Managed Market Finance - Senior Manager (Secondment / 6-9 Months)

Pfizer•New York, NY

2d•Hybrid

About The Position

WHY PATIENTS NEED YOU The Managed Markets Finance team is responsible for forecasting and managing the balance sheet liabilities for the Commercial, Medicare Part D/Coverage Gap, Medicaid, and Tri Care channels for all BioPharma products. Other critical responsibilities include managing and preparing the Chargebacks pipeline accrual, Sales Returns accruals (Sales Returns and Steady State), and GPO Admin Fee accruals. WHAT YOU WILL ACHIEVE The Senior Manager of Managed Markets Finance reports directly to the Senior Director of Managed Markets Finance and is responsible for owning the Medicare forecast and accruals, as well as supporting other projects and internal finance initiatives. The scope of work will be dependent on the length and time in role, which can be flexible to accommodate the right candidate. Length of secondment can range from 6-9 months and be from 50-100% of time allocation. HOW YOU WILL ACHIEVE IT Provide timely and accurate Medicare forecasts & accruals in accordance with the US BioPharma calendar. Collaborate with USMA team to ensure that all new contract updates are accurately reflected in Medicare calculations Coordinate USMA to ensure that upcoming payments are appropriately reflected in the reserve balance. Partner with GFS and BU Finance to understand fluctuations in activity, identifying key events such as LoE’s that can significantly impact accruals, ensuring that the reserve is appropriately stated. Provide Ad Hoc reporting for variance commentary and use in the pricing impact model. Manage communication of IRA impacts and trend observations in the Manufacturers discount and Inflation penalty. Provide clear and concise explanations to Senior Director of Managed Markets Finance for variance analysis. Point of contact for Controllers and External Audit to explain fluctuations in the Medicare expense and reserves. Partner with BT to ensure data integrity in claim information used in forecasting Identify efficiencies and improvements to existing processes.

Requirements

Bachelor’s Degree with 6+ years of experience OR MBA/MS with 5+ years of experience.
Must have very strong analytical, interpersonal, and communication skills (oral, written & presentations) demonstrating the ability to effectively summarize critical information into clear, concise, and insightful updates for senior leadership
Strong financial modeling and critical thinking skills, and proactive thought leadership
Ability to manage and prioritize competing business needs and high priority deliverables
Strong organizational skills and ability to manage and reconcile large amounts of data from various systems.
Experience working in a deadline driven environment
Ability to work independently or with minimal supervision
Strong negotiation and influencing skills

Nice To Haves

Accounting Degree preferred
PhD or JD with 1+ years of experience.
Expertise in managing balance sheet accruals and reconciliations
Industry knowledge
Ability to interpret and link financial results to business actions
Strong experience with Pfizer’s financial systems (e.g. Oracle Essbase/Global Mosaic, SAP, etc.)

Responsibilities

Provide timely and accurate Medicare forecasts & accruals in accordance with the US BioPharma calendar.
Collaborate with USMA team to ensure that all new contract updates are accurately reflected in Medicare calculations
Coordinate USMA to ensure that upcoming payments are appropriately reflected in the reserve balance.
Partner with GFS and BU Finance to understand fluctuations in activity, identifying key events such as LoE’s that can significantly impact accruals, ensuring that the reserve is appropriately stated.
Provide Ad Hoc reporting for variance commentary and use in the pricing impact model.
Manage communication of IRA impacts and trend observations in the Manufacturers discount and Inflation penalty.
Provide clear and concise explanations to Senior Director of Managed Markets Finance for variance analysis.
Point of contact for Controllers and External Audit to explain fluctuations in the Medicare expense and reserves.
Partner with BT to ensure data integrity in claim information used in forecasting
Identify efficiencies and improvements to existing processes.