Director, Managed Care Payer Contracting (V&A)

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 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 rela