Senior Financial Analyst, Alliance Accounting

Company Description

About AbbVie

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 including immunology, oncology and neuroscience - and products and services in our Allergan Aesthetics portfolio. For more information about AbbVie, please visit us at . Follow @abbvie on LinkedIn, Facebook , Instagram , X and YouTube.

Job Description

The Senior Financial Analyst, Alliance Accounting, partners closely with 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

• 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 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 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.
• Performing 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

• Bachelor’s degree in accounting or finance required.
• CPA and/or MBA preferred but not required.
• Minimum 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.
• Proficiency in Microsoft Excel and PowerPoint.
• Experience with large scale ERP and planning systems such as BPC and SAP 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. ​

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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