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. This role is required to be in our East Hanover, NJ office 3x/week.

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

• 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