SUN PHARMA
Rebate Analyst, Market Access,Princeton NJ - Hybrid
SUN PHARMA, Princeton, West Virginia, United States, 24740
Overview
Rebate Analyst, Market Access, Princeton NJ - Hybrid. Sun Pharmaceuticals Industries Inc. is the fourth largest generic pharmaceutical company in the world, manufacturing, marketing and distributing pharmaceuticals to wholesalers, distributors, and managed care providers. Our goal is to develop and market quality products that bring value to our customers and patients. Current manufacturing capabilities allow Sun Pharma to develop products across most therapeutic categories. Job Summary: The Rebate Analyst will work closely with Contract Strategy to ensure all payer agreements are administered accurately within SAP and Vistex. Works closely with finance, accounts payable and IT to ensure rebates are accrued and administered accurately and paid timely. Works directly with customers to resolve discrepancies with payer invoices and other assigned accounts. The Rebate Analyst will be an integral member of the Sun Operations team that processes, evaluates, and analyzes sales contracts for U.S. markets. The Rebate Analyst will be responsible for the overall Contract Administration for Sun Pharma brands from membership, contract setup to pricing and rebate validation within Sun’s Revenue Management System and Consultants as needed. Education/Experience Responsibilities
The Rebate Analyst will be assigned to process and analyze Market Access (Payer) and Specialty Pharmacy rebates. Operationalize contracts in Sun’s Revenue Management systems, including Client Plan to formulary assignments. Prepare/maintain products, prices, performance tiers, eligibility dates, and rebate rates. Enter customer utilization data to support accurate calculation of rebates. Ensure data is error-free and loaded correctly in operational systems (document anomalies as appropriate). Review, process and validate all claims, administrative fees and rebates identifying possible disputes for the Commercial, Part D, Specialty Pharmacy, and Payer Customers. Work with internal/external customers to resolve outstanding disputes in a timely manner. Provide claim processing reports and metric tracking statistics to management on a regular basis to provide visibility as to the status, volume, and potential liability of future rebates, fees, and other payments. Develop SOPs and user guides, and expand/update existing documentation. Load contracts into revenue management system (SAP and Vistex) as reflected in commercial rebate agreements across channels. Maintain documentation relating to rebate payments and communicates rebate summaries and reconciliation packages to internal leadership and external parties as needed. Support organization during high demand audit cycles and quarterly reporting as needed. Qualifications
BA Degree in Accounting, Finance or equivalent work experience in a similar position such as Financial Planning and Analysis. 5+ years experience managing processing membership, chargebacks and/or rebates. Prior experience with an ERP System (JD Edwards, SAP, NetSuite). Prior experience processing one or more of the following: Managed Care rebates, Medicaid claims, government and commercial chargebacks, and/or wholesaler fees within a pharmaceutical company. Knowledge and experience interpreting commercial and government contracts. Prior Pharmaceutical Experience is required. Intermediate to advanced knowledge of Contract Management Systems, such as Vistex (or similar like Model N, CARS, imany or Revitas). High proficiency in Microsoft Excel; Sun assessment required. Track record of developing and providing data analyses and reporting. Excellent analytical and problem-solving skills. Strong verbal, written and interpersonal skills with emphasis on time management and follow through. In-depth knowledge of the Specialty Pharma industry, Sun Pharma policies, procedures, and the sales cycle. Experience as a Business User in the implementation of a Contract Management System is a plus. Proactive with ability to recognize trends and problems with GPOs and payers. Compensation and Benefits
The anticipated base compensation range is $88,000 to $107,500. Actual base compensation may vary based on location and experience. This position participates in the Annual Performance Bonus Plan. Benefits include medical, dental and vision coverage; life insurance; disability insurance; 401(k) savings plan; flexible spending accounts; employee assistance program; and paid time off (vacation and sick time). The compensation and benefits described are subject to the terms of governing plans and policies. If hired, you will be in an “at-will position” and the Company reserves the right to modify base salary or other compensation programs at any time, including for performance, department, or market factors. Compliance and Notices
The preceding job description outlines the general nature and level of work performed. It is not a comprehensive inventory of all duties and qualifications. Sun Pharmaceuticals provides equal employment opportunities to all current employees and applicants. No one will be discriminated against on the basis of race, religion, color, national origin, sex, age, disability, sexual orientation, military status, or other protected characteristics. Notice To Agency And Search Firm Representatives Sun Pharmaceuticals is not accepting unsolicited resumes from agencies or search firms for this job posting. Resumes submitted by third parties without a valid written agreement will be the sole property of Sun. No fee will be paid if a candidate is hired as a result of an unsolicited agency referral.
