Senior Analyst, Payer Analytics

Company Description

AbbVie's mission is to discover and deliver innovative medicines and solutions that solve serious health issues today and address the medical challenges of tomorrow. We strive to have a remarkable impact on people's lives across several key therapeutic areas – immunology, oncology, neuroscience, and eye care – and products and services in our Allergan Aesthetics portfolio. For more information about AbbVie, please visit us at www.abbvie.com. Follow @abbvie on Twitter, Facebook, Instagram, YouTube and LinkedIn.

Job Description

Description

 

AbbVie’s mission is to discover and deliver innovative medicines that solve serious health issues today and address the medical challenges of tomorrow. We strive to have a remarkable impact on people’s lives across several key therapeutic areas: immunology, oncology, neuroscience, eye care, virology, women’s health, and gastroenterology, in addition to products and services across its Allergan Aesthetics portfolio.

 

 

 

 

 

The Senior Analyst, Payer Contracting Analytics candidate will play an important role in the continued success and growth of AbbVie’s US Market Access & Contracting.  The candidate will closely collaborate with executive stakeholders from Marketing / Sales / Finance to analyze contracting strategies and initiatives to maintain robust sales in a rapidly changing market. Additionally, the candidate will get deep insights into financial modeling design and validation.

 

 

 

 

 

The candidate will support the development of spend and trend forecasting, as well as perform SWOT (Strength, Weakness, Opportunities, Threats) analysis regarding our customers (managed healthcare entities) and our competitors. The role is dynamic, and the analysis will be dictated by market events from the formulary negotiations. The role involves providing analytics and financial modeling across both all sales channels and products. Additionally, the candidate will support the model validation and control process, to ensure the forecasts provided are robust and accurate.

 

 

  

 

 

Key Job Responsibilities

 

 

The candidate will be responsible for validating and supporting the financial models used to project gross-to-net spend and forecast sales. The individual will need to be detailed oriented to update model assumptions resulting from marketplace or legislative developments and communicate findings to influence business strategy across a wide variety of executive audiences. The candidate will calculate the possibilities for the future and help evaluate risk with sophisticated data analytics.

 

 

 

 

 

Additionally,

 

 

• Require attention detail to attention, in terms of calibrating the correct assumptions for the financial models. Ability to reasonability check financial output is crucial.


• Demonstrating working knowledge in understanding if model output is reasonable, and be able to explain how changes in model assumptions results in corresponding changes in output and financial recommendations.


• Take advanced analytics from multiple therapeutic areas and utilize insights to apply solutions.


• Synthesize data and other internal and external inputs to frame problems and propose potential strategic innovative options related to enterprise strategic planning.


• Demonstrating awareness, use and integration of secondary data sources, integrating findings across studies to provide strategic insight, and guiding research decisions based on applicability and limitations of primary versus secondary research.


• Delivering research and analytical findings objectively to Market Access Sales and Marketing Leadership teams, and other internal customers, regardless of the implications of their results.


• Conducting analytics though the integration of complex datasets that frame the parameters around trade initiatives, assessment, segmentation and targeting strategies, hypothesis testing, pilot experiment design, and predictive analytics.

 
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Significant Work Activities -Continuous sitting for prolonged periods (more than 2 consecutive hours in an 8 hour day)

 

Qualifications

• Bachelor’s degree in one of the following fields: Actuarial Science, Quantitative Finance, Data Science, Statistics, Economics, Engineering, and/or Applied Mathematics


• Master’s degree in the above listed fields, or advanced professional credentials demonstrating ability to run financial models (actuarial designations, CFA, etc.)


• Minimum of 2 years of experience in financial modeling, actuarial science, or quantitative finance


• Proven ability to produce results under dynamic environments and provide structure onto unstructured challenges.


• Above average communication skills (written and verbal), strong analytical skills, and attention to detail.


• Proven ability to distill complex information into concise and impactful messages/presentations.

 
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·         Working knowledge of trend forecasting, and ability to run quantitative financial models.

 

 

·         Knowledge of the health benefits arena, preferably in pharmacy benefits management ""PBM"" or other managed healthcare services to national and regional managed care organizations, insurance companies, and other health related entities.

 

 

·         Knowledge of the overall pharmacy marketplace, either from a buy-side perspective (insurance / PBM) or from a sell-side perspective (manufacturer / wholesaler)

 

Additional Information

Applicable only to applicants applying to a position in any location with pay disclosure requirements under state or local law: ​

• The compensation range described below is the range of possible base pay compensation that the Company believes in good faith it will pay for this role at the time of this posting based on the job grade for this position. Individual compensation paid within this range will depend on many factors including geographic location, and we may ultimately pay more or less than the posted range. This range may be modified in the future.​
• We offer a comprehensive package of benefits including paid time off (vacation, holidays, sick), medical/dental/vision insurance and 401(k) to eligible employees.​
• This job is eligible to participate in our short-term incentive programs. ​

Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, incentive, benefits, or any other form of compensation and benefits that are allocable to a particular employee remains in the Company's sole and absolute discretion unless and until paid and may be modified at the Company’s sole and absolute discretion, consistent with applicable law. ​

AbbVie is committed to operating with integrity, driving innovation, transforming lives, serving our community and embracing diversity and inclusion.  It is AbbVie’s policy to employ qualified persons of the greatest ability without discrimination against any employee or applicant for employment because of race, color, religion, national origin, age, sex (including pregnancy), physical or mental disability, medical condition, genetic information, gender identity or expression, sexual orientation, marital status, status as a protected veteran, or any other legally protected group status.