Purchase Based Rebate Analyst
About The Position
Together, we're on a mission to make good health more affordable and accessible, to help millions around the world enjoy healthier lives. It's a mission that bonds our people across nearly 60 countries and a rich, diverse variety of nationalities and backgrounds. Working here means working with the world's leading manufacturer of generic medicines, and the proud producer of many of the products on the World Health Organization's Essential Medicines List. Today, at least 200 million people around the world take one of our medicines every single day. An amazing number, but we're always looking for new ways to continue making a difference, and new people to make a difference with. The opportunity The Purchase Based Rebates Analyst, processes rebates and fees in accordance with the terms and conditions of the customer contract and internal processing procedures for all Teva generic products as well as brand/specialty products. He / She will process and validate rebate and fees, analyze rebate variances, accurately forecast weekly rebate payments for Treasury, review all customer contracts, and maintain superior level of customer service. This positions reports to the Senior Manager, Purchase Based Rebates, Brand and Generic.
Requirements
- Required: HS Diploma AND at least 1 year Pharmaceutical operational experience, preferably with reimbursements (Purchase Based or Managed Care Rebates, Medicaid Rebates, Chargebacks)
- Excel required; Model N Flex or comparable software and/or SAP a plus
Nice To Haves
- Preferred: Bachelor's degree
Responsibilities
- Responsible for processing Rebates and Admin Fees in accordance with contract terms and conditions
- Responsible for gathering rebate/fee payment support for the review and verification by the Senior Manager, Purchase Based Rebates
- Analyze rebate variances, determine causes, and provide explanations
- May be assigned to process Volume Incentive Rebates, Differentials, Voucher Reimbursements, and other rebate variations in Model N/Flex
- Calculate Brand/Generic claims accurately and timely, provide monthly accrual needs to Revenue Management teams
- Accurately record current and future rebate payments for cash reporting to Treasury. Will be responsible to help in the analysis for providing accurate weekly rebate check payment forecasts to ensure timely customer payment and maximize Teva's cash flow.
- Help in the review of customer terms and conditions (draft and final versions). Ensure that all changes and new rebates are set-up accurately in Model N Flex and are properly accrued for Revenue Management
- Analyze customer deductions to determine if valid and work closely with A/R to resolve while also looking for trends
- Work with IT to develop and implement rebate reports to support customer payments in BI tools.
Benefits
- Comprehensive Health Insurance: Medical, Dental, Vision, and Prescription coverage starting on the first day of employment, providing the employee enrolls.
- Retirement Savings: 401(k) with employer match, up to 6% and an annual 3.75% Defined Contribution to the 401k plan.
- Time Off: Paid Time Off including vacation, sick/safe time, caretaker time and holidays.
- Life and Disability Protection: Company paid Life and Disability insurance.
- Additional benefits include, but are not limited to, Employee Assistance Program, Employee Stock Purchase Plan, Tuition Assistance, Flexible Spending Accounts, Health Savings Account, Life Style Spending Account, Volunteer Time Off, Paid Parental Leave, if eligible , Family Building Benefits, Virtual Physical Therapy, Accident, Critical Illness and Hospital Indemnity Insurances, Identity Theft Protection, Legal Plan, Voluntary Life Insurance and Long Term Disability and more.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Industry
Chemical Manufacturing
Education Level
High school or GED
Number of Employees
5,001-10,000 employees
