Neurocrine Biosciences, Inc.

Executive Director, Contracts, Pricing & Trade

Neurocrine Biosciences, Inc.$269K — $368K *
Pharmaceuticals & Biotech
15+ years of experience
Job Overview by Ladders

Qualifications

  • BS/BA in Engineering, Science, or Business with 17+ years in pharma/biopharma
  • MBA or Master's degree preferred with at least 15 years as noted
  • PhD with 12+ years of relevant experience
  • Extensive previous managerial experience required
  • Proven expertise in commercial pricing & contracting across Medicaid and Specialty Pharmacy

Responsibilities

  • Lead and oversee government price calculations and reporting compliance
  • Conduct pricing and payer research for product actions and launches
  • Facilitate quarterly GTN review for accurate financial forecasting
  • Develop analytical tools for assessing contracting scenarios
  • Manage trade operations and distribution relationships
  • Translate healthcare market and policy changes into actionable insights
  • Mentor and coach team members towards professional growth

Benefits

  • Retirement savings plan with company match
  • Paid vacation, holidays, and personal days
  • Paid caregiver/parental and medical leave
  • Comprehensive health benefits including medical, dental, and vision coverage
  • Equity-based long-term incentive program
Full Job Description
About the Role:
Strong strategic leader for the Contracts, Pricing & Trade function responsible for overseeing the following areas; in-line Product Pricing, Pipeline Pricing, Payer and Channel Contracting, chargeback/rebate operations, Government Price Reporting, Gross to Net (GTN) Forecasting NS Channel & Trade strategy and operations. Responsible for leading and operating Pricing Committee (PC) and executing pricing actions, transparency analysis and reports, and all government price reporting. Collaborates with Market Access and commercial leadership teams to drive pricing and contracting strategy leading to corresponding approaches in each channel including Payers, Third Party Logistics, Specialty Pharmacy, and Specialty Distributors. Accountable for the management and development of the contracting operations capabilities, including rebate processing and reporting systems and management of Gross to Net. Plays a crucial role in developing the government pricing strategy, reporting/compliance and Trade, Pharmacy and distribution management.

Your Contributions (include, but are not limited to):
  • Government Price Calculations and Reporting
    • Ensures compliance with government reporting requirements, including IRA impacts, as well as closely monitor changes that will impact government price reporting
    • Accountable for accurate and timely submissions of GP reporting obligations, including but not limited to: AMP, BP, FCP, 340B/PHS, ANFAMP, and NFAMP
    • Accountable for BFFS/FMV assessments as needed
    • Oversees the state price transparency reporting work group, and submissions
    • Leads Government Price Reporting and ensure processes and procedures are well-documented
  • Pricing
    • Leads and conducts pricing and payer research to support in line pricing actions and pipeline and product launches driven by an understanding and leading all aspects of payer policies and trends that impact the therapeutic area
    • Responsible for leading and operating Pricing Committee (PC), overseeing the administration and governance, of Pricing Committee including establishment and management of the approval process
  • GTN Forecasting
    • Leads quarterly GTN review for finance to ensure accuracy of reporting
    • Collaborates with Finance to assess the accuracy of GTN forecast/actuals and summarize key drivers for senior leadership
    • Support the short-term and long-term forecasts and supports analysis and recommendation of both inline and upcoming launch indications/products
    • Leads pricing, contracting, and related discount forecasting for all access and reimbursement segments
  • Access Strategy, Contracting and Operations
    • Leads the development of analytical tools and models to assess deal vs. no-deal scenarios as it relates to contracting in the areas of (Commercial and Part D), Government (DoD, VA, State Medicaid), PBM, and long-term care (LTC) markets
    • Participates in the goal-setting process for market access performance and establishes defining metrics and processes for real-time measurement in collaboration with leadership to efficiently find opportunities for innovation
    • Manages the analysis, and defines pricing and contract strategy with the team for: Medicare Part D bids, Commercial, Medicaid, Federal-VA/DoD, GPO, Long-Term Care, and Distribution
    • Oversees rebate operations and 3PL provider
  • Trade Strategy & Operations
    • Leads Neurocrine' s Trade and Channel strategy according to the brands objectives
    • Oversees Neurocrine' s trade operations including but not limited to order processing, inventory management, returns and pharmacy network management
    • Oversees wholesaler and distributor relationships and contract
    • Leads negotiations and contracting w/Distribution & channel to ensure minimal impact on GTN
    • Select Trade and Channel partners(Specialty Pharmacy/Specialty Distributors) - and establish tracking of pertinent data and performance metrics
  • Landscape/Government regulations
    • Develops awareness of U.S. healthcare market and government policy changes from a pricing and reimbursement perspective and implications on all key Collaborators.
    • Responsible for translating regulatory and governmental policy changes into operational impact analysis and recommendations
    • Shown success in developing and applying strategy and operations through the understanding of the market and industry supporting both in-line and launch of new products, exceeding formulary access and market share goals
  • Mentor and coach direct reports through creating goals and objectives that support the development of their knowledge, skills and abilities
  • Perform other duties as assigned


