Grifols
Commercial Contract & Rebate Specialist II
Grifols, Los Angeles, California, United States, 90001
Commercial Contract & Rebate Specialist II
Location: CA-Los Angeles, US Contract Type: Regular Full-Time Area: Finance/Accounting 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: 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. 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. The estimated pay scale for the Commercial Contract & Rebate Specialist II role based in Los Angeles, CA, is $96,000
$98,500/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.
Location: CA-Los Angeles, US Contract Type: Regular Full-Time Area: Finance/Accounting 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: 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. 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. The estimated pay scale for the Commercial Contract & Rebate Specialist II role based in Los Angeles, CA, is $96,000
$98,500/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.