Associate 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 Associate Director, Managed Care Payer Contracting plays a pivotal role in supporting the development, drafting, negotiation, and management of contractual agreements with payers, PBMs, and other market access stakeholders. This position ensures contract strategy aligns with organizational goals and compliance standards, facilitating appropriate patient access to therapies through well-structured, risk-appropriate contractual arrangement. The role combines strategic analysis, legal insight, and cross-functional collaboration to optimize payer relationships and business outcomes. This position will support Teva’s Innovative and Biosimilar product portfolio.

 

Location: This is a hybrid opportunity that can be based in 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.  

 

Contract Strategy and Development: 

• Collaborate with Account Management, Payer Contracting Analytics, Payer Marketing, Legal, Finance, Compliance, and Commercial teams to develop payer contracting strategies as aligned with Teva’s business objectives 
• Interpret business goals and translate them into clear, actionable contract language that appropriately captures all parties’ intent 

 

Authoring and Drafting: 

• Author and manage the lifecycle of National pharmacy and medical benefit payer contracts, including Commercial, Medicare and Managed Medicaid 
• Assess contract language risks and opportunities along with mitigation strategies, as appropriate, with a proactive and forward-thinking view  
• Draft language that reflects negotiated terms and ensures legal and regulatory compliance 
• Create and maintain contract templates, playbooks and clause libraries 

 

Review and Negotiation Support: 

• Work closely with Legal and Compliance teams to review terms and address legal risk 
• Support and/or lead negotiations with payers and GPOs/PBMs where appropriate in collaboration with Account Management 
• Coordinate redlines and counterproposals during the contract negotiation process 

 

Process Improvement and Governance: 

• Manage RFP and bid process for assigned accounts to meet required internal and external timelines  
• Lead Teva’s contract approval process to ensure organizational awareness and Leadership alignment 
• Optimize and standardize contract workflows, tools, and documentation practices 
• Ensure contracts are executed and stored per internal governance and audit requirements 
• Maintain knowledge of relevant laws, regulations, and industry best practices 

 

Cross-Functional Collaboration: 

• Serve as the liaison between internal teams and external partners to ensure alignment and successful contract implementation with key stakeholders, including Finance, Operations and Pricing 
• Partner with Payer Contracting Analytics, Finance and Compliance to ensure key contract changes impacting financials are captured for accrual and business planning purposes 
• Support Finance and Contract Compliance teams on audits, payment reconciliation and disputes, as necessary 
• Lead training sessions and provide guidance on contract language and interpretation from Teva’s business perspective 

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 in Business, Law, Healthcare Administration, or related field (MBA or JD or advanced degree preferred) 
• Minimum 7 years of experience in payer contracting, healthcare law, or managed care agreements (pharma/biotech or health insurance industr