Finance Director, Alliance Accounting

AbbVie • North Chicago, IL • 4h ago

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, (https://www.linkedin.com/company/abbvie/) Facebook, Instagram (https://www.instagram.com/abbvie/) , X (https://twitter.com/abbvie) and YouTube. (https://www.youtube.com/user/AbbVie)

Job Description

As the Director, Alliance Accounting, you will lead a team responsible for providing accounting and finance support for AbbVie's portfolio of commercialized licensing arrangements. In this role, you will partner closely with various functions, including Alliance Management, Therapeutics, Aesthetics, Legal, Tax, Business Development, and R&D Finance to ensure accurate reporting, timely processing of payments, and strong financial stewardship of alliance-related activities.

Responsibilities:

Lead month-end close activities for a portfolio of commercialized licensing arrangements, ensuring accurate and timely recording of global royalty income and expense, as well as completion of balance sheet reconciliations.

Oversee the accurate and timely processing of royalty, profit-share, and milestone payments, including the collection of inbound royalties and milestone payments.

Maintain and regularly update an inventory of commercial milestones, reassess expected achievement timing with key internal stakeholders, prepare milestone cash flow forecasts across planning cycles, and oversee milestone payment package preparation.

Support Commercial planning cycles by forecasting global royalty expense and responding to ad hoc requests.

Partner with Alliance Management to coordinate the collection, consolidation, and review of internal non-R&D financial information and facilitate the exchange of information with external alliance partners and internal stakeholder groups.

Serve as the finance lead for joint commercial and strategic committee groups.

Act as the subject matter expert for the financial aspects of licensing agreements.

Support Legal by completing ad hoc requests related to licensing agreements.

Support internal and external audits by providing auditors with requested data and documentation.

Partner with Business Development to review new licensing agreements and identify opportunities to mitigate accounting and reporting risks.

Supervise, mentor, and develop a team of 10, including two direct reports.

Qualifications

Bachelor's degree in Accounting or Finance; CPA and/or MBA preferred but not required.

7-10 years of progressive experience in Finance and/or Accounting.

Prior supervisory experience leading and developing a team.

Strong analytical, problem-solving, and organizational skills.

Strong interpersonal and communication skills, with a proven ability to build relationships and collaborate effectively across functions and with external partners.

Ability to work independently, manage multiple priorities, meet tight deadlines, and balance competing stakeholder demands.

Strong attention to detail and proactive, independent thinking.

Proficiency in Microsoft Excel, PowerPoint, and Workiva.

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 long-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.

US & Puerto Rico only - to learn more, visit https://www.abbvie.com/join-us/equal-employment-opportunity-employer.html

US & Puerto Rico applicants seeking a reasonable accommodation, click here to learn more:

https://www.abbvie.com/join-us/reasonable-accommodations.html

Salary: $160,500

AbbVie

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