Address
Form of workThe Managed Markets Finance team is responsible for forecasting and managing the balance sheet liabilities for the Commercial, Medicare Part D/Coverage Gap, Medicaid, and Tri Care channels for all BioPharma products.
Other critical responsibilities include managing and preparing the Chargebacks pipeline accrual, Sales Returns accruals (Sales Returns and Steady State), and GPO Admin Fee accruals.
The Senior Director of Managed Markets Finance reports directly to the Senior Vice President of Biopharma Group Finance, member of the Biopharma Finance Leadership Team and manages a team of 5 colleagues.
ROLE RESPONSIBILITIES
The Sr Director, Managed Market Finance is responsible for:
- Forecasting and accrual of rebates for the Commercial, Medicare/Coverage Gap, Medicaid, Tri Care, and VA rebate channels
- Reconciliation of Balance Sheet liability accounts associated with the above channels
- Sales Returns reserves and point of sale accruals
- GPO admin fee accruals
- Chargebacks pipeline accrual
- Forecast and accrual for the Branded Prescription Drug Fee
- Partner with US Policy, Global Pricing, PCA and GFS to model the impact of legislative changes on future gross to net accruals
- Lead the implementation of forecast/accrual changes driven by passage of the Inflation Reduction Act
- Responsible for modeling the net impact of proposed WAC price changes for presentation to Executive Leadership Team
- Prepare and present gross to net forecasts, results, and projections to Senior Leadership
- Monitor Gross to Net forecast trends and work closely with Commercial Finance to educate Commercial colleagues on the impact of contracting and pricing decisions on gross to net
- Lead the review of forecasting processes and quarterly results with internal and external audit
- Collaborate with Commercial Finance to estimate the appropriate channel mix for launch products and products that have lost exclusivity
- Lead the integration of products acquired in business development deals into legacy Pfizer gross to net accrual and forecast process
- Partner with PCA (PHI organization), Controllers and Commercial Finance to determine the appropriate revenue recognition for value based and/or outcomes-based contracts
- Accountable for coaching and developing direct reports
- Model Pfizer values and leader behaviors
- Comply with corporate policies and procedures
Other skills:
- Ability to manage and prioritize competing business needs and high priority deliverables
- Demonstrated ability to motivate and develop others
- Experience working in a deadline driven environment and leading through change
- Strong negotiation and influencing skills
- Demonstrated ability and comfort working with senior leaders.
- Track record of leading strategic initiatives
REQUIRED BASIC QUALIFICATIONS
- Bachelor's Degree in Finance or Accounting
- 15+ years of experience in finance or accounting
- Must have very strong analytical, interpersonal, and communication skills (oral, written & presentations) demonstrating the ability to effectively summarize critical information into clear, concise, and insightful updates.
- Strong financial modeling and critical thinking skills, and proactive thought leadership
PREFERRED QUALIFICATIONS
- CPA or MBA
- Business finance partner for US Pharma business or with experience in managing activities related to US healthcare system and gross to net
Other job details:
- Last day to apply: February 24, 2023
- Work Location Assignment: On premises: must be able to work at assigned Pfizer office 2-3 days per week, or as needed by the business
Candidate demonstrates a breadth of diverse leadership experiences and capabilities including: the ability to influence and collaborate with peers, develop and coach others, oversee and guide the work of other colleagues to achieve meaningful outcomes and create business impact.
The annual base salary for this position ranges from $185,800.00 to $297,700.00. In addition, this position offers an annual bonus with a target of 22.5% of the base salary and eligibility to participate in our share based long term incentive program. Benefits offered include a retirement savings plan, paid vacation, holiday and personal days, paid caregiver/parental and medical leave, and health benefits to include medical, prescription drug, dental and vision coverage in accordance with the terms and conditions of the applicable plans. Salary range does not apply to the Tampa, FL location.
Relocation assistance may be available based on business needs and/or eligibility.
Pfizer requires all U.S. new hires to be fully vaccinated for COVID-19 prior to the first date of employment. As required by applicable law, Pfizer will consider requests for Reasonable Accommodations.
Sunshine Act
Pfizer reports payments and other transfers of value to health care providers as required by federal and state transparency laws and implementing regulations. These laws and regulations require Pfizer to provide government agencies with information such as a health care provider's name, address and the type of payments or other value received, generally for public disclosure. Subject to further legal review and statutory or regulatory clarification, which Pfizer intends to pursue, reimbursement of recruiting expenses for licensed physicians may constitute a reportable transfer of value under the federal transparency law commonly known as the Sunshine Act. Therefore, if you are a licensed physician who incurs recruiting expenses as a result of interviewing with Pfizer that we pay or reimburse, your name, address and the amount of payments made currently will be reported to the government. If you have questions regarding this matter, please do not hesitate to contact your Talent Acquisition representative.
EEO & Employment Eligibility
Pfizer is committed to equal opportunity in the terms and conditions of employment for all employees and job applicants without regard to race, color, religion, sex, sexual orientation, age, gender identity or gender expression, national origin, disability or veteran status. Pfizer also complies with all applicable national, state and local laws governing nondiscrimination in employment as well as work authorization and employment eligibility verification requirements of the Immigration and Nationality Act and IRCA. Pfizer is an E-Verify employer.
Finance & Accounting
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