Job DescriptionThe CDSM Senior External Cost Analyst is responsible for supporting clinical drug supply contracting, payment activity, supplier coordination, financial tracking, and cross-functional collaboration to ensure continuity of services and effective business operations. This position serves as a key subject matter expert on internal systems and processes related to contracts, invoices, payments, reporting, and supplier management, while also contributing to strategic initiatives, operational excellence, and performance improvement.
ResponsibilitiesContracting, Payments, and Financial Reconciliation
- Responsible for clinical drug supply contracting and payment activity, through final payment reconciliation.
- Ensure contract requests are submitted on time with the accurate business and financial sourcing information to avoid/minimize delays. Monitor contract-associated spend and proactively alert business stakeholders when purchase orders require additional funds to ensure continuity of services
- Confirm accuracy of supplier invoices based on contract details and guidance from Project Manager's overseeing suppliers' work. Authorize payment of invoices according to AbbVie's guidelines.
- Serve as the primary process owner and main point of contact for resolving supplier invoice discrepancies and payment issues, ensuring timely investigation, issue resolution, and compliance with AbbVie policies and contractual requirements.
- Support the tracking of actuals and forecast updates for the LBE for CDSM external vendor contracts and purchase orders, ensuring accurate financial monitoring, timely updates, alignment with business assumptions, and effective communication of variances, risks, and funding needs to relevant stakeholders.
Systems and Reporting
- Primary subject matter expert on internal systems used to submit, track and reconcile contracts and related invoices/payments
- Generate monthly KPI metrics reports, and actionable reports supporting CDSM leadership and communicate to key stakeholders
- Utilize AI tools to improve performance
Supplier and Vendor Management
- Collaborate with Department Management, Vendor Management, Procurement, Finance, and other internal stakeholders to secure Third Party Depot and Manufacturing services from outside suppliers
- Facilitate management of suppliers' financial information, including updates to existing suppliers and onboarding of new suppliers.
Cross-Functional Collaboration and Strategic Support
- Build collaborative relationships with Project Managers, Category Managers, Outsourcing, CDO, etc. to reduce waste and maximize output.
- Lead and/or participate on cross-functional teams to support CDSM strategic imperatives.
- Lead continuous improvement initiatives and best practices across the company.
- Act as backup for the procurement of comparator drugs, labels, commodities needed to support Clinical Studies
Qualifications- Bachelor's degree required. (Engineering, Marketing Analysis, Operations, Economics, Logistics, Business Administration, Communications or Statistics) or relevant business experience preferred.
- Financial experience required
- Experience supporting contract administration, invoice reconciliation, and payment processes
- Proven strong analytical, organizational, and financial tracking skills
- Ability to collaborate effectively across Procurement, Finance, Vendor Management, Project Management, and other internal stakeholder groups
- Strong communication skills and ability to provide reporting and insights to leadership
- Ability to manage multiple priorities while maintaining accuracy and timeliness
- SAP, Contract Lifecyle Management Software (Conga), Excel
- Knows the business, understands challenges and continually uses innovation to drive value.
- Strong knowledge of supplier contract terms and conditions, and data analytic skills are imperative to support category management decisions.
- 5+ years of professional level experience in Process improvement/project management.
Additional InformationApplicable 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 short-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.
