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Senior Director, Global Pricing and Economics

Bristol Myers Squibb
Princeton Pike - NJ, United States, United Statesfull_timeVerifiedPosted 17 Jan 2025

About the role

Working with Us
Challenging. Meaningful. Life-changing. Those aren’t words that are usually associated with a job. But working at Bristol Myers Squibb is anything but usual. Here, uniquely interesting work happens every day, in every department. From optimizing a production line to the latest breakthroughs in cell therapy, this is work that transforms the lives of patients, and the careers of those who do it. You’ll get the chance to grow and thrive through opportunities uncommon in scale and scope, alongside high-achieving teams rich in diversity. Take your career farther than you thought possible.

Bristol Myers Squibb recognizes the importance of balance and flexibility in our work environment. We offer a wide variety of competitive benefits, services and programs that provide our employees with the resources to pursue their goals, both at work and in their personal lives. Read more: careers.bms.com/working-with-us.

Summary:

The Senior Director, Global Pricing and Economics leads a Pricing & Economics team supporting the U.S. Oncology & Hematology portfolio and drives the integration of market intelligence, competitor pricing trends, and health economic data to inform the development and optimization of pricing and contracting strategies that supports commercial, market access, and organizational objectives, maximizing revenue and market share across product life cycle, including pipeline/early assets, launch, Inline and Mature brands.

Responsibilities:


Pricing & Contracting Insights & Strategy Development 

  • Collaborates with Global Pricing and Access Strategy leads, Brand, Finance, HEOR, and Global teams to ensure pricing decisions are well-informed and data driven.

  • Leads complex analysis to understand price elasticity, payer willingness to pay, and set price points for new and existing products and/or new indications.

  • Establish pricing methodologies, KPIs, and best practices, to support brand performance monitory and drive performance.

  • Support the development of forecasting for early assets and inform pipeline prioritization.

  • Drive execution of brand access & contracting strategy by engaging and partnering with Global Max functional teams including Contract Management & Operations, Government Pricing, Legal Trade and Patient Support.

  • Partners closely with Contract Strategy and Analytics and assists driving through the Negotiating Team/approval process.

  • Studies and develops familiarity with pharmaceutical economics and regulations which currently affect pricing in all U.S. Channels and/or represent a future risk.

  • Monitors developments, and trends in the marketplace that could positively or negatively affect brand access and performance.

  • Partner closely with Market Access, Finance, Commercial Operations, and Legal to ensure alignment and compliance with pricing strategies and operational processes.

  • Provide pricing related input and feedback as needed to corporate strategy and valuation, commercial operations, business analytics, finance and forecasting.

  • Support early asset pricing and access (i.e., DEX) evaluations as necessary and ensuring the key pricing input and insights are incorporated in the clinical study design process for optimized access & pricing conditions at launch.

  • Engage with external stakeholders, including payers, healthcare providers, and regulatory bodies, to support value-based pricing and reimbursement approaches.

Governance & Financial Planning

  • Develop and Maintain SOPs and governance frameworks (i.e., Grants of Authority) to manage pricing and contracting decisions. Ensure they are adhered to and kept up to date with prevailing market conditions and competitive landscape.

  • Lead U.S Pricing Committee Discussions requiring senior leadership approval and/or to inform and support transparent communication with senior leadership.

  • Monitor compliance with internal controls, global pricing policies, and external regulatory requirements (e.g., State Price Transparency)

  • Actively takes part in brand financial planning exercise including Budget, P1, P2, P3 and LTFP advising on rate & mix assumptions across channels and customers. Present Max gross to net assumptions in budget meetings.

Qualifications

  • BS/BA in an analytic field (e.g., Finance, Engineering, Economics, Science) MS/MA or MBA preferred or other relevant experience.

  • Extensive pharmaceutical industr

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Company

Bristol Myers Squibb

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