Pricing Manager - Pharmaceuticals

Summary/Objective

The Pricing Manager is responsible for leading processes and systems related to the management of the Pricing of offers for customers. Conduct and manage the Bid / RFP process independently, maintaining pricing in internal databases/ systems as well as official compendia in accordance with the published pricing policy and ensures that all necessary compliance steps are performed.

Responsibilities:

· Implementation of analytical tools and expertise supporting the generic product contracting strategies;

· Evaluation of customer contracting opportunities

· Performing Competitive analysis

· Monitoring performance change and compliance with contract terms

· Prepares and validates pricing negotiations, administration, analysis, proposals and customer contract activities for accurate contract acquisition and fulfillment in accordance with company policies, legal requirements, and customer specifications.

· Manages submissions of pricing proposals prepared/submitted in the AdvaGen Bid Portal for appropriate approvals.

· Collaborates in a cross functional environment to communicate all aspects of the contracting process and to ensure the fulfillment of all contractual obligations in a timely and accurate manner.

· Orchestrates the overall pricing validation efforts, customer awards/losses notifications, and new business opportunities processes.

· Maintains products within product catalog and assesses strategic portfolio optimizations / rationalizations.

· Develops and recommends the establishment of SWP, List, and WAC pricing.

· Communicates all applicable product and pricing data with Trade Pricing Compendia, State Medicaid Agencies, and Puerto Rico Product Registration Office.

· Prepares bids, processes specifications, and prepares progress and other customer reports.

· Executes price change documents, including pricing amendments, new contract loads, compliance documents, and gains necessary approvals.

· Monitors and documents competitive selling information on a routine basis for use in contract and pricing analyses.

· Assists finance on customer sales deductions for proper identification and payment.

· Assists finance with customer rebate or administrative fee program administration and provides a link between the customer and finance department.

· Prepares standard financial reports related to RFPs and rebates and develops systems and procedures to track programs.

· Professionally represents the interests of Company with customer requests while securing contractual relationships for the sale of products.

· Monitors purchases for performance change and compliance with contract terms.

· Fosters decisions and processes that minimize chargeback discrepancies and customer deductions.

Education and Experience

· BA/BS degree

· At least two years of commercial generic pharmaceutical pricing experience (i.e., managing the internal contract process, hands-on contractual work, document submission, negotiations, execution, and customer service)

· Experience in developing work flow systems, procedures and customizing documents

· Pharmaceutical Generic business experience preferred; familiarity with the business and regulatory environment, organization structure, functional roles and responsibilities, pharmaceutical terminology

· Experience in managing and processing rebates, fees and discounts; knowledge of related legislation, contracting and pricing guidelines

Skills and Competencies

· Read, comprehend and write complex documents;

· Strong Excel Modelling Skills; and keen eye for detail and accuracy

· Understand and apply mathematical concepts and reasoning, analyze and use numerical data;

· Apply negotiation, critical thinking and problem solving skills; ability to manage information (collect, analyze, and organize information from a variety of sources);

· Ability to manage change and accepting personal responsibility; computer literacy, Internet skills, ability to retrieve and manage information using technology;

· Knowledge of records and data management best practices, tools and technology support systems.

· Ability to provide transparency of process and influence decision makers.

Position Type

Regular full-time

Travel

The position may require some overnight travel.

Salary:

110,000- 120,000 per year

Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Paid time off
• Vision insurance

Work Schedule:

• 8 hour shift
• Day shift
• Monday to Friday
• 100% on site

Job Type: Full-time

Pay: $110,000.00 - $120,000.00 per year

Benefits:

• Dental insurance
• Paid time off
• Vision insurance

Experience:

• Pricing: 3 years (Preferred)

Ability to Commute:

• East Windsor, NJ 08520 (Required)

Ability to Relocate:

• East Windsor, NJ 08520: Relocate before starting work (Required)

Work Location: In person