AbbVie (NYSE:ABBV) is a global, research-based biopharmaceutical company formed in 2013 following separation from Abbott Laboratories. The company's mission is to use its expertise, dedicated people and unique approach to innovation to develop and market advanced therapies that address some of the world's most complex and serious diseases. AbbVie currently employs approximately 30,000 people worldwide and markets medicines in more than 175 countries.
The position is part of Financial Shared Services Record to Report organization (FSS-RTR). Finance Shared Services (FSS) is AbbVie's standardized global end-to-end back office processes that support operations and transactional business activities enabling our company to run. FSS-RTR works collaboratively across multiple delivery channels providing support in accounting and selected order to cash processes, serving as the chief accountant and is the liaison between the affiliates/ manufacturing plants and BPO, receiving guidance from our Center of Excellence (CoE).
Job Description
This position reports into the Accounting Manager, JAPAC at FSS and is responsible to support the US GAAP and Local statutory GAAP accounting and reporting processes for the assigned affiliates and will conduct regional role in JAPAC. This position needs a person with ‘can- do’, hands on attitude and ability to work with multiple stakeholders, planning and execution of local statutory audits or any other statutory reporting requirements.
Statutory accounting responsibilities 61 Preparation of statutory financial statements including notes to accounts 61 Participate/ review US GAAP month close process with primary focus to identify adjustments necessary for local GAAP: 83 Regular reconciliation of US and local GAAP ledgers to ensure integrity of data 83 Perform local GAAP adjustments 83 Identify and perform adjustments needed for additional disclosures (T&E, Payroll benefits etc) 83 Maintain local GAAP balance sheet reconciliations 83 Conduct balance sheet reviews periodically 83 Prepare and distribute reports to key contacts 61 Interpret and roll out local accounting policy/standards 61 Prepare Standard Operating Procedures & Flow charts to ensure local GAAP requirements are documented and necessary processes are in place. 61 Co-ordinate Statutory audits: 83 Support Finance Director in execution of local statutory audits 83 Plan and co-ordinate audit schedule with external auditors, service providers (if any) and internal departments 83 Execute audit plan by ensuring timelines are met. 83 Establish escalation protocol, monitor and report audit progress. 83 Manage the Statutory calendar 83 Support the process of local tax provision calculation and income tax return 61 Miscellaneous reporting filings (e.g. statistical reporting) 61 Identify and implement improvement opportunities in the area of direct responsibility (compliance, quality and process efficiency) 61 Support integration activities
Tax responsibilities 61 First point of communication for all direct and indirect tax matters 61 Work closely with third party service providers and Tax Centre of Excellence to plan and support tax compliance activities 61 Communicate compliance timetable and deliverables to all stake holders 61 Ensure inputs required for tax return preparation are received, reviewed and submitted timely. 61 Follow-up on any missing information, perform defined checks and reconciliations 61 Track adjustments needed based on filed returns, perform journal entries to ensure ledger balances tie to returns 61 Investigate issues encountered during return preparation, identify and fix process / system gaps 61 Ad hoc assistance on VAT related matters (audits, questions tax authorities, tax coding questions, ad hoc checks and reconciliations) 61 Oversee and track tax payments & receipts to avoid delays to avoid financial and reputational risk. 61 Ensure accurate and consistent accounting of all taxes 61 Review and sign off all tax related balance sheet accounts reconciliations prepared by third party provider (BPO). 61 Co-ordinate with Tax Centre of Excellence of any other tax accounting related activities. 61 Identify and implement improvement opportunities in the area of direct responsibility (compliance, quality and process efficiency) 61 Support integration activities
R2R Responsibilities 61 Maintain US GAAP and local ledgers including the preparation and/or review of related journal entries and reconciliations 61 Prepare and review financial and accounting analysis involving complex transactions including but not limited to general accounting, fixed assets, intercompany and financial reporting activities/transactions 61 Prepare and provide to Finance Director/s variance analysis between actual and planned financial data 61 Provide accounting treatment in line with Group policies for Affiliates 61 Maintain Chart of Accounts in consultation with affiliates 61 Serve as the key contact relating to all Record to Report activities for the affiliate or cluster of affiliates 61 Produce and review management and statutory reports with affiliates 61 Provide BPO with a guidance for resolution of accounting issues 61 Coordinate Statutory/Fiscal Reports process with 3rd parties 61 Prepare tax miscellaneous filings and maintain record of all Regulatory Filings 61 Drive and co-ordinate the financial close process for the affiliate or cluster of affiliates 61 Work closely with personnel in all departments to ensure compliance with company accounting and operational guidelines in accordance with local GAAP 61 Work closely with the Finance Director/s of assigned affiliate/s to ensure high quality of the ledgers and full compliance with Accounting Policies 61 Propose and implement initiatives aimed to improve efficiency and quality of the process 61 Support integration activities 61 Complete transfer pricing and costing activities in accordance with company and local requirements 61 Prepare affiliate Balance Sheet, DSO and Entity plan and to provide monthly variance commentary as needed
Skills, Knowledge and Qualifications Systems 84 SAP 84 Hyperion 84 Reconciliation Tool (desirable) 84 MS Office Business Knowledge 84 Chart of Accounts 84 Sox Policy 84 Intercompany Transaction Policy 84 Treasury Policy and Banking Systems 84 Business Process, Corporate Policy (compliance & completeness) 84 Financial Data Flows 84 Understanding end to end process for P2P, R2R, and OTC. Technical Knowledge 84 Advanced Accounting 84 Financial Statement Analysis (variance analysis) 84 Cost/Inventory Accounting 84 US GAAP and/ or IFRS Qualifications 84 Bachelor's degree in Finance or Accounting. ACCA, CPA, CIMA or equivalent qualifications is a plus. 84 8-10 years of progressive experience in accounting, planning and financial analysis 84 Experience in credit and collection, including credit analysis, cash management, and credit insurance is desirable 84 Experience with SAP required 84 Strong analytical, problem solving and interpersonal skills 84 Strong written and verbal skills enabling effective communication with all levels of management 84 Individual must be self-motivated with great follow-up skills and be able to work independently 84 Excellent stakeholder management skills are required 84 Ownership and strong drive in an independent tasks execution 84 Experience in pharma industry would be an asset 84 Strong organizational skills required to coordinate and manage multiple cross divisional work process and projects 84 Experience with continuous improvement projects and practical application of CPI methodologies (Lean, Six Sigma) would be an asset
