Grifols Shared Services North America, Inc
Commercial Contract & Rebate Specialist II
Grifols Shared Services North America, Inc, Los Angeles, California, United States, 90079
Would you like to join an international team working to improve the future of healthcare? Do you want to enhance the lives of millions of people? Grifols is a global healthcare company that since 1909 has been working to improve the health and well-being of people around the world. We are leaders in plasma-derived medicines and transfusion medicine and develop, produce and market innovative medicines, solutions and services in more than 110 countries and regions.
Summary The Commercial Contract and Rebate Specialist II reports to the Manager, Commercial Contract Operations and will support the overall Contract Administration activities for the North America Bioscience division. This individual will be responsible for the day-to-day ownership of post signature activities including monitoring conformity to contract requirements, processing financial obligations within approved guidelines, data management, deduction and dispute resolution, and managing customer relationships.
Primary Responsibilities Position will be a key contributor to the monthly and quarterly payment cycle and will hold a significant portion of the ($1B+) rebates/fees processing responsibility.
Responsible for thorough review of all contracts linked to financial obligations (i.e. rebates, fees) and ensuring compliance with regulations set forth by Grifols
Maintain copies of the contracts and any changes that take effect and work with the Contracts department to make sure Model N CARS Flex is updated timely and properly
Compile and analyze contract sales data from multiple sources and verify completeness and accuracy of data set
Perform the calculation and processing of all contract related rebates and fees, including the monitoring of related price groups in Model N CARS Flex to ensure accurate and timely payments in accordance with signed contracts
Maintain documentation related to rebate or fee payouts and communicate relevant information to internal and external parties
Understand cause and effect relationships related to contract changes within the Model N CARS Flex system
Propose actionable solutions to rebate/chargeback issues and find efficiencies in rebate/chargeback processing
Ability to identify issues with accounts that could lead to revenue leakage and notify management while providing potential solutions to resolve issues
Responsible for the month-end closing process for gross to net (GTN) accounting to ensure all GTN reserves are accurate, including maintenance of accrual rates, account analysis, and journal entries
Develop and maintain rebate databases to report key business metrics, rebate payments, trends, and other performance criteria to management
Recommend and develop policies and procedures related to rebate or fee business administration to ensure efficiency and accuracy of operations
Assist with quarterly and annual internal and external audit requests
Partner with external and internal customers in terms of daily operations, assistance and support
May serve as back up support to Chargeback Analyst
Other ad hoc financial analyses and / or projects as required and assigned
Knowledge and Skills
Familiarized with gross to net accounting subject matter
Experienced working with Revenue Management Systems (Revitas or Model N) & Business Intelligence (BI)
Strong capabilities in Microsoft Office (Word, Excel, Power Point)
Excellent analytical and problem-solving skills
Strong verbal, written and interpersonal skills with an emphasis on time management and follow-through skills
Ability to operate independently and remain focused in a dynamic work environment
Extensive knowledge of financial calculations and analysis, reporting and forecasting methodologies
Education
Bachelor’s Degree in Finance, Accounting or other quantitative disciplines
Minimum 5 years of Finance, Accounting, or other closely related experience is required. Experience with contracts and rebates is a plus.
Equivalency Depending on the area of assignment, directly related experience or a combination of directly related education and experience and/or competencies may be considered in place of the stated requirements.
Occupational Demands Work is performed in an office environment with exposure to electrical office equipment. Frequently sits for 6-8 hours per day. Frequent hand movement of both hands with the ability to make fast, simple, movements of the fingers, hands, and wrists. Occasionally walks and stands. Occasionally bends and twists neck. Light to moderate lifting and carrying objects with a maximum lift of 25lbs. Frequently drives to site locations with occasional travel within the United States. Able to communicate information and ideas so others will understand; with the ability to listen to and understand information and ideas presented through spoken and written words and sentences. Interacts with others, relates sensitive information to diverse groups. Must work with diverse groups to obtain consensus on issues.
Compensation & Benefits The estimated pay scale for the Commercial Contract & Rebate Specialist II role based in Los Angeles, CA, is $96,500 – $98,5000/per year. Additionally, the position is eligible to participate in up to 15% of the company bonus pool. We offer a wide variety of benefits including, but not limited to: Medical, Dental, Vision, PTO, up to 5% 401(K) match and tuition reimbursement. Final compensation packages will ultimately depend on education, experience, skillset, knowledge, where the role is performed, internal equity and market data. We are committed to offering our employees opportunities for professional growth and career progression. Grifols is a global healthcare organization with employees in 30 countries focused on patient health and providing impactful results. Since our humble beginnings in 1909, Grifols has been a family company that prides itself on its family-like culture. Our company has more than tripled over the last 10 years, and you can grow with us!
Grifols provides equal employment opportunities to applicants and employees without regard to race; color; sex; gender identity; sexual orientation; religious practices and observances; national origin; pregnancy, childbirth, or related medical conditions; status as a protected veteran or spouse/family member of a protected veteran; or disability. We will consider for employment all qualified applicants in a manner consistent with the requirements of all applicable laws, including but not limited to, the California Fair Chance Act, the Los Angeles County Fair Chance Ordinance for Employers, and the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance.
