Associate Director, 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 Associate Director, Government Pricing is expected to be a subject matter expert on all price calculations and relevant government legislation. The Associate Director will act as a liaison with Brand business units to offer go-forward projections of government pricing and price protection 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 innovative brands.

The Associate Director is expected to ensure compliance with government legislation and Teva’s pricing policies by managing policy filters in 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 AD, Government Pricing role.

• Consult with business units to stay current on current contract terms, pricing strategies, and proposals for promoted brands & biosimilars. Calculate and communicate financial impacts related to gov’t price changes on Teva’s brands/biosimilars. 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 all promoted brand/biosimilar products. Provide expertise and guidance on Medicaid URA and PHS/Apexus pricing. – Forecasting
• Review existing and newly released CMS and VA communications on pharmaceutical pricing. Partner with counsel to communicate shifts in guidance to GP’s internal business partners. Periodically attend Pricing and Contracting training and industry meetings to stay current on regulatory requirements, Medicaid and Federal pricing regulations, and legislation impacting pharmaceutical pricing. – Legislative Policy Review
• Evaluate financial impacts of proposed Price Protection language on Managed Care contracts. Manage Price Protection modeling efforts to support rebate invoice verification, GTN forecasting, and Brand Pricing analyses. – Price Protection
• Manage Teva’s pricing policies and reasonable assumption documents. Gain alignment with other members of GP, and update policy filters, as needed, in Model N to ensure gov’t price calculations perform as required. Secure proper approvals in advance of changes. – GP Policy Filters

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

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

• Minimum 7 years of progressive experience in the pharmaceutical industry.
• Minimum 3 years of experience within government pricing.

• 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 OBRA 90, OBRA 93, Deficit Reduction Act, VA Healthcare Act, Medicare Modernization Act, the Patient Protection and Affordable Care Act, and the Inflation Reduction Act.
• Strong financial analysis skills including extensive familiarity with Microsoft…