Associate Director, Strategic Pricing & Contracting

Ipsen•Cambridge, MA

4d•$161,250 - $215,000•Hybrid

About The Position

The Associate Director, Strategic Pricing & Contracting is a key member of the Pricing & Contracting team within the broader Value & Access organization and is primarily responsible for supporting the negotiation and execution of assigned contracts related Payer, Institutional, GPO/Clinic contracts. They will provide support to the Value & Access Contract processes by facilitating pre-and post-deal analytics, legal and financial negotiations, and ongoing oversight of timelines, RFP cycles and strategy changes. The Associate Director will be a strong partner with: Brand, Account Management, Finance GTN team, Government Pricing & Rebate Operations, Legal, and Payer Marketing to ensure appropriate identification and evaluation of contracting opportunities.

Requirements

12+ years of relevant industry experience with a Bachelor's degree, 8+ years with a Master's degree, or 5+ years with a doctoral degree.
Previous experience with a focus on customer contracting and pricing preferred, 5 years desired
Working knowledge of Gross-to-Net forecasting as it relates to customer contracts and segments
Progressive business experience in either Finance/GTN, Payer Account Management, Government Pricing, Contracting, or other related area
Understanding of pharmaceutical pricing government programs and associated regulations and the ability to determine the resulting impact of Contract Strategies on GTN
Strong project management skills, setting and executing against deadlines and delivering on commitments
Excellent communication and collaboration skills
Excellent strategic orientation and agility, with strong working knowledge of the pharmaceutical and biotechnology industries
Deep working knowledge of the pharmaceutical and managed care industry including market dynamics, competitive landscape of formulary coverage, market share and profitability
Outstanding communication and presentation skills, with polished written and verbal communication skills, good listening skills and an ability to present complex and detailed information in an easy-to-understand manner
Strong influencing and negotiation skills with proven ability in effectively influence others without authority
Outstanding partnering skills, has exceptionally strong and highly effective working relationships with internal and external partners/stakeholders
Highly analytical and detail oriented, with the ability to define problems, research proposed solutions, analyze the short- and long-term implications, propose and present the results to key stakeholders and implement solutions
Advanced Microsoft Excel, Word and PowerPoint skills
Strong organizational and project management skills
Strong interpersonal skills, customer service commitment, and detail orientation with the ability to work across the organization and external subject matter experts
Self-motivated, requiring minimal supervision, and able to contribute as a team player
Ability to multitask, shift gears and pivot when necessary, and be comfortable working under constant deadlines
BA/BS in a related field is required.
Fluent in English.

Nice To Haves

Experience with both Pharmacy and Medical benefit products, with knowledge of Rare Disease, Oncology and Neurology preferred
Experience with Pricing Research projects is a plus
5+ years in managerial experience is strongly preferred.
Advanced degree (Masters, MBA) is preferred.

Responsibilities

Support negotiation of assigned Customer Contracts: Institutional/Hospital, GPO/Clinics, PBM/GPO Commercial, Medicare and Managed Medicaid Payers
Support the contract development process, including working with cross-functional partners on pre-deal analytics, negotiations, and post-deal analytics/account GTN forecast
Partner with Legal to draft and review multiple documents including, Bid Offers, Contracts, Amendments and Letters of Intent relating to various Customers
Participate directly in key customer meetings, as appropriate
Develop, maintain and strengthen internal processes and documentation, working across the Brand, Finance, Legal and Value & Access teams
Maintain a tracking calendar of bids/offers/renewals and coordinate communication of contract activities and execution status
Facilitate the transition of executed contracts to the appropriate operational team for implementation and/or adjudication, including outlining key terms and providing detailed explanations, as necessary
Provide insights to the business that inform GTN forecasting, contracting, and pricing decisions and strategies, and general business planning
Assist Account Managers with ad-hoc analysis, business planning, and contract performance review
Use financial models to perform and verify calculations for business scenarios, as needed
Advise on strategic and operational issues and requirements related to contract administration, including any matters relating to rebate analysis and payments, as well as resolution of disputes on rebate claims
Support development and execution of Product Portfolio Pricing and Contracting strategies, aligned with brand objectives, competitive environment and goal of ensuring optimal access
Research and analyze the legislative environment and coordinate with Field Directors to provide innovative contracting recommendations for existing product strategies and new launches that align with business objectives.
Understands the prescription drug distribution channels, the economics of all stakeholders, and the rules and regulations concerning healthcare programs (including Medicare, Medicaid, 340B, and the Federal Supply Schedule (VA/DOD)
Partner with Finance and Analytics departments to forecast volume and discounts by channel throughout the various financial forecasting and budgeting cycles
Collaborate with Finance to assess GTN impact of various pricing & contracting strategies in development
Evaluate effectiveness of contracting strategies and recommend adjustments to maximize performance
Provide customer contract performance updates