Elizabeth Arescheri
Lake Villa,IL
Summary
Dynamic Finance Manager with over 20 years of progressive experience in corporate and margin accounting, adept at driving key project deliverables through advanced analytical skills and a collaborative approach. Proven ability to maintain confidentiality while managing sensitive information, complemented by strong expertise in SAP and technical accounting. Recognized for excellence with over 40 AbbVie awards, showcasing a commitment to high performance and continuous improvement. Skilled in analyzing trends, identifying process enhancements, and efficiently managing large datasets to support informed decision-making and team success.
Overview
22
22
years of professional experience
Work History
Finance Manager, Global Transfer Pricing
AbbVie
08.2023 - Current
- Leading the Commercial Plan process and daily transfer price process and recycling transfer prices annually.
- Review entity profitability analysis by product for commercial affiliates. The billing prices need to accomplish the overall goals of the transfer price policy as directed by Corporate Tax. This concept is crucial because there is a substantial amount of potential audit risk associated with the administration of the intercompany transfer prices. Responsible for area appropriate transfer prices and managing the legacy/SAP interface are reconciled.
- Performing analysis of duty impact by entity, interacting daily with international distribution centers and affiliates, processing daily transfer price requests from AbbVie affiliates with accuracy and timeliness. Maintaining PIR/SL for Intercompany costing and transactions. Posting SRV journals each month and providing margin relief to US and OUS entities.
Manager, Corporate Accounting
AbbVie
08.2021 - 07.2023
- Managing, tracking, and reporting an accrual of $200MM for Allergan-related integration costs, especially people-related costs for Severance and Retention.
- Work with BHR, ATO, affiliates and functions to get updates regarding impacted individuals (adds, removals, changes), and releasing and/or pushing-down accruals to affiliates as needed.
- Reconcile AGN and ABV Systems and prepare quarterly/roll-forwards combining both reports for management review for form 10-Q and 10-K reporting. Leading the project/process to decentralize this work, transferring the remaining accrual to affiliates & FSS effective 2023. Responsible for the SOX control deliverables with coordinating and providing Integration related transactions and accruals to PwC.
Finance Lead, Sales and Margin Accounting
AbbVie
05.2018 - 07.2021
- Perform Cost Analysis for Planning and Reporting on the Intercompany Margin Delta Profit, analyzing actuals and plan cost data, reviewing cost breakdown and year-over-year cost change analysis for all finished and semi-finished products for Operations and Commercial and analyzing/reporting for the $10 Billion Deferred Margin balance, in the margin pool. Responsible for product master data analysis, costing SPK and closing all the master data gaps in the supply chain, as per product financial flow and transfer price and costing components of the LBE and Plan schedules. Update inter-company relationships for each material with special procurement keys (SPKs) and extend materials to IP holder plants in obs. Work directly with Plants on monthly close process and financial reporting to ensure complete, accurate and timely monthly actual results, including PPV variance commentary for P&L, balance sheet and for quarterly LBE submissions to upper management. Calculate, review and approve Margin Relief for US plants and OUS commercial for distressed inventory (disposals/donations), Material Usage Variances (MUVs), that is not captured automatically in SMART. Calculate and post Standard Revision Variance (SRV) and Purchase Price Variance (PPV) during month-end close, to put P&L and the Margin Balance Sheet pool account Understands monthly results and communicates issues to the business/plants to resolve and/or develop an action plan and analyze YOY cost change analysis, and provide updates to operations and Commercial HQ Prepare various reconciliations of third-party vendor payments to ensure control and financial reporting accuracy Review and analyze Simpac for the out of balance in Inventory In-Transit account and take necessary steps to clear the account Analyze and certify unidentified amounts in Blackline account reconciliations after each month close with relevant supporting documentation Lead various adhoc analysis to support business strategy and drive process improvements Leading major task for creation and setup of Inter-Company relationship procurement keys for Allergan legacy into AbbVie SAP integration, which is a 2 year project.
Finance Master Data Supervisor, FMD
AbbVie
01.2013 - 04.2018
- Review, analyze and manage finance master data for U.S GAAP, local GAAP and internal reporting needs. Extensively involved in the AbbVie foundation project, including rollout and hypercare activities. Manage internal and external audit requests. Create and maintain process documentation. SOX testing and assisted in defining controls. Manage month-end and year-end close jobs/activities in SAP. Proficient in SAP and able to manage, interpret and report on fragmented and voluminous data.
Sr. Analyst Business Systems, FMD
Abbott
10.2003 - 12.2012
- I worked in multiple different roles in Abbott from 2002 to 2012,
- Started my Abbott areer in CRQS (Corporate Regulatory and Quality Science), Accounts Payable and FMD (Finance Master Data).
- Analyze and manage finance master data for U.S GAAP and international affiliates.
- Provide KGL (corp general ledger)/SAP data files to D&T for monthly audit Maintained CATs (time management) and payroll systems. Provided support to finance users as a divisional security coordinator and assigning mitigating controls for audit requests Maintain SRM approval tables for budgetary, financial, balance sheet and project accounting.
- Perform annual SRM recertification and comply with CFM policy and work closely with SOX team. Provided support for Symphony project for SAP mapping & data migration Maintain business impact analysis (BIA) for internal audit review and treasury risk management systems.
- Review and process inbound and outbound invoices in an Oracle based system for multiple vendors. Perform weekly/monthly accounts payable reconciliations and verify invoices to be paid and already processed, by creating a dashboard with the number of vendor invoices each month.
- Created and published quarterly newsletters for validation program. Maintained and tracked tasks and timelines for projects, providing weekly update to upper management using MS Project. Review/proof read policies and procedures and participated in monthly Validation Review Board (VRB) meetings.
Education
Master's in Business Administration (MBA) - Project Management
DeVry University
Chicago, IL01.2020
Bachelor's in Commerce (BCom) - Accounting, Banking & Finance and Business Entrepreneurship
Pune University
Diploma in Business Management (PGDBM) - Accounting & Finance
Pune University
01.2000
Skills
- Portfolio management
- Customer relationship development
- Human resources
- Workflow coordination
- Mergers and acquisitions
- Verbal and written communication
- P&L tracking
Affiliations
- Member of PMCoP - AbbVie Project Management Community of Practice
- Member of AbbVie ERG ALN - Asian Leadership Network
Hobbies and Interests
Play board games with daughter, church activities, travel, connect with family and friends, cook, read etc.
Training
- SAP - S4 Hana, IPS (Inter Company Pricing System, BI)
- Microsoft Excel, Word and PowerPoint
- MS Project, MS Visio, MS Access
- Introduction to Business Analysis, Introduction to Project Manager
- Requirements Gathering and Management and Mastering Scope requirements
Languages
English
Full Professional
Malayalam
Native or Bilingual
Hindi
Native or Bilingual
Marathi
Limited Working
Timeline
Finance Manager, Global Transfer Pricing
AbbVie
08.2023 - Current
Manager, Corporate Accounting
AbbVie
08.2021 - 07.2023
Finance Lead, Sales and Margin Accounting
AbbVie
05.2018 - 07.2021
Finance Master Data Supervisor, FMD
AbbVie
01.2013 - 04.2018
Sr. Analyst Business Systems, FMD
Abbott
10.2003 - 12.2012
Bachelor's in Commerce (BCom) - Accounting, Banking & Finance and Business Entrepreneurship
Pune University
Diploma in Business Management (PGDBM) - Accounting & Finance
Pune University
Master's in Business Administration (MBA) - Project Management
DeVry University
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