Manager, Fair Market Value

Novartis • East Hanover, NJ

5d • Hybrid

About The Position

As a Manager in the FMV/BFSF group, you will be managing and ensuring compliance with regulatory requirements (Centers for Medicare & Medicaid Services) and industry standards related to fair market value in the pharmaceutical sector. You will be responsible for managing the fair market value processes and policies across Novartis.

Requirements

• Bachelor’s degree preferably in Finance/Accounting.
• 4+ years of experience in finance, accounting, or economics within pharmaceutical or healthcare industry
• Excellent analytical skills with the ability to interpret complex data and market trends to conduct a fair market value assessment
• Strong financial modelling skills: Advanced Microsoft Excel Skills
• Proactive mindset and ability to execute multiple assignments simultaneously
• Strong communication and interpersonal skills with the ability to collaborate with internal and external stakeholders at all levels
• Experience conducting financial analysis/valuations, preferably fair market value analysis of healthcare business, compensation, and various service agreements for management planning and regulatory compliance purpose

Nice To Haves

• Master’s degree, MBA or CPA preferred
• Knowledge of pharmaceutical industry and its policies and regulations
• Experience with commercial entities (e.g., Specialty Pharmacies, Wholesalers/Specialty Distributors, PBMs, GPOs, HUBs, Copay vendors, etc.)

Responsibilities

• Conduct and manage fair market value assessments Commercial entities in the U.S. industry (e.g., Specialty Pharmacies, Wholesalers/Distributors, PBMs, GPOS, HUBs, Copay vendors, etc.)
• Collaborate with cross-functional teams across Finance, Market Access, Novartis Patient Services, Medical, etc. to ensure alignment in fair market value assessments and decision-making processes
• Maintain all fair market value Work Process Documents (WPDs) and remain in compliance with all pertinent WPDS
• Support relationships with external vendors and consultants to support fair market value assessments
• Maintain and enhance processes to remain compliant with Centers for Medicare & Medicaid Services (CMS) regulations on fair market value
• Work with Associate Director/Director to provide communications and conduct training as needed across the broader organization

Benefits

• performance-based cash incentive
• eligibility to be considered for annual equity awards
• health, life and disability benefits
• a 401(k) with company contribution and match
• a variety of other benefits
• a generous time off package including vacation, personal days, holidays and other leaves

What This Job Offers

• Job Type: Full-time
• Career Level: Manager