Senior Analyst, Channel/Institutional Contracts

This is a temporary contractor opportunity at Novartis
Novartis touches the lives of a tenth of the world's population. Every role here, regardless of contract type, makes an impact on human life!
Novartis US partners with external managed service provider Magnit Global to offer engaging temporary contractor opportunities like this, to those who are looking for flexibility in their career while looking to gain new skills and experiences providing services to an inclusive global medicines company. Click here to learn more about Magnit www.magnitglobal.com
Ready to work with/through Magnit at Novartis? Please read on...
Summary:
To support the IM US organization with contract preparation and the accurate and timely administration of discount agreements. This entails contract authoring research, draft amendments, contract interpretation and system entry; validating chargebacks and membership; rebate payment adjudication.
Responsibilities:
• Process Expert/Lead - Maintain a high degree of contract drafting accuracy. Work closely with operational stakeholders to ensure seamless transition of the contract from inception to implementation. Evaluate and interpret contracts to ensure correct setup of products, pricing, chargeback, and membership terms. Create and maintain Indirect/Direct membership information in Model N and SAP. Conduct Class of Trade research to support Government Pricing calculations. Serve as subject matter expert for the department and leverage knowledge of system and chargeback/membership expertise to drive priorities, project development quality/speed, and compliance. Manage and/or coordinate special projects.
• Business Partnering - Support contract strategy feasibility discussions with IM US contract teams. Demonstrate effective prioritization to ensure document turnaround times within agreed-upon timelines. Partner with the Government Pricing team to ensure accurate pricing calculations. Communicate with wholesalers, GPO, LTC, Specialty Groups, HIBCC, IMS, and HRSA to determine member eligibility. Partner with Market Access to support the implementation of new strategies. Work with teams in remote locations both inside and outside the U.S. to achieve department objectives.
• Team Leadership/Meeting Facilitation - Conduct meetings to achieve issue resolution within the department, with internal customers, wholesalers, specialty distributors, LTC, and GPOs. Maintain systems and logs to track contracts, rebate, chargebacks, and membership issues for accurate reporting to management.
• Data Analytics/Super User: Designated resource within department to be the expert on all systems and programs. Provide expertise in testing, troubleshooting, as well as identifying errors and process efficiencies.
• Quality Assurance - Ensure adherence to all standard operating procedures and SOX requirements. Ensure communication to management about identified risks to the department and organization. Identify any areas for improvement and provide actionable feedback.
Key Performance Indicators (Indicate how performance for this job will be measured)

• Timeliness targets for contract authoring, contract entry, chargeback processing, membership maintenance, and rebate payments are achieved each month
• Accuracy targets for contract entry, chargeback processing, membership maintenance, and rebate payments are achieved each month
• Fulfillment of objectives and service level agreements achieved
• Well organized, compliant, innovative, and collaborative team environment is sustained

Education (minimum/desirable):

• BA/BS degree or Equivalent 4-year degree required. Focus in Finance, Accounting, or Business Administration preferred.

Languages:

• Mastery of the English language (written and oral)

Experience/Professional requirement:

• > 2 years' experience in pharmaceutical/biotech industry
• Familiarization with contract authoring, chargeback adjudication, rebate processing, membership, and contract maintenance preferred

Technical Knowledge/Professional Competencies

• Working knowledge of class of trade and customer identifiers
• Understanding of pharmaceutical product discount contracts with various healthcare providers
• Proficiency in computer applications, including Microsoft Office, Outlook, and Adobe Acrobat
• Proficiency with life science applications. Model N. Deal Management and SAP a plus

Leadership/Organizational Skills

• Demonstrate persistent follow through and ability to juggle shifting priorities with ease
• Superior proof reading and organizational skills; detail oriented and self-directed
• Proven ability to work independently, prioritize workload and manage competing priorities.
• Ability to research and respond to complex customer issues with reasoned judgment
• Strong collaboration, communication and negotiating skills
• Strong leadership, motivation skills with ability to influence without direct responsibility
• Strong project and process management experience
• Results-oriented ability to deliver under tight deadlines
• Willingness to train and coach others

Location: Hybrid; East Hanover, NJ
Contract: 12 months
Pay range: $35-$55/hr

• Health, Dental, Vision, 401k

Why Novartis?
766 million lives were touched by Novartis medicines in 2021, and while we're proud of this, we know there is so much more we could do to help improve and extend people's lives.
We believe new insights, perspectives and ground-breaking solutions can be found at the intersection of medical science and digital innovation. That a diverse, equitable and inclusive environment inspires new ways of working.
We believe we can reinvent what's possible when we collaborate with courage to ambitiously tackle the world's toughest medical challenges. Because the greatest risk in life, is the risk of never trying!
Imagine the impact you could make here at Novartis!
Commitment to Diversity & Inclusion:
Novartis is committed to building an outstanding, inclusive work environment with diverse teams representative of the patients and communities we serve.
To do our best work we need different viewpoints, which is why here at Magnit, we celebrate diversity and embrace inclusion. As an equal opportunity employer, Magnit is dedicated to building a team that represents a variety of backgrounds, perspectives, and skills. We strive to ensure that we maintain a positive and enriching work environment for all.
Accommodation:
If you require reasonable accommodation in completing this application, interviewing, completing any pre-employment testing, or otherwise participating in the employee selection process, please direct your inquiries to Magnit at directsourceproteam@prounlimited.com or 1.862.778.5441.
Commitment to Diversity and Inclusion / EEO