Analyst, Purchase Based Rebates, Brand & Generic

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 Purchase Based Rebates Analyst, processes commercial rebate claims in accordance with the terms and conditions of the rebate contract and internal processing procedures for all Teva generic products as well as brand/specialty products. He / She will process and validate all Rebates, analyze rebate differences, accurately forecast weekly rebate payments for Treasury, review all customer contracts and maintain superior level of customer service.  This positions reports to the Manager, Purchase Based Rebates, Brand and Generic.

How you’ll spend your day

•    Responsible for processing Rebates and Admin Fees in accordance to T&C’s.
•    Responsible for pulling together the rebate and admin payment support for the review and verification by the Manager, Purchase Based Rebates for approval.
•    Analyze rebate variances and determine cause(s) of any differences and provide solutions, working closely with the AR team.
•    May train for the calculation and processing of Specialty Rebates, Volume Incentive Rebates, and other rebates processed in the Model N Flex system and/or manually.
•    Calculate Brand/Generic claims accurately and timely, provide monthly accrual needs to Revenue Management teams.
•    Accurately record current and future rebate payments for cash reporting to Treasury.  Will be responsible to help in the analysis for providing accurate weekly rebate check payment forecasts to ensure timely customer payment and maximize Teva’s cash flow. 
•    Help in the review of customer T&Cs (draft and final versions).  Ensure that all changes and new rebates are set-up accurately in Model N Flex and are properly accrued for Revenue Management.
•    Analyze customer deductions to determine if valid and work closely with A/R to resolve while also looking for trends.
•    Work with IT to develop and implement rebate reports to support customer payments in BI tools.

Note: This role is a hybrid role and can report to either the Parsippany, NJ site or North Wales, PA site, whichever is closet to the person selected. 

Your experience and qualifications

•    Preferred: Bachelor’s degree 
•    Required: HS Diploma AND at least 1 year Pharmaceutical operational experience, preferably with reimbursements (Purchase Based or Managed Care Rebates, Medicaid Rebates, Chargebacks).  
•    Excel required; Model N Flex or comparable software and/or SAP a plus

Compensation Data

The annual starting salary for this position is between $77,000 – $96,000 annually.  Factors which may affect starting salary within this range and level of role may include geography/market, skills, education, experience and other qualifications of the successful candidate.

Enjoy a more rewarding choice

We offer a competitive benefits package, including:
•    Comprehensive Health Insurance: Medical, Dental, Vision, and Prescription coverage starting on the first day of employment, providing the employee enrolls.
•    Retirement Savings: 401(k) with employer match, up to 6% and an annual 3.75% Defined Contribution to the 401k plan.
•    Time Off: Paid Time Off including vacation, sick/safe time, caretaker time and holidays.
•    Life and Disability Protection: Company paid Life and Disability insurance.
•    The total compensation package for this position may also include other elements, including a sign-on bonus, restricted stock units, and discretionary awards in addition to a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time, and parental leave), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment. If hired, employee will be in an “at-will position” and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors.

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