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Sr Director, Market Access Finance & Gross to Net Forecasting

Date: Jan 14, 2025

Location:

Parsippany, United States, New Jersey, 07054

Company: Teva Pharmaceuticals

Job Id: 60280

Who we are

Together, we’re on a mission to make good health more affordable and accessible, to help millions around the world enjoy healthier lives. It’s a mission that bonds our people across nearly 60 countries and a rich, diverse variety of nationalities and backgrounds. Working here means working with the world’s leading manufacturer of generic medicines, and the proud producer of many of the products on the World Health Organization’s Essential Medicines List. Today, at least 200 million people around the world take one of our medicines every single day. An amazing number, but we’re always looking for new ways to continue making a difference, and new people to make a difference with.

The opportunity

Reporting to the Senior Vice President and US CFO, the Senior Director, Market Access Finance and Gross to Net Forecasting will be responsible for managing the forecasting and planning for US Gross to Net components for Teva portfolio. You will interact with Pricing, Market Access, Patient Services & Demand forecasting teams to understand brand trends and movement to forecast customer / channel mix and relative rebate rates. This group will work closely with brand finance, Revenue Accounting, Market Access contracting and field teams, Treasury, demand forecast and the Pricing teams. You will need to meet company-forecasting deadlines and be able to strongly interact with stakeholders. The successful candidate will have an ability to thrive in an environment of rapid change; work effectively in cross-functional teams; will be highly resourceful; able to deliver strong results and analytics to support decision making; have a passion for operational excellence and possess strong communication and analytical skills.

• Net Collections Forecasting: This role will be responsible for net collections forecasting on a periodic basis that aligns with planning calendar deliverables. This includes collaboration with Treasury, Rebates and Medicaid teams to quantify timing of payables, deductions and gross collections based on sales mix across the business units.

• Market Access Contracting: This role will partner with Payer Marketing & Market Access contracting team to challenge, evaluate and align on Commercial, Medicare & Medicaid supplemental contracting proposals both in terms of strategy and key metrics. The role will provide and/or coordinate feedback and impact analysis versus current forecast and/or budget assumptions prior to and leading up to presentation and approvals with senior leadership.

• IRA Responsibilities: This role will collaboration with Government Policy and Payer Marketing as a key point of contact for finance with regards to assessing impact, providing various data points and coordination of data submissions with regards to IRA components and MFP negotiations. This may include involvement with 3rd party assessments. This work will also inform GTN forecast updates where appropriate.

How you'll spend your day

• Responsible for the review of all deductions (rebates and chargebacks) associated with US Portfolio.

• Develop cash flow forecasts that enable Treasury to more accurately anticipate cash flow patterns.

• Give clear instruction to direct reports regarding forecasting deliverables and effectively highlight risks and opportunities.

• Work closely with all cross–functional areas including Pricing, Marketing, Market Access and Finance to ensure successful execution of strategic goals and financial deadlines

• Interact with Pricing Group and Contract Administration to ensure pricing / contracts are up-to-date.

• Demonstrates professional standards with business contacts in order to maintain Teva's reputation within the pharmaceutical community.

• Work closely with A/R to align cash flow forecasts with Treasury

Your experience and qualifications

• Bachelor’s Degree in Business or related discipline

• Master’s Degree in Business or related discipline preferred

• At least 10 years' experience in the pharmaceutical industry strongly preferred

• Previous leadership experience and experience managing projects

• Advanced computer skills such as Word, Excel, Power Point, Alteryx and familiarity with the internet

• Demonstrates an understanding of pharmaceutical drug distribution process including discounts, rebates and Market Access.

Enjoy a more rewarding choice

We offer a competitive benefits package, including:

Comprehensive Health Insurance:Medical, Dental, Vision, and Prescription coverage starting on the first day of employment, providing the employee enrolls.

Retirement Savings:401(k) with employer match, up to 6% and an annual 3.75% Defined Contribution to the 401k plan.

Time Off:Paid Time Off including vacation, sick/safe time, caretaker time and holidays.

Life and Disability Protection:Company paid Life and Disability insurance.

The total compensation package for this position may also include other elements, including a sign-on bonus, restricted stock units, and discretionary awards in addition to a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time, and parental leave), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment. If hired, employee will be in an “at-will position” and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors.

Already Working @TEVA?

If you are a current Teva employee, please apply using the internal career site available on "Employee Central". By doing so, your application will be treated with priority. You will also be able to see opportunities that are open exclusively to Teva employees. Use the following link to search and apply:Internal Career Site (https://performancemanager.successfactors.eu/sf/careers/jobsearch?bplte_company=1080030P)

The internal career site is available from your home network as well. If you have trouble accessing your EC account, please contact your local HR/IT partner.

Teva’s Equal Employment Opportunity Commitment

Teva Pharmaceuticals is committed to equal opportunity in employment. It is Teva's global policy that equal employment opportunity be provided without regard to age, race, creed, color, religion, sex, disability, pregnancy, medical condition, sexual orientation, gender identity or expression, ancestry, veteran status, national or ethnic origin or any other legally recognized status entitled to protection under applicable laws. We are committed to a diverse and inclusive workplace for all. If you are contacted for a job opportunity, please advise us of any accommodations needed to support you throughout the recruitment and selection process. All accommodation information provided will be treated as confidential and used only for the purpose of providing an accessible candidate experience.

Important notice to Employment Agencies - Please Read Carefully

Teva Pharmaceuticals USA does not accept unsolicited assistance from agencies for employment opportunities. All CVs / resumes submitted by search firms to any employee at our company without a valid written search agreement in place for this position will be deemed the sole property of our company. No fee will be paid in the event a candidate is hired by our company as a result of an agency referral where no pre-existing agreement is in place. Where agency agreements are in place, introductions are position specific. Please, no phone calls or emails.

EOE including disability/veteran