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Finance Manager, Alliance Accounting

Employer
AbbVie
Location
Lake County, Illinois
Start date
Feb 22, 2024

View more

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

Job Details

The Senior Manager, Alliance Accounting, partners closely with key internal stakeholders to administer a portfolio of collaboration and purchasing arrangements. The role is highly visible as it leads a team of two direct reports that executes the activities necessary to administer these arrangements with external alliance partners and works cross-functionally with key internal stakeholders as needed to support day-to-day operations and ad-hoc requests. Key internal stakeholders include Alliance Management, Legal, Treasury and Tax COE as well as organizational finance teams. Such organizational finance teams primarily include Commercial, R&D (both Alliance and Medical Affairs), Operations and Corporate. 

The primary function of this role is to coordinate the accumulation and consolidation of internal non-R&D financial information and facilitating the exchange and review thereof with external alliance partners and key internal stakeholder groups.

Key Responsibilities:

·         Oversee month-end close activities to ensure collaboration arrangements are properly recorded and balance sheet reconciliations are prepared in accordance with the close calendar.

·         Collaborate cross-functionally with organizational finance teams, Alliance Management, Legal, Treasury and Tax COE to ensure collaboration arrangements are appropriately implemented and administered in accordance with their terms and conditions.

·         Supervise the preparation of periodic alliance partner settlement packages, ensuring accuracy, timeliness and compliance with the terms and conditions of the collaboration arrangement. Coordinate the review and approval thereof by key internal stakeholders and facilitate the exchange and review thereof with external alliance partners.

·         Serve as a member, as needed, on finance working groups that support collaboration governance committees (e.g., joint steering, joint commercialization, joint manufacturing) on finance-related topics. Collaboration governance committees include senior AbbVie and alliance partner personnel.

·         Ensure timely collection of collaboration settlement receivables and supervise the process for compiling supporting documentation and analyses to assess amounts received.

·         Consult with Finance Business Development on new collaboration arrangements.

·         Support Commercial’s planning process for global royalty expense across all planning cycles (Plan/Update/LBE/LRP).

·         Support the maintenance of an inventory of commercial milestones associated with AbbVie’s collaboration arrangements and partner with Alliance Management, R&D Alliance and organizational finance teams to periodically reassess the estimated timing of achievement. As milestones are achieved, oversee the preparation of milestone payment packages to facilitate internal approvals.

·         Consult with External Reporting and Technical Accounting on accounting matters and compile and provide financial information for collaboration-related footnote disclosures as required.

·         Coordinate with AbbVie’s internal and external auditors and Tax COE for audit and accounting-related requirements as well as supporting AbbVie-initiated or alliance partner-initiated audits of collaboration arrangements.

·         Perform ad hoc financial reporting and analysis and lead special projects or initiatives, as assigned, which vary based on AbbVie’s business transactions and priorities.


·     Bachelor’s degree in Accounting or Finance; CPA and/or MBA preferred but not required.

·     7-10 years of progressive experience in Finance and/or Accounting

·     Previous supervisory experience leading a team and supervising personnel.

·     Requires strong analytical, problem solving and organizational skills as well as a high degree of interpersonal and communication skills (verbal and written) to collaborate effectively with key internal stakeholders and alliance partner personnel.

·     Demonstrated ability to work independently, meet tight timelines and lead multiple projects while balancing competing priorities and customer/stakeholder demands.

·     Attention to detail, independent and pro-active thought, and decision-making skills.

·     Demonstrated ability to build strong relationships with peers and key stakeholders and collaborate cross-functionally with partners outside of immediate team.

·     Proficiency in Microsoft Excel and PowerPoint

·     Experience with large scale ERP and planning systems such as BPC and SAP preferred.

AbbVie is committed to operating with integrity, driving innovation, transforming lives, serving our community, and embracing diversity and inclusion. It is AbbVie’s policy to employ qualified persons of the greatest ability without discrimination against any employee or applicant for employment because 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, status as a protected veteran, or any other legally protected group status.


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

Company info
Website
Phone
1-800-255-5162
Location
1 North Waukegan Road
North Chicago
Illinois
60064
US

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