Director, Contract Strategy and Operations

Job Description Summary:

The Director of Contract Strategy and Operations is responsible for overseeing the operational aspects of Market Access contract strategies and management. This role involves ensuring the efficient execution of pricing policies, managing the contract lifecycle, ensuring compliance, and supporting revenue optimization and market access. The Director of Contract Strategy and Operations works closely with cross-functional teams to drive operational excellence and support the strategic goals of the US.

Key Responsibilities:
1. Operational Management:
• Oversee the day-to-day operations of the pricing and contract management functions.
• Ensure the efficient execution of pricing strategies and policies.
• Manage the contract lifecycle, from drafting and negotiation to execution and renewal.
1. Contract Management:
• Support and oversee the drafting, review, and management of contracts with payers and other stakeholders.
• Ensure all contracts are compliant with legal and regulatory requirements and aligned with business objectives.
• Build and maintain a contract management system to track contract status, renewal dates, and compliance.
• Support implementation of pricing for new and existing products.
• Report on the effectiveness of pricing strategies and make recommendations for adjustments as needed.
• Monitor competitive pricing and market trends to inform operational decisions.
• Provide data-driven insights to support strategic planning and decision-making.
2. Process Development and Improvement:
• Develop and implement standardized processes for pricing and contract operations.
• Continuously identify and implement process improvements to enhance efficiency, accuracy, and compliance.
• Leverage technology and data analytics to streamline operations and support decision-making.
• Develop US SOP for pricing and contracting and align governance model with Global process
3. Compliance and Risk Management:
• Ensure adherence to relevant laws, regulations, and industry standards related to pharmaceutical pricing and contracting.
• Develop and implement policies and procedures to mitigate risks and ensure compliance.
• Proactively manage risks associated with pricing and contracting, including compliance with government pricing programs (e.g., Medicaid, Medicare).
4. Financial Analysis and Reporting:
• Conduct financial analysis to evaluate the impact of contract strategies and contract terms on revenue and profitability. Prepare regular reports and dashboards to monitor the performance of pricing and contract operations.
• Provide insights and recommendations to senior leadership based on data analysis and market trends.
5. Cross-functional Collaboration:
• Work closely with Sales, Marketing, Legal, Finance, and Market Access teams to ensure alignment of pricing and contract operations with broader business objectives.
• Facilitate communication and coordination between different departments to ensure consistency and alignment.
6. Stakeholder Engagement:
• Engage with key external stakeholders, including, specialty pharmacies payers, and industry associations, to build and maintain strategic relationships.
• Manage vendor relationships and external partners

Job Description:

Responsibilities:

• Oversee the day-to-day operations of the pricing and contract management functions
• Establish and drive the strategic direction for contract negotiations with specialty pharmacies, payers, and other key stakeholders.
• Analyze and anticipate market trends, competitive dynamics, and pricing data to inform strategic decisions.
• Support complex contract negotiations with major payers, and other partners.
• Ensure all contracts are aligned with business objectives and compliant with legal and regulatory standards.
• Implement and maintain a robust contract management system to monitor contract status, renewals, and compliance.
• Collaborate with senior leaders in Sales, Market Access, Marketing, Legal, and Finance to align pricing and contracting strategies with broader organizational goals.
• Work closely with the market access team to ensure optimal market penetration and reimbursement for the company’s products.
• Ensure adherence to relevant laws, regulations, and industry standards related to pharmaceutical pricing and contracting.
• Proactively manage risks associated with pricing and contracting, including compliance with government pricing programs (e.g., Medicaid, Medicare)
• Manage vendor relationships and external partners as it relates to contracts and pricing
• Develop US SOP for pricing and contracting and align governance model with Global process

Qualifications:

Advanced