What are the responsibilities and job description for the Director, Contract Strategy and Operations (Tri-State area Candidates Only) position at PTC Therapeutics, Inc?
Key Responsibilities:
1.Operational Management:
* Oversee the day-to-day operations of the pricing and contract management
functions.
*Ensure the efficient execution of pricing strategies and policies.
*Manage the contract lifecycle, from drafting and negotiation to execution
and renewal.
1.Contract Management:
*Support and oversee the drafting, review, and management of contracts
with payers and other stakeholders.
*Ensure all contracts are compliant with legal and regulatory requirements
and aligned with business objectives.
*Build and maintain a contract management system to track contract status,
renewal dates, and compliance.
*Support implementation of pricing for new and existing products.
*Report on the effectiveness of pricing strategies and make
recommendations for adjustments as needed.
*Monitor competitive pricing and market trends to inform operational
decisions.
*Provide data-driven insights to support strategic planning and decision-
making.
2. Process Development and Improvement:
* Develop and implement standardized processes for pricing and contract
operations.
*Continuously identify and implement process improvements to enhance
efficiency, accuracy, and compliance.
*Leverage technology and data analytics to streamline operations and
support decision-making.
*Develop US SOP for pricing and contracting and align governance model
with Global process
3. Compliance and Risk Management:
* Ensure adherence to relevant laws, regulations, and industry standards
related to pharmaceutical pricing and contracting.
* Develop and implement policies and procedures to mitigate risks and
ensure compliance.
*Proactively manage risks associated with pricing and contracting, including
compliance with government pricing programs (e.g., Medicaid, Medicare).
4.Financial Analysis and Reporting:
* Conduct financial analysis to evaluate the impact of contract strategies
and contract terms on revenue and profitability. Prepare regular reports
and dashboards to monitor the performance of pricing and contract
operations.
* Provide insights and recommendations to senior leadership based on data
analysis and market trends.
5.Cross-functional Collaboration:
*Work closely with Sales, Marketing, Legal, Finance, and Market Access
teams to ensure alignment of pricing and contract operations with broader
business objectives.
*Facilitate communication and coordination between different departments
to ensure consistency and alignment.
6.Stakeholder Engagement:
*Engage with key external stakeholders, including, specialty pharmacies
payers, and industry associations, to build and maintain strategic
relationships.
*Manage vendor relationships and external partners
*** Candidate must be able to come to Warren, NJ as needed for meetings*****Job Description:
Responsibilities:
- Oversee the day-to-day operations of the pricing and contract management functions
- Establish and drive the strategic direction for contract negotiations with specialty pharmacies, payers, and other key stakeholders.
- Analyze and anticipate market trends, competitive dynamics, and pricing data to inform strategic decisions.
- Support complex contract negotiations with major payers, and other partners.
- Ensure all contracts are aligned with business objectives and compliant with legal and regulatory standards.
- Implement and maintain a robust contract management system to monitor contract status, renewals, and compliance.
- Collaborate with senior leaders in Sales, Market Access, Marketing, Legal, and Finance to align pricing and contracting strategies with broader organizational goals.
- Work closely with the market access team to ensure optimal market penetration and reimbursement for the company's products.
- Ensure adherence to relevant laws, regulations, and industry standards related to pharmaceutical pricing and contracting.
- Proactively manage risks associated with pricing and contracting, including compliance with government pricing programs (e.g., Medicaid, Medicare)
- Manage vendor relationships and external partners as it relates to contracts and pricing
- Develop US SOP for pricing and contracting and align governance model with Global process
Qualifications:
Advanced degree in Business, Finance, Economics, or a related field (MBA or equivalent preferred). Minimum of 10 years of experience in pricing, contracting, operations or a related function within the pharmaceutical or healthcare industry.
* Demonstrated success in high-level contract negotiation and strategic pricing implementation.
* Strong analytical skills and the ability to interpret and act on complex data.
* Excellent communication, negotiation, and leadership abilities.
* In-depth knowledge of pharmaceutical industry regulations and compliance requirements.
* Proficiency in advanced contract management software and financial analysis tools.
* Advanced financial modeling and analysis.
* Expertise in contract drafting and high-stakes negotiation.
* Deep regulatory knowledge and risk management.
SKILLS:
* Operational management and process improvement.
* Financial modeling and analysis.
* Contract drafting and negotiation.
* Regulatory knowledge and compliance.
* Effective communication and stakeholder engagement.
* Effective executive communication and presentation skills.
* Proficiency with Microsoft Office.
Travel requirements
* Primarily remote-based with occasional travel for high-level meetings and negotiations.
* Frequent interaction with senior leadership and external partners.
Expected Base Salary Range:
$195,800 - $246,400. The base salary offered will be contingent on assessment of candidate education level, background, and experience relative to the requirements of the position they are being considered for, as well as review of internal equity.
In addition to base salary, PTC employees are also eligible for short- and long-term incentives.All eligible employees may also enroll in PTC's medical, dental, vision, and retirement savings plans.
EEO Statement:
PTC Therapeutics is an equal opportunity employer. We welcome applications from all individuals, regardless of race, color, national origin, gender, age, physical characteristics, social origin, disability, religion, family status, pregnancy, sexual orientation, gender identity, gender expression, disability, veteran status or any unlawful criterion under applicable law. We are committed to treating all applicants fairly and avoiding discrimination.
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Salary : $195,800 - $246,400
