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Finance Lead - R&D Finance, Clinical Development

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 – immunology, oncology, neuroscience, and eye care – and products and services in our Allergan Aesthetics portfolio. For more information about AbbVie, please visit us at www.abbvie.com. Follow @abbvie on XFacebookInstagramYouTubeLinkedIn and Tik Tok.

Job Description

The Finance Lead for R&D Finance  will support financial guidance in compliance with financial policies, prepares management analysis of actual vs. benchmark results, provides business decision support and leads key projects and initiatives to improve financial processes.  Clinical Development support the financial planning & analysis processes for Hematology Oncology study budgets. Finance Lead interacts with all levels of finance and R&D business management. Assists in required planning and reporting deliverables to meet R&D HQ FP&A requirements to adhere to AbbVie Corporate FP&A requirements

Responsibilities

  • Performs analysis of balance sheet of accrued clinical grants and help understand study trends.
  • Performs month end close for Clinical Grants and assist with compiling related commentary.
  • Provide assistance and support for Oncology Development Teams.

  • Pro-actively collaborates with the R&D organization to deliver financial commitments and identify / deliver strategic and growth value drivers within Oncology portfolio.

  • Assists in all aspects of monthly, quarterly, Plan and LRP (Long Range Plan) and LBEs (Latest Business Estimate) as required.

  • Supports relevant variance analysis for each planning cycle and develops meaningful management reporting schedules and ensures accuracy and predictability of results and key metrics.

  • Supports the financial discussions with R&D Therapeutic and Finance leadership providing insights for components of Clinical spend and implications of changes to enable informed decision-making.

  • Develops strong relationships with other key members of R&D and Global Finance organizations. 
  • Oversees SRM/Compass maintenance and help troubleshoot cost center issues.

Qualifications

  • Bachelor’s degree in Finance or Accounting. CPA or MBA a plus.
  • Minimum 6+ years of progressive and related experience.
  • Demonstrated ability to act as a trusted advisor and develop strategic insights to drive decisions.

  • Strong leadership and communication skills, with ability to scale and tailor information / communication styles based on customer needs / style.

  • Demonstrated ability to influence both up and down an organization.

  • Proven ability to work as part of a team and constructively challenge the status quo.
  • Self-starter with ability to operate independently, drive processes, identify and implement process improvements, establish and adjust priorities to achieve objectives and operate with speed and agility.
  • Ability to identify process improvement opportunities and aptitude for continuous improvement and change.
  • Strong financial, analytical and problem solving skills.
  • Preferred, SAP & BPC experience.

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 short-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, 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.

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

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What You Should Know About Finance Lead - R&D Finance, Clinical Development, AbbVie

Are you ready to take your finance expertise to the next level? AbbVie is on the lookout for a Finance Lead in R&D Finance focusing on Clinical Development, located in beautiful North Chicago, IL! As a key player in this role, you will support financial guidance while ensuring compliance with our policies. Imagine being at the forefront of innovative healthcare solutions, analyzing data, and preparing insightful management reports that drive impactful business decisions. In your day-to-day, you'll dive into the financial planning and analysis processes for Hematology Oncology study budgets, collaborating with diverse teams across the organization. Your knack for balancing numbers will shine as you perform analyses on clinical grants and assist in month-end closures, all while proactively identifying opportunities for process improvements. If you thrive in a fast-paced environment, possess strong communication skills, and are driven to foster team relationships, this is the perfect opportunity to showcase your abilities. Your work will not only influence financial commitments but also impact lives—making every effort worthwhile. Join AbbVie and be part of something extraordinary!

Frequently Asked Questions (FAQs) for Finance Lead - R&D Finance, Clinical Development Role at AbbVie
What are the responsibilities of a Finance Lead - R&D Finance at AbbVie?

The Finance Lead - R&D Finance at AbbVie is responsible for supporting financial guidance, performing analyses on clinical grants, and preparing management reports. They will collaborate closely with R&D teams to deliver on financial commitments for Hematology Oncology studies, and lead initiatives to improve financial processes while ensuring compliance with corporate financial policies.

