Senior Manager, 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 www.abbvie.com. Follow @abbvie on LinkedIn, Facebook, Instagram, X and YouTube.

Job Description

As the Senior Manager, Alliance Accounting, you will play a highly visible leadership role at the intersection of finance and cross-functional collaboration. You will lead a team of two and serve as a key financial steward for AbbVie's portfolio of external collaboration and purchasing arrangements - partnering with Alliance Management, Legal, Treasury, Tax COE, and organizational finance teams across Commercial, R&D Alliance, R&D Medical Affairs, Operations, and Corporate.

In this role, you will drive the accurate and timely consolidation and reporting of internal non-R&D financial information, facilitate exchanges with external alliance partners and key internal stakeholder groups, and ensure these arrangements are administered in accordance with their contractual terms.

Responsibilities

• Oversee month-end close activities to ensure collaboration arrangements are properly recorded and balance sheet reconciliations are prepared in accordance with the close calendar.
• Collaborate cross-functionally with organizational finance teams, Alliance Management, Legal, Treasury and Tax COE to ensure collaboration arrangements are appropriately implemented and administered in accordance with their terms and conditions.
• Supervise the preparation of periodic alliance partner settlement packages, ensuring accuracy, timeliness and compliance with the terms and conditions of the collaboration arrangement.
• Coordinate internal stakeholder review and approval of settlement packages and facilitate the exchange and discussion of financial results directly with external alliance partners.
• Serve as a member, as needed, on finance working groups that support collaboration governance committees (e.g., joint steering, joint commercialization, joint manufacturing) on finance-related topics. Collaboration governance committees include senior AbbVie and alliance partner personnel.
• Ensure timely collection of collaboration settlement receivables and supervise the process for compiling supporting documentation and analyses to assess amounts received.
• Partner with Finance Business Development to evaluate and provide guidance on new collaboration arrangements, ensuring proper structure and financial treatment from inception.
• Support Commercial’s planning process for global royalty expense across all planning cycles including Plan, Update, / Latest Best Estimate (LBE), Long-Range Plan (LRP).
• Support the maintenance of an inventory of commercial milestones associated with AbbVie’s collaboration arrangements and partner with Alliance Management, R&D Alliance, and organizational finance teams to periodically reassess the estimated timing of achievement. As milestones are achieved, oversee the preparation of milestone payment packages to facilitate internal approvals.
• Consult with External Reporting and Technical Accounting on accounting matters and compile and provide financial information for collaboration-related footnote disclosures as required.
• Coordinate with AbbVie’s internal and external auditors and Tax COE for audit and accounting-related requirements as well as supporting AbbVie-initiated or alliance partner-initiated audits of collaboration arrangements.
• Perform ad hoc financial reporting and analysis and lead special projects or initiatives, as assigned, which vary based on AbbVie’s business transactions and priorities.

Qualifications

• Bachelor’s degree in Accounting or Finance required
  • CPA and/or MBA preferred but not required.
• 7-10 years of progressive experience in Finance and/or Accounting required
• Previous supervisory experience leading and developing a team.
• Strong analytical, problem-solving, and organizational skills, paired with exceptional interpersonal and communication abilities (ver