Director, Value & Access Finance and Gross to Net Forecasting
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 director of gross to net forecasting will be responsible for business partnering with cross functional teams including value & access, patient services, demand forecasting, revenue accounting, pricing and brand finance to develop gross to net forecasts for specific Innovative Medicines or Biosimilar products. In this role you will own and manage the forecasting assumptions, pressure test and challenge inputs from other areas, understand the business rationale and market events that shape and impact the gross to net forecast. You will also contribute to driving reporting enhancements, process improvements and value added deal modeling analysis where necessary.
Learn and understand the gross to net process currently deployed including the various inputs, outputs, interdependencies and how specific changes may trigger impacts to other areas Develop and produce quarterly gross to net forecasts to meet internal planning timelines and deliverables with meaningful and insightful explanations on drivers of change vs prior forecasts and / or AOP (annual operating plan) and LRP (long range planning) Coordinate with demand forecasting, Value & Access and brand finance on events that impact the gross to net rates and the channel mix for products taking full ownership and accountability for reflecting impacts in the gross to net forecast Monitor and track claims data for Commercial, Medical Commercial, Medicaid, Medicare, 340B and other government segments to changes to business mix and impacts to the brand gross to net rates Perform quarterly actuals reporting with variance analysis to forecast, prior quarter and / or AOP with meaningful explanations Work closely with revenue optimization and controls compliance group on rebate scrubbing to determine impacts to minimize revenue leakage Develop and provide perspective and thought leadership on respective brands to help drive decisions and meet or exceed financial targets Support Biosimilar and Innovative brand launch strategy through scenario planning and modeling Ad hoc analysis as needed related to related to but not limited to contract proposals, developing views and analysis to help and inform business decisions, inform and educate business partners on gross to net implications and changes to programs and / or policies
Bachelor's degree in Business, Finance, or related discipline required (or higher) Minimum of 5 years of increased levels of responsibility in progressive gross to net forecasting roles Strong working knowledge and modeling of gross to net forecasting including understanding various payer channels (Commercial, Medical commercial, Medicare, Medicaid, PHS340b, VA / DoD, Tricare, etc.) Working knowledge of payer contracting strategies and deal modeling Proven business acumen in forecasting (demand, sales, gross to net) with data driven analytical work to support assumptions and perspective Very comfortable with large data sets, sorting, filtering, trending, charting and graphing functions in Excel and PowerPoint Clear / concise communication and interpersonal skills with ability to effectively explain complex topics to business partners with and without gross to net acumen Agile team player; able to adapt and execute based on evolving business needs, with strong active listening skills Working knowledge of Alteryx preferred but not required
The annual starting salary for this position is between $158,000 $198,000 annually. Factors which may affect starting salary within this range and level of role may include geography / market, skills, education, experience and other qualifications of the successful candidate.
We offer a competitive benefits package, including :
Teva Pharmaceuticals is committed to equal opportunity in employment. It is Teva's policy that equal employment opportunity be provided without regard to age, race, creed, color, religion, sex, disability, pregnancy, medical condition, genetic information, marital status, sexual orientation, gender identity or expression, ancestry, national or ethnic origin, citizenship status, military status or status as a disabled or protected veteran, or any legally recognized status entitled to protection under applicable federal, state, or local laws.
Director Finance • Parsippany, NJ, US