Specialist - Rebate / Alt. Models & Business Assurance

About the Department 

The Finance & Operations department brings insights and intelligence to inform decision making & drives digitalization and business solutions to attain NNI goals. Finance & Operations works closely across the organization to guide enterprise-wide resource allocations, investment choices, drive core operations and develop insights to drive growth and operational excellence across the value chain while innovating for future capabilities. Our focus on innovation ensures we're constantly building future capabilities. We're responsible for regulating accounting, upholding workplace safety, managing our supply chain and sampling, supporting technological and data innovation, maintaining our facilities and assuring the integrity and completeness of all business transactions. At Novo Nordisk, you will have the opportunity to build a career in a global business environment. We encourage our employees to make the most of their talent, and we reward hard work and dedication with opportunities for continuous learning and personal development. Are you ready to maximize your potential with us?

The Position

This position supports rebate processing and business assurance activities under Rebate Operations & Business Assurance. Ensures timely and accurate payment of rebate payments for Strategic and Non-Strategic customers for Commercial, Part D and Alternative Business Models. Reviews and analyzes the results of rebate calculations and identifies and reports status and exceptions.

Provides analytical and consulting services in support of delivering and executing projects related to Business Assurance.

Relationships

The position reports to the head of Rebate Operations and works closely with Business Assurance, Strategic Pricing & Contracting, and other field and home office stakeholders. External relationships include Alternative Model Business Partners, Managed Care & Medicare customers, Market Access and System Vendors.

Essential Functions

• Assists customers and management with questions or problems arising with contracts and payments and troubleshoots accordingly.
• Assists with both internal and external audits.
• Creates special reports and provides analysis support to management based on trends and needs.
• Ensures accurate reporting to finance and treasury(i.e., monthly treasury reporting, monthly and periodic reconciliations to other reporting systems)
• Identifies and analyzes performance trends and provides recommendations and insights to management.
• Identifies missing claims data and works with customers in gathering and obtaining this data.
• Inputs, reviews, validates, processes and analyzes rebate payments and adjustments ranging from $100K - $200M or more; ensures payments are paid within the required timeframes and conditions, as stated in the contractual agreements.
• Prepares and provides contract reports (i.e., sales, rebate pricing, reconciliation) to field sales and home office management.
• Responsible for proper distribution of funds and reporting to field sales and rebate customers.
• Reviews and analyzes contract terms and conditions of contracts. Ensures data in validation and rebate systems reflect the contract terms for accurate processing.
• Reviews and recommends contract language to management.
• Formats incoming claims data (received on tape, diskette, etc.) from contract customers; manipulates data to ensure proper format.
• Provides support for data loading efforts to ensure that all data received is loaded accurately and in a timely manner prior to data validation. Coordinates with external source for loading and scrubbing of rebate claims data.
• Works with external vendor and customer to resolve data issues.
• Provides support for ensuring all data is received and accurately tracked to ensure on time payment.
• Provides support for ensuring all documentation for payments and contracts are filed and updated accurately.
• Provides support for generating and distributing all supporting reports provided to the field and customers for reconciliation.
• Assists with implementing enhancements for data validation and rebate systems.
• Creates and maintains rebate agreements in the rebate system.
• Ensures that A/