Biotech & Pharma E-3 Sponsorship Jobs in Illinois

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 (verbal and written) with a proven track record of building relationships and collaborating effectively across functions and with external partners.
• Proven ability to work independently, meet tight timelines and lead multiple projects while balancing competing priorities and customer/stakeholder demands.
• Strong attention to detail, independent and pro-active thought, and decision-making skills.
• Proficiency in Microsoft Excel, PowerPoint, and Workiva
• Experience with large scale ERP and planning systems such as BPC, BIP, 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