AbbVie

Financial Analyst, R&D Financial Reporting

Employer
AbbVie
Location
Lake County, IL, United States
Posted
Oct 30, 2020
Ref
2008020
Discipline
Administration, Finance
Required Education
Bachelors Degree
Position Type
Full time
About AbbVie
AbbVie's mission is to discover and deliver innovative medicines that solve serious health issues today and address the medical challenges of tomorrow. We strive to have a remarkable impact on people's lives across several key therapeutic areas: immunology, oncology, neuroscience, eye care, virology, women's health and gastroenterology, in addition to products and services across its Allergan Aesthetics portfolio. For more information about AbbVie, please visit us at www.abbvie.com . Follow @abbvie on Twitter , Facebook , Instagram , YouTube and LinkedIn .

Purpose:

The R&D HQ Finance team manages a budget of ~ $4Bn, which includes ~ $1.5Bn for AbbVie Global Clinical Studies. The Financial Analyst, R&D Financial Reporting is responsible for a variety of accounting tasks to support Actual & Tax reporting for the R&D function, utilizing multiple financial and reporting systems. The role includes responsibility for submission of the R&D Tax Credit and all other required Tax filings for R&D, audit support for all Internal & External Finance audits, Fixed Asset support (including retirement and transfer of R&D assets, and coordination of the Fixed Asset verification for R&D), and monitoring of overdue Concur transactions for all R&D employees.

Key Responsibilities include:
  • Responsible for preparation of the R&D Tax Credit (annual submission of Federal & State Tax Credit packages). Reviews cost elements flagged as Non-Qualified accounts, to identify additional qualifying expenses throughout the year. Requests reclass of expenses in order to maximize the credit, reviews cost centers with reported project hours below 80%, maintains support documentation as mandated for 10 years post filing, and collects & calculates data in preparation of the Illinois State Tax Credit filing.
  • Responsible for completion of the State and Federal Tax questionnaires, with information from the R&D general ledger (SAP).
  • Assists in compiling and providing all audit documentation to FSS (Finance Shared Services), in response to audit requests from Internal & External auditors.
  • Responsible for Fixed Asset support, including review and approval of Maximo service requests for accuracy, and retirement/transfer of assets. Ensures assets with remaining life are noted for storage and redeployment. Responsible for aged/obsolete asset cleanup, and the annual R&D asset verification.
  • Responsible for independently managing all other Tax requirements for R&D. Includes (but not limited to): Quarterly submissions of Clinical & Drug Safety Grant analysis of domestic payments and quarterly estimates; Annual submissions of Information and Technology (ICT), Foreign-based schedule, Boycott questionnaire, UK AFR Clinical Report, Schedule B - U.S. Reporter's Purchases of Selected Services, and New Technology & Milestone payments.
  • Monitors Concur overdue travel transactions for all R&D employees, notifies employees of overdue CTE travel transactions, and follows up to resolve delinquent expenses.

Qualifications

Qualifications:
  • Bachelor's degree required. Bachelor's degree in Accounting or Finance preferred.
  • CPA preferred but not required.
  • Minimum 2+ year's related accounting experience required.
  • Knowledge of basic accounting principles
  • Advanced Excel skills
  • Strong oral and written communication skills
  • Ability to work under minimal supervision in day-to-day activities, and effectively manage time to complete all deliverables on time

Preferred:
  • SAP experience
  • CPA preferred but not required.
  • Knowledge of Tax accounting principles

Key AbbVie competencies:
  • Builds strong relationships with peers
  • Learns fast, grasps the "essence," and can change course quickly where indicated
  • Raises the bar and is never satisfied with the status quo
  • Creates a learning environment, open to suggestions and experimentation for improvement
  • Embraces the ideas of others, nurtures innovation, and manages innovation to reality

Significant Work Activities
Continuous sitting for prolonged periods (more than 2 consecutive hours in an 8 hour day)
Travel
No
Job Type
Experienced
Schedule
Full-time
Job Level Code
IC
Equal Employment Opportunity
At AbbVie, we value bringing together individuals from diverse backgrounds to develop new and innovative solutions for patients. As an equal opportunity employer we do not discriminate on the basis of race, color, religion, national origin, age, sex (including pregnancy), physical or mental disability, medical condition, genetic information gender identity or expression, sexual orientation, marital status, protected veteran status, or any other legally protected characteristic.