IT - Finance and Contract Manager

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.

Our location in Lake County currently has an opportunity for an IT - Finance and Contract Manager.


The BTS IT Supplier Management Office (SMO) drives integration between IT Leadership, IT Operations, Procurement, and contracted Service Providers while ensuring receipt of services in accordance with outsourcing agreements. The SMO optimizes contract, performance, financial, and relationship management processes building a foundation to resolve issues, monitor contract compliance, drive continuous improvement, and guide the relationship with the providers.

The role of the Finance and Contract Manager is to drive transparency into IT financials by leveraging contractual and financial insights. This role also guards the commercial relationship and administers commercial and financial arrangements with the Service Providers to include billing, invoicing, performance/penalty adjustments and internal chargebacks where appropriate. This includes the reporting of actuals and forecasting; supporting pricing renegotiation; and modeling for what if scenarios. Successful candidates will offer a strategic perspective, sound business and finance judgment, deep analytical capabilities, and an energetic and collaborative working style.

This role requires the resource to influence and partner with executive and senior IT leadership and key Abbott 3rd party providers. The role will exercise latitude in the approach to problem solving.

Core Job Responsibilities
  • Leads the successful execution of strategic and operational objectives of the BTS SMO and Office of the CIO which are in alignment with the tenets and drivers of the BTS organization and it's business partners
  • Drives continuous improvement activities and implementations across functional areas. Executes spend management and cost analysis processes with a focus on cost optimization
  • Leads other aspects of Strategic Finance, as directed by team leadership including technology business management processes
  • Owns the end-to-end construction of financial modeling/reconciliations to support business cases and budgetary decisions
  • Prepares highly professional and streamlined materials for leadership reviews enabling the evaluation of key initiatives
  • Provides day to day support of financial planning in accordance with the contractual terms and conditions of the managed services agreements
  • Provides standard budgetary and rebate support including up to date spend and balance metrics
  • Supports contract negotiation efforts led by global procurement and ensures vendor agreements/ supplier agreements comply to BTS financial strategies, policies and practices

Minimum Education and Experience Required:

The successful candidate for this position will have the following experiences and expertise:
  • 6-8 years of relevant finance, corporate development / strategy, or consulting experience
  • Exposure to financial aspects of outsourcing and professional services agreements such as rate structures and pricing strategies
  • Hands-on experience in executing sourcing strategy, performance analysis and contract management, developing and managing budget control/pricing models, and maintaining
  • supplier and stakeholder relationships
  • Superior data mining and analytical capabilities including experience building and maintaining complex financial models
  • Talent for synthesizing complex ideas and communicating them in ways others can easily understand (both verbally and via email/presentation)
  • Experience in packaging high-quality documents with a meticulous attention to detail
  • Possesses superior organizational skills and the ability to manage multiple objectives with shifting deadlines and priorities
  • Track record of influencing, preparing and presenting key messages to internal and external executives and senior stakeholders
  • Demonstrated diplomacy and effectiveness when working in a matrix environment
  • Exceptional people skills.
  • A positive, energetic, can-do attitude and collaborative mindset is essential
  • Highly dependable, with ability to drive open items to conclusion in an autonomous work environment
  • Must be proactive, resourceful, and demonstrate intellectual curiosity
  • Clear thinker who anticipates and develops strategies for anticipated future consequences and trends

Tool/Technology Requirements:
  • Microsoft Office Suite
  • MS Excel and power point super user
  • Power BI
  • University degree in business finance, computer science, or equivalent; advanced degree beneficial


At Abbott, you can have a good job that can grow into a great career. We offer:
  • Training and career development, with onboarding programs for new employees and tuition assistance
  • Financial security through competitive compensation, incentives, and retirement plans
  • Health care and well-being programs including medical, dental, vision, wellness, and occupational health programs
  • Paid time off
  • 401(k) retirement savings with a generous company match
  • The stability of a company with a record of strong financial performance and history of being actively involved in local communities

Learn more about our benefits that add real value to your life to help you live fully:

Follow your career aspirations to Abbott for diverse opportunities with a company that provides the growth and strength to build your future. Abbott is an Equal Opportunity Employer, committed to employee diversity.

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