FX Planning Sr. Analyst Jobs Abbott Laboratories America

We are a global, broad-based health care company devoted to discovering new medicines, new technologies and new ways to manage health. Our products span the continuum of care, from nutritional products and laboratory diagnostics through medical devices and pharmaceutical therapies. Our comprehensive line of products encircles life itself - addressing important health needs from infancy to the golden years.

Abbott has sales, manufacturing, research and development, and distribution facilities around the world, close to where our customers need us to be. We are recognized for our global reach and our ability to serve our customers around the world.

At Abbott, we provide the perspectives and experience necessary to translate science into real solutions for patients in over 130 markets worldwide. Today, Abbott's nearly 90,000 employees are doing work that matters.

FX Planning Sr. Analyst

Job Description

Mission Statement:

• Manage foreign exchange exposures generated by the Affiliate.
• Develop, implement, and maintain the foreign exchange exposure management system similar to the processes currently in place for ALOG.
• Responsible for hedging foreign currency exposures to minimize the impact of changes in exchange rate movements on earnings.
• Coordination of foreign exchange exposure forecasting, development of hedge plans for forecasted exposures, and communication of the exposures to Corporate Treasury for placement of internal trades.
• Evaluate and modify the process to reduce exposures and reduce costs.
• Develop Plans and Updates for key financing P&L and Balance Sheet line items.

Core Job Responsibilities:

1. Regularly review the foreign exchange exposures as a result of the distribution plan/strategies of the affiliate with local materials management personnel.
2. Consolidate the inputs into foreign exchange exposures, and develop a hedge plan to mitigate those exposures.
3. Prepare the Monthly Hedge form – FX Trade Request and forward to Corporate Treasury to cover the Affiliate’s exposures.
4. Adjust the hedges, as needed, prior to settlement to reduce exposures as forecasts are updated on status.
5. Work with Accounting to ensure that all foreign currency denominated assets and liabilities and related exchange gains and losses are properly recorded – see the B.2.0 Financial Procedure.
6. Support the Treasurer in the preparation of financing expense and income for APO for Plans, Updates, LBEs and LRPs.

Position Accountability / Scope:

• Reports to the APO Treasurer, who reports into the Director, Finance – APO, with dotted line reporting responsibility to the Distribution Area Treasurer.
• Total accountability and control of financing expense/income totalling over $140MM in interest expense and $4MM in exchange losses based on the 2012 Plan.
• The foreign exchange exposures are over $1.7 billion.
• The risk of mismanaging financing (debt/investment) activities or any one of the foreign currency exposures can cost Abbott as much as $10+ million.
• Knowledge of the structure, purpose and business relationships behind Abbott International Operations is required.

Skills/Experience Requirements

Experience:

1. 4 progressive years experience in Finance, Accounting; 1+ years in International Business or Treasury preferred.
2. Prior experience in an International Area or at an affiliate is preferred.
3. Must have the ability to interact with all levels of management and have strong verbal and communication skills.

Languages:

• Excellent command of English is essential, German and French as any other languages would be an asset

Skills:

• Excellent knowledge in accounting
• Good knowledge of Excel
• Good SAP knowledge
• Attention to details and accuracy.
• knowledge of auditing practices and principles
• Ability to work efficiently under pressure and towards strict deadlines without losing focus on accuracy and quality of work

Attitude / behaviour:

1. Pro-active behaviour
2. Close attention to rules and guidelines defined
3. Strong sense of responsibility and reliability
4. Work efficiently and independently
5. People and service-oriented attitude
6. Team working
7. detail oriented
8. judgment and problem solving

Education Requirements

• Bachelors degree in Finance or Accounting required
• MBA and/or CPA preferred

Submit Applications
Interested candidates who wish to join with Abbott Laboratories, please find out how to apply for Abbott Laboratories America Job Recruitment