1 Associate Director, Strategic Pricing - Parsippany, NJ Job in Parsippany, NJ
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Associate Director, Strategic Pricing - Parsippany, NJ
$185k-220k (estimate)
Full Time | Pharmaceutical
1 Month Ago
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Teva Pharmaceuticals is Hiring an Associate Director, Strategic Pricing - Parsippany, NJ Near Parsippany, NJ
Who We AreTogether, we’re on a mission to make good health more affordable and accessible, to help millions around the world enjoy healthier lives. It’s a mission that bonds our people across nearly 60 countries and a rich, diverse variety of nationalities and backgrounds. Working here means working with the world’s leading manufacturer of generic medicines, and the proud producer of many of the products on the World Health Organization’s Essential Medicines List. Today, at least 200 million people around the world take one of our medicines every single day. An amazing number, but we’re always looking for new ways to continue making a difference, and new people to make a difference with.
The opportunityThe primary role of the Associate Director, Strategic Pricing is to coordinate pricing activities and provide related pricing analysis and support for all Teva US Brand and Biosimilar products. Responsibilities include leading adherence to the pricing policies and procedures, evaluating price increases (including the impacts of price protection and government pricing), projecting ASP for Medicare Part B buy-and-bill drugs, and acting as Pricing’s point person for analytics on current and future biosimilar products. The Associate Director is expected to be a subject matter expert on gross to net sales, the Medicaid Drug Rebate Program, and the 340B Drug Pricing Program, and will report to the Director – Brand Pricing & Administration.
How You’ll Spend Your DayAll areas of responsibility listed below are essential to the satisfactory performance of this position by any incumbents with reasonable accommodation if necessary. Any non-essential functions are assumed to be included in other related duties or assignments.
Education/Certification/Experience
Already Working @TEVA?If you are a current Teva employee, please apply using the internal career site available on "Employee Central". By doing so, your application will be treated with priority. You will also be able to see opportunities that are open exclusively to Teva employees. Use the following link to search and apply: Internal Career Site
The internal career site is available from your home network as well. If you have trouble accessing your EC account, please contact your local HR/IT partner.
Teva’s Equal Employment Opportunity CommitmentTeva Pharmaceuticals is committed to equal opportunity in employment. It is Teva's global policy that equal employment opportunity be provided without regard to age, race, creed, color, religion, sex, disability, pregnancy, medical condition, sexual orientation, gender identity or expression, ancestry, veteran status, national or ethnic origin or any other legally recognized status entitled to protection under applicable laws. We are committed to a diverse and inclusive workplace for all. If you are contacted for a job opportunity, please advise us of any accommodations needed to support you throughout the recruitment and selection process. All accommodation information provided will be treated as confidential and used only for the purpose of providing an accessible candidate experience.
Important notice to Employment Agencies - Please Read CarefullyTeva Pharmaceuticals USA does not accept unsolicited assistance from agencies for employment opportunities. All CVs / resumes submitted by search firms to any employee at our company without a valid written search agreement in place for this position will be deemed the sole property of our company. No fee will be paid in the event a candidate is hired by our company as a result of an agency referral where no pre-existing agreement is in place. Where agency agreements are in place, introductions are position specific. Please, no phone calls or emails.
Teva Pharmaceuticals is committed to equal opportunity in employment. It is Teva's policy that equal employment opportunity be provided without regard to age, race, creed, color, religion, sex, disability, pregnancy, medical condition, genetic information, marital status, sexual orientation, gender identity or expression, ancestry, national or ethnic origin, citizenship status, military status or status as a disabled or protected veteran, or any legally recognized status entitled to protection under applicable federal, state, or local laws.
The opportunityThe primary role of the Associate Director, Strategic Pricing is to coordinate pricing activities and provide related pricing analysis and support for all Teva US Brand and Biosimilar products. Responsibilities include leading adherence to the pricing policies and procedures, evaluating price increases (including the impacts of price protection and government pricing), projecting ASP for Medicare Part B buy-and-bill drugs, and acting as Pricing’s point person for analytics on current and future biosimilar products. The Associate Director is expected to be a subject matter expert on gross to net sales, the Medicaid Drug Rebate Program, and the 340B Drug Pricing Program, and will report to the Director – Brand Pricing & Administration.
How You’ll Spend Your DayAll areas of responsibility listed below are essential to the satisfactory performance of this position by any incumbents with reasonable accommodation if necessary. Any non-essential functions are assumed to be included in other related duties or assignments.
- Liaison with Finance, Demand Forecasting, and the Brand Marketing team to determine forward-looking assumptions on buy-and-bill drugs. Develop ASP projections. Provide expertise and guidance on Medicare Part B ASP calculations, reimbursement rates, and net cost recovery.
- Support launch of future products. Provide strategic guidance and pricing analytics to aid in determination of launch pricing. Develop pricing recommendations and ensure approvals are obtained prior to launch.
- Consult with business units on pricing strategies and proposals. Calculate and communicate the financial impacts of proposed pricing actions and verify that pricing policies and procedures are followed, and approvals obtained as appropriate.
- Develop analysis tools to evaluate pricing proposals. Effectively utilize existing data and systems to support the pricing function. Act as first-line reviewer of pricing analytics to ensure accuracy of the Pricing team’s deliverables.
