Teva Pharmaceuticals Senior Manager, Managed Care Contracting in Parsippany, New Jersey
Senior Manager, Managed Care Contracting
Date: Oct 15, 2020
Location: Parsippany, New Jersey, US, 07054
Company: Teva Pharmaceuticals
Teva is a global pharmaceutical leader and the world's largest generic medicines producer, committed to improving health and increasing access to quality health solutions worldwide. Our employees are at the core of our success, with colleagues in over 80 countries delivering the world's largest medicine cabinet to 200 million people every day. We offer a uniquely diverse portfolio of products and solutions for patients and we've built a promising pipeline centered around our core therapeutic areas. We are continually developing patient-centric solutions and significantly growing both our generic and specialty medicines business through investment in research and development, marketing, business development and innovation. This is how we improve health and enable people to live better, healthier lives. Join us on our journey of growth!
The Sr. Manager, Strategic Contracting is responsible for the development and execution of Managed Care contracting efforts across the Teva Brand portfolio. They will oversee the execution of National Account PBM, Payer and Specialty Pharmacy contracting strategies in order to maximize the value of the Brand portfolio. They are responsible for working cross-functionally with Account Management, Brand, Pricing, Payer Marketing, Legal, and other cross-functional teams to assess and develop contracting opportunities, provide customer negotiation support for contract bids, execute contracts, and monitor contract effectiveness.
Responsibilities required to achieve the position’s objectives:
• Responsible for the strategic and financial evaluation of potential contracting efforts, support of customer negotiations, and end-to end Brand payer contract execution for assigned National Accounts
•Key direct interface with National Account Management on contract development and formulation
•Works cross-functionally with Account Management, Brand Teams, Pricing, Payer Marketing, Legal, and other cross-functional groups to gain alignment on customer bids and to fully execute contracts
•Project and model potential impact of contracts on current and long-term financial operating plans
•Represent Pricing & Contracting on cross-functional teams relating to product and channel strategy formulation, access initiatives, and pipeline product launch planning
•Responsible for the monitoring and reporting of contract effectiveness related to assigned accounts, utilizing pre and post deal modeling systems
•Partner with Finance, Revenue Optimization and Contract Compliance (ROCC), and other necessary cross-functional partners to ensure accurate rebate and discount forecasts
Education: BS/BA required, MBA or equivalent preferred
• 6+ years of Brand Pharmaceutical Pricing and Contracting or equivalent related experience
• Experience in Brand Pharmaceutical Managed Care contracting for a manufacturer, Health Plan, Specialty Pharmacy or PBM.
• Strong financial acumen and analytical skills, with the ability to translate insights into business impacts and actionable next steps
• Highly organized and time management skills; self-motivated with a strong customer service focus that’s well-suited for a fast-paced environment
• Understanding of U.S. regulations and policies relating to manufacturer contracting
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