Senior Manager, 340B Forecasting / Reporting - AbbVie

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.

Primary Job Function:

Position has two primary responsibilities: (1) lead contact for 340B Consolidation & FP&A activities for the US Therapeutics Pricing team, and (2) 340B forecasting support at an above brand level to assess impact of alternative strategies:

• For #1 (340B Consolidation Lead): Track 340B assumptions at an enterprise level and ensure aligned communications to US Therapeutics price forecasting leads for brand level inclusion in AbbVie’s financial forecasting cycles. Additionally, Sr Manager will support ad hoc requests and analysis from Finance Director 340B COE and other US Therapeutics finance leadership .
• For #2 (340B Forecasting Support): In coordination with 340B COE, prepare and validate forecasts associated with the impact of state and federal legislation, as well changes to AbbVie’s 340B policies (rebate policy, Orphan Drug, DIM for Grantees, PBM Duplicate Discount Mitigation, etc.) . Provide ad hoc financial analysis as needed.  Prepare all required schedules for Plan/LBE/LRP.

Core Job Responsibilities:

Responsibilities will include, but are not limited to:

1. Lead 340B above brand planning for Plan, LBE and LRP in coordination with brand price forecasting leads.
2. In coordination with the 340B COE, forecast the impact of changes to state and federal legislation, as well as revisions to AbbVie’s 340B policies around purchase eligibility and duplicate discount mitigation.
3. Execute monthly executive 340B reporting to track trends in 340B utilization and duplicate discount mitigation against relevant financial benchmarks.
4. Take the lead in ensuring all financial forecasts associated with 340B duplicate discount mitigation incorporate updated product rebate/discount rate and utilization aligned with brand pricing leads. 
5. Understand and discuss all 340B price related variances on a monthly and financial planning cycle basis.
6. Coordinate with the 340B COE, US Therapeutics Pricing and the Market Access KAM teams to ensure alignment between financial forecasts and payer level withhold (cash flow) projections
7. Attend ad hoc strategy meetings and routine Plan/LBE/LRP meetings with the 340B COE.  Primary contact for 340B COE for any financial forecast related questions. Provide support to the brand pricing leads and brand teams to facilitate their understanding of included 340B assumptions
8. Work with forecasting, commercial finance and 340B COE to present a consolidated 340B message.
9. Additional ad-hoc project work and analysis.
10. Key Contact for 340B executive information requests and analyses
11. Role will also include presentations to Leadership and inclusion in US Therapeutic-wide activities.

Supervisory/Management Responsibilities:

There are no direct reports for this position. Rather, this position manages a complex and critical process in a complex and critical area. There is a significant individual contributor aspect to this position and requires a high level of communication with other teams and functional groups.

Position Accountability/Scope:

The incumbent is responsible for providing financial leadership to the 340B COE and cross functional partners in development of the Plans, LRPs and LBEs.    This position reports to the Finance Director. The incumbent is expected to operate independently to accomplish the goals and responsibilities of the position; however constant alignment with the Director is critical due to the nature of the role.  In addition, the Senior Manager has a high degree of freedom to independently set priorities so that both planned and unplanned departmental objectives are achieved. This position supports and communicates with all levels of operating and financial management on an on-going basis. 

Skills/Experience Requirements:

Basic Qualifications:

7+ years of progressive Accounting/Finance.

The candidate must also possess the following skill sets:

• The ability to interact with and support senior level management and to partner effectively and independently in a matrix organization.

• Strong organizational, analytical, problem solving, planning and decision making skills.

• Extensive interpersonal skills and excellent verbal and written communication skills including a high energy level.

• Strong Excel and PowerPoint technical and content strategy skills. 

• The ability to manage and coordinate multiple activities and shifting priorities under tight timeframes.

• A highly motivated self-starter who can translate broad directions into high quality analytical output.

• Open to new ideas, creative and utilizes value-added principles in approach.

Preferred Qualifications:

Prefer experience in pricing, forecasting, or FP&A

Education Requirements:

BS in Finance or Accounting.  MBA/CPA preferred.

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:

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