Associate Director, Economic Modeling
Johnson & Johnson Innovation
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Job summary
Johnson & Johnson Innovation seeks an Associate Director, Economic Modeling in Titusville, NJ to design and deliver rigorous economic analytics for strategic business questions. You will lead modeling plans and collaborate across Scientific Affairs, NPBD and Global Health Economics to set standards and communicate results clearly.
You will apply computational methods for economic modeling, guide early-stage and post-launch analyses, and partner with cross-functional teams to shape portfolio
Qualifications
- Master's degree in health economics or related field required.
- PhD preferred.
- Minimum 6 years’ experience or 4 years with a doctorate in relevant work.
- Experienced in developing health economic models required.
- Statistical skills, especially advanced survival analyses, required.
- Strong project management and scientific leadership skills required.
Responsibilities
- Develop best-in-class economic modeling methodologies to support US portfolio.
- Align external strategy to evolve payer methodology for value assessment.
- Serve as modeling SME to strengthen NA capabilities in economic model development.
- Engage with product development to inform trial designs and go/no-go decisions.
- Horizon scan advances in modeling methodologies and apply insights.”
- Lead cost-effectiveness and budget impact models and conduct systematic literature reviews.
Skills
Education
Tools
Job description
At Johnson & Johnson, we believe health is everything. Our strength in healthcare innovation empowers us to build a world where complex diseases are prevented, treated, and cured, where treatments are smarter and less invasive, and solutions are personal. Through our expertise in Innovative Medicine and MedTech, we are uniquely positioned to innovate across the full spectrum of healthcare solutions today to deliver the breakthroughs of tomorrow, and profoundly impact health for humanity. Learn more at jnj.com
As guided by Our Credo, Johnson & Johnson is responsible to our employees who work with us throughout the world. We provide an inclusive work environment where each person is considered as an individual. At Johnson & Johnson, we respect the diversity and dignity of our employees and recognize their merit.
Titusville, New Jersey, United States of America
Our expertise in Innovative Medicine is informed and inspired by patients, whose insights fuel our science-based advancements. Visionaries like you work on teams that save lives by developing the medicines of tomorrow.
Join us in developing treatments, finding cures, and pioneering the path from lab to life while championing patients every step of the way.
Learn more at https://www.jnj.com/innovative-medicine
We are searching for the best talent for an Associate Director, Economic Modeling to be located in Titusville, NJ.
Purpose: Seeking to enhance our economic modeling capability. In this capacity the Associate Director, Economic Modeling, will design and deliver rigorous economic modelling analytics that address business questions, and will champion best in class modeling methodology within Scientific Evidence & Policy Research (SEPR) at Scientific Affairs.
The Associate Director will be an integral part of the Real World Analytics and Research teams and will closely work with stakeholders within Scientific Affairs, Medical Affairs, New Products & Business Development (NPBD), Strategic Customer Group, Global Health Economic Modeling, and other functions to perform scientifically rigorous modelling analytics. This person will design, lead, and execute economic modelling plans and ensure high-level technical, scientific, and methodological expertise. The successful candidate will apply computational methods for economic modelling and predictive analytics, and establish and maintain modelling standards of excellence that are intended for novel economic model development and communication.
Activities may also include: leading the J&J Innovative Medicine US, Scientific Affairs’ economic modeling strategy to evolve the assessment of outcomes across therapeutic area (TA) in Innovative Medicines; horizon scanning key developments in economic modeling methodology and international/ national standards and bringing this insight into J&J Innovative Medicine US, Scientific Affairs; early modeling for strategic input to development design and strategy; input to global core models; and local model adaptations and budget impact tools.
You will be responsible for:
- Develop best in class innovative modeling methodology (parametric and/or non-parameteric economic modelling techniques) that ensures optimal access for J&J Innovative Medicine US portfolio.
- Align on the J&J Innovative Medicine US external strategy to evolve payer methodology in the assessment of the value of J&J Innovative Medicines US portfolio.
- Serve as the modeling SME to strengthen our proposition and capabilities in NA for economic model development, with strong in-house expertise in economic modeling.
- Engage early with product development by supporting clinical trial designs in the US market, which includes guiding go/no-go decision-making for early pipeline products, right patient population and right comparator(s), also to collaborate with Global Health Economics to create US models or adapt models tailored to specific population of interest in the US.
- Horizon scan latest advances in modeling methodology from academia, payers and competitors embedding key learnings.
