ROIs for New Product Development: Partner with Marketing, Operations, and PMO to model P&L impacts; assess and communicate potential cannibalization; prepare presentation materials for portfolio reviews and gate meetings with BU leadership.
- R&D Strategic Planning: Coordinate planning with functional heads; maintain data templates and submission packages; prepare and present OEM summaries to BU leadership; update and maintain HFM data models.
- Ad-hoc Analysis & Support: as needed across the organization.
Required Qualifications
- Bachelors Degree (± 16 years) in Accounting/Finance or a related field.
- Minimum 7 years of FP&A experience.
- People leadership/management experience.
Preferred Qualifications
- 15+ years of FP&A experience.
- 5+ years of people leadership/management experience.
- Master’s degree in Finance, Accounting, Business, or a related field.
- CPA certification.
- Experience supporting R&D functions.
- Medical device or broader healthcare industry experience.
Apply Now. 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.
R&D Finance Manager in Plymouth employer: National Black MBA Association
Contact Detail:
National Black MBA Association Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land R&D Finance Manager in Plymouth
✨Tip Number 1
Network like a pro! Reach out to current or former employees at Abbott on LinkedIn. A friendly chat can give us insider info and maybe even a referral, which can really boost our chances.
✨Tip Number 2
Prepare for the interview by knowing your stuff! Research Abbott’s recent projects in Electrophysiology and think about how your skills can contribute. We want to show them we’re not just a fit, but the perfect fit!
✨Tip Number 3
Practice makes perfect! Get a friend to do a mock interview with you. This will help us articulate our experience and how it aligns with the R&D Finance Manager role, making us more confident when it counts.
✨Tip Number 4
Don’t forget to follow up! After the interview, shoot a thank-you email to express our appreciation. It keeps us on their radar and shows we’re genuinely interested in the position.
We think you need these skills to ace R&D Finance Manager in Plymouth
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the R&D Finance Manager role. Highlight your relevant experience in FP&A and any leadership roles you've held. We want to see how your skills align with our needs!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about working at Abbott and how you can contribute to our mission. Keep it concise but impactful – we love a good story!
Showcase Your Analytical Skills: Since this role involves financial analysis, be sure to showcase your analytical skills in your application. Mention specific tools or methodologies you've used to interpret data and drive business decisions. Numbers are your friends!
Apply Through Our Website: We encourage you to apply through our website for the best chance of being noticed. It’s super easy, and you’ll get all the info you need about the role and our company culture. Let’s get started on this journey together!
How to prepare for a job interview at National Black MBA Association
✨Know Your Numbers
As an R&D Finance Manager, you'll need to demonstrate your financial acumen. Brush up on key financial metrics relevant to R&D and be ready to discuss how you can interpret data to drive business decisions. Show them you can bring numbers to life!
✨Understand the Business
Familiarise yourself with Abbott's Electrophysiology division and its impact on healthcare. Research their recent innovations and how they align with the company's strategic goals. This will help you articulate how your role can support their mission during the interview.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving skills and ability to balance investment needs with ROI. Prepare examples from your past experience where you've successfully navigated similar challenges, showcasing your analytical and strategic thinking.
✨Showcase Leadership Skills
Since this role involves people management, be ready to discuss your leadership style and experiences. Think of specific instances where you've led a team through change or conflict, and how you foster collaboration and alignment within your team.
