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Director, Specialty Price Forecasting

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

Primary Job Function:

Position leads Specialty Price Forecasting team (Creon, Linzess, Mavyret, and mature brands) supporting the commercial brands and finance teams for all Gross-to-Net (GTN) sales planning and reporting.  Estimate/review all rebates/discounts for products.  Provide ad hoc financial analysis as needed.  Prepare all required schedules for Plan/LBE/LRP.  Train and lead team. The position will have four direct reports and will lead complex and critical processes that requires a high level of communication with teams and other organizations.

 

Core Job Responsibilities:

Responsibilities will include, but are not limited to:

  1. Lead all aspects for planning and reporting for Specialty products for Plan, LBE and LRP. 
  2. Full responsibility for detailed forecast of products within Specialty portfolio.
  3. Work closely with Market Access and pricing to review GTN forecast.
  4. Attend LBE meetings and Plan/LRP meetings with the brand teams.  Primary contact for brand team for any pricing related questions.
  5. Conduct and/or review price scenario analysis for various planning cycles.
  6. Assist in and/or review ad hoc analysis as requested on various marketing initiatives.
  7. Work with forecasting and commercial finance to present a consolidated net sales message.
  8. Coordinate all team monthly tasks and responsibilities.
  9. Provide leadership and support for the Specialty reserve balance sheet process.
  10. Drive operational excellence and continuous improvement.
  11. Train, mentor and develop direct reports and other team members. Create an environment that attracts, retains, and motivates a diverse and highly talented workforce.
  12. Provide ad hoc support as needed for any systems related projects and various outside requests.

 

Supervisory/Management Responsibilities:

There will be four direct reports for this position. This position manages complex and critical processes. This requires a high level of communication with other teams and functional groups including volume forecasting, commercial brand teams, finance, and market access.

 

Position Accountability/Scope:

The incumbent is responsible to provide financial leadership to the Specialty brand teams in development of the Plans, LRPs and LBEs.  This position directly supports the brand teams and reports to the Director, U.S. Therapeutics Price Forecasting. The incumbent is expected to operate independently to accomplish the goals and responsibilities of the position; however constant alignment with the Director is critical due to the nature of the role.  In addition, the Director, Specialty Price Forecasting has freedom to independently set priorities so that both planned and unplanned departmental objectives are achieved. This position supports and communicates with all levels of operating and financial management on an on-going basis. 

Qualifications

Skills/Experience Requirements:

Basic Qualifications:

12+ years of progressive Accounting/Finance.

The candidate must also possess the following skill sets:

• The ability to interact with and support senior level management and to partner effectively and independently in a matrix organization.

• Strong organizational, analytical, problem solving, planning and decision making skills.

• Extensive interpersonal skills and excellent verbal and written communication skills.

• Strong Excel and PowerPoint technical and content strategy skills. 

• Strong broad systems knowledge across a wide range of technology.

• The ability to manage and coordinate multiple activities and shifting priorities under tight timeframes.

• A highly motivated self-starter who can translate broad directions into high quality analytical output.

• Open to new ideas, creative and utilizes value-added principles in approach.

 

Preferred Qualifications:

Prefer experience in pricing, forecasting, or FP&A.

 

Education Requirements:

BA/BS in Finance or Accounting.  MBA/CPA 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 short-term incentive programs. ​

  • 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, 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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Average salary estimate

$135000 / YEARLY (est.)
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$120000K
$150000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Director, Specialty Price Forecasting, AbbVie

Are you ready to take your career to the next level and make a genuine impact in the healthcare landscape? At AbbVie, we’re on a mission to deliver innovative medicines that address some of the world’s most pressing health challenges. We’re currently looking for a Director of Specialty Price Forecasting to join our dynamic team in Mettawa, IL. In this pivotal role, you will lead the Specialty Price Forecasting team while collaborating closely with commercial brands and finance teams to provide expert insights and comprehensive reporting on Gross-to-Net (GTN) sales planning. You’ll take charge of estimating and reviewing product rebates and discounts, crafting detailed forecasts for our Specialty portfolio, and conducting price scenario analyses. Your leadership skills will shine as you mentor your four direct reports and drive operational excellence across complex processes. As the primary contact for pricing-related inquiries, you’ll work with various teams and stakeholders to create a consolidated net sales message that fosters alignment. With a diverse and talented workforce, AbbVie values creativity, teamwork, and innovation. If you have a robust background in finance or accounting, preferably with experience in pricing or forecasting, and hold an MBA or CPA, we want to hear from you! Join us at AbbVie and help us transform lives through science.

Frequently Asked Questions (FAQs) for Director, Specialty Price Forecasting Role at AbbVie
What are the key responsibilities of the Director, Specialty Price Forecasting at AbbVie?

The Director, Specialty Price Forecasting at AbbVie will lead all aspects of planning and reporting for Specialty products, ensuring comprehensive forecast accuracy. This includes collaborating with teams for GTN forecasting, attending key brand meetings, conducting price scenario analysis, and managing the Specialty reserve balance sheet process. Such multifaceted responsibilities require strong communication skills and the ability to engage effectively with cross-functional teams.

