Associate Director, Strategic Pricing
3 weeks ago
Associate Director, Strategic Pricing
The Associate Director, Strategic Pricing will have a broad range of responsibilities related to revenue management, pricing strategy, and the development of pricing tools. The Associate Director will have a comprehensive understanding of revenue management, a thorough awareness of diverse pricing strategies, and the ability to develop appropriate tools to support them. The individual will create effective revenue management and pricing strategies to increase profitability and will design and implement controls that help monitor pricing trends and sales data to make informed recommendations for changes to strategy. The Associate Director will oversee all internal reporting aspects relating to program performance, including gathering, analyzing, and presenting data concisely.
Responsibilities
Conduct detailed analyses of data derived from the revenue management system.
Leverage system knowledge and professional insight to generate informative reports that identify untapped prospects for growth or opportunities to reduce inefficiencies in the commercial program.
Contribute to the function's strategic development through developing a cross-function network of colleagues to champion recommendations to enhance strategies.
Lead the charge in implementing the pricing strategies and help analyze and assess the effectiveness of the current strategy and making necessary adjustments to ensure the company meets business objectives.
Independently test and refine tactical decisions to stay ahead of the competition and achieve sustained success.
Provide valuable recommendations based on market trends and customer behavior analysis and the input will help guide the pricing decisions and ensure they align with the overall team goals.
Work with other team members to develop and implement pricing strategies that give the company a strategic advantage in the marketplace.
Use experience in pricing analysis and strategic decision-making to maximize profitability, increase market share, and build long-term customer loyalty.
Create and implement pricing models and tools to enhance the sales team to achieve their targets.
Interpret complex data sets and communicate effectively with different departments and stakeholders.
An understanding of pricing methodologies and experience in developing pricing strategies that have helped drive sales growth in previous roles.
Qualifications
Bachelor's degree in business, health policy, health economics, life sciences or healthcare discipline; MBA preferred.
10 year’s pharmaceutical industry experience including market access, brand/specialty channel marketing and account management.
Expertise in achieving coverage and payment for branded specialty products.
Knowledge of relevant legal, compliance and regulatory requirements.
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