Associate Director, Strategic Pricing - Parsippany, NJ

Date: Jul 11, 2024

Location:

Parsippany, United States, New Jersey, 00000

Company: Teva Pharmaceuticals

Job Id: 56987

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 primary role of the Associate Director, Strategic Pricing is to coordinate pricing activities and provide related pricing analysis and support for all Teva US Brand and Biosimilar products. Responsibilities include leading adherence to the pricing policies and procedures, evaluating price increases (including the impacts of price protection and government pricing), projecting ASP for Medicare Part B buy-and-bill drugs, and acting as Pricing’s point person for analytics on current and future biosimilar products. The Associate Director is expected to be a subject matter expert on gross to net sales, the Medicaid Drug Rebate Program, and the 340B Drug Pricing Program, and will report to the Director – Brand Pricing & Administration.

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.

• Liaison with Finance, Demand Forecasting, and the Brand Marketing team to determine forward-looking assumptions on buy-and-bill drugs. Develop ASP projections. Provide expertise and guidance on Medicare Part B ASP calculations, reimbursement rates, and net cost recovery.

• Support launch of future products. Provide strategic guidance and pricing analytics to aid in determination of launch pricing. Develop pricing recommendations and ensure approvals are obtained prior to launch.

• Consult with business units on pricing strategies and proposals. Calculate and communicate the financial impacts of proposed pricing actions and verify that pricing policies and procedures are followed, and approvals obtained as appropriate.

• Develop analysis tools to evaluate pricing proposals. Effectively utilize existing data and systems to support the pricing function. Act as first-line reviewer of pricing analytics to ensure accuracy of the Pricing team’s deliverables.

• Attend various Pricing and Contracting training and industry meetings to stay current on regulatory requirements, Medicaid and Federal pricing regulations, and legislation impacting pharmaceutical pricing.

This is a hybrid position. The selected candidate will work 3 days in the office and 2 days in a remote setting. The selected candidate should live within a commutable distance to the Teva Parsippany office.

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 required; Focus on Mathematics, Finance, or related business discipline highly preferred; MBA preferred.

• Minimum 7+ years of progressive experience in the pharmaceutical industry within Brand pricing, government pricing, GTN, Market Access, or Payer contracting.

• Experience Required:

• Demonstrated broad knowledge of the pharmaceutical industry.

• Strong financial analysis skills including extensive familiarity with Microsoft Excel.

• Ability to prepare and present results to senior management.

• Excellent attention to detail, as well as organizational, planning, and written/verbal communication skills.

Experience Preferred :

• Pharmaceutical brand pricing experience

• Forecasting and predictive modeling experience.

• Experience in biosimilars and buy-and-bill.

• Strong understanding of the medical and pharmacy benefit market access landscape.

• Strong understanding of the regulatory requirements as it pertains to contracting, third-party payers, and the government pricing environment.

Skills/Knowledge/Abilities :

• Knows and uses strong planning and organizing skills and practices.

• Able to work well independently and as a member of a team.

• Able to prioritize competing and time sensitive tasks.

• Uses clear, proactive and concise written and verbal communication.

• Able to effectively communicate complex financial concepts to team members.

• Demonstrates appropriate judgment and ability to make decisions.

• Professional in image, behavior and high standards of performance.

• Establishes strong relationships with internal and external customers as appropriate.

• Overcomes barriers to establish successful relationships.

• Understands gross to net sales variables and gross margin analysis.

• Demonstrates strong understanding of product discounts including cash discounts, rebates, Medicaid programs, trade discounts and federal discounts.

• Strong analytical skills. Comfortable analyzing large data sets.

• Innovative thinker with a desire for continuous learning.

• Intellectual curiosity to go beyond the numbers/bring strategic ideas and insights.

• Highly skilled in Microsoft Excel and well versed in Data and Query tools.

TRAVEL REQUIREMENTS

• Approximately 5-10% domestic travel throughout the US.

Enjoy a more rewarding choice

We offer a competitive benefits package, including Medical, Dental, Vision, and Prescription coverage starting on the first day. We also offer Disability and Life Insurance, Paid Time Off, 13 paid Holidays, 6% match on the 401(k), Employee Stock Purchase Plan, and Tuition Assistance.

Already Working @TEVA?

If you are a current Teva employee, please apply using the internal career site available on "Employee Central". By doing so, your application will be treated with priority. You will also be able to see opportunities that are open exclusively to Teva employees. Use the following link to search and apply:Internal Career Site (https://performancemanager.successfactors.eu/sf/careers/jobsearch?bplte_company=1080030P)

The internal career site is available from your home network as well. If you have trouble accessing your EC account, please contact your local HR/IT partner.

Teva’s Equal Employment Opportunity Commitment

Teva Pharmaceuticals is committed to equal opportunity in employment. It is Teva's global policy that equal employment opportunity be provided without regard to age, race, creed, color, religion, sex, disability, pregnancy, medical condition, sexual orientation, gender identity or expression, ancestry, veteran status, national or ethnic origin or any other legally recognized status entitled to protection under applicable laws. We are committed to a diverse and inclusive workplace for all. If you are contacted for a job opportunity, please advise us of any accommodations needed to support you throughout the recruitment and selection process. All accommodation information provided will be treated as confidential and used only for the purpose of providing an accessible candidate experience.

Important notice to Employment Agencies - Please Read Carefully

Teva Pharmaceuticals USA does not accept unsolicited assistance from agencies for employment opportunities. All CVs / resumes submitted by search firms to any employee at our company without a valid written search agreement in place for this position will be deemed the sole property of our company. No fee will be paid in the event a candidate is hired by our company as a result of an agency referral where no pre-existing agreement is in place. Where agency agreements are in place, introductions are position specific. Please, no phone calls or emails.

EOE including disability/veteran