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What qualifications are necessary for the Director, Specialty Price Forecasting position at AbbVie?

To be successful as a Director in Specialty Price Forecasting at AbbVie, candidates are expected to have at least 12 years of progressive experience in finance or accounting. A bachelor's degree in Finance or Accounting is a must, with an MBA or CPA preferred. Skills in problem-solving, communication, Excel, and PowerPoint are critical, along with a proven track record of navigating complex environments to drive advancements and achieve financial goals.

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How will the Director, Specialty Price Forecasting contribute to AbbVie's financial strategy?

The Director of Specialty Price Forecasting plays a crucial role in AbbVie's financial strategy by ensuring accurate forecasting and effective management of GTN sales planning. Through diligent analysis and reporting, the director will help shape the financial outlook for Specialty products, supporting the brand teams in decision-making processes that align with AbbVie's mission to innovate healthcare solutions.

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What is the work environment like for the Director, Specialty Price Forecasting at AbbVie?

At AbbVie, the work environment for the Director of Specialty Price Forecasting is collaborative and fast-paced. The role demands interaction with varied teams, fostering a culture of communication and teamwork. With a focus on continuous improvement and operational excellence, the director will also mentor team members, creating an inclusive atmosphere that motivates a diverse workforce to excel.

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What opportunities for growth exist for the Director, Specialty Price Forecasting at AbbVie?

AbbVie offers significant opportunities for professional growth for the Director, Specialty Price Forecasting. As a leader in a prominent pharmaceutical company, you will have the chance to refine your strategic thinking, enhance your leadership capabilities, and engage in complex financial analyses that directly impact the company’s success. Continuous learning and development are prioritized, enabling you to advance your career within a dynamic and innovative organization.

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Common Interview Questions for Director, Specialty Price Forecasting
Can you describe your experience with GTN sales forecasting and its impact on planning?

In my previous roles, I have conducted extensive GTN sales forecasting, which is crucial for the financial planning process. By analyzing historical data and market trends, I have been able to provide insights that have directly influenced strategic decisions and enhance revenue management. It's important to illustrate how these forecasts not only support the sales planning but also align with corporate goals.

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How do you manage competing priorities while leading a team?

Managing competing priorities is about effective communication and organization. I prioritize tasks based on urgency and strategic impact while maintaining transparency with my team. It's also crucial to delegate effectively and ensure that everyone is aligned with the overall goals, allowing for collaboration to tackle any challenges together.

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What strategies do you use for effective team leadership in a finance setting?

Effective team leadership in finance requires a combination of strong analytical skills and the ability to inspire and motivate. I focus on clear communication of objectives, regular feedback sessions, and fostering an environment where team members feel empowered to contribute ideas. Encouraging professional development and creating a culture of collaboration enhances team performance.

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Discuss a complex pricing scenario you have handled.

In a previous job, I handled a complex pricing scenario where market conditions necessitated reevaluating our strategy. I conducted a thorough market analysis, analyzed historical pricing data, and collaborated with stakeholders to develop a new pricing framework that aligned with our long-term business goals. Discussing the challenges faced and solutions implemented can showcase your analytical thinking and problem-solving skills.

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How do you approach training and mentoring team members?

I believe in a hands-on approach to training and mentoring. I assess each team member's strengths and areas for improvement, then tailor my guidance to promote their growth. Regular check-ins and constructive feedback help foster their development. Sharing real-world examples can further enhance their appreciation for the complexities of the role.

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What role does analysis play in your forecasting process?

Analysis is fundamental in forecasting. I rely heavily on data to drive my assumptions and projections. This involves understanding market dynamics, historical performance, and competitor actions. Discussing specific analytical tools or methodologies you employ can demonstrate your expertise to the interviewers.

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How do you ensure alignment between finance and marketing teams?

I ensure alignment by fostering open communication and collaborative planning sessions between finance and marketing teams. Regular meetings to review objectives and strategies help maintain alignment while addressing issues proactively. It's crucial to share insights and data that can inform marketing campaigns and sales strategies effectively.

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Describe your approach to continuous improvement.

My approach to continuous improvement involves regularly reviewing processes, soliciting feedback, and embracing new ideas. I believe in conducting root cause analysis for any discrepancies in forecasting, ensuring lessons learned are communicated and implemented for future initiatives. Showcasing specific improvements you've implemented previously can strengthen your answer.

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What types of software and tools have you used for financial analysis?

I have experience using various financial analytics tools such as Excel for modeling, Power BI for data visualization, and ERP systems for data management. Familiarity with these tools is essential, but emphasizing how you use them to derive business insights showcases your analytical capabilities.

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Can you provide an example of how you handled a conflict in your team?

In one instance, I encountered a disagreement between two team members regarding the direction of a project. I facilitated a meeting where each could present their perspectives. Encouraging open dialogue helped resolve the issue and brought about a consensus. This approach not only resolved the conflict but also fostered a stronger team dynamic.

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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
January 7, 2025

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