Associate Director, Procurement Finance
abbvieNorth Chicago (IL)
About the role
About AbbVieAbbVie'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 including immunology, oncology and neuroscience - and products and services in our Allergan Aesthetics portfolio. For more information about AbbVie, please visit us at www.abbvie.com. Follow @abbvie on LinkedIn, Facebook, Instagram, X and YouTube.
Company Description:
About AbbVieAbbVie'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 including immunology, oncology and neuroscience - and products and services in our Allergan Aesthetics portfolio. For more information about AbbVie, please visit us at www.abbvie.com. Follow @abbvie on LinkedIn, Facebook, Instagram, X and YouTube.
Job Description:
The Associate Director, Procurement Finance is a global finance leader responsible for partnering with Procurement and Finance stakeholders to identify, validate, forecast, and report procurement savings and spend performance on ~$16Bn spend. The role also leads the Weighted Average Payment Terms (WAPT) program, partnering cross-functionally to improve working capital. This position reports to the Procurement Finance Director within the Corporate FP&A function.
Responsibilities:
- Lead monthly, quarterly, and annual Plan, Long Range Plan (LRP) and Latest Best Estimates (LBEs) activities related to procurement spend, savings, and WAPTEstablish and monitor WAPT targets, performance metrics, and action plans
- Provide meaningful variance analysis and executive ready reporting that promotes accuracy, transparency, and predictability
- Serve as strategic business partner to Procurement and business Finance, ensuring alignment on targets assumptions, risks, and opportunities
- Establish, maintain, and communicate savings methodologies, governance, and reporting standards
- Coordinate and validate Procurement savings initiatives, including baseline assumptions, timing, implementation status, and realized financial impact
- Lead, develop, and coach a team of two employees, ensuring high quality and timely deliverables
- Support strategic projects, management reporting enhancements, process optimization, and optimization initiatives
- Perform ad hoc analysis and provide recommendations to support informed business decisions
Qualifications:
- Bachelor's degree in Finance or Accounting preferred 10+ years of progressive experience in finance, FP&A, supply chain finance, or a related discipline
- Experience leading cross-functional initiatives and influencing stakeholders without direct authority
- Experience managing, validating, or reporting procurement savings and/or working-capital initiatives
- People leadership experience
- Technical and Professional SkillsStrong financial analysis, forecasting, problem-solving, and business-partnering skills
- Advanced Microsoft Excel and PowerPoint skills; experience with Power BI, Tableau, or similar visualization tools preferred
- Experience working with ERP, procurement, spend analytics, or accounts payable data
- Ability to establish effective controls, reconcile data, and ensure reporting accuracy
- Excellent written and verbal communication skills, including the ability to present complex information clearly to senior leaders
- Demonstrated ability to prioritize competing demands, manage deadlines, and operate effectively in a fast-paced, global environment
- Self-starter who can work independently, exercise sound judgment, identify process improvements, and drive implementation
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 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 and serving our community. Equal Opportunity Employer/Veterans/Disabled. US & Puerto Rico only - to learn more, visit https://www.abbvie.com/join-us/equal-employment-opportunity-employer.htmlUS & 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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