Title: Director, Pricing and Contract Analytics, Princeton, NJ - Hybrid
Sun Pharmaceuticals Industries Inc. is the fourth largest generic pharmaceutical company in the world, and rapidly building our brand presence. We manufacture, market and distribute
pharmaceuticals to the nation’s largest wholesalers, distributors, warehousing and non-warehousing chain drugstores as well as managed care providers. Our goal is to continue to
develop and market quality products that bring value to our customers and ultimately the
patient. Current manufacturing capabilities allow Sun Pharma to develop products across most
therapeutic categories.
At Sun Pharma we believe our people are an invaluable asset. Our culturally diverse workforce
is one of our biggest strengths, along with the rich experience they bring across varied skill-sets. We are proud that our global workforce is bound by our common values.
Job Summary:
The Director of Business Pricing and Contract Analytics will lead a team and oversee business analytics for payer, GPO and IDN agreements, includes assessments for the development and implementation of strategic pricing and contracting approaches for Sun Pharma currently marketed and pipeline product portfolios. Business units include Biologics, Cutaneous Oncology, Dermatology, Ophthalmology and specialized products for Long Term Care.
This role requires a deep understanding of traditional and innovative approaches to pricing, contracting and reimbursement across payers, GPO’s IDN, specialty pharmacy and buy and bill. In addition, the role required familiarity with operating regulations in commercial and government segments across payer and practice settings. Experience must include US pharmaceutical and biopharma pricing, contracting and reimbursement strategies with commercial and medical payers. Must have ability to work on cross functional teams with demonstrated ability to influence colleagues through a consultative process. Reporting into AVP, Market Access the leader in this role will demonstrate executive-level experience managing analytics, pricing and contracting dynamics, a strong aptitude for hypothesis-driven analytics and outstanding problem-solving skills. Previous experience leading an Analytics function within the Pharma or Bio Pharma industry preferred. The role requires a leadership style that can translate strategy into action and communicate the results to senior/executive leadership in a timely manner through disciplined management and performance measurement.
Responsibilities:
- Develop Pricing and Contracting Strategy for currently marketed in-line products, pipeline products or products being evaluated for acquisition by overseeing financial modeling and market access forecasting development required to implement strategies.
- Lead and develop the Pricing and Contract Business Analytics Team comprised of two Senior Managers, assign projects, evaluate performance and ensure all contracting and pricing activities are compliant with company policies.
- Responsible for pricing and contracting governance, approval, and communication to executive/ senior leadership managed through Contract Pricing Review Committee
Designing and developing pricing models to evaluate the impact of pre- and post-launch strategies, including ASP, AMP, and best price, and making recommendations for adjustments when necessary - Supporting brand financials and GTN management across contracts and patient support program designs
- Manages Contract Scorecard Process to assess post deal analysis for all Commercial,
Medical, GPO, IDN and Government contracts - Ensuring creation and timely upkeep of Standard Operating Procedures for Pricing development and operations process
Education & Qualifications:
- BA or B.S. Degree with concentration in business administration, finance, marketing or engineering degree is preferred. Advanced Degrees are preferable.
- 10+ years of progressive experience in Contracts, Pricing or Market Access within the
pharmaceutical and/or biopharmaceutical industry - Prior leadership roles in pricing, contracting/reimbursement, analytics and forecasting
development - Strong analytical, problem solving and business skills; with the ability to communicate
effectively with senior management - Proficient in Excel, Word, PowerPoint
- Strong problem-solving skills, including the knowledge of source data (e.g., Symphony and IQVIA,) with the ability to research complex policy issues and lead quantitative analyses
- In-depth knowledge of health care pricing, contracting and reimbursement practices and
regulatory requirements - Knowledge and experience of ASP ,AMP , VA, DoD, 340B price calculations dynamics is highly preferred
- Ability to work in a deadline-driven and fast-paced multi-tasking environment including
managing multiple projects with on time completion
The presently-anticipated base compensation pay range for this position is $188,500 to $230,000. Actual base compensation may vary based on a number of factors, including but not limited to geographical location and experience. In addition, this position is part of the Annual Performance Bonus Plan. Employees are eligible to participate in Company employee benefit programs which include medical, dental and vision coverage; life insurance; disability insurance; 401(k) savings plan; flexible spending accounts; and the employee assistance program. Employees also receive various paid time off benefits, including vacation time and sick time.
The compensation and benefits described above are subject to the terms and conditions of any governing plans, policies, practices, agreements, or other materials or documents as in effect from time to time, including but not limited to terms and conditions regarding eligibility. If hired, employee will be in an “at-will position” and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company, or individual department/team performance, and market factors.
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees as assigned to this job. Nothing herein shall preclude the employer from changing these duties from time to time and assigning comparable duties or other duties commensurate with the experience and background of the incumbent(s).
We provide equal employment opportunities for all current employees and applicants for employment. This policy means that no one will be discriminated against because of race, religion, creed, color, national origin, nationality, citizenship, ancestry, sex, age, marital status, physical or mental disability, affectional or sexual orientation, military or veteran status, generic predisposing characteristics or any other basis prohibited by law.
Notice to Agency and Search Firm Representatives:
Sun Pharmaceuticals (Sun) is not accepting unsolicited resumes from agencies and/or search firms for this job posting. Resumes submitted to any Sun employee by a third party agency and/or search firm without a valid written & signed search agreement, will become the sole property of Sun. No fee will be paid if a candidate is hired for this position as a result of an unsolicited agency or search firm referral.
Nearest Major Market: New Jersey