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Director of Pricing and Contracting Strategy
2 months ago
GlaxoSmithKline is seeking a highly skilled Director of Pricing and Contracting Strategy to join our team. As a key member of our pricing and contracting strategy team, you will be responsible for developing and implementing short and long-term pricing and contracting strategies for our portfolio of products.
Key Responsibilities- Develop and Implement Pricing and Contracting Strategies
Develop and implement pricing and contracting strategies that align with our business objectives and ensure optimal revenue growth.
Lead Product Launch Pricing and Contracting StrategiesLead the development of product launch pricing and contracting strategies that meet our business objectives and ensure a successful product launch.
Monitor and Analyze Contract PerformanceEngage with key stakeholders to effectively monitor current contract performance and inform on current and future state of business and competitive actions/offers impacted by competition and market trends.
Partner with StakeholdersClosely partner with all relevant stakeholders for tactical execution of contract strategy and ensure alignment with business objectives.
Develop Business CasesDevelop business cases to support the contract review and approval processes, including partnership with legal, brand marketing, market access, and finance.
Collaborate with Cross-Functional TeamsCollaborate with other relevant stakeholders to ensure enablers for key customer and environmental strategies are in place.
Requirements- 7+ Years of Relevant Pharmaceutical Experience
BS/BA in a relevant field and 7+ years of relevant pharmaceutical experience, including market access, pricing, contract analytics, brand marketing, market research, and finance.
Minimum of 3+ Years of Experience in Navigating Payer, Provider, and Legislative LandscapeMinimum of 3+ years of experience in navigating payer, provider, and legislative landscape and application of pharmaceutical marketing competences.
Travel Required: 10-15%Travel required: 10-15%.
Preferred Qualifications- MBA
MBA preferred.
Experience Working with TeamsExperience working with teams to develop payer and segment-specific market insights and incorporating them into the brand/strategic planning process.
Ability to Combine Data Analysis with Qualitative InsightsAbility to combine data analysis with qualitative insights to identify and explain market access, brand, and above-brand drivers of business performance.
Understanding of Corporate Finance FundamentalsUnderstanding of corporate finance fundamentals, including gross and net sales, P&L inputs, gross margin, COGs, working capital, etc.
Understanding of Specialty Trade ChannelsUnderstanding of specialty trade channels, pricing, reimbursement, and appropriate market access strategies.
Experience Hiring and Managing Third-Party VendorsExperience hiring and managing third-party vendors.
Good Understanding of Provider Reimbursement DynamicsGood understanding of provider reimbursement dynamics at a teach-it level to effectively guide team members.
Experience and Understanding of US Market Access Business DynamicsExperience and understanding of US market access business dynamics and customer business models, including PBMs, health plans, providers, pharmacies, hospitals, clinics, ASOCs, etc.
Excellent Communication and Interpersonal SkillsExcellent communication, interpersonal influencing, and prioritization skills required with proven ability to influence across matrixed organizations.