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Associate Finance Lead

Employer
AbbVie
Location
North Chicago, Illinois
Start date
Nov 30, 2022

View more

Discipline
Administration, Accounting, Finance
Required Education
Bachelors Degree
Position Type
Full time
Hotbed
BioMidwest, Best Places to Work
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Job Details


The Associate Finance Lead, Alliance Accounting, partners closely with AbbVie’s organizational finance teams to administer a portfolio of in-bound and out-bound licensing arrangements. Such organizations primarily include the Commercial and Aesthetics finance teams but may also include Operations and Corporate. The role is highly visible as it executes the activities necessary to administer these arrangements with external licensors/licensees and works cross-functionally with Alliance Management, Legal, Treasury and Tax COE as needed to support day-to-day operations and ad-hoc requests. 
Key Responsibilities:
For assigned portfolio of licensing arrangements:
•    Perform month-end close activities to ensure global royalty income and expense are properly recorded including P&L review, variance analysis and balance sheet reconciliations.
•    Assist in the preparation of Alliance Accounting’s quarterly balance sheet review materials.
•    Prepare global royalty rate and royalty expense analyses to support the Commercial planning process for global royalty expense across all planning cycles (Plan/Update/LBE/LRP).
•    Collaborate with cross-functional teams as such as Alliance Management, Legal, Treasury and Tax COE to ensure licensing arrangements are appropriately implemented and administered in accordance with their terms and conditions.
•    Operate independently to prepare periodic licensor reporting packages for royalty payments ensuring accuracy, timeliness and compliance with the terms and conditions of the licensing arrangement. Additionally, prepare milestone payment packages as needed to facilitate internal approvals.
•    Ensure timely collection of royalty receivables and serve as the primary point of contact.
•    Compile supporting documentation and analyses to assess in-bound royalties received.
•    Operate with a continuous improvement mindset and identify and implement solutions to optimize owned processes to drive speed, agility, and financial insights.
•    Coordinating with AbbVie’s internal and external auditors and Tax COE for audit and accounting-related requirements as well as supporting AbbVie-initiated or licensor-initiated audits of licensing arrangements.
•    Performing ad hoc financial reporting and analysis and leading special projects or initiatives, as assigned, which vary based on AbbVie’s business transactions and priorities.

 

 

 


•    Minimum 3+ years of progressive experience in Finance and/or Accounting
•    Ability to work well as part of a team and build strong relationships with stakeholders
•    Strong analytical, problem solving, and communication skills, with ability to work independently
•    Ability to take initiative and manage multiple priorities and deadlines
•    Strong organizational skills and attention to detail
•    Solid understanding of US Generally Accepted Accounting Principles
•    Proficiency in Microsoft Excel and PowerPoint
•    Bachelor’s Degree in Accounting or Finance
•    CPA and/or MBA preferred but not required
•    Experience with large scale ERP and planning systems such as BPC and SAP preferred

 

At AbbVie, we value bringing together individuals from diverse backgrounds to develop new and innovative solutions for patients. As an equal opportunity and affirmative action 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. If you would like to view a copy of the company’s affirmative action plan or policy statement, please email CorpJat_ABV@abbvie.com.


Company

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, and YouTube.

Stock Symbol: ABBV

Stock Exchange: NYSE

Find Us
Website
Phone
1-800-255-5162
Location
1 North Waukegan Road
North Chicago
Illinois
60064
US
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