Learn more about Grifols (https://www.grifols.com/en/what-we-do)
#J-18808-Ljbffr
Summary The Commercial Contract and Rebate Specialist II reports to the Manager, Commercial Contract Operations and will support the overall Contract Administration activities for the North America Bioscience division. This individual will be responsible for the day-to-day ownership of post signature activities including monitoring conformity to contract requirements, processing financial obligations within approved guidelines, data management, deduction and dispute resolution, and managing customer relationships.
Primary Responsibilities Position will be a key contributor to the monthly and quarterly payment cycle and will hold a significant portion of the ($1B+) rebates/fees processing responsibility.
Responsible for thorough review of all contracts linked to financial obligations (i.e. rebates, fees) and ensuring compliance with regulations set forth by Grifols
Maintain copies of the contracts and any changes that take effect and work with the Contracts department to make sure Model N CARS Flex is updated timely and properly
Compile and analyze contract sales data from multiple sources and verify completeness and accuracy of data set
Perform the calculation and processing of all contract related rebates and fees, including the monitoring of related price groups in Model N CARS Flex to ensure accurate and timely payments in accordance with signed contracts
Maintain documentation related to rebate or fee payouts and communicate relevant information to internal and external parties
Understand cause and effect relationships related to contract changes within the Model N CARS Flex system
Propose actionable solutions to rebate/chargeback issues and find efficiencies in rebate/chargeback processing
Ability to identify issues with accounts that could lead to revenue leakage and notify management while providing potential solutions to resolve issues
Responsible for the month-end closing process for gross to net (GTN) accounting to ensure all GTN reserves are accurate, including maintenance of accrual rates, account analysis, and journal entries
Develop and maintain rebate databases to report key business metrics, rebate payments, trends, and other performance criteria to management
Recommend and develop policies and procedures related to rebate or fee business administration to ensure efficiency and accuracy of operations
Assist with quarterly and annual internal and external audit requests
Partner with external and internal customers in terms of daily operations, assistance and support
May serve as back up support to Chargeback Analyst
Other ad hoc financial analyses and / or projects as required and assigned
Knowledge and Skills
Familiarized with gross to net accounting subject matter
Experienced working with Revenue Management Systems (Revitas or Model N) & Business Intelligence (BI)
Strong capabilities in Microsoft Office (Word, Excel, Power Point)
Excellent analytical and problem-solving skills
Strong verbal, written and interpersonal skills with an emphasis on time management and follow-through skills
Ability to operate independently and remain focused in a dynamic work environment
Extensive knowledge of financial calculations and analysis, reporting and forecasting methodologies
Education
Bachelor’s Degree in Finance, Accounting or other quantitative disciplines
Minimum 5 years of Finance, Accounting, or other closely related experience is required. Experience with contracts and rebates is a plus.
Equivalency Depending on the area of assignment, directly related experience or a combination of directly related education and experience and/or competencies may be considered in place of the stated requirements.
Occupational Demands Work is performed in an office environment with exposure to electrical office equipment. Frequently sits for 6-8 hours per day. Frequent hand movement of both hands with the ability to make fast, simple, movements of the fingers, hands, and wrists. Occasionally walks and stands. Occasionally bends and twists neck. Light to moderate lifting and carrying objects with a maximum lift of 25lbs. Frequently drives to site locations with occasional travel within the United States. Able to communicate information and ideas so others will understand; with the ability to listen to and understand information and ideas presented through spoken and written words and sentences. Interacts with others, relates sensitive information to diverse groups. Must work with diverse groups to obtain consensus on issues.
Compensation & Benefits The estimated pay scale for the Commercial Contract & Rebate Specialist II role based in Los Angeles, CA, is $96,500 – $98,5000/per year. Additionally, the position is eligible to participate in up to 15% of the company bonus pool. We offer a wide variety of benefits including, but not limited to: Medical, Dental, Vision, PTO, up to 5% 401(K) match and tuition reimbursement. Final compensation packages will ultimately depend on education, experience, skillset, knowledge, where the role is performed, internal equity and market data. We are committed to offering our employees opportunities for professional growth and career progression. Grifols is a global healthcare organization with employees in 30 countries focused on patient health and providing impactful results. Since our humble beginnings in 1909, Grifols has been a family company that prides itself on its family-like culture. Our company has more than tripled over the last 10 years, and you can grow with us!
Grifols provides equal employment opportunities to applicants and employees without regard to race; color; sex; gender identity; sexual orientation; religious practices and observances; national origin; pregnancy, childbirth, or related medical conditions; status as a protected veteran or spouse/family member of a protected veteran; or disability. We will consider for employment all qualified applicants in a manner consistent with the requirements of all applicable laws, including but not limited to, the California Fair Chance Act, the Los Angeles County Fair Chance Ordinance for Employers, and the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance.
Learn more about Grifols (https://www.grifols.com/en/what-we-do)
#J-18808-Ljbffr