Senior Finance Analyst, Alliance Accounting

$80,500 - $153,000/Yr

AbbVie - North Chicago, IL

Full-time - Mid Level

North Chicago, IL

Chemical Manufacturing

About the position

The Senior Financial Analyst, Alliance Accounting at AbbVie plays a crucial role in managing a portfolio of licensing arrangements, collaborating with various finance teams and cross-functional departments. This position is responsible for ensuring accurate financial reporting, compliance with licensing terms, and optimizing financial processes to enhance efficiency and insights.

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 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.
• Ensures timely collection of royalty receivables and serves as the primary point of contact.
• Compiles supporting documentation and analyses to assess in-bound royalties received.
• Operates with a continuous improvement mindset and identifies and implements 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 leads special projects or initiatives, as assigned.

Requirements

• 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.

Benefits

• Paid time off (vacation, holidays, sick)
• Medical/dental/vision insurance
• 401(k)
• Short-term incentive programs