Financial Analyst

Job description

JOB DESCRIPTION:GLOBAL COMPANY OVERVIEW At Abbott, we’re dedicated to helping people live more fully, in everything we do. We’re creating the future of healthcare through life-changing technologies and products that make you healthier and stronger, quickly identify when you have a medical need, and treat conditions to help you get back to doing what you love. With global headquarters in Chicago, USA, we serve people in more than 160 countries with leading medical devices, diagnostics, nutrition products and branded generic medicines. Our 114,000 colleagues are helping millions of people to live better and healthier, every day around the world. In South Korea, we’ve been helping people live fully for more than 30 years. 한국애보트 : 글로벌 헬스케어 기업 애보트의 한국 법인으로, 진단·의료기기·제약·당뇨 등 다양한 헬스케어 솔루션을 통해 한국 국민의 건강한 삶에 기여하고 있습니다. (사무실 위치 : 대치동) 애보트메디칼코리아 : 애보트의 심혈관·구조심장·전기생리 분야 의료기기를 담당하는 한국 법인으로, 혁신적인 의료 기술을 통해 환자의 삶의 질 향상에 기여합니다. (사무실 위치 : 역삼동) 애보트래피드진단 : 애보트의 신속진단 사업부로서 의료기기 및 체외 진단 시약을 생산하며 현장 진단 검사의 세계적인 리더 기업입니다. (사무실 위치 : 분당 정자동) 한국애보트진단 : COVID-19, 말라리아, 인플루엔자, HIV, 매독, 간염 등 다양한 감염 질환을 신속하고 정확하게 진단할 수 있는 체외진단 의료기기를 연구, 개발, 생산합니다. (사무실 위치 : 기흥) Established Pharmaceuticals 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. Primary Job Function: Support the Korea EPD affiliate and assist Finance Director in ensuring that utilization of resources is aligned with business & financial needs in the country. Ensure compliance with all Corporate Finance policies, procedures and reporting requirements (timely submission of month-end close reporting template & packages). Responsible for providing sound business decision-making support to Finance Director through accurate monitoring, reporting and analysis of Actual financial results & LBE forecast. Provide timely and proactive financial evaluation, information and advice that enables Team to develop & execute effective plans and take informed decisions to achieve its annual financial objectives. Core Job Responsibilities: [LBE/forecast] Assist Financial Director in the preparation of quarterly LBE deck including P&L, BS (incl. Operating Cash Flow analysis) and all other supplementary requirements as required (Price Template, PP&E template, Consulting Spend, SG&A analysis) Ensure LBE forecast are based on sound assumptions backed up with justifiable financials & taking into consideration guidance from APAC (Asia Pacific) in terms of LBE guidance and reflect it accordingly. Lead bottoms-up consolidation of inputs from relevant functions, upload financial data and Causals to Bullseye financial system with required granularity. [Standard Cost] Collaborate with local Operations and Global TP (transfer price) department to calculate Standard Cost on a yearly basis and keep track of TCGM update. For new products, make the calculations on an as-needed basis. Also reconcile Standard Cost and TCGM between actual and forecast/Plan on a monthly basis Monthly Routine Reporting (to Area, Emerging Markets & Corporate) Provide monthly analysis report to APAC & attend to any subsequent follow up queries as follows: P&L and BS Price volume variance SG&A and R&D Cash Flow Monthly Tracking – latest P&L estimate Ad-hoc requirements from time to time Reports Provide monthly SG&A expense report as well as discretionary department expense within EPD in Korea. Monthly closing Ensure accurate monthly closing by providing necessary input or/and calculation to local and global CFS (Center of Financial Services), including but not limited to revenue deduction accrual, expense accrual, DOH (Days on Hand) calculation for local business, and SRV (Standard Revision Variance) calculation and its amortization schedule. Review D.1.1 and making an error correction when needed Keep track of financial impact of various key assumption changes such as foreign exchange rate, co-promotion fee, special price compensation, and incremental sales price Validate co-promotion fee calculation when actual payment request is made Control expenses to make sure the budget is spent in the most optimal way Respond various data request from CFS, or internal/external audit Collaboration with other department includes APAC Finance and global CFS. Local collaboration would mainly involve SCM, Commercial, RSA, and local CFS. Update P&L Dashboard / Cash Conversion Cycle (DOH, DSO & DPO) slides for monthly S&OP meeting. Assist Finance Director on other ad-hoc analysis or forecast, and finance decision support to other functions (e.g. new product launches, in-licensing or out-licensing deals, etc.) Minimum required: Minimum Bachelor’s degree Minimum 7 years in a financial/planning/accounting role Strong financial modelling, analytical, decision-making & project management abilities. Proficiency in advanced Excel skills is a must. Strong verbal & written English & presentation skills Ability to partner cross functionally, through strong relationship building & communication skills, with all levels of management. Possess positive energy & tenacity to drive toward successful delivery with minimal supervision. Display adaptability in quick grasping of understanding of how pharmaceutical business operates and able to easily shift gears from one action/deliverable to another. Curiosity to take deep dives into status quo and drive effective changes (even if it means establishing new processes or what hasn’t been done before). Experience in pharmaceutical industry – desirable 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:Korea > Seoul : SamTan Building, 421 Youngdong-daero, Gangnam-gu ADDITIONAL LOCATIONS: WORK SHIFT:Standard TRAVEL:Yes, 5 % of the Time MEDICAL SURVEILLANCE:Not Applicable SIGNIFICANT WORK ACTIVITIES:Not Applicable