Director, Managed Care Rebate Operations

Bristol Myers Squibb • Princeton, NJ

3d • Hybrid

About The Position

Challenging. Meaningful. Life-changing. Those aren’t words that are usually associated with a job. But working at Bristol Myers Squibb is anything but usual. Here, uniquely interesting work happens every day, in every department. From optimizing a production line to the latest breakthroughs in cell therapy, this is work that transforms the lives of patients, and the careers of those who do it. You’ll get the chance to grow and thrive through opportunities uncommon in scale and scope, alongside high-achieving teams. Take your career farther than you thought possible. Bristol Myers Squibb recognizes the importance of balance and flexibility in our work environment. We offer a wide variety of competitive benefits, services and programs that provide our employees with the resources to pursue their goals, both at work and in their personal lives. Read more: careers.bms.com/working-with-us. Summary: This role is accountable for strategic and functional leadership of a team responsible for accurate and timely Managed Care Commercial and Medicare Part D rebate processing and payments, data stewardship and compliance in connection with matrix team’s financial reporting (GTN, projections and budgets) as well as all aspects with evaluating implications of and reporting Managed Care data required for U.S. and Puerto Rico government pricing calculations.

Requirements

• Bachelor’s degree in an analytical, financial, or business-related program or the equivalent
• A minimum of 10 years of experience in the pharmaceutical/healthcare industry related to Managed Care
• Experience with governmental pricing, bundled sales arrangements, financial processes, SAP and GTN systems and methodologies is required
• Strong technical/functional skills and an ability to motivate, develop, and lead others as a player/coach
• Possess strong interpersonal, communication and consensus building skills
• Proven history of leadership and experience with direct responsibility for supervising others
• Strong analytical skills and ability to think strategically about the impact of various contracting approaches and government regulations
• Firm understanding of the healthcare marketplace with a strong business acumen, including a solid understanding of the way various channels and customer types make money and create value
• Demonstrated ability to drive execution of key initiatives and meet all deadlines
• Proven ability to prioritize and work effectively in a fast-paced, dynamic environment
• Demonstrate critical thinking and business acumen to data reporting and compliance
• History of highly ethical and compliant behavior
• Proven ability to coach and network across a broad matrix organization to form strong, productive partnerships
• Must have strong attention to detail and reviewing skills for information prepared both by the team and/or submitted to the team with strict attention to controls and consistency with established processes
• Works comfortably within a matrix team environment providing oversight and guidance
• Proficiency with SOX controls, spreadsheet analysis, database management, and data delivery are required
• Strong written and oral communication skills and the ability to communicate effectively with all levels of the organization
• Demonstrated experience leveraging and/or implementing, AI-driven insights and digital tools to enhance customer engagement strategies, optimize HCP/patient experience, and drive data-informed commercial decision-making

Nice To Haves

• Experience with process automation technologies (e.g., RPA, workflow automation tools, or scripting) is highly desirable

Responsibilities

• Lead and develop a team responsible for systems and processes that collect, process, monitor and use Managed Care data for financial, business or government pricing calculation purposes including but not limited to: rebate payments, GTN, projections, budgets, AMP, ASP, BP estimate, BP true-up, BP modeling of contingent/portfolio agreements, legal requests, SOX compliance, deal analytics, contract performance analytics and ad hoc data analytics
• Partner with other BMS functions to assist them in understanding all potential implications of various rebate deal structures
• Develop and maintain processes to estimate implications of contingent and portfolio rebate deal structures to inform business, financial and government pricing calculation
• Review and approve the monthly and quarterly Managed Care processes that support government pricing calculations including collaboration with legal colleagues to monitor the latest government contracting and reporting requirements, and ensure Managed Care government pricing calculation implications are identified and considered
• Serve as lead and provide guidance to the team to operationalize the BMS 340B strategy for Managed Care Rebate Operations and understand broader 340B landscape
• Lead team and work collaboratively with other internal and external partners on PBM conflict/dispute resolution
• Provide oversight for various aspects of external vendor contract negotiations, service level performance, system enhancements, system controls, and issue resolution
• Ensure maintenance of appropriate departmental SOPs and work with internal and external auditors and team to ensure SOX compliance of rebate processing and appropriate categorization of Managed Care data for financial forecasting and government pricing calculations
• Provide oversight for team and coordinate with Treasury for Manufacturer Discount Program (formerly Coverage Gap Discount Program) administration and payment responsibilities
• Champion process improvement initiatives as required
• Lead the team in the implementation and testing of Managed Care rebate systems (REACT$ and vendor interfaces)
• Lead and assist with special projects as required (IRA, Legal requests, dispute resolutions, etc.)
• Drive digital transformation by identifying opportunities to automate pricing processes and implement scalable digital tools
• Champion process innovation by evaluating current pricing practices and recommending digital enhancements to improve efficiency and accuracy

Benefits

• Health Coverage: Medical, pharmacy, dental, and vision care.
• Wellbeing Support: Programs such as BMS Well-Being Account, BMS Living Life Better, and Employee Assistance Programs (EAP).
• Financial Well-being and Protection: 401(k) plan, short- and long-term disability, life insurance, accident insurance, supplemental health insurance, business travel protection, personal liability protection, identity theft benefit, legal support, and survivor support.
• Work-life benefits include: Paid Time Off US Exempt Employees: flexible time off (unlimited, with manager approval, 11 paid national holidays (not applicable to employees in Phoenix, AZ, Puerto Rico or Rayzebio employees) Phoenix, AZ, Puerto Rico and Rayzebio Exempt, Non-Exempt, Hourly Employees: 160 hours annual paid vacation for new hires with manager approval, 11 national holidays, and 3 optional holidays Based on eligibility, additional time off for employees may include unlimited paid sick time, up to 2 paid volunteer days per year, summer hours flexibility, leaves of absence for medical, personal, parental, caregiver, bereavement, and military needs and an annual Global Shutdown between Christmas and New Years Day. All global employees full and part-time who are actively employed at and paid directly by BMS at the end of the calendar year are eligible to take advantage of the Global Shutdown.

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Number of Employees: 5,001-10,000 employees