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Finance Manager, R&D FP&A & Reporting

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 Manager oversees the financial planning and analysis for AbbVie's R&D External Portfolio, managing $2 billion in expenses. This role ensures compliance with financial policies, prepares required deliverables for R&D HQ FP&A, and drives process improvements using tools such as BPC, Workiva, and Power BI. Key responsibilities include leading financial cycles like Flash, LBEs, Plans, and LRPs, while collaborating with stakeholders to provide strategic financial guidance and enhance decision-making. This role requires expertise in financial management, process optimization, and effective communication. 

Key Responsibilities Include: 

  • Responsible for the consolidation/reporting for Total R&D External Portfolio expense totaling $2 Billion for LBEs/Plan/LRP/Flash/ Monthly executive R&D Leadership Heatmap. 

  • Responsible for managing the R&D Externals Power BI Dashboard used by 100+ active users. Which includes building new visuals to help drive more effective analytics and insights. 

  • Business Partnering with R&D Business including (PPM, Portfolio Insights, CDIT, and ACPRU). 

  • Oversees the R&D finance external calendar to maintain timely monthly deliverables. 

  • Oversees the month end Ross Accounting process and Sox Controls Compliance for R&D.  

  • Work cross functionally to gather information on Clinical Studies both to ensure the accuracy of the data and understand variance causals for the various cycles. 

  • Supports ad hoc analysis and projects as assigned. 

Problem Solving: 

  • Strong organizational, systems, analytical, problem solving, planning and decision-making skills.  Be detail-oriented, thorough, and accountable for work product prepared and presented. 

  • Ability to look at processes, identify improvements and work cross-functionally to implement such improvements. 

  • 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. 

Qualifications

  • Bachelor’s degree in Finance or Accounting. CPA or MBA a plus. 

  • Minimum 7+ years of progressive and related experience. 

  • Strong financial, analytical and problem solving skills. 

  • 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. 

  • Strong communication skills (verbal and written), with all levels of management and including the ability to listen well and to influence others that do not report directly. 

  • Proficient Excel skills. 

  • Strong system skills and willingness to learn new systems (e g. SAP, BPC, Workiva, Power BI, Power Automate, Power Query)  

 

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

$110000 / YEARLY (est.)
min
max
$90000K
$130000K

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, R&D FP&A & Reporting, AbbVie

If you’re a passionate finance professional looking to make a significant impact at a leading biopharmaceutical company, AbbVie has an exciting opportunity for you as a Finance Manager for R&D FP&A & Reporting in North Chicago, IL. In this role, you'll be overseeing the financial planning and analysis for AbbVie’s R&D External Portfolio, which involves managing a whopping $2 billion in expenses. You will play a vital part in ensuring compliance with financial policies and delivering key reports for R&D HQ FP&A. Collaborating closely with various stakeholders, you will provide strategic financial guidance that enhances decision-making across the organization. You will lead financial cycles such as Flash, LBEs, Plans, and LRPs, all while utilizing advanced tools like BPC, Workiva, and Power BI to facilitate process improvements. This position demands a proactive attitude as you build business partnerships across teams and maintain strict timelines for deliverables. With a focus on analytical problem-solving and communication skills, you’ll ensure that the R&D finances align perfectly with the broader objectives of AbbVie. Your expertise will not only drive effective analytics and insights but also contribute to innovative solutions that tackle some of the most serious health issues today. Come join us at AbbVie, where your analytical prowess can lead to life-changing breakthroughs in medicine.

Frequently Asked Questions (FAQs) for Finance Manager, R&D FP&A & Reporting Role at AbbVie
What are the key responsibilities of the Finance Manager, R&D FP&A & Reporting at AbbVie?

The Finance Manager, R&D FP&A & Reporting at AbbVie is responsible for overseeing financial planning and analysis for the R&D External Portfolio, managing $2 billion in expenses. This includes leading financial cycles, preparing compliance reports, and driving process improvements. The role emphasizes collaboration with stakeholders to provide strategic guidance and effective decision-making.

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What qualifications are required for the Finance Manager role at AbbVie?

The ideal candidate for the Finance Manager position at AbbVie should possess a Bachelor's degree in Finance or Accounting, with a CPA or MBA considered a plus. Additionally, a minimum of 7+ years of related experience is required, along with strong financial, analytical, and problem-solving skills.

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How does the Finance Manager at AbbVie ensure compliance with financial policies?

The Finance Manager at AbbVie ensures compliance by overseeing the financial processes related to the R&D External Portfolio, maintaining adherence to policies, and preparing essential deliverables for R&D HQ FP&A. There is a focus on Sox Controls Compliance and managing the month-end accounting processes for accurate reporting.

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What software skills are beneficial for a Finance Manager at AbbVie?

Proficiency in Excel is essential, but the Finance Manager at AbbVie should also be comfortable with systems like SAP, BPC, Workiva, and Power BI. A willingness to learn and adapt to new technologies is crucial for optimizing financial processes and improving analytics.

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How does this position contribute to AbbVie's mission?

The Finance Manager role is key to AbbVie’s mission as it supports the financial management of R&D efforts aimed at discovering innovative medicines and solutions. By managing financial resources effectively, this position helps drive advancements in important therapeutic areas like immunology, oncology, and neuroscience.

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Common Interview Questions for Finance Manager, R&D FP&A & Reporting
Can you describe your experience managing large financial portfolios?

Be prepared to showcase your experience in overseeing substantial financial portfolios, particularly with specific examples that demonstrate your ability to effectively track expenditures, report on financial metrics, and ensure compliance with internal policies.

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How do you prioritize your tasks during financial reporting cycles?

Explain your approach to prioritization, emphasizing your organizational skills. Discuss how you assess deadlines, the importance of various tasks, and your strategies for managing time effectively under pressure.

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What tools and software do you think are most useful for financial analysis?

Highlight your proficiency with financial software, particularly mentioning tools like Power BI and Excel. Share specific ways these tools have improved your analytical capabilities in past roles.

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Describe a time when you identified a significant financial discrepancy. What steps did you take?

Share an example that illustrates your analytical skills, detailing how you investigated the discrepancy, the methods you used to resolve it, and how you communicated the findings to stakeholders.

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How do you ensure effective communication with non-financial stakeholders?

Discuss your strategies for simplifying complex financial concepts to ensure clarity while engaging relevant stakeholders. Mention any tools you use or presentations you’ve conducted to support your communication efforts.

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What are the main financial metrics you focus on for R&D budgets?

Be prepared to discuss metrics such as cost variance, return on investment, and forecasting accuracy. Explain how these metrics influence decision-making and resource allocation.

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How do you approach process improvement in financial operations?

Provide an example of a financial process you’ve improved in the past. Discuss the steps taken to identify inefficiencies, the solutions you implemented, and the impact those changes had on the organization.

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What steps do you take to stay compliant with regulatory standards?

Discuss your process for staying updated on relevant accounting practices and regulations, as well as your methods for ensuring adherence to these obligations within the R&D finance team.

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How have you previously collaborated with cross-functional teams?

Provide examples of how you worked with teams outside of finance, highlighting your ability to collaborate effectively. Discuss your roles in meetings and the contributions you made towards achieving shared organizational goals.

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What motivates you to work in finance for the pharmaceutical industry?

Share your passion for the pharmaceutical sector, perhaps discussing the positive societal impact it has. Express how the opportunity to contribute to innovative healthcare solutions drives your commitment to excellence in financial management.

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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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