Abbvie - Manager - Statutory & Accounting Lead

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 X, Facebook, Instagram, YouTube, LinkedIn and Tik Tok.

Job Description :

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.

This position reports into the Finance Director, RTR Ops, FSS JAPAC and is responsible to lead FSS India team for both US GAAP & Local Statutory Accountants, by being liaison with senior stakeholders including global FSS, global commercial senior management team, financial team and other corporate finance functions e.g. Accounting, Tax Center of Excellence (COE), Treasury, GTC, BPO etc.

This position needs to drive key strategic initiatives.

R2R Responsibilities :

• Work closely with Commercial Finance, the Accounting COE, the BPO, and others to ensure compliance with company accounting and operational guidelines, as well as US and local statutory GAAP.
• Research and resolve technical accounting issues, and review financial and accounting analysis involving complex transactions in a variety of areas.
• Interpret and roll out accounting policy / standards, including application of US GAAP (e.g., revenue recognition, pension accounting, etc.
• Support development and standardization of AbbVie Accounting policies and procedures.
• Ensure ongoing compliance with AbbVie Accounting policy and procedures.
• Monitor internal control compliance in affiliate.
• Play a critical role in the preparation of US GAAP financial statements. Activities include, but are not limited to, compiling information for disclosures in accordance with U.S. SEC reporting requirements.
• Manage, coordinate and review the monthly, quarterly and yearly financial close process.
• Review key account reconciliations.
• Perform reserve and impairment analyses (e.g. receivables, inventory, intangible assets, etc.) in accordance with corporate policy.
• Review changes to chart of accounts.
• Perform periodic balance sheet account reviews at a country level.
• Initiate process improvements and quality reviews to simplify and improve productivity.
• Assist as needed in the statutory reporting process.
• Liaison with external auditors and actuaries.
• Work closely with personnel in all departments to ensure compliance with company accounting and operational guidelines in accordance with local GAAP.
• Work closely with the Finance Director / s of affiliate / s to ensure high quality of the ledgers and full compliance with Accounting Policies.
• Propose and implement initiatives aimed to improve efficiency and quality of the process.
• Transfer pricing (India is restricted entity hence different treatment & alignment required for TP exercise).
• Prepare Entity Planning for India two entities.
• Prepare DSO, BS and Capital planning for both business (Aesthetics and Therapeutics).
• Perform and lead the centralized Non promo planning process (for Aesthetics and Therapeutics)

including Finance Transformation key initiatives in India and as JAPAC Accounting Responsibilities :

Tax Responsibilities :

Skills, Knowledge And SAP

Business Knowledge :

Technical Knowledge :

Additional Information

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 & Puerto Rico applicants seeking a reasonable accommodation, click here to learn more : (ref : iimjobs.com)