Requirements:
  • BS/BA degree in Engineering, Science, or Business AND 17+ years of related experience in the pharmaceutical and/or biopharmaceuticals industry (i.e., including specialty drug classes), MBA degree preferred OR
  • Master's degree preferred AND 15+ years of experience as noted above OR
  • PhD AND 12+ years of experience as noted above OR
  • Extensive previous managerial experience also required
  • Consistently acts as a "trusted advisor" across the company and may be recognized as an external expert
  • Provides strategy, vision and direction regarding issues that may have company-wide impact
  • Requires deep knowledge of the functional area, and broad knowledge of multiple areas, business strategies, and the company's goals
  • Possesses industry-leading knowledge
  • Proven leadership skills and ability, including influencing Sr. Management (C-suite)
  • Ability to effectively manage, mentor and train personnel and ability to motivate and influence personnel to achieve goals
  • Proven success in developing and applying strategy and operations through the understanding of the market and industry supporting both in-line and launch of new products, exceeding formulary access and market share goals
  • Extensive expertise in commercial pricing & contracting as well as diversified experience ideally across Medicaid, Specialty Pharmacy, & Trade/ Distribution partners (3 PL)
  • Demonstrated ability to set up systems capable of managing gross to net calculations, contract development and administration (rebate processing at the commercial and government level)
  • Expertise in building of contract reporting capabilities
  • Demonstrated experience and success in Government price reporting and Medicare and Medicaid rebate execution and management
  • Strong Vendor Management Capabilities - deep assessment of value, vendor contracts, and holding vendors accountable to performance metrics
  • Strong track record of collaboration with internal and field-based stakeholders on contract management and execution


#LI-JH1

The annual base salary we reasonably expect to pay is $269,500.00-$368,000.00. Individual pay decisions depend on various factors, such as primary work location, complexity and responsibility of role, job duties/requirements, and relevant experience and skills. In addition, this position offers an annual bonus with a target of 35% of the earned base salary and eligibility to participate in our equity based long term incentive program. Benefits offered include a retirement savings plan (with company match), paid vacation, holiday and personal days, paid caregiver/parental and medical leave, and health benefits to include medical, prescription drug, dental and vision coverage in accordance with the terms and conditions of the applicable plans.

About Neurocrine Biosciences, Inc.

Neurocrine Biosciences is a neuroscience-focused, biopharmaceutical company dedicated to discovering, developing and delivering life-changing treatments for people with serious, challenging and under-addressed neurological, endocrine and psychiatric disorders. The company's diverse portfolio includes FDA-approved treatments for tardive dyskinesia, Parkinson's disease, endometriosis* and uterine fibroids*, with three pivotal and five early-stage clinical programs in multiple therapeutic areas. (*in collaboration with AbbVie)
Learn more about Neurocrine Biosciences, Inc.
Size
900 employees
Market Cap
$11.6 billion
Industry
Net Income
$407.3 million
5 Year Trend
+137.5%
Revenue
$1 billion
NASDAQ

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