AbbVie (NYSE: ABBV) is a global, research-based biopharmaceutical company formed in 2013 following separation from Abbott. AbbVie combines the focus and passion of a leading-edge biotech with the expertise and capabilities of a long-established pharmaceutical leader to develop and market advanced therapies that address some of the world’s most complex and serious diseases. In 2013, AbbVie will employ approximately 21,000 people worldwide and markets medicines in more than 170 countries.
Primary Job Function
The Sr. Manager, Internal Audit will plan and manage financial, operations, IT and compliance internal audits for global manufacturing, marketing, and distribution sites in order to determine the adequacy of the systems of internal controls. Primary focus will be on areas of higher risk. Continually recruit, train and develop a staff of 6 auditors, including goal setting and performance management. A high level of interpersonal and communication skills is essential Identify opportunities to develop improvements of departmental processes and procedure and support departmental projects and initiatives. Periodically assist in OEC (Office of Ethics and Compliance) investigations. Requires sufficient operational experience to adequately address and dispose of audit issues as they arise.
Core Job Responsibilities
The Sr. Manager, Internal Audit will be responsible for auditing compliance with applicable Corporate and Divisional Policies and procedures. The Sr. Manager, Internal Audit is accountable both administratively and functionally to the Vice President, Internal Audit. The Vice President, in turn reports administratively to the Chief Financial Officer and functionally to the Audit Committee and the Board of Directors. Taken as a whole, the corporation has annual sales of $18 billion and is comprised of more than 21,000 employees worldwide. All sites within the company as well as corporate functions will be subject to audit. The Corporate Audit Department has a budget of $3MM annually. Additional responsibilities include:
Assessing risk, and based upon risk assessment results, planning, scheduling and staffing individual audits.
Determine the adequacy of the systems of internal control. Review and assess the soundness, adequacy and application of accounting, financial, operating, IT and sales and marketing compliance controls and the integrity of accounting records.
Develop and direct execution of audit procedures to assess compliance with established corporate and division policies, plans, procedures and approvals, including special emphasis on those policies designed to assure compliance with certain business-related and corrupt practice-related governmental regulations.
Prepare written reports of the audits performed, meet with appropriate levels of management, as needed, to review the results of the audit and follow-up on findings and recommendations to ensure that appropriate and timely action is taken by those responsible.
Travel extensively, often on short notice, to the Company's worldwide locations to direct internal audit engagements, as well as to assess and react to urgent situations and "fire drills" resulting from alleged illegal acts, violations of the code of conduct, and other suspected improprieties.
Work with Partners and Managers of external audit firm's home office and worldwide offices to plan and define the scope of the audits to be undertaken. Coordinate internal audit efforts with those of external auditors.
Continually recruit, train, develop and place into the worldwide organization, high potential finance, IT and compliance professionals.
This position requires a Bachelor's degree, with a concentration in Accounting, Information Technology or business from a four-year college or university. It is also strongly desirable that the incumbent have a CPA, MBA or an advanced degree.
The incumbent should have a minimum of ten years of related work experience. Park of the experience would have been obtained from employment with a major Public Accounting firm and/or as a member of an internal audit staff performing financial and operational audits; or a combination of these prerequisites. Prior management experience is required, including experience in audit, financial management, IT or other compliance activities. The position requires the following:
Broad business background and the ability to apply sound business judgment regarding matters not covered by formal Company policies and procedures.
Sound background and understanding of both domestic and international operations of the Company, including prior controllership/directorship experience in one or more profit-division operations.
Demonstrated sensitivity to foreign business practices and diverse cultures, including extensive first-hand experience interacting with management styles and methods in multiple countries.
Strong familiarity with financial and operational auditing procedures. Knowledge and understanding of computer systems and capabilities and the ability to identify and evaluate potential computer applications.
Excellent supervisory and mentorship skills and the ability to work effectively with people at all levels on a one-to-one basis.
Demonstrated ability to communicate effectively, both orally and in writing to all levels of management, including Corporate and Divisional Vice Presidents, General Managers, Directors and Controllers.
Personal qualities and characteristics consistent with the desired Company image.
A capacity for learning and a desire to keep abreast of the developments in the profession, and be capable of promotion to higher levels of management within the Company.
A high level of analytical ability is required to evaluate the problem to determine the best solution to a particular situation.
Significant Work Activities and Conditions
Continuous sitting for prolonged periods ( more than 2 consecutive hours in an 8 hour day)
Yes, 50 % of the Time
AbbVie - 17 months ago