Associate Director, Strategic Pricing (Parsippany, NJ)
Parsippany, United States, New Jersey, 07005
Who we are
The opportunity
Join Teva as an Associate Director, Strategic Pricing and lead key pricing strategies for U.S. Brand and Biosimilar products. You'll ensure compliance with pricing policies, analyze price adjustments, and project ASP for Medicare Part B drugs. As a pricing expert, you’ll drive analytics on biosimilars and manage gross-to-net sales processes. Your role will also involve expertise in the Medicaid Drug Rebate Program and the 340B Drug Pricing Program.
How you’ll spend your day
- 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.
All areas of responsibility listed above 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.
Your experience and qualifications
- Bachelor’s Degree - required; Focus on Mathematics, Finance, or related business discipline - highly preferred; MBA - preferred
- 7+ years of progressive experience in the pharmaceutical industry within Brand pricing, government pricing, GTN, Market Access, or Payer contracting
- Demonstrated broad knowledge of the pharmaceutical industry - required
- Strong financial analysis skills including extensive familiarity with Microsoft Excel - required
- Ability to prepare and present results to senior management - required
- Excellent attention to detail, as well as organizational, planning, and written/verbal communication skills - required
- 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
Any equivalent combination of education, training and/or experience that fulfills the requirements of the position will be considered.
Role location
Parsippany, New Jersey
This hybrid position requires working three days in the office and two days remotely each week. The ideal candidate should reside within a commutable distance to Teva’s Parsippany office.
Travel requirements: Approximately 5-10% domestic travel throughout the US.
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, 13 paid Holidays and 3 paid floating holidays.
- Life and Disability Protection: Company paid Life and Disability insurance.
- Additional benefits include, but not limited to, Employee Assistance Program, Employee Stock Purchase Plan, Tuition Assistance, Flexible Spending Accounts, Health Savings Account, Life Style Spending Account, Volunteer Time Off, Paid Parental Leave, if eligible , Family Building Benefits, Virtual Physical Therapy, Accident, Critical Illness and Hospital Indemnity Insurances, Identity Theft Protection, Legal Plan, Voluntary Life Insurance and Long Term Disability and more.
Already Working @TEVA?
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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.
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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.
