The Senior Financial Analyst, Alliance Accounting, partners closely with AbbVie’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.
Key Responsibilities:
For assigned portfolio of licensing arrangements:
· Perform month-end close activities to ensure global royalty income and expense are properly recorded including P&L review, variance analysis and balance sheet reconciliations.
· Assist in the preparation of Alliance Accounting’s quarterly balance sheet review materials.
· Prepare 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).
· Collaborate 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.
· Operate 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, prepare milestone payment packages as needed to facilitate internal approvals.
· Ensure timely collection of royalty receivables and serve as the primary point of contact.
· Compile supporting documentation and analyses to assess in-bound royalties received.
· Operate with a continuous improvement mindset and identify and implement solutions to optimize owned processes to drive speed, agility, and financial insights.
· Coordinating with AbbVie’s internal and external auditors and Tax COE for audit and accounting-related requirements as well as supporting AbbVie-initiated or licensor-initiated audits of licensing arrangements.
· Performing ad hoc financial reporting and analysis and leading special projects or initiatives, as assigned, which vary based on AbbVie’s business transactions and priorities.
Qualifications:
· Minimum 3+ years of progressive 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
· Proficiency in Microsoft Excel and PowerPoint
· Bachelor’s Degree in Accounting or Finance
· CPA and/or MBA preferred but not required
· Experience with large scale ERP and planning systems such as BPC and SAP preferred
AbbVie is committed to operating with integrity, driving innovation, transforming lives, serving our community, and embracing diversity and inclusion.
It is AbbVie’s policy to employ qualified persons of the greatest ability without discrimination against any employee or applicant for employment because of race, color, religion, national origin, age, sex (including pregnancy), physical or mental disability, medical condition, genetic information, gender identity or expression, sexual orientation, marital status, status as a protected veteran, or any other legally protected group status.
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