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What qualifications are needed for the Finance Lead position at AbbVie?

To qualify for the Finance Lead - R&D Finance position at AbbVie, candidates should have a Bachelor’s degree in Finance or Accounting, with a preference for CPA or MBA credentials. A minimum of 6 years of progressive experience in finance roles is essential, along with strong leadership skills, excellent communication abilities, and proficiency in strategic decision-making.

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How does AbbVie support the finance planning and analysis process?

AbbVie empowers the Finance Lead in R&D Finance to take charge of financial planning and analysis within the Hematology Oncology budget framework. This includes supporting monthly and quarterly planning cycles, conducting variance analysis, and ensuring the accuracy of financial forecasts and metrics, which are crucial for informed investment decisions.

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What skills are essential for success as a Finance Lead at AbbVie?

Success as a Finance Lead - R&D Finance at AbbVie requires strong financial acumen, excellent analytical and problem-solving skills, and the ability to influence stakeholders across the organization. Candidates should be self-starters who can operate independently and effectively manage competing priorities while driving improvements in financial processes.

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What role does collaboration play for a Finance Lead at AbbVie?

Collaboration is a cornerstone of the Finance Lead - R&D Finance's role at AbbVie. This position involves working closely with R&D and Finance leadership to provide insights on clinical spending and financial implications, ensuring that all decisions made are backed by solid financial data and strategic insights.

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Common Interview Questions for Finance Lead - R&D Finance, Clinical Development
Can you describe a time you successfully led a financial analysis project?

When answering this question, consider providing a specific example that outlines the project objectives, your analytical approach, the challenges faced, and how you influenced key decisions with your insights. Highlight the results, especially any improvements in processes or financial outcomes.

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How do you prioritize tasks when dealing with multiple financial reports and deadlines?

Discuss your planning and organizational skills, mentioning tools or techniques you use to keep track of deadlines and projects. Emphasize your ability to communicate effectively with teams to manage priorities and ensure that all reports are submitted timely.

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What experience do you have with variance analysis?

Provide an example of a time you conducted a variance analysis, explaining how you performed the analysis, the insights you derived, and how those insights led to impactful decision-making. This demonstrates your practical experience and analytical thinking.

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How would you approach a situation where there is a significant deviation in financial forecasts?

Outline your approach to investigating the cause of the deviation, including gathering data, consulting with relevant team members, and analyzing the financial implications. Highlight that you would communicate findings transparently to stakeholders and suggest actionable solutions.

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Describe your experience with financial software such as SAP or BPC.

Share your familiarity with financial software, including how you have leveraged these tools for financial reporting, budgeting, or forecasting. If you had any specific projects utilizing SAP or BPC, mention those details to provide context to your experience.

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In your opinion, what is the role of a Finance Lead in driving process improvements?

Discuss your belief that a Finance Lead should actively seek opportunities for efficiency and effectiveness in financial processes. You can mention specific areas where you've implemented improvements in the past or ideas you have for future enhancements.

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How do you ensure compliance with financial policies and regulations?

Explain the importance of staying up-to-date with financial policies and regulations. Describe methods you employ for compliance, including regular audits, consultations with compliance departments, and adherence to documented procedures in your workflow.

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What strategies do you use to communicate complex financial data to non-financial teams?

Highlight the importance of breaking down complex financial information into understandable terms. Share strategies like using visual aids, summarizing key points, and tailoring your communication style based on the audience's expertise level.

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How do you adapt your leadership style to different team members?

Discuss how recognizing the different working styles and communication preferences of your team members allows you to adapt your approach. Emphasize the importance of building trust and rapport for effective collaboration.

Join Rise to see the full answer
Why do you want to work as a Finance Lead for R&D Finance at AbbVie?

Share your passion for the pharmaceutical industry and how AbbVie's commitment to innovation aligns with your career aspirations. Highlight how this role fits your skills and goals, and express your enthusiasm for contributing to a company that positively impacts global health.

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AbbVie’s mission is to discover and deliver innovative medicines 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: i...

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Full-time, on-site
DATE POSTED
March 18, 2025

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