Finance Director, Alliance Accounting

BioSpace; North Chicago (IL); On-site; USD 150,000 - 210,000; Full time

Benefits offered by this job

Medical/dental/vision insurance

401(k) retirement plan

Paid time off

Job summary

AbbVie in North Chicago, IL seeks a Director of Alliance Accounting to lead a team providing accounting and finance support for a portfolio of commercialized licensing arrangements. You will partner with Alliance Management, Therapeutics, Legal, Tax, Business Development, and R&D Finance to ensure accurate reporting, timely payments, and strong financial stewardship.

The role emphasizes governance of royalty income/expense, milestone payments, and collaboration across functions to mitigate risks

Qualifications

• Bachelor's degree in Accounting or Finance.
• CPA and/or MBA is 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.

Responsibilities

• Lead month-end close activities for a portfolio of licensing arrangements and record royalty income and expenses.
• Oversee processing of royalty, profit-share, and milestone payments and collection of inbound royalties.
• Maintain milestone inventory, reassess timing with stakeholders, and forecast cash flows across planning cycles.
• Support Commercial planning cycles by forecasting royalty expense and responding to ad hoc requests.
• Coordinate with Alliance Management to review internal financial information with external partners and internal stakeholders.
• Serve as finance lead for joint commercial and strategic committee groups and act as licensing agreements subject matter expert.
• Support Legal with ad hoc licensing- related requests and assist audits with required data.

Skills

Analytical skills

Problem-solving

Organizational skills

Interpersonal skills

Communication skills

Education

Bachelor's degree in Accounting or Finance

CPA or MBA preferred but not required

Tools

Microsoft Excel

PowerPoint

Workiva

SAP

BPC

Job 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 atwww.abbvie.com. Follow @abbvie onLinkedIn,Facebook,Instagram,XandYouTube.

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 including immunology, oncology and neuroscience - and products and services in our Allergan Aesthetics portfolio. For more information about AbbVie, please visit us atwww.abbvie.com. Follow @abbvie onLinkedIn,Facebook,Instagram,XandYouTube.

Job Description

As the Director, Alliance Accounting, you will lead a team responsible for providing accounting and finance support for AbbVies 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

• Bachelors degree in Accounting or Finance; CPA and/or MBA preferred but not required.
• 710 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

• The compensation range described below is the range of possible base pay compensation that the Companybelieves ingood faith it will pay for this role at the timeof this posting based on the job grade for this position.Individualcompensation paid within this range will depend on many factors including geographic location, andwemayultimatelypaymore or less than the posted range. This range may bemodifiedin thefuture.
• We offer a comprehensive package of benefits including paid time off (vacation, holidays, sick),medical/dental/visioninsurance and 401(k) to eligibleemployees.
• This job is eligible toparticipatein our long-term incentiveprograms.

Note: No amount of payis considered to bewages or compensation until such amount is earned, vested, anddeterminable.The amount and availability of any bonus,commission, incentive, benefits, or any other form ofcompensation and benefitsthat are allocable to a particular employeeremainsin the Company's sole andabsolutediscretion unless and until paid andmay bemodifiedat the Companys sole and absolute discretion, consistent withapplicable 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, visithttps://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