Lead Financial Analyst, Government Contract Compliance

Johnson & Johnson Innovative Medicine • Titusville, NJ

2d • Onsite

About The Position

Johnson & Johnson Innovative Medicine is recruiting for a Lead Financial Analyst, Government Contract Compliance. This position is based in Titusville, New Jersey. At Johnson & Johnson, we believe health is everything. Our strength in healthcare innovation empowers us to build a world where complex diseases are prevented, treated, and cured, where treatments are smarter and less invasive, and solutions are personal. Through our expertise in Innovative Medicine and MedTech, we are uniquely positioned to innovate across the full spectrum of healthcare solutions today to deliver the breakthroughs of tomorrow and profoundly impact health for humanity. Learn more at https://www.jnj.com. Position Overview and Responsibilities This position is responsible for providing strategic support to the Johnson & Johnson Government Contract Compliance (GCC) team within Innovative Medicine US Commercial Finance. Operating in a highly dynamic and evolving market environment, the role will lead comprehensive federal policy assessments and collaborate with cross functional teams to support the end-to-end implementation of the Medicare Drug Price Negotiations Program and related Medicaid program requirements including but not limited to compliance with Initial Price Applicability Year (IPAY) manufacturer requirements and the implementation of the Maximum Fair Price “MFP.” In addition, this role will ensure overall compliance with applicable government policies and internal procedures when performing Government Pricing. Furthermore, this role will partner with Gross-to-Net (GTN) during the forecast cycles to provide handoffs related to the Medicaid, Medicare, Federal Supply Schedule & 340B Programs for supported Brands. This position will also collaborate closely with Pricing Strategy Finance as well as the Strategic Customer Group (SCG), Legal, and other groups to assess and present the impact of various contracting strategies on government pricing and government compliance requirements, ensuring appropriate treatment.

Requirements

• A minimum of a bachelor’s degree is required, preferably with a major in Accounting or Finance
• Minimum of three (3) years finance or related business experience is required.
• Intermediate to advanced Excel skills are required (pivot tables, VLOOKUPS, formulas, etc.)
• Must possess excellent analytical, presentation, communication, and interpersonal skills
• Must work well to meet deadlines in a fast-paced, dynamic, team environment and be able to recommend and implement process improvements, work independently, and handle multiple tasks simultaneously
• Ability to effectively take on leadership roles in various functions is required
• This area is complex and will require a person who can learn quickly

Nice To Haves

• Experience in public accounting, pharmaceuticals, managed care, or government healthcare programs (Medicaid, 340B, etc.) is preferred
• CPA, CMA, MBA and/or other financial certification is preferred.

Responsibilities

• Lead efforts in support Medicaid program requirements and Medicare Drug Price Negotiations Program including federal policy assessment, compliance with iPAY manufacturer requirements and the execution of “MFP.” This includes collaborating with internal and external cross-functional teams to establish GP operational requirements, support system design, testing, training, and documentation. Identifying, developing and integrating new requirements into GCC base business and evolving processes accordingly, documentations and SOP/WI.
• GCC leadership for new system process design development, testing, training, and implementation
• Ensure new policy requirement compliance by establishing CORE GP G/L and 340B (including subceiling) reconciliation processes, identifying and developing validation reports, and documenting procedures as SOPs/Work Instructions.
• Perform government-mandated calculations and refiles (Medicaid - AMP, BP, Medicare - ASP, 340B, FSS - NFAMP, FCP, etc.) for specific Brands. This involves understanding government pricing policies, analyzing and interpreting data trends to comment on and ensure that variances in the calculation results from month to month, quarter to quarter, or versus WAC are appropriate.
• Forecast government prices and communicate significant government pricing calculation variances with potential impact to GTN.
• Review Contract Pricing Committee (CPC) pricing strategies and present GCC impact at CPC meetings for supported Brands from a government pricing perspective and coordinate operational implementation efforts within various groups in SCG to ensure government pricing compliance.
• Lead ad hoc assessments of government pricing and contract compliance impact for various business requests including government voluntary pricing offers (e.g., subceiling, VA temporary voluntary price, Medicaid supplemental, ASP bio-similar analysis, combined product offers, value-based purchasing offers, etc.).
• Support new product launches and lead in the establishment of product offers and contract prices for government channels collaborating with various SCG business partners and JJHCS Government Contracting Managers.
• Support ongoing FSS contract maintenance by ensuring compliance with government requirements, such as timely reporting of changes in tracking customer pricing, price reduction triggers, new product additions, deletion of old products, etc.
• Follow and support maintenance of overall GCC compliance documentation ensuring Standard Operating Procedures, Work Instructions, Reasonable Assumptions, Treatment Documents and other calculation files are updated, relevant with key controls.
• Lead government pricing treatment or pricing escalation discussions with legal when applicable.

Benefits

• Employees and/or eligible dependents may be eligible to participate in the following Company sponsored employee benefit programs: medical, dental, vision, life insurance, short- and long-term disability, business accident insurance, and group legal insurance.
• Employees may be eligible to participate in the Company’s consolidated retirement plan (pension) and savings plan (401(k)).
• This position is eligible to participate in the Company’s long-term incentive program.
• Employees are eligible for the following time off benefits: Vacation – up to 120 hours per calendar year Sick time - up to 40 hours per calendar year; Holiday pay, including Floating Holidays – up to 13 days per calendar year of Work, Personal and Family Time - up to 40 hours per calendar year

What This Job Offers

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