GCC SENIOR FINANCIAL ANALYST

At Johnson & Johnson, we believe health is everything. Our strength in healthcare innovation empowers us to build a world where complex diseases are prevented, treated, and cured, where treatments are smarter and less invasive, and solutions are personal. Through our expertise in Innovative Medicine and MedTech, we are uniquely positioned to innovate across the full spectrum of healthcare solutions today to deliver the breakthroughs of tomorrow, and profoundly impact health for humanity. Learn more at jnj.com

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Job Function:

Finance

Job Sub Function:

Finance Business Partners

Job Category:

Professional

All Job Posting Locations:

Titusville, New Jersey, United States of America

Job Description:

Johnson & Johnson Innovative Medicine is recruiting for a Senior Financial Analyst, Government Contract Compliance.  This position is based in Titusville, New Jersey.

At Johnson & Johnson, we believe health is everything. Our strength in healthcare innovation empowers us to build a world where complex diseases are prevented, treated, and cured, where treatments are smarter and less invasive, and solutions are personal. Through our expertise in Innovative Medicine and MedTech, we are uniquely positioned to innovate across the full spectrum of healthcare solutions today to deliver the breakthroughs of tomorrow, and profoundly impact health for humanity. Learn more at https://www.jnj.com/

Position Overview

This position is responsible for providing strategic support to the Johnson & Johnson Government Contract Compliance (GCC) team for the Immunology franchise within Innovative Medicine US Commercial Finance.

This role will own all government pricing aspects and pricing analytics to support product launches and contracting decisions. In addition, this role will ensure overall compliance with applicable government policies and internal procedures when performing Government Pricing. Furthermore, this role will partner with Gross-to-Net (GTN) during the forecast cycles to provide handoffs related to the Medicaid, Medicare, Federal Supply Schedule & 340B Programs for supported Brands. This position will also collaborate closely with Pricing Strategy Finance as well as the Strategic Customer Group (SCG), Legal, and other groups to assess and present the impact of various contracting strategies on government pricing and government compliance requirements, ensuring appropriate treatment.

Key Responsibilities:

• Lead efforts in support of Medicaid program requirements and Medicare Drug Price Negotiations Program including federal policy assessment, compliance with iPAY manufacturer requirements and the execution of “MFP.” This includes collaborating with internal and external cross-functional teams to establish GP operational requirements, support system design, testing, training, and documentation. Identifying, developing and integrating new requirements into GCC base business and evolving processes accordingly, documentations and SOP/WI.

• GCC leadership for new system process design development, testing, training, and implementation

• Ensure new policy requirement compliance by establishing CORE GP G/L and 340B (including subceiling) reconciliation processes, identifying and developing validation reports, and documenting procedures as SOPs/Work Instructions.

• Perform government-mandated calculations and refiles (Medicaid - AMP, BP, Medicare - ASP, 340B, FSS - NFAMP, FCP, etc.) for specific Brands. This involves understanding government pricing policies, analyzing and interpreting data trends to comment on and ensure that variances in the calculation results from month to month, quarter to quarter, or versus WAC are appropriate.

• Forecast government prices and communicate significant government pricing calculation variances with potential impact to GTN.

• Review Contract Pricing Committee (CPC) pricing strategies and present GCC impact at CPC meetings for supported Brands from a government pricing perspective and coordinate operational implementation efforts within various groups in SCG to ensure government pricing c