Senior Financial Analyst - 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.

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 supp