- Assess urgent modelling requests for IRA (e.g., from ICER) and for health policy evaluations with ongoing collaboration with business partners (e.g., New Products and IRA, Access and Policy Research).
- Lead cost-effectiveness models, budget impact models, and systematic literature reviews in collaboration with cross-functional local, regional and global teams.
- Provide modeling input to Value Story development and updates.
- Lead early-stage and post-launch economic models to inform strategies in collaboration with business partners.
- Interpret clinical studies results and plan additional statistical analyses needed for core models and model adaptations, including indirect treatment comparisons.
- Presenting, obtaining feedback, and re-analyzing model results, with a focus on the NA market needs.
- Assist in design and execution of epidemiological funnel development with in-house expertise in methodology.
- Thought leadership on modeling internally and externally, to help shape the business environment and standards.
- A minimum of a Master’s degree is required, in health economics or related relevant discipline. A doctorate degree, PhD, is preferred.
- A minimum of 6 years’ experience or 4 years’ experience with a doctorate degree, of relevant prior work experience is required for the Associate Director.
- Experienced in developing health economic models is required.
- Experience working with consumers of health economic information is required.
- Statistical skills, in particular in advanced survival analyses is required.
- Self-motivation, self-initiation, and ability to meet deadlines are required.
- Scientific lead and project management experience is required.
- Experience using Visual Basic, and software such as TreeAge Pro, R, SAS, Stata, SPSS or WinBUGS for model development and data analysis is strongly preferred.
- Academic training and industry or payer experience in statistics, health economics, and outcomes research is preferred.
- Knowledge of economics, epidemiology, psychometrics, and medical writing is preferred.
- Previous experience in multiple disease areas is preferred.
- Strong written and oral communication skills are required.
- Strong project management skills are required.
- Experience with data visualization techniques such as with Tableau and Spotfire is preferred.
- Experience with novel techniques such as machine learning, artificial intelligence, predictive modelling is preferred.
- May require up to 10% travel.
Johnson & Johnson is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, age, national origin, disability, protected veteran status or other characteristics protected by federal, state or local law. We actively seek qualified candidates who are protected veterans and individuals with disabilities as defined under VEVRAA and Section 503 of the Rehabilitation Act.
Johnson & Johnson is committed to providing an interview process that is inclusive of our applicants’ needs. If you are an individual with a disability and would like to request an accommodation, external applicants please contact us via https://www.jnj.com/contact-us/careers , internal employees contact AskGS to be directed to your accommodation resource.
#LI-Hybrid
- Consulting
- Critical Thinking
- Cross-Functional Collaboration
- Data Savvy
- Economic Conditions
- Health Economics
- Market Opportunity Assessment
- Mentorship
- Organizing
- Outcomes Research
- Pharmacoeconomics
- Pricing Strategies
- Product Portfolio Management
- Relationship Building
- Stakeholder Engagement
- Technical Credibility
- Consulting
- Critical Thinking
- Cross-Functional Collaboration
- Data Savvy
- Economic Conditions
- Health Economics
- Market Opportunity Assessment
- Mentorship
- Organizing
- Outcomes Research
- Pharmacoeconomics
- Pricing Strategies
- Product Portfolio Management
- Relationship Building
- Stakeholder Engagement
- Technical Credibility
The anticipated base pay range for this position is : $137,000.00 - $235,750.00
Additional Description for Pay Transparency:
Subject to the terms of their respective plans, employees are eligible to participate in the Company’s consolidated retirement plan (pension) and savings plan (401(k)).
This position is eligible to participate in the Company’s long-term incentive program.
Subject to the terms of their respective policies and date of hire, employees are eligible for the following time off benefits:
- Vacation –120 hours per calendar year
- Sick time - 40 hours per calendar year; for employees who reside in the State of Colorado –48 hours per calendar year; for employees who reside in the State of Washington –56 hours per calendar year
- Holiday pay, including Floating Holidays –13 days per calendar year
- Work, Personal and Family Time - up to 40 hours per calendar year
- Parental Leave – 480 hours within one year of the birth/adoption/foster care of a child
- Bereavement Leave – 240 hours for an immediate family member: 40 hours for an extended family member per calendar year
- Caregiver Leave – 80 hours in a 52-week rolling period10 days
- Volunteer Leave – 32 hours per calendar year
- Military Spouse Time-Off – 80 hours per calendar year
For additional general information on Company benefits, please go to: - https://www.careers.jnj.com/employee-benefits
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