Associate Director – Biosimilar Pricing, Analytics and Strategy
Location
Illinois
Posted
6 days ago
Salary
$115K - $155K / year
Seniority
Senior
Job Description
Associate Director – Biosimilar Pricing, Analytics and Strategy
OWP Pharmaceuticals
• Develop WAC and net price strategies at launch and lifecycle for each biosimilar asset • Build pricing models, including channel specific models (Pharmacy/PBM vs Buy and Bill/ASP), model ASP impact scenarios and articulate tradeoffs, and forecast modeling • Present pricing and strategy recommendations to senior leadership and key stakeholders to maximize patient access • Serve as a commercial payor and government contracting expert to the organization on statutory pricing compliance, price transparency reporting, and GTN impacts that result from contracting • Partner with Finance on gross-to-net (GTN) budget assumptions, accrual calculations, and all gross-to-net matters • Responsible for oversight of all Government Pricing programs including calculation of statutory prices (ASP, AMP, BP, PHS, NFAMP, FSS), and compliance with Federal regulations and statutes • Oversees implementation, administration, claim validation and payment of Payor and government agreements by the internal team and with a third-party vendor • Partners closely with Legal to ensure contract language, agreement terms, and program compliance • Serves as a primary liaison to the Pricing Compendia reporting any price or product updates to the marketplace • Monitor competitive price moves across reference product and competing biosimilars; recommend response strategies • Maintains governance of a pricing repository for all product pricing and terms available to the distributors so Trade can seamlessly release product orders • Participates in and holds the Sarbanes-Oxley compliance oversight over the Pricing Committee • Develops and maintains departmental SOPs to ensure operational compliance with internal policies • Partners closely with External and Internal Audit teams to ensure control compliance • Manages third-party vendor relationships and reviews deliverables • Position to evolve into overseeing, developing, and managing a team that supports and operationalizes the Pricing and Contracting initiatives for the organization
Job Requirements
- BA/BS in related field, or equivalent experience; MBA preferred
- 8+ years in the pharmaceutical industry; 5+ years in biosimilar or managed market leadership role strongly preferred
- 8+ years of experience in government pricing, commercial contracting, and gross-to-net support
- Advanced level of understanding of the US healthcare systems including organization, reimbursement, formulary strategy, decision making and emerging trends
- Strong financial modeling skills; fluency in GTN and rebate structures
- Hands-on experience with GPO contracting, PBM formulary strategy, and pay or negotiations strongly preferred
- Ability to analyze/interpret contract language and identify risks to the company
- Flexibility to work in a fast-paced environment with multiple demands with a high level of initiative and independence
- Ability to work cross-functionally within areas such as Accounting, Commercial Analytics, Compliance, Finance, Government Affairs, IT, Legal, Market Access, and Trade
- Strong problem-solving skills and the ability to analyze and reconcile contracts and financial data
- Excellent organizational skills with a strong attention to detail
- Motivated self-starter with the ability to think strategically and work independently
- Proficiency in Microsoft Office
- Professional, proactive demeanor
- Strong interpersonal skills
- Excellent written and verbal communication skills.
Benefits
- Competitive pay and medical, dental, and vision insurance
- Flexible spending accounts
- Long- and short-term disability insurance, as well as life insurance
- 401(k) plan with match
- Competitive PTO and company-paid holidays
- Paid parental leave (maternity & paternity)
- Employee assistance program
- Onsite gym
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