Job Information
Bausch Health Senior Director, Accounting (Gross-to-Net) in Bridgewater, New Jersey
Join a team! We are a global diversified pharmaceutical company enriching lives through our relentless drive to deliver better health outcomes. We develop, manufacture and market a range of products, primarily in gastroenterology, hepatology, neurology, dermatology, medical aesthetic devices, international pharmaceuticals. Our 7,000 employees share a common goal and values, propelling us to provide essential care to millions of people globally. We seek dedicated individuals who share our sense of urgency, unity, and excellence.
We are looking for a trustworthy and respectful individual who consistently does the right thing. Someone who is imaginative and proactive, with a keen eye for what is possible. A perceptive and adaptive person who is action oriented. We need a disciplined, focused, and accountable team member. If you embody these values, come join our company and help us shape the future.
We are all in it together to make a difference. Be a part of a culture that doesn't just wait for change but actively creates it—where your skills and values drive our collective progress and impact.
This Senior Director Accounting (Gross-to-Net) is an integral member of the US Accounting leadership team, leading revenue accounting for the Company’s US Pharmaceuticals operations. Based in Bridgewater, NJ, this role is responsible for leading the gross-to-net (GTN) Accounting team, the Commercial Contract Operations team, and the Accounts Receivable & Returns team.
Responsibilities:
Lead the US GTN accounting team (a team of 4 accountants), which is responsible for the month end financial close for U.S. gross product sales and GTN deductions, including review of account reconciliations and variance analysis.
Manage accounting for the following categories of GTN deductions: Medicaid and other government rebates; product sales returns reserves; managed care commercial and Medicare Part D rebates; chargebacks; patient rebates (coupons); trade & distribution fees, and cash discounts / other allowances
Partner with Market Access, Commercial and FP&A teams in
The development of financial plans and forecasts as it relates to GTN deductions.
Review and analysis of the impact of proposed contract strategies and price changes on net pricing, related to commercial, managed care contracts and Medicate Part D contracts.
Oversee the commercial contract management team in the performance of contract maintenance operations for commercial and Medicare Part D contracts, including review and approval of rebate claims data and invoices.
Manage the commercial rebate team in the processing of formulary validations and exclusions - supervision of 3 team members and an outsourced BPO services team.
Oversee maintenance of contract information, updates, and payment detail in Flex – Model N,
Manage Wholesaler and Distributor fee-for-service contracts.
Maintain data related to contract exclusions. Supervise the resolution and recovery of contract exclusions. Facilitate communication with Market Access, Commercial, and FP&A teams, as well as PBMs, related to exclusions, disputes, and resolutions.
Provide oversight of the accounts receivable and returns teams to ensure timely and accurate collection and application of trade A/R cash receipts and returns processing consistent with contract terms and company policy.
Maintain a strong controls and compliance environment including the maintenance of the risk control matrix, audit support, and the periodic SOX sub-certification.
Identify and lead process improvement initiatives.
Lead and/or support special projects, as assigned.
Qualifications:
Bachelor’s degree required Finance, accounting or a related discipline required
Minimum 10 years of accounting experience, with experience in gross-to-net accounting required
CPA preferred
Ability to develop, maintain and/or evaluate models for calculating and forecasting gross-to-net deductions
Experience with Model N/Flex preferred
Experience managing BPO service teams or similar outsourced functions
Interested candidates must possess high ethical standards, strong verbal and written communication skills, strong technical skills and flexibility in handling changing priorities and tight deadlines
Ability to think strategically, work independently and interact with senior leadership
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This position may be available in the following location(s): [[location_obj]]
We thank you in advance for your interest in growing and developing with our company. Kindly note that in order for all stakeholders to be successful, we do require a minimum of one year in your current role before applying to another one. Please ensure you have discussed with your current manager the intent of applying to a new role.
Any exception will have to be authorized by your HR Business Partner.
We are an Equal Opportunity Employer. All qualified applicants will receive consideration for employment regardless of race, color, religion, gender, national origin, age, sexual orientation, gender identity or expression, marital or veteran status, disability, or any other legally protected status. We are committed to building diverse teams, representative of the patients and communities we serve, and we strive to create an inclusive workplace that cultivates collaboration.
If a candidate needs a reasonable accommodation/adjustment due to physical or mental health impairment for any part of the application process, they are encouraged to send their request to humanresources@bauschhealth.com or call 908-927-1400 and let us know the nature of the request and their contact information. Please be sure to include the job requisition number.
Job Applicants should be aware of job offer scams perpetrated through the use of the Internet and social media platforms.
To learn more please read Job Offer Fraud Statement (http://protection.greathorn.com/services/v2/lookupUrl/c29afa19-107c-4ce0-9f8c-cdaacd1f6318/176/379301a79c224eae9f25e08c7426cedde0ec4807) .
Bausch Health is an EEO/AA employer M/F/D/V.
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