Senior Finance Analyst, Alliance Accounting Job at AbbVie in North Chicago

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.

Job Description

The Senior Financial Analyst, Alliance Accounting, partners closely with the company'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. 

Responsibilities

• Performs month-end close activities to ensure global royalty income and expense are properly recorded including P&L review, variance analysis and balance sheet reconciliations.
• Assists in the preparation of Alliance Accounting’s quarterly balance sheet review materials.
• Prepares 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).
• Collaborates 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.
• Operates 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, prepares milestone payment packages as needed to facilitate internal approvals.
• Ensures timely collection of royalty receivables and serve as the primary point of contact.
• Compiles supporting documentation and analyses to assess in-bound royalties received.
• Operates with a continuous improvement mindset and identify and implement solutions to optimize owned processes to drive speed, agility, and financial insights.
• Coordinates with company’s internal and external auditors and Tax COE for audit and accounting-related requirements as well as supporting company-initiated or licensor-initiated audits of licensing arrangements.
• Performs ad hoc financial reporting and analysis and leading special projects or initiatives, as assigned, which vary based on company’s business transactions and priorities.
   

 

Qualifications

Qualifications

List required and preferred qualifications (up to 10). Include education, skills and experience.

• Bachelor’s degree required. Bachelor's degree in Finance or Accounting preferred.
• CPA and/or MBA preferred but not required.
• Preferred 4+ years of progressive and related 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.
• Proficient Excel skills required.
• Knowledge of SAP and BPC a plus.

Additional Information

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

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• 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. ​

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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, 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.

US & Puerto Rico only - to learn more, visit https://www.abbvie.com/join-us/equal-employment-opportunity-employer.html 

US & Puerto Rico applicants seeking a reasonable accommodation, click here to learn more:

https://www.abbvie.com/join-us/reasonable-accommodations.html