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Finance Manager, 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 is the primary contact for brand and finance teams for Mavyret and Anti-Infectives (Teflaro, Avycaz,Dalvance) brands Gross-to-Net sales planning and reporting.  Estimate rebates/discounts for all 4 brands.  Provide ad hoc financial analysis as needed.  Prepare all required schedules for Plan/LBE/LRP. 

 

Core Job Responsibilities:

Responsibilities will include, but are not limited to:

  1. Lead all aspects for planning and reporting for these 4 brands rebates/discounts for Plan, LBE and LRP. 
  2. Update all monthly and Plan/LRP schedules.
  3. Assist with routine LBE submissions.
  4. Take the lead in forecasting all product rebate/discount rate and utilization for all payer channels. 
  5. Understand and discuss all price related variances on a monthly and plan cycle basis.
  6. Attend routine planning meetings and Plan/LBE/LRP meetings with the brand team.  Primary contact for brand team for any pricing related questions.
  7. Work with forecasting and commercial finance to present a consolidated net sales message.
  8. Additional ad-hoc project work and analysis.

 

Supervisory/Management Responsibilities:

There are no direct reports for this position. Rather, this position manages a complex and critical process. There is a significant individual contributor aspect to this position and requires a high level of communication with other teams and functional groups.

 

Position Accountability/Scope:

The incumbent is responsible for providing financial leadership to the brand team in development of the Plans, LRPs and LBEs.    This position reports to the Director, Specialty 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 Manager has a high degree of 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:

7+ 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 including a high energy level.

• Strong Excel and PowerPoint technical and content strategy skills. BPC and Power BI knowledge is a plus.

• 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 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

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Average salary estimate

$110000 / YEARLY (est.)
min
max
$100000K
$120000K

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 Finance Manager, Price Forecasting, AbbVie

Join AbbVie as a Finance Manager for Price Forecasting in Mettawa, IL, where you’ll become an integral part of our team dedicated to innovative financial solutions. In this role, you’ll lead the financial planning and reporting for key brands like Mavyret and Anti-Infectives, which means you’ll be at the forefront of estimating rebates and discounts to ensure our financial success. Your keen analytical skills will allow you to provide critical ad hoc financial analysis while preparing essential schedules for our plans. You will work collaboratively with both the finance and brand teams, diving into discussions about price-related variances and leading the forecasting efforts for product rebates across various payer channels. Having excellent interpersonal skills is crucial, as you’ll often be the primary contact for pricing inquiries and will participate in high-level planning meetings. This position not only requires a self-starter with exceptional organizational abilities but also someone who thrives in a collaborative environment. You’ll report to the Director of Specialty Price Forecasting and play a pivotal role in shaping the financial strategies that drive AbbVie's mission of addressing vital health challenges. With no direct reports, your freedom to set priorities and manage complex processes will be paramount, ensuring that both expected and unexpected departmental objectives are met. If you’re ready to make a significant impact in the healthcare industry through financial excellence, we want to hear from you!

Frequently Asked Questions (FAQs) for Finance Manager, Price Forecasting Role at AbbVie
What are the main responsibilities of a Finance Manager, Price Forecasting at AbbVie?

As a Finance Manager focusing on Price Forecasting at AbbVie, your primary responsibilities will include leading financial planning and reporting for brands like Mavyret and others. You will estimate rebates and discounts, prepare schedules for planning purposes, and conduct ad hoc financial analyses. Your role will also involve discussing price-related variances, forecasting product rebates, and collaborating with both finance and brand teams.

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What qualifications do I need to become a Finance Manager, Price Forecasting at AbbVie?

To qualify for the Finance Manager, Price Forecasting position at AbbVie, you should have over 7 years of progressive experience in Accounting or Finance, with a preference for exposure to pricing, forecasting, or FP&A. A BA/BS in Finance or Accounting is required, while an MBA or CPA is preferred. Strong analytical skills, excellent communication abilities, and proficiency in Excel and PowerPoint are crucial for success in this role.

