Analyst - Pricing Insights - Novo Nordisk

Plainsboro, NJ

About the Job

About the Department

The Finance, Insights & Enterprise Solutions department brings insights and intelligence to inform decision making & drives digitalization and business solutions to attain NNI goals. Finance, Insights & Enterprise Solutions works closely across the organization to guide enterprise-wide resource allocations, investment choices, drive core operations and develop insights to drive growth and operational excellence across the value chain while innovating for future capabilities. Our focus on innovation ensures we're constantly building future capabilities. We're responsible for regulating accounting, upholding workplace safety, managing our supply chain and sampling, supporting technological and data innovation, insights and analytics, delivering patient support solutions, maintaining our facilities and assuring the integrity and completeness of all business transactions. At Novo Nordisk, you will have the opportunity to build a life-changing career in a global business environment. We encourage our employees to make the most of their talent, and we reward hard work and dedication with opportunities for continuous learning and personal development. Are you ready to maximize your potential with us?

The Position

The purpose of this position is to support analytical input into the development and implementation of a worldclass pricing strategy. This includes contributions to deal development, new product pricing and strategic pricing projects, execution of list and net pricing strategies, and monitoring and evaluation of contract performance for all customer segments (e.g., Managed Care, Non-Federal Hospitals, Long-Term Care, Medicare Part D, Medicaid (FFS & MM), Exchanges and Federal), including Diabetes, Biopharmaceutical and hormone therapy products.

Relationships

The position reports directly to a Assoc. Dir of Pricing & Policy Insights and provides analytical support to other Managers within Strategic Pricing. Provides periodic analytical analysis to the Director, Pricing & Market Access Insights. The position will interact with a number of internal stakeholders including Contract Management, Rebate Management, Commercial Effectiveness, Government Pricing, Managed Market Strategy and the Managed Market Sales Account Executives.

Essential Functions

Process & analysis:

Assists with developments and updates to Pricing SOPs in compliance with all applicable regulations

Assists with the notification of launch product prices, correct system updates, and special terms/dating

Assists with the yearly review of current pricing strategies

Develops world-class data gathering process to capture competitive pricing and discounting

Supports business and analytical expertise in the development of tools and methods that will result in more accurate customer profitability assessment and decision-making

Supports contract profitability forecasting. Contributes to continuous improvement of methodologies by measuring forecast versus actual results and benchmarking against industry practices

Works with 3rd party pricing vendors, Master Data, Contracts Operations, Finance, Trade and Pricing Services to implement and disseminate pricing changes and launch products

Strategic pricing analysis:

Assists the business with all ad hoc WAC price requests for NNI products as well any competitor products

Assists Manager- Pricing & Policy Insights with state reporting requirements around WAC price

Assists with the development of Pricing Committee business cases and financial analysis

Collaborates with other groups (within PCOR and across other internal NNI groups (e.g. - CE/FFE)) to ensure proper pricing and product information is being used

Assists in the development of presentations for Senior Management regarding contracting and pricing strategies

Assist in the development of pricing models to be used in the review of list and net pricing recommendations

Executes analysis of net contract sales, market share, and contract pricing for the U.S.

On an ad hoc basis, develops reports that monitor and evaluate Managed Markets performance at customer and channel levels

Partners with the Assoc. Dir to execute global projects relating to analysis of net sales, market shares, and pricing in the U.S. market

Provides ad hoc analyses as required

Provides integrated analyses and insights for customers and other business groups (e.g., customer segment reports and trend reports for internal Finance, Sales and Marketing management)

System support lead for Vantage platform which houses formulary and market share data

Manages and maintains the Strategic Pricing (SP) reports from Model N to ensure they are complaint with SARBOX controls

Works with IT and other PCOR colleagues to understand any changes needed to fix, or enhance the SP reports (Model N) and executes test scripts within TIMS to perform UAT on such changes prior to implementation

Supports NNI Biopharm team with quarterly business review slides, as well as providing insights and trends around the weekly inventory report and specialty distributor report

Works with Master Data to ensure the accuracy of this pricing information in the NNI systems

Physical Requirements

0-10% overnight travel required.

Qualifications

A Bachelor’s degree required; relevant experience may be substituted for degree, when appropriate. A minimum of 2 years relevant experience in the areas of pricing, contracting, forecasting, and financial modeling required. Graduate Degree in a relevant field may be substituted for up to two years of experience, when appropriate

Pharmaceutical industry experience a plus

A strong understanding of Microsoft Excel, Access, Visual Basic PowerPoint and other key platforms

Ability to collaborate with stakeholders to execute analysis in support of decision-making and planning

Ability to communicate with all levels of the organization

Ability to ensure quality and validity of data and resolve data problems as necessary

Ability to perform advanced analyses (analytical, quantitative, and qualitative) required. Strong attention to detail

We commit to an inclusive recruitment process and equality of opportunity for all our job applicants.

At Novo Nordisk we recognize that it is no longer good enough to aspire to be the best company in the world. We need to aspire to be the best company for the world and we know that this is only possible with talented employees with diverse perspectives, backgrounds and cultures. We are therefore committed to creating an inclusive culture that celebrates the diversity of our employees, the patients we serve and communities we operate in. Together, we’re life changing.

Novo Nordisk is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to race, ethnicity, color, religion, sex, gender identity, sexual orientation, national origin, disability, protected veteran status or any other characteristic protected by local, state or federal laws, rules or regulations.

If you are interested in applying to Novo Nordisk and need special assistance or an accommodation to apply, please call us at 1-855-411-5290. This contact is for accommodation requests only and cannot be used to inquire about the status of applications.

Source : Novo Nordisk