JOB DESCRIPTION:Major Responsibilities:
- Monthly Analysis and Reports
- Collaborate with internal business partners to drive performance; preparation of realistic and reliable P&L forecasts, identification of risks, opportunities and contingency plans to ensure achievement of financial objectives. Attend monthly demand meeting to work with Sales & Marketing, and distribution team on the next 24-mth sales forecast. Use approved ADS to analyze revenue/margin versus benchmark and VGSAM trend graphs.
- Review monthly division P&L Report vs Plan/Update benchmark, analyze & investigate reasons for significant variances and take corrective actions as needed.
- Prepare monthly commentary to Area and Division on variances of Sales, P&L and Balance Sheet Actuals vs Plan/ Update benchmark.
- Prepare and submit monthly reports to Division Headquarters for headcount, capital authorizations, sales projections, and GM highlights
- Responsible for monthly management reports for In/To market sales by product, monthly distributor inventory levels by product, geographic P&L by region and city tier
- Review monthly sales LBE and compare with ADS forecast prior to the month-end closing and make suggestion options on actions to minimize gaps if required.
- Budget Control:
- Review Free Of Charge products, Rotation, invetory write offs and Trade discount programs actual expenditures vs benchmark for budget analysis. Address significant variances with sales team.
- Review monthly departmental expense tracking for actuals vs Plan/Update benchmark to assure compliance with budget.
- Review monthly sample detail report.
- Establish quarterly departmental expenses budget in E-Flow system. Review and approve requests for purchase / commitment of funds.
- Plan/ Update Preparation
- Lead the completion of the Plan/ update process. Prepare Plan/Update information packages, variance analysis, and presentation materials.
- Strategic and capital planning for office space / expansion projects.
- Process Improvement
- Lead enhancement and further development to the current systems for returns on investment analysis by City / by Region// by Channel mix.
- Prepare ad hoc reports from Division Headquarter/ management.
- Identifying & implementing synergies on costs and other productivity enhancements within the business unit.
Minimum Education Required:
University degree with an additional Professional Accounting qualification (CPA, ACCA, ACA) or MBA is preferred
Minimum Experience Required:
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Previous experience working within a Multi-national corporation is preferred
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8-10 years working experiences of which at least 3-4 should be in a managerial capacity.
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Excellence in oral and written English
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Excellence in MS office tools. Hands-on experience with Hyperion, Essbase and other financial tools will be a plus.
The base pay for this position is
N/A
In specific locations, the pay range may vary from the range posted.
JOB FAMILY:Financial Planning and Analysis
DIVISION:
LOCATION:China > Shanghai : 388 W. Nanjing Road, Ciros Plaza
ADDITIONAL LOCATIONS:
WORK SHIFT:Standard
TRAVEL:Not specified
MEDICAL SURVEILLANCE:Not Applicable
SIGNIFICANT WORK ACTIVITIES:Not Applicable
What We Do
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 109,000 colleagues serve people in more than 160 countries.
