Senior Pricing & Contracts Analyst

Job Summary

The Senior Pricing and Contracts Analyst provides strong contract expertise and pricing support to the Brand Specialty Pricing team. This position works closely with the Market Access, Finance, Legal, and Compliance teams.  The Senior Pricing and Contracts Analyst will oversee the stewardship of information and contract-related process flow between the Market Access team, contracted customers, and distribution partners. Reporting into the Director of Pricing & Contracts, the Senior Pricing and Contracts Analyst will help manage the lifecycle of contracts from initial strategy planning and drafting, through negotiation, signatures, updates, renewals, and termination.

Essential Functions

• Manage the lifecycle of contracts from initial strategy planning and drafting, through negotiation, signatures, updates, renewals, and termination
  • Support preparation of competitive bids and RFP responses
  • Work with the business lead, clients, legal, compliance, and internal teams on contract term updates
  • Interpret contractual language of rebate structure
  • Draft contracts based on terms discussed with clients and feedback from legal team
  • Ensure all contracts are reviewed, red-lines, and revised for compliance
  • Collaborate with Finance team to ensure successful implementation and maintenance of contracts, including reconciliation of contract performance
  • Analyze pricing and contract-related information, prepare analyses and provide support for adhering to pricing policies, rebate programs, and contractual terms
  • Review contract terms and continuously monitor ongoing contract changes and accuracy of programs and terms
  • Ensure the processing of all contractual obligations in accordance with agreed upon terms and conditions
• Develop and maintain Standard Operating Procedures (SOP) of departmental workflow
  • Review of contractual documents to ensure adherence to company policy, government specifications and requirements, and conformance to master agreements
  • Prepare and maintain appropriate departmental records and contract database, including all necessary approvals
  • Create and manage documentation of all pricing changes, notifications, and membership changes
  • Maintain contract effective/expiration status reports
• Support internal and external customers through contract lifecycle, including development of internal reporting
  • Maintain logs to track contracts, as well as rebate, chargebacks, and membership issues for accurate reporting to management
  • Support preparation of monthly contract performance reports
  • Responsible for the review, validation and notification of contract membership updates to key stakeholders
  • Work with internal/external customers to respond to and resolve inquiries related to contract compliance (i.e., pricing, membership, etc.)

Additional Responsibilities

• Other duties as assigned

Education

• Bachelors Degree (BA/BS) in business-related function - Required

Work Experience

• 5 years or more in Contract Management or Contract Administration, ideally within brand pharmaceuticals, biotech, or life sciences; Pricing, Contracting, Rebates or Chargebacks experience - Required

Skills and Abilities

• Strong technical skills in Microsoft Word, Excel, PowerPoint, OneNote, Outlook, Adobe Sign and DocuSign, including proficiency with pivot tables, charts, graphs, VLOOKUPs, etc. - Advanced
• Strong organizational ability and exceptional project management skills with the ability to work under tight timelines and deadlines in an environment of competing priorities - Advanced
• Ability to research and respond to complex customer issues with reasoned judgment - Intermediate
• Excellent and professional verbal, written, and interpersonal communication skills - Advanced
• Self-starter: Seeks out information, training, and other resources needed to facilitate continual professional development necessary to be successful in this position - Intermediate
• Results-oriented ability, with ability to multi-task and work under pressure to deliver under tight deadlines - Advanced
• Able to manage customer relationships, effectively present information and respond to questions from internal and external stakeholders - Intermediate
• Excellent attention to detail - Advanced
• Ability to prepare, analyze and interpret general reports. - Advanced
• Ability to stimulate and enable innovative thinking to drive change and effectiveness through high automation and process excellence - Advanced
• Ability to exercise discretion and confidentiality - Advanced

Specialized Knowledge

• Required: Strong understanding of contract terms and contracting for branded pharmaceuticals
• Preferred: Previous experience in pharmaceutical pricing and contracts role
• Preferred: Project and process management experience
• Preferred: Exposure to and/or knowledge of 340B eligibility, rebate payments, key pharmaceutical contract pricing terms and conditions