Principal, Pharma Contracting & Strategy

The Cigna Group

1d

About The Position

This role will report to the Senior Director, Pharma Strategy & Contracting and will focus on Pharma industry/Managed Markets/Specialty. Knowledge of PBM/Health plans consistent with Contract negotiations with Pharma manufacturers. The Principal will be responsible for management of Pharma Manufacturing drug portfolios and pipelines, and strategic thinking around rebate contracting deal structures. In this role, you will have the opportunity to consult with Health Plans, develop strategic initiatives, cross functionality with products; own day to day responsibility for manufacturer relationship from negotiating, invoicing issues, payment, contract setup, confirmation and strategic development for health plan clients.

Requirements

• Bachelor’s Degree strongly preferred
• 5+ years of experience in areas around, Formulary Strategy, Rebate Modeling, Pharmacy Rebate Contracting, Pharmaceutical Manufacturer Negotiations
• Strong financial acumen with an understanding of supply chain dynamics.
• Strong interpersonal skills with the ability to collaborate well with both internal and external teams and stakeholders.
• Exceptional written and verbal communication skills and presentation skills.
• Solid negotiation skills with the ability to influence and persuade while balancing the needs of the organization and external partners.
• Adaptable with the ability to navigate complex dynamics and ambiguity. Ability to effectively cope with setbacks.
• Honest, direct and transparent communication style.
• Self-starter who can work well independently as well as with the broader team
• Travel up to 15%
• If you will be working at home occasionally or permanently, the internet connection must be obtained through a cable broadband or fiber optic internet service provider with speeds of at least 10Mbps download/5Mbps upload.

Nice To Haves

• Registered Pharmacist (RPh or PharmD) and/or MBA preferred.

Responsibilities

• Assisting the Sr. Director of Pharma Strategy and Contracting in determining manufacturer, product class, and drug tactics and executing on these tactics.
• Collaborate with Ascent Health Services on product class strategies and approaches with pharmaceutical manufacturers for our Commercial book of business that creates "win-win" opportunities for ESI and Ascent.
• Manage Pharma relationships and develop Strategic partnerships with targeted Pharma companies across multiple internal departments (Product, Safeguard, Medical, Generics) within ESI's Supply Chain.
• Interact with the Value Assessment Committee (Commercial and Medicare) to develop and create product category strategies and pharma manufacturer rebate requests to maximize value and deliver cost savings.
• Consult and provide insight with any and all Cigna Health Plan, Prime Therapeutics, Centene, and large Custom Client formulary and rebate requests or market strategies.
• Assist the Account Directors in finalizing all manufacturer rebate agreements and matrices to ensure accuracy, signature, and implementation for invoicing.
• Support Sales and Account Management on RFPs and/or presentations or discussions with clients.
• Represent our department and provide guidance and formulary strategies for Custom Clients and assist the Formulary Consultants on any rebate requests.
• Interact with cross-functional management teams including clinical, account management, operations, finance, and specialty business development as needed.

Benefits

• Starting on day one of your employment, you’ll be offered several health-related benefits including medical, vision, dental, and well-being and behavioral health programs.
• We also offer 401(k), company paid life insurance, tuition reimbursement, a minimum of 18 days of paid time off per year and paid holidays.

What This Job Offers

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