Director, Managed Care Payer Contracting (V&A)
Parsippany, United States, New Jersey, 07054
Who we are
The opportunity
The Director, Managed Care Payer Contracting is a key leadership role within Value & Access that’s responsible for overseeing the development, negotiation, preparation, and operational excellence of Payer contract documentation. This position ensures that all contracting templates, deal structures, and amendments are accurately authored, aligned with strategic objectives, compliant with regulatory requirements, and effectively support revenue goals. The Director will collaborate closely with the Account Management, Legal, Finance, Operations, and Compliance teams to drive efficiency and consistency across the contract lifecycle. This position will have multiple direct reports and support Teva’s Innovative and Biosimilar product portfolio.
Location: This is a hybrid opportunity that can be based out of our Parsippany, NJ or West Chester, PA offices.
How you’ll spend your day
All 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.
- Lead the creation, revision, and management of all payer contract templates, language libraries, and standardized documents
- Serve as a subject matter expert on contract structure, terminology, and risk mitigation strategies with keen understanding of how contractual language impacts financial modeling; support Account Management in customer meetings and negotiations as needed
- Closely Partner with the Account Managment, Payer Analytics, Payer Marketing and Finance to prepare customized contracts and amendments that support strategic payer initiatives
- Ensure payer contracts accurately reflect negotiated terms and align with organizational financial and operational objectives
- Lead and oversee the contract approval process to ensure proper governance, organizational awareness and Leadership alignment
- Develop and implement best practices, standard operating procedures (SOPs), and quality control measures for payer contract authoring
- Collaborate with Legal and Compliance teams to ensure contracts adhere to current laws, regulations, and accreditation standards
- Implement contract management systems or technology solutions to improve workflow, tracking, version control, and collaboration
- Monitor industry trends, regulations, and payer market dynamics to proactively adjust contract templates and terms as needed
- Lead and develop a high-performing team of contract authors
- Train and mentor internal stakeholders on contracting processes and best practices
- Support audits, compliance reviews, and due diligence activities related to payer agreements
Your experience and qualifications
Any equivalent combination of education, training and/or experience that fulfills the requirements of the position will be considered.
Education/Certification/Experience:
- Bachelor's degree required, MBA, JD or equivalent preferred
- Minimum 10 years of Brand Pharmaceutical Pricing and Contracting or equivalent related experience
- Minimum 4 years of leadership experience managing teams and cross-functional initiatives
- Deep understanding of healthcare reimbursement models and benefit designs (pharmacy, medical benefit, innovative and value-based contracting, etc.), regulatory environments, and commercial and government payer dynamics
Skills/Knowledge/Abilities:
- Strong financial acumen, analytical and negotiation skills, with the ability to translate insights into business impacts and actionable next steps
- Exceptional writing, editing, and verbal communication skills
- Strong attention to detail and ability to translate complex negotiation points into clear, actionable contract language
- Deep experience within Commercial GPO/PBM/MBMs, Medicare Part D/B and Medicaid contracting channels
- Understanding of U.S. regulations and policies relating to manufacturer contracting
TRAVEL REQUIREMENTS
- Approximately 5 – 10% domestic travel throughout the US.
PHYSICAL REQUIREMENTS:
Occasional:
- Sitting for extended periods of time at workstation or mobile equipment.
Visual Acuity:
- Perform activities such as computer work, preparing and analyzing data, and extensive reading.
WORKING ENVIRONMENT
- May be required to wear personal protective equipment (PPE) as needed on site visits (i.e. safety glasses, hearing protection, gloves, etc.).
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.
· Additional benefits include, but are 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?
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 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.
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. Request a reasonable accommodation by sending an email to disabilityassistance@tevapharm.com with the nature of your request and your contact information. Only inquiries concerning a request for a reasonable accommodation will be responded to from this email address.
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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.
