Cost Analyst

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.

This is an open role to proactively attract candidates for future opportunities at Abbott

Cost Analyst

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.
• Health Insurance (starting on Day 1 of employment), Savings Plan (401K) with company match, Life insurance for you and your spouse/children, Short Term Disability, Long Term Disability, Education Assistance, Employee Assistance Program, Vacation, Sick, Personal Days.
• 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 of our Arecibo location in the CRM division. As a global leader in Cardiac Rhythm Technologies, we focus on innovative technologies that can improve the way doctors treat people with heart arrhythmias, or irregular heartbeats. 

This is an exempt role.

As the Cost Analyst, you will support the Production Managers and his staff on various financial matters such as budgeting, forecasting, product costing, manufacturing variances analysis & reporting, spending analysis and other related financial requests. Assists the Cost Accounting /Financial Analysis Manager and Controller, in planning and execution of the month-end closing activities for the respective business unit and accounts reconciliations.

What You’ll Do

• Operational business support – Provide day to day financial support to Production Managers, Supervisors and other operations personnel; Review and analyze work order manufacturing variances, support operational managers in the monetary spending overhead analysis and budget control; audit cycle count program to assure its effectiveness and timely report its results to management; Monitor results of continuous improvement projects.
• Closing - Manage the monthly general ledger close process for its respective business unit, including recording of journal entries and ensuring the accuracy of trial balance; Complete the monthly reconciliation of various subsidiary records against the general ledger control accounts, including but not limited to the perpetual and work in process inventories and variances deferrals and amortization.
• Reporting - Analyze financial results, verify its reasonableness and provide management with manufacturing performance reports on a daily, weekly or monthly basis, including manufacturing variance analyses and appropriate explanations of yields, scrap, rework and other factors; Report on the plant unit production by area and/or product family; Analysis of inventory balances, including exposure for slow moving damaged and obsolete; Coordinate and/ or prepare special ad hoc information requests for local, division or corporate management.
• Budgets / Forecasting - Active participation in the preparation of the annual manufacturing budget plan (material, labor & overhead); Coordinate and summarize the necessary data for the timely preparation of quarterly forecasts, annual strategic plan and other similar analysis.
• Product costing - Support the development of standard product costing, after proper verification of routings, bills of materials and components costs, including its review for reasonableness; Prepare cost estimates as required.
• Compliance - Ensure compliance with all Abbott procedures and all applicable regulatory agency requirements.

Required Qualifications

• Bachelor’s degree in business administration with major in accounting.
• Minimum Three (3) to five (5) years of experience in a manufacturing environment with knowledge of integrated cost accounting systems and information systems (SAP preferred); prior participation in continuous improvement projects a plus.
• Fully bilingual (English/Spanish) with excellent oral and written communication skills; strong analytical capabilities.
• Proficiency in computer applications (MS Excel, MS Word, MS PowerPoint).

Preferred Qualifications

• CPA preferred

Apply Now

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 $53,300.00 – $106,700.00. In specific locations, the pay range may vary from the range posted.