Financial Analyst

Position Summary

Point-of-care diagnostics is a growing and dynamic industry helping to improve clinical and economic outcomes globally. Abbott brings a variety of expert viewpoints on new innovations, insights, and impacts that are shaping the future of diagnostics around the world.

Abbott Rapid Diagnostics Orlando site is part of Corporate Finance Services (CFS). CFS has a global accountability to deliver an exceptional customer experience and create business value through compliance, standardization and data analytics. The CFS group fosters a collaborative, team focused and winning environment where employees are accountable and encouraged to develop themselves.

The Financial Analyst has the responsibility to monitor all aspects of the collection of outstanding debts owed to the company. This role will also communicate frequently with management on cash flow issues, various metrics, and credit risk exposures.

Duties And Responsibilities

• Perform forecasting of Accounts Receivables, Cash Collections/CEI and Days Sales Outstanding (DSO)
• Report on actual A/R performance, track key operational metrics and prepare departmental dashboards to include:
  
  

✓ DSO

✓ Collections Effectiveness Index (CEI)

✓ Worklist management

✓ Dispute management

✓ Write-offs, refunds and bad debt reserve

✓ Credit limit changes.

✓ Management exceptions

• Analyze past collection results, perform variance analysis, identify trends and make recommendations to leadership for improvements.
• Automate reporting processes across different ERP systems (SAP and SAGE).
• Transition existing reports to Power BI for improved visualization and analysis.
• Implement new reporting tools and processes to ensure data accuracy and accessibility.
• Collaborate with cross-functional teams to understand reporting needs and deliver solutions.
• Provide training and support to team members on new reporting tools and processes.
• Analyze collection performance of key customer segments and work with Credit Manager to implement targeted collection strategies.
• Evaluate KPI’s by comparing and analyzing actual results with plans and alert leadership of any trends which will impact the performance of key metrics against targets
• Prepare month-end/quarter-end schedules for Corporate Finance and provide commentary for flux analysis as part of the month-end and quarter-end packages
• Work closely with the accounting team to ensure accurate financial reporting
• Prepare monthly account reconciliations
• Use data to analyze root causes/trends of customer deductions and slow payments and provide data to assist cross functional teams in reducing/eliminating and improving the deduction resolution cycle time
• Increase productivity of the Credit and Collections team by developing automated reporting
• Perform market research, data mining and stay abreast of business intelligence
• Identify, implement and execute trainings for the department and other stakeholders on a wide range of topics related to business process and internal controls process as needed
  
  

Core Competencies

• Ability to Multitask
• Functional/Technical Skills
• Decision Quality
• Problem Solving
• Dealing with Ambiguity
• Priority Setting
• Time Management
• Process Management
  
  

Skills/Qualifications

• Must have excellent English oral and written communication skills; Must have ability to communicate clearly and professionally
• A mix of experience in a publicly traded company or experience in a multi-national organization
• Strong quantitative, data gathering and analytical competency
• Excellent attention to detail and proven organizational skills
• Self-starter with excellent interpersonal and problem-solving skills
• Highly motivated, reliable, accurate and able to work in a fast-paced environment with minimal supervision
  
  

Education & Experience

• Bachelor's Degree in Business or Finance
• 3+ years of business, finance, or other relevant experience
• A mix of experience in a publicly traded company or experience in a multi-national organization
• Experience with SAP or large ERP preferred
• Advanced experience in Excel and proficiency with Microsoft Office Suite (Outlook, Access, Word, PowerPoint )