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What skills are essential for a Finance Manager specializing in Price Forecasting at AbbVie?

Essential skills for the Finance Manager role at AbbVie include strong organizational and analytical capabilities, problem-solving skills, and the ability to effectively communicate with senior management. Proficiency in Excel and knowledge of financial analysis tools such as BPC and Power BI are advantageous. A proactive mindset and the ability to manage multiple priorities effectively are also important.

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What is the work environment like for a Finance Manager at AbbVie?

The work environment for a Finance Manager, Price Forecasting at AbbVie is collaborative and dynamic. You will work closely with brand and finance teams, engaging in regular planning meetings and discussions on pricing. While there are no direct reports under this position, the role demands significant individual contribution and effective communication across various levels of the organization.

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How can I prepare for an interview for the Finance Manager, Price Forecasting position at AbbVie?

To prepare for an interview for the Finance Manager, Price Forecasting position at AbbVie, focus on understanding the company's mission, key products, and the specific financial tools and strategies used within the organization. Be ready to discuss your relevant experience and how you would handle complex forecasting tasks, analyze data, and provide insights into pricing strategies.

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Common Interview Questions for Finance Manager, Price Forecasting
How do you approach financial forecasting?

When approaching financial forecasting, I begin by gathering historical data and market trends, analyzing any relevant variables that could impact sales. I then utilize financial modeling techniques to project future performance while incorporating potential risks and uncertainties.

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Can you discuss a time when you had to provide a detailed financial analysis?

Absolutely! In my previous role, I conducted a significant financial analysis that involved assessing rebate impacts on revenue. I presented this analysis to senior management, highlighting not only the immediate financial implications but also long-term strategic recommendations based on various scenarios.

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What software tools do you have experience with for financial reporting?

I have extensive experience using Excel for financial modeling and reporting, along with BPC for budgeting and planning processes. Additionally, I am familiar with Power BI for data visualization, allowing me to present financial data in a compelling and accessible way.

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How do you prioritize tasks in a fast-paced environment?

In a fast-paced environment, I prioritize tasks based on urgency and impact. I assess deadlines and project importance, often using a task management tool to keep everything organized. Clear communication with team members also helps ensure we meet our objectives efficiently.

Join Rise to see the full answer
What is your experience with pricing strategies?

I have direct experience developing pricing strategies that align with market conditions and consumer behavior. In my previous role, I was involved in analyzing competitor pricing and market demand, which informed our pricing adjustments to maximize both competitiveness and profitability.

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How would you handle a disagreement in a cross-functional team?

In a disagreement within a cross-functional team, I focus on facilitating open communication. I encourage all parties to express their views while aiming for common ground. Often, I find that a data-driven approach helps to resolve disagreements effectively, as it brings objectivity to the discussion.

Join Rise to see the full answer
Can you give an example of how you’ve improved a financial process?

Certainly! In my last position, I improved our monthly reporting process by automating data collection through new software, reducing the time required for manual entry. This change not only enhanced accuracy but also freed up time for more strategic analysis.

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What is your understanding of gross-to-net sales?

Gross-to-net sales refer to the calculation of net sales after accounting for all deductions such as discounts, rebates, and returns from the gross sales figure. Understanding this distinction is crucial for accurate financial forecasting and reporting.

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How do you stay updated on financial regulations and industry trends?

I stay updated on financial regulations and industry trends by subscribing to relevant financial news outlets, attending professional webinars, and participating in finance-related networking groups. This practice helps me to not only stay informed but also to share insights with my team.

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Why do you want to work for AbbVie as a Finance Manager?

I am passionate about contributing to an organization that is dedicated to making a difference in people's lives, such as AbbVie. The opportunity to leverage my skills in a company that prioritizes innovation and has a clear focus on healthcare aligns perfectly with my professional values and aspirations.

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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
April 23, 2025

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