Senior Manager, Government Pricing

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Parsippany, United States, New Jersey, 07054

Job

We’re Teva, a leading innovative biopharmaceutical company, enabled by a world-class generics business. Whether it’s innovating in the fields of neuroscience and immunology or delivering high-quality medicine worldwide, we’re dedicated to addressing patients’ needs now and in the future. Here, you will be part of a high-performing, inclusive culture that values fresh thinking and collaboration. You'll have the room to grow, the flexibility to balance life with work, and the opportunity to better health worldwide, together.

The Sr. Manager, Government Pricing is expected to be a subject matter expert on all price calculations and relevant government legislation. The Sr. Manager will act as a liaison with Generic business units to offer go-forward projections of government pricing and IRA inflation rebates. Other core responsibilities include modeling financial impacts to support contracting decisions, innovative strategies, price changes, and legislative changes with respect to government pricing on key generics.

The Sr. Manager is expected to ensure data compliance of gov’t price calculations by managing reconciliations of data interfacing to Teva’s GP system. This position will report to the Sr. Director – Government Pricing & Compliance.

Major duties and responsibilities required to achieve the position’s objectives and be successful in the Sr. Manager, Government Pricing role.

• Consult with business units to stay current on current contract terms, pricing strategies, and proposals for key generics. Calculate and communicate financial impacts related to gov’t price changes on Teva’s key generics. Modeling may be required to offer insight into the impacts of audit findings, proposed pricing actions, legislative/policy changes, customer Class of Trade changes, etc. – GP Financial Impacts
• Forecast and communicate projected AMP, Best Price, CPI penalty, and the Federal URA for key generic products. Provide expertise and guidance on Medicaid URA and PHS/Apexus pricing. – Forecasting
• Address data issues evidenced upon interface into GP’s Model N calculation module. Manage monthly data reconciliations in advance of gov’t price calculations to ensure calculations will be based on a complete dataset. – System Data Reconciliation
• Manage modeling efforts of IRA inflation rebates to support rebate invoice verification, GTN forecasting, and Brand & Generic Pricing analyses. – IRA Inflation Rebates
• Develop regular communications to Government Pricing team’s internal stakeholders to address hot topics, concern areas, and recent trends with respect to government pricing. – GP Newsletter

Any equivalent combination of education, training, and/or experience that fulfills the requirements of the position will be considered.

Education:

Bachelor’s Degree required;
Focus in Mathematics, Finance, or related business discipline highly preferred; MBA preferred

Years of experience required:

• Minimum 5 years of experience in the pharmaceutical industry
• Minimum 3 years of experience within government pricing

Specific type of experience required:

• Demonstrated broad knowledge of the pharmaceutical industry.
• Strong understanding of the regulatory requirements as it pertains to contracting, third-party payers, and the government pricing environment.
• Knowledge of U.S. Government pricing statutes and regulations including knowledge of OBRA 90, OBRA 93, Deficit Reduction Act, VA Healthcare Act, the Medicare Modernization Act, the Patient Protection and Affordable Care Act, and the Inflation Reduction Act.
• Strong financial analysis skills including extensive familiarity with Microsoft Excel.
• Ability to prepare and present results to senior management.
• Strong interpersonal skills with ability to collaborate across business units and functional areas.
• Excellent attention to detail, as well as organizational, planning, and written/verbal communication skills.

Specific type of experience preferred:

• Pharmaceutical generic pricing/contracting experience
• Forecasting and…