Finance Lead, Alliance Accounting

AbbVie - North Chicago, IL

Full-time - Mid Level

North Chicago, IL

Chemical Manufacturing

About the position

The Finance Lead, Alliance Accounting, plays a crucial role in managing the financial planning and analysis processes for a portfolio of licensing arrangements within the Alliance Accounting group at AbbVie. This position is designed for a highly energetic and motivated individual who is eager to gain broad exposure and has the ability to work effectively with both internal and external stakeholders, including Senior Management. The Finance Lead will be responsible for ensuring that licensor payments and the associated reporting and planning obligations are prepared in a timely manner for review. This includes supporting Alliance Managers in the facilitation of deliverables outlined in licensing and collaboration agreements, which requires the development of procedures and methodologies to ensure consistent tracking of these agreements in accordance with contractual terms. In addition to managing financial reporting, the Finance Lead will develop financial models and presentations for analysis as required by Management, Legal, and Commercial teams, particularly in the context of contract negotiations and litigation issues. The role also involves coordinating with Global Commercial Finance to create models for various projections related to the assigned portfolio. The Finance Lead will review licensor payments to ensure compliance with corporate guidelines and will oversee the recording of royalty and milestone obligations associated with third-party agreements. The position includes managing one direct report, promoting their growth and development, and performing month-end close activities to ensure accurate recording of global royalty income and expenses. The Finance Lead will also support audit requests and ad-hoc internal projects, requiring strong analytical and organizational skills, as well as excellent interpersonal and communication abilities. Attention to detail, independent thought, and decision-making skills are essential, along with the ability to manage multiple priorities and deadlines effectively. A solid understanding of US Generally Accepted Accounting Principles is also required.

Responsibilities

• Ensure licensor payments and corresponding reporting and planning obligations are prepared timely for internal and external review by Senior Management.
• Support Alliance Managers with the agreements and facilitation of deliverables outlined in licensing and collaboration agreements.
• Develop procedures and methodology with 3rd party counterparties to ensure tracking for licensing and collaboration agreements is consistent with contractual terms.
• 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 licensing and collaboration agreements.
• Review licensor payments in accordance with corporate guidelines and submit for approval.
• Ensure royalty and milestone obligations associated with 3rd party licensing and collaboration agreements are met and properly recorded.
• Coordinate FP&A, tax, audit, and legal requirements associated with portfolio of assigned agreements.
• Manage one full-time direct report and help promote growth and development of employee.
• Review and 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.
• Support audit requests and ad-hoc internal projects.

Requirements

• Bachelor's degree in Finance or Accounting; CPA or MBA is a plus.
• Minimum 6+ years of progressive and related experience.
• Strong financial, analytical and problem-solving skills.
• Proficient in Excel and PowerPoint.
• Knowledge of BPC and SAP (or large ERP planning systems) is a plus.

Benefits

• Paid time off (vacation, holidays, sick)
• Medical/dental/vision insurance
• 401(k) to eligible employees
• Participation in short-term incentive programs