Finance Lead - Margin Accounting & Costing
AbbVie
Full-time
Remote friendly (North Chicago, IL)
United States
$94,000 - $178,500 USD yearly
Corporate Functions
Want to see how your resume matches up to this job? A free trial of our JobsAI will help! With over 2,000 biopharma executives loving it, we think you will too! Try it now — JobsAI.
Role Summary
The Finance Lead, Margin Accounting & Costing is responsible for understanding and monitoring margin accounting journal entries and daily costing runs to ensure all costs and margin are reported accurately for financial reporting, forecasting, and analysis. The role involves large data sets, variance analysis, month-end support, and collaboration across cross-functional teams to ensure timely and accurate financial results.
Responsibilities
- Ensure the worldwide consolidated cost of inventory and inventory-related expenses are accurate.
- Perform costing analysis and identify drivers of variances.
- Monitor Robotic Process Automation (RPA) for margin posting programs in SAP to ensure accurate margin billed and margin relief journal entries.
- Perform monthly analysis/reconciliation between margin reports to ensure the auto margin calculation by Robot is correct.
- Coordinate changes within the deferred margin program to BTS, including testing of reports and interfaces.
- Collaborate with cross-functional teams on process and financial reporting to ensure complete, accurate, and timely results; communicate monthly results and issues to supported businesses.
- Work with affiliates and colleagues on margin-related issues on a product SKU basis to ensure all components within a product are properly set up.
- Prepare the month-end margin journal entries, including sweeping PPV and SRV to the Intercompany Margin “Delta Profit” pool.
- Resolve margin and costing questions from affiliates in a timely and accurate manner.
- Investigate and resolve variances in the monthly Book to Perpetual analysis by Product on the Margin “Delta Profit.”
- Support the annual planning exercise.
- Support ad hoc analysis, projects, and process improvements as needed.
Qualifications
- Bachelor’s degree in Finance or Accounting preferred
- Proficient Excel skills; experience with SAP preferred
- Cost accounting experience in manufacturing and experience in supply chain finance operations is highly desirable
- Strong analytical, communication, problem solving, and interpersonal skills
- Minimum 6+ years of progressive and related experience
Education
- Bachelor’s degree in Finance or Accounting (preferred)