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Job Information

AbbVie Finance Manager, Reserves Accounting in North Chicago, Illinois

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 Twitter, Facebook, Instagram, YouTube and LinkedIn.

Job Description

Description

Finance Manager – Reserves Pricing Accounting is responsible for preparing consolidated accrued vs paid rebate schedules and analyzing variances for Medicaid, Managed Care, and Medicare, currently approx. $14 billion. Lead the month end close process and reconciles cash payments from SAP (general ledger) to Model N. Prepares monthly Blackline reconciliations and assists with preparation of the Quaterly Reserve Package. The Finance Manager works closely with Rebate Operations (Government and Commercial) to provide accurate payment forecasts. Finance Manager will also oversee top product level detail and review with pricing forecasting to ensure payments forecasts received from other pricing organizations are aligned to accruals and latest LBEs. Finance Manager will so provide ad hoc analysis/support as needed to Pricing Accounting and Forecasting team. Supports all Internal/External audits and prepares Plan/Update Balance Sheet forecasts for rebate accrual balances.

Key Responsibilities Include:

  • Prepare rebate paid vs. reserves analysis monthly for Medicaid, Medicare, Managed Care and analyze variances.

  • Work closely with Rebate Operations (Government and Commercial) to develop accurate forecasts.

  • Update on a quarterly basis the plus/minus schedule, providing net reserve position by product and program.

  • Reconcile on a monthly basis general ledger and Model N.

  • Provide support for internal and external audits.

  • Prepare Plan/Update Balance Sheet forecasts for accrual balances.

  • Assist in Preparing Consolidated Quarterly Reserve Package.

  • Coordinate schedules to be included in Quarterly Reserve Package.

  • Ad Hoc Reporting and Analysis.

  • Annually review and document all procedures related to the group.

Qualifications

Qualifications

Basic

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

  • Minimum 7 years progressive finance/ accounting experience

  • Strong financial, analytical, and problem-solving skills

  • Strong organizational and communication skills (verbal and written)

  • Proficient Microsoft Office skills required

  • Knowledge of TM1, SAP a plus

Key Leadership Competencies

  • Builds strong relationships with peers and cross functionally with partners outside of team to enable higher performance

  • Raises the bar and is never satisfied with the status quo

  • Ensure team members are meeting deadlines

  • Open to suggestions and experimentation for improvement

  • Anticipates problems and opportunities

  • Drives excellent performance without being closely supervised

Additional Information

Applicable only to applicants applying to a position in any location with pay disclosure requirements under state or local law: ​

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  • 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​

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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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