Senior Manager, Pricing & Reimbursement

Who we are

Together, we’re on a mission to make good health more affordable and accessible, to help millions around the world enjoy healthier lives. It’s a mission that bonds our people across nearly 60 countries and a rich, diverse variety of nationalities and backgrounds. Working here means working with the world’s leading manufacturer of generic medicines, and the proud producer of many of the products on the World Health Organization’s Essential Medicines List. Today, at least 200 million people around the world take one of our medicines every single day. An amazing number, but we’re always looking for new ways to continue making a difference, and new people to make a difference with.

The opportunity

The primary role of the Sr, Manager, Pricing & Reimbursement is to coordinate pricing activities and provide the related pricing analysis and support.  Responsibilities include leading adherence to the pricing policies and procedures, evaluating price increases, securing approval of new product pricing, managing the price increase proposal and approval process and coordinating state brand price transparency reporting. The Sr. Manager, Pricing is expected to be a subject matter expert on gross to net sales and will report to the Sr. Director – Strategic Pricing & Reimbursement. This
position will provide support for all Teva US Products (brands and biosimilars).

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. 

• Support Value & Access Strategy Teams by consulting with business units on pricing strategies and proposals. Calculate and communicate the financial impacts of proposed pricing actions, such as launch and WAC pricing updates, and verify that all appropriate checks and approvals are completed.
• Support Contracting Team in their efforts to assess GTN impacts for contracting updates. Develop analysis tools to evaluate pricing proposals. Effectively utilize existing data and systems to support the pricing function.
• Work closely with the Government Pricing Team to ensure all calculation impacts are considered when analyzing strategic pricing updates (Best Price, AMP, URA, CPI Penalty & ASP)
• Work with Sr. Director, Pricing & Reimbursement to lead, facilitate, and record Pricing Committee meetings and approvals.
• Establish and create pricing policies and procedures. Ensure procedures are followed and approvals obtained as appropriate.  Coordinate with internal stakeholders to ensure pricing actions are implemented timely and accurately.  
• Track and manage state pricing transparency policy submissions.
• Own process for Federal Contracts from analysis to implementation. (VA/FSS (TPR), DoD, National Contract, solicitations)
• Responsible for building and maintaining the pricing database to document and address pricing issues as they occur. Communicate pricing updates internally, both Teva portfolio and competitor.
• Provide expertise to all brands on Medicaid and Federal pricing, ASP, and Reimbursement.                                                                                                                  
• 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.
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The ideal candidate will be based in our Parsippany, NJ office and work in a hybrid setting.

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, master’s degree preferred.
• Minimum of 5 years of experience in pharmaceutical pricing, Market Access, Payer contracting or government pharmaceutical price forecasting/reporting.
• Forecasting and predictive modeling experience.

 

Skills/Knowledge/Abilities:

• Basic understanding of the pharmaceutical industry, payer segments, the pharmaceutical pricing environment, and business analysis.
• Strong financial analysis skills including extensive familiarity with Microsoft Excel.
• Ability to prepare and present results to senior management.
• Excellent organizational, planning, and written/verbal communication skills.
• Strong understanding of the regulatory requirements as it pertains to contracting, third party payers, and the government pricing environment.

 

TRAVEL REQUIREMENTS

• Approximately10 – 1