Senior Contract Analyst

4 days ago


East Hanover, New Jersey, United States The Fountain Group Full time
Job Description

Job Title: Senior Contract Analyst

Job Summary:

The Senior Contract Analyst will provide support to the IM US organization with contract preparation and the accurate and timely administration of discount agreements. This entails contract authoring research, draft amendments, contract interpretation and system entry; validating chargebacks and membership; rebate payment adjudication.

Key Responsibilities:

  • Contract Authoring Research: Conduct research to support contract authoring and ensure accuracy in contract drafting.
  • Contract Entry: Enter contracts into the system and ensure accurate setup of products, pricing, chargeback, and membership terms.
  • Chargeback and Membership Validation: Validate chargebacks and membership to ensure accurate processing and payment.
  • Rebate Payment Adjudication: Adjudicate rebate payments to ensure timely and accurate payment.
  • Process Expertise: Maintain a high degree of contract drafting accuracy and work closely with operational stakeholders to ensure seamless transition of the contract from inception to implementation.
  • Business Partnering: Support contract strategy feasibility discussions with IM US contract teams and demonstrate effective prioritization to ensure document turnaround times within agreed-upon timelines.
  • Team Leadership/Meeting Facilitation: Conduct meetings to achieve issue resolution within the department, with internal customers, wholesalers, specialty distributors, LTC, and GPOs.
  • Data Analytics/Super User: Designated resource within department to be the expert on all systems and programs, providing expertise in testing, troubleshooting, as well as identifying errors and process efficiencies.
  • Quality Assurance: Ensure adherence to all standard operating procedures and SOX requirements, ensuring communication to management about identified risks to the department and organization.

Requirements:

  • BA/BS degree or Equivalent 4-year degree required. Focus in Finance, Accounting, or Business Administration preferred.
  • 3+ years of related experience required. Performing similar work.
  • 2 years' experience in pharmaceutical/biotech industry related experience.
  • Familiarization with contract authoring, chargeback adjudication, rebate processing, membership, and contract maintenance.
  • Working knowledge of class of trade and customer identifiers.
  • Understanding of pharmaceutical product discount contracts with various healthcare providers.
  • Proficiency in computer applications, including Microsoft Office, Outlook, and Adobe Acrobat.
  • Proficiency with life science applications. Model N. Deal Management and SAP a plus.


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