Sr. Analyst, Rebates

Pfizer • Lake Forest, IL

2d • Hybrid

About The Position

Use Your Power for Purpose The Sr. Analyst, SI Rebates has the primary purpose of managing the payment requirements of Pfizer’s various contractual agreements with our Sterile Injectable (SI) customers. Position is accountable for accurate and on time payments to Pfizer Injectable US customers, consistent with the term and conditions of our agreements, as well as providing timely information and support to meet statutory, compliance and production requirements. Position responsible for financial analysis associated with payments to explain variances and changes to existing trends. Scope: the nature and complexity of assigned SI accounts is straight forward as they relate to size of the organization and intricacy of agreements. What You Will Achieve Ensure accurate and on-time payment of rebates to assigned accounts, in accordance with the terms of the Agreements, after complete review and validation of the elements of the rebate calculation, including account submitted data, internal reports, and rebate system calculation. Complete analysis on SI rebates to explain variances and diversion from existing trends. Document analysis for review by rebate approver(s). Ensure adherence to SOX controls and internal SOPs; maintain adequate supporting documentation for rebate payments, rebate reconciliations and quarterly accrual reserves. Possess knowledge of rebate payment process and applications (FLEX, Business Objects, Cognos); able to begin to identify calculation issues; partner with BTAM system resources to determine root causes and recommend corrective actions. Collaborate with contracting teams; review draft language for clarity and accuracy as it relates to rebates; ensure contract set up is accurate as it relates to rebates; review contract entry and provide timely feedback to Contract Development colleagues if changes are required. Provide input into contract negotiation strategies as it relates to the payment terms, system capabilities, and customers’ data management. Growing knowledge and understanding of institutional customers and industry; cursory knowledge of financial transactions across the pharmaceutical product distribution channel from wholesaler to pharmacy. Able to anticipate impact of payments on Pfizer’s accruals, cash flow, and financial forecast Build collaborative relationships with internal and external stakeholders, including assigned customers, Account Management, Contracting and Business Technology (BT). Analyze quarterly finance accruals to verify accuracy and completeness across all assigned accounts. Provide ad-hoc account information to WPO Finance for any material changes which may impact accruals and financial projections Project work and analysis required on an ad hoc basis. Assigned project work would generally consist of participating in medium to low-risk projects whose impact is limited to MAO department

Requirements

• Applicant must have a bachelor's degree with at least 2 years of experience; OR a master's degree with 0+ years of experience; OR an associate's degree with 6 years of experience; OR a high school diploma (or equivalent) and 8 years of relevant experience
• Excellent interpersonal skills, including the ability to understand and respond to multiple internal and external stakeholders
• Strong verbal, and written communication skills with an emphasis on time management, follow-through, and issue resolution abilities; clearly communicate with colleagues and mid-tier levels of management; must be adept at telephone communications and at building relationships with key customers and internal stakeholders
• Strong skills in Excel, including proficiency with pivot tables, V-lookups, charts, and formulas; proficient working with large data files
• Intermediate skills with MS Word, MS PowerPoint, and MS Outlook
• Proficient using Business Objects, Cognos, or other reporting software; basic understanding of how report queries function and ability to create simple queries independently.

Nice To Haves

• Good analytical and problem solving skills required; attention to detail and project management skills preferred
• Experience working with a rebate payment system or similar financial transaction system preferred; past experience with Model N FLEX platform preferred.

Responsibilities

• Ensure accurate and on-time payment of rebates to assigned accounts, in accordance with the terms of the Agreements, after complete review and validation of the elements of the rebate calculation, including account submitted data, internal reports, and rebate system calculation.
• Complete analysis on SI rebates to explain variances and diversion from existing trends.
• Document analysis for review by rebate approver(s).
• Ensure adherence to SOX controls and internal SOPs; maintain adequate supporting documentation for rebate payments, rebate reconciliations and quarterly accrual reserves.
• Possess knowledge of rebate payment process and applications (FLEX, Business Objects, Cognos); able to begin to identify calculation issues; partner with BTAM system resources to determine root causes and recommend corrective actions.
• Collaborate with contracting teams; review draft language for clarity and accuracy as it relates to rebates; ensure contract set up is accurate as it relates to rebates; review contract entry and provide timely feedback to Contract Development colleagues if changes are required.
• Provide input into contract negotiation strategies as it relates to the payment terms, system capabilities, and customers’ data management.
• Growing knowledge and understanding of institutional customers and industry; cursory knowledge of financial transactions across the pharmaceutical product distribution channel from wholesaler to pharmacy.
• Able to anticipate impact of payments on Pfizer’s accruals, cash flow, and financial forecast
• Build collaborative relationships with internal and external stakeholders, including assigned customers, Account Management, Contracting and Business Technology (BT).
• Analyze quarterly finance accruals to verify accuracy and completeness across all assigned accounts.
• Provide ad-hoc account information to WPO Finance for any material changes which may impact accruals and financial projections
• Project work and analysis required on an ad hoc basis. Assigned project work would generally consist of participating in medium to low-risk projects whose impact is limited to MAO department

Benefits

• We offer comprehensive and generous benefits and programs to help our colleagues lead healthy lives and to support each of life’s moments.
• Benefits offered include a 401(k) plan with Pfizer Matching Contributions and an additional Pfizer Retirement Savings Contribution, paid vacation, holiday and personal days, paid caregiver/parental and medical leave, and health benefits to include medical, prescription drug, dental and vision coverage.

What This Job Offers

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