What are the responsibilities and job description for the Manager, Medicaid Contracting and Rebate Administration position at Novartis Group Companies?
Job Description Summary
This position will be located at East Hanover, NJ site and will not have the ability to be located remotely. This position will require
Manage operations of the Medicaid Rebate department in an effort to provide prompt, accurate and compliant payment of Medicaid rebates for the Novartis, and its affiliate divisions. Responsible for the timely execution and monitoring of bids, contracts and modifications related to the Medicaid segment (Including Supplemental and State Program agreements).
LI-Hybrid
Job Description
Key Responsibilities :
- Initiate all contracts for Medicaid segment (Supplemental and State Programs). Must ensure all contracts are accurately executed in Model N for proper rebate adjudication.
- Liaison directly with states and PBAs for all bid responses and contract negotiations.
- Develop insightful analytics that both explain and predict revenue deduction fluctuations.
- Review & approve high volume of rebates payments.
- Assure data migration projects and other technical initiatives are successful.
- Manage cash flow demands, estimates and forecasts on a monthly basis.
- Minimize revenue leakage by leading data scrubbing projects and using innovative analytical tools. Obtain savings by disputing invoice errors. Open, negotiate and close dispute with states in a timely manner.
- Develop process improvements such as robotics and automation in order to stay current with industry standards and regulatory changes. Coach, mentor and train team members to reach their full success in the organization.
- Collaborate with FSC concerning payment processing, capturing adequate accruals and forecasting. Provide Shared Service partners with actionable insights concerning state, program and product trends.
- Calculate accurate rates for all Medicaid calculations and formulas use in proper adjudication. Perform quarterly pricing activities updates and entries in Medicaid Processing systems for all divisions.
- Manage training and development of analysts within the Medicaid team.
Essential Requirements :
3 years' experience in financial analysis, customer payments and contracts or related expertise. Pharmaceutical / biotech industry experience a must.
Desirable Requirements :
Novartis Compensation and Benefit Summary : The pay range for this position at commencement of employment is expected to be between : $103,600.00 and $192,400.00 / year; however, while salary ranges are effective from 1 / 1 / 25 through 12 / 31 / 25, fluctuations in the job market may necessitate adjustments to pay ranges during this period. Further, final pay determinations will depend on various factors, including, but not limited to geographical location, experience level, knowledge, skills, and abilities. The total compensation package for this position may also include other elements, including a sign-on bonus, restricted stock units, and discretionary awards in addition to a full range of medical, financial, and / or other benefits (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time, and parental leave), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment. If hired, employee will be in an "at-will position" and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department / team performance, and market factors.
EEO Statement :
The Novartis Group of Companies are Equal Opportunity Employers who are focused on building and advancing a culture of inclusion that values and celebrates individual differences, uniqueness, backgrounds and perspectives. We do not discriminate in recruitment, hiring, training, promotion or other employment practices for reasons of race, color, religion, sex, national origin, age, sexual orientation, gender identity or expression, marital or veteran status, disability, or any other legally protected status. We are committed to fostering a diverse and inclusive workplace that reflects the world around us and connects us to the patients, customers and communities we serve.
Accessibility and reasonable accommodations
The Novartis Group of Companies are committed to working with and providing reasonable accommodation to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the application process, or to perform the essential functions of a position, please send an e-mail to us.reasonableaccommodations@novartis.com or call 1(877)395-2339 and let us know the nature of your request and your contact information. Please include the job requisition number in your message.
Salary Range
103,600.00 - $192,400.00
Skills Desired
Ability To Influence Key Stakeholders, Building Effective Teams, Continuous Process Improvement, Contracts, Critical Thinking, Employee Engagement, Financial Accounting, Financial And Management Reporting, Medicaid, People Development, Planning & Analysis, Process Optimization, Rapid Problem Solving, Rebates, Understanding Value Drivers
Salary : $103,600 - $192,400
