Analyst, Purchase Based Rebates, Brand & Generic
Parsippany, United States, New Jersey, 07054
Who we are
The opportunity
The Purchase Based Rebates Analyst, processes commercial rebate claims in accordance with the terms and conditions of the rebate contract and internal processing procedures for all Teva generic products as well as brand/specialty products. He / She will process and validate all Rebates, analyze rebate differences, accurately forecast weekly rebate payments for Treasury, review all customer contracts and maintain superior level of customer service. This positions reports to the Manager, Purchase Based Rebates, Brand and Generic.
How you’ll spend your day
• Responsible for processing Rebates and Admin Fees in accordance to T&C’s.
• Responsible for pulling together the rebate and admin payment support for the review and verification by the Manager, Purchase Based Rebates for approval.
• Analyze rebate variances and determine cause(s) of any differences and provide solutions, working closely with the AR team.
• May train for the calculation and processing of Specialty Rebates, Volume Incentive Rebates, and other rebates processed in the Model N Flex system and/or manually.
• Calculate Brand/Generic claims accurately and timely, provide monthly accrual needs to Revenue Management teams.
• Accurately record current and future rebate payments for cash reporting to Treasury. Will be responsible to help in the analysis for providing accurate weekly rebate check payment forecasts to ensure timely customer payment and maximize Teva’s cash flow.
• Help in the review of customer T&Cs (draft and final versions). Ensure that all changes and new rebates are set-up accurately in Model N Flex and are properly accrued for Revenue Management.
• Analyze customer deductions to determine if valid and work closely with A/R to resolve while also looking for trends.
• Work with IT to develop and implement rebate reports to support customer payments in BI tools.
Note: This role is a hybrid role and can report to either the Parsippany, NJ site or North Wales, PA site, whichever is closet to the person selected.
Your experience and qualifications
• Preferred: Bachelor’s degree
• Required: HS Diploma AND at least 1 year Pharmaceutical operational experience, preferably with reimbursements (Purchase Based or Managed Care Rebates, Medicaid Rebates, Chargebacks).
• Excel required; Model N Flex or comparable software and/or SAP a plus
Compensation Data
The annual starting salary for this position is between $77,000 – $96,000 annually. Factors which may affect starting salary within this range and level of role may include geography/market, skills, education, experience and other qualifications of the successful candidate.
Enjoy a more rewarding choice
We offer a competitive benefits package, including:
• Comprehensive Health Insurance: Medical, Dental, Vision, and Prescription coverage starting on the first day of employment, providing the employee enrolls.
• Retirement Savings: 401(k) with employer match, up to 6% and an annual 3.75% Defined Contribution to the 401k plan.
• Time Off: Paid Time Off including vacation, sick/safe time, caretaker time and holidays.
• Life and Disability Protection: Company paid Life and Disability insurance.
• 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.
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 Commitment
Teva 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 Carefully Teva 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.