- Attend various Pricing and Contracting training and industry meetings to stay current on regulatory requirements, Medicaid and Federal pricing regulations, and legislation impacting pharmaceutical pricing.
Education/Certification/Experience
- Bachelor’s Degree required; Focus on Mathematics, Finance, or related business discipline highly preferred; MBA preferred.
- Minimum 7 years of progressive experience in the pharmaceutical industry within Brand pricing, government pricing, GTN, Market Access, or Payer contracting.
- Experience Required:
- Demonstrated broad knowledge of the pharmaceutical industry.
- Strong financial analysis skills including extensive familiarity with Microsoft Excel.
- Ability to prepare and present results to senior management.
- Excellent attention to detail, as well as organizational, planning, and written/verbal communication skills.
- Pharmaceutical brand pricing experience
- Forecasting and predictive modeling experience.
- Experience in biosimilars and buy-and-bill.
- Strong understanding of the medical and pharmacy benefit market access landscape.
- Strong understanding of the regulatory requirements as it pertains to contracting, third-party payers, and the government pricing environment.
- Knows and uses strong planning and organizing skills and practices.
- Able to work well independently and as a member of a team.
- Able to prioritize competing and time sensitive tasks.
- Uses clear, proactive and concise written and verbal communication.
- Able to effectively communicate complex financial concepts to team members.
- Demonstrates appropriate judgment and ability to make decisions.
- Professional in image, behavior and high standards of performance.
- Establishes strong relationships with internal and external customers as appropriate.
- Overcomes barriers to establish successful relationships.
- Understands gross to net sales variables and gross margin analysis.
- Demonstrates strong understanding of product discounts including cash discounts, rebates, Medicaid programs, trade discounts and federal discounts.
- Strong analytical skills. Comfortable analyzing large data sets.
- Innovative thinker with a desire for continuous learning.
- Intellectual curiosity to go beyond the numbers/bring strategic ideas and insights.
- Highly skilled in Microsoft Excel and well versed in Data and Query tools.
- Approximately 5-10% domestic travel throughout the US.
Already Working @TEVA?If you are a current Teva employee, please apply using the internal career site available on "Employee Central". By doing so, your application will be treated with priority. You will also be able to see opportunities that are open exclusively to Teva employees. Use the following link to search and apply: Internal Career Site
The internal career site is available from your home network as well. If you have trouble accessing your EC account, please contact your local HR/IT partner.
Teva’s Equal Employment Opportunity CommitmentTeva Pharmaceuticals is committed to equal opportunity in employment. It is Teva's global policy that equal employment opportunity be provided without regard to age, race, creed, color, religion, sex, disability, pregnancy, medical condition, sexual orientation, gender identity or expression, ancestry, veteran status, national or ethnic origin or any other legally recognized status entitled to protection under applicable laws. We are committed to a diverse and inclusive workplace for all. If you are contacted for a job opportunity, please advise us of any accommodations needed to support you throughout the recruitment and selection process. All accommodation information provided will be treated as confidential and used only for the purpose of providing an accessible candidate experience.
Important notice to Employment Agencies - Please Read CarefullyTeva Pharmaceuticals USA does not accept unsolicited assistance from agencies for employment opportunities. All CVs / resumes submitted by search firms to any employee at our company without a valid written search agreement in place for this position will be deemed the sole property of our company. No fee will be paid in the event a candidate is hired by our company as a result of an agency referral where no pre-existing agreement is in place. Where agency agreements are in place, introductions are position specific. Please, no phone calls or emails.
Teva Pharmaceuticals is committed to equal opportunity in employment. It is Teva's policy that equal employment opportunity be provided without regard to age, race, creed, color, religion, sex, disability, pregnancy, medical condition, genetic information, marital status, sexual orientation, gender identity or expression, ancestry, national or ethnic origin, citizenship status, military status or status as a disabled or protected veteran, or any legally recognized status entitled to protection under applicable federal, state, or local laws.
Job Summary
JOB TYPE
Full Time
INDUSTRY
Pharmaceutical
SALARY
$185k-220k (estimate)
POST DATE
07/14/2024
EXPIRATION DATE
08/10/2024
WEBSITE
tevapharm.com
HEADQUARTERS
FAIRFIELD, NJ
SIZE
15,000 - 50,000
FOUNDED
1901
CEO
EREZ VIGODMAN
REVENUE
$200M - $500M
INDUSTRY
Pharmaceutical
Related Companies
About Teva Pharmaceuticals
Teva Pharmaceuticals has been developing and producing medicines to help improve peoples lives for more than a century. We are committed to being a global leader in generic and specialty medicines with a portfolio of 3,500 products in nearly every therapeutic area. Around 200 million people around the world take a Teva medicine every day. They are served by one of the largest and most complex supply chains in the pharmaceutical industry. Along with our established presence in generics, we have significant innovative research and operations supporting our growing portfolio of specialty and biop...harmaceutical products. Learn more at www.tevapharm.com. Please note that adverse effects for any of our products should be reported to: Safety.AE@teva.co.il Product-specific questions should be directed to Teva or Teva Group subsidiaries in your country. Contact details and Teva's Pharmacovigilance Privacy Policy may be found here: http://www.tevapharm.com/contact_us/
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