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Rebate Analyst, Market Access, Princeton NJ - Hybrid. Sun Pharmaceuticals Industries Inc. is the fourth largest generic pharmaceutical company in the world, manufacturing, marketing and distributing pharmaceuticals to wholesalers, distributors, and managed care providers. Our goal is to develop and market quality products that bring value to our customers and patients. Current manufacturing capabilities allow Sun Pharma to develop products across most therapeutic categories. Job Summary: The Rebate Analyst will work closely with Contract Strategy to ensure all payer agreements are administered accurately within SAP and Vistex. Works closely with finance, accounts payable and IT to ensure rebates are accrued and administered accurately and paid timely. Works directly with customers to resolve discrepancies with payer invoices and other assigned accounts. The Rebate Analyst will be an integral member of the Sun Operations team that processes, evaluates, and analyzes sales contracts for U.S. markets. The Rebate Analyst will be responsible for the overall Contract Administration for Sun Pharma brands from membership, contract setup to pricing and rebate validation within Sun’s Revenue Management System and Consultants as needed. Education/Experience Responsibilities
The Rebate Analyst will be assigned to process and analyze Market Access (Payer) and Specialty Pharmacy rebates. Operationalize contracts in Sun’s Revenue Management systems, including Client Plan to formulary assignments. Prepare/maintain products, prices, performance tiers, eligibility dates, and rebate rates. Enter customer utilization data to support accurate calculation of rebates. Ensure data is error-free and loaded correctly in operational systems (document anomalies as appropriate). Review, process and validate all claims, administrative fees and rebates identifying possible disputes for the Commercial, Part D, Specialty Pharmacy, and Payer Customers. Work with internal/external customers to resolve outstanding disputes in a timely manner. Provide claim processing reports and metric tracking statistics to management on a regular basis to provide visibility as to the status, volume, and potential liability of future rebates, fees, and other payments. Develop SOPs and user guides, and expand/update existing documentation. Load contracts into revenue management system (SAP and Vistex) as reflected in commercial rebate agreements across channels. Maintain documentation relating to rebate payments and communicates rebate summaries and reconciliation packages to internal leadership and external parties as needed. Support organization during high demand audit cycles and quarterly reporting as needed. Qualifications
BA Degree in Accounting, Finance or equivalent work experience in a similar position such as Financial Planning and Analysis. 5+ years experience managing processing membership, chargebacks and/or rebates. Prior experience with an ERP System (JD Edwards, SAP, NetSuite). Prior experience processing one or more of the following: Managed Care rebates, Medicaid claims, government and commercial chargebacks, and/or wholesaler fees within a pharmaceutical company. Knowledge and experience interpreting commercial and government contracts. Prior Pharmaceutical Experience is required. Intermediate to advanced knowledge of Contract Management Systems, such as Vistex (or similar like Model N, CARS, imany or Revitas). High proficiency in Microsoft Excel; Sun assessment required. Track record of developing and providing data analyses and reporting. Excellent analytical and problem-solving skills. Strong verbal, written and interpersonal skills with emphasis on time management and follow through. In-depth knowledge of the Specialty Pharma industry, Sun Pharma policies, procedures, and the sales cycle. Experience as a Business User in the implementation of a Contract Management System is a plus. Proactive with ability to recognize trends and problems with GPOs and payers. Compensation and Benefits
The anticipated base compensation range is $88,000 to $107,500. Actual base compensation may vary based on location and experience. This position participates in the Annual Performance Bonus Plan. Benefits include medical, dental and vision coverage; life insurance; disability insurance; 401(k) savings plan; flexible spending accounts; employee assistance program; and paid time off (vacation and sick time). The compensation and benefits described are subject to the terms of governing plans and policies. If hired, you will be in an “at-will position” and the Company reserves the right to modify base salary or other compensation programs at any time, including for performance, department, or market factors. Compliance and Notices
The preceding job description outlines the general nature and level of work performed. It is not a comprehensive inventory of all duties and qualifications. Sun Pharmaceuticals provides equal employment opportunities to all current employees and applicants. No one will be discriminated against on the basis of race, religion, color, national origin, sex, age, disability, sexual orientation, military status, or other protected characteristics. Notice To Agency And Search Firm Representatives Sun Pharmaceuticals is not accepting unsolicited resumes from agencies or search firms for this job posting. Resumes submitted by third parties without a valid written agreement will be the sole property of Sun. No fee will be paid if a candidate is hired as a result of an unsolicited agency referral.
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