Financial Lead, Alliance Accounting

Company Description

AbbVie's mission is to discover and deliver innovative medicines and solutions 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, and eye care - and products and services in our Allergan Aesthetics portfolio. For more information about AbbVie, please visit us at www.abbvie.com. Follow @abbvie on X, Facebook, Instagram, YouTube, LinkedIn and Tik Tok (@abbvie) .

Job Description

The Finance Lead, Alliance Accounting will perform both the financial planning and actuals reporting and analysis, as required, for a portfolio of collaboration and purchasing arrangements managed by the Alliance Accounting group.

A primary function of the role is to assist the Senior Finance Manager, Alliance Accounting with the accumulation and the exchange of financial information between the collaboration partners as well as key internal stakeholder groups, including but not limited to Commercial, Operations, CADM, R&D, Medical Affairs and Alliance Management.

The role is highly visible to key internal and external stakeholders and requires a highly energetic and motivated individual willing to gain broad exposure.

Major Responsibilities :

Ensure licensor payments and corresponding reporting and planning obligations associated with an assigned portfolio of collaboration and purchasing arrangements are prepared timely for internal and external review by Senior Management assigned to the Joint Committees of the collaborations. This requires engagement with leaders of multiple organizations within AbbVie, including Commercial, Pricing, Operations, Marketing, R&D, Medical Affairs, Alliance Management, Treasury and Legal.

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.

Collaborate with Legal, Alliance Management, and the Finance Working Group to resolve ad-hoc issues and clarify contract grey areas not explicitly defined, ensuring alignment across stakeholders.

Support Alliance Managers with negotiating terms within the agreements and facilitation of deliverables outlined in the agreements. Requires development of procedures and methodology with 3rd party counterparties to ensure financial reporting and settlements are consistent with contractual terms.

Consult with Technical Accounting, Licensing and Business Development on new agreements and support finance and non-finance business partners with interpreting key clauses in agreements and clarifying their financial implications.

Develop models and presentations for financial analysis as required by Management, Legal, and Commercial for contract negotiations and litigation issues.

Coordinate with Global Commercial Finance to develop models for Plan / Update / LBE / LRP projections for assigned portfolio of collaboration and purchasing arrangements.

Prepare licensor payments in accordance with corporate guidelines and submit for approval. The Finance Lead must also ensure royalty and milestone obligations associated with 3rd party licensing and collaboration agreements are met and properly recorded.

The Finance Lead must coordinate FP&A, External Reporting, tax, audit, and legal requirements associated with portfolio of assigned agreements. Compile financial data for collaboration-related footnote disclosures as required.

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

Support audit requests and ad-hoc internal projects.

The position is a hybrid role base out of Lake County, IL

Qualifications

5 - 6 years of progressive accounting or financial experience required.

BS in Accounting or Finance. CPA, CMA, or MBA are strongly encouraged.

Strong analytical and organizational skills as well as a high degree of interpersonal and communication skills to work effectively with internal business units, external parties, and internal support functions.

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

Must be able to work well independently and in a team-oriented environment.

Experience with reviewing contracts, SOWs, 3rd party agreements preferred.

Experience with large scale ERP and planning systems such as BIP, BPC, SAP, SRM, Workiva preferred.

Additional Information

Applicable only to applicants applying to a position in any location with pay disclosure requirements under state or local law : ?

The compensation range described below is the range of possible base pay compensation that the Company believes in good faith it will pay for this role at the time of this posting based on the job grade for this position. Individual compensation paid within this range will depend on many factors including geographic location, and we may ultimately pay more or less than the posted range. This range may be modified in the future. ?

We offer a comprehensive package of benefits including paid time off (vacation, holidays, sick), medical / dental / vision insurance and 401(k) to eligible employees.?

This job is eligible to participate in our short-term incentive programs. ?

This job is eligible to participate in our long-term incentive programs?

Note : No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, incentive, benefits, or any other form of compensation and benefits that are allocable to a particular employee remains in the Company's sole and absolute discretion unless and until paid and may be modified at the Company's sole and absolute discretion, consistent with applicable law.

AbbVie is an equal opportunity employer and is committed to operating with integrity, driving innovation, transforming lives and serving our community.? Equal Opportunity Employer / Veterans / Disabled.

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Salary : $94,000 - $178,500