Pharmaceutical Pricing Analyst

1 month ago

East Windsor, United States AdvaGen Pharma Full time

Summary/Objective


The Pricing Analyst is responsible for 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 systems as well as official compendia in accordance with the published pricing policy and ensures that all necessary compliance steps are performed.


Responsibilities:


  • Performing Competitive analysis
  • 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 award / loss notifications, and new business opportunities processes.
  • 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
  • Prefer at least one year of commercial generic pharmaceutical pricing, finance or related experience
  • Experience in developing workflow systems, procedures and customizing documents
  • Generic Pharmaceutical business experience preferred, familiarity with the business and regulatory environment, organization structure, functional roles and responsibilities, pharmaceutical terminology


Skills and Competencies

  • Strong Excel Modelling Skills; and keen eye for detail and accuracy
  • Understand and apply mathematical concepts and reasoning, analyze and use numerical data
  • Experience with MS Power BI, preferred
  • Read, comprehend and write complex documents
  • 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


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

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