Associate Director, Government Pricing

Regeneron; United States; On-site; USD 114,800 - 187,400; Full time

Benefits offered by this job

Health and wellness programs

401(k) company match

Annual bonuses

Paid time off

Job summary

Regeneron is seeking an Associate Director, Government Pricing in the United States to oversee government price reporting and ensure compliance with pricing regulations. Responsibilities include calculating and validating pricing, monitoring state regulations, and collaborating with senior management. Candidates should possess a Bachelor’s degree and have over 7 years of relevant experience. The role requires strong analytical abilities and communication skills. Comprehensive benefits are offered, including health programs and 401(k) match.

Qualifications

• 7+ years of prior experience in Government Pricing or a related field.
• Ability to identify potential problems and propose solutions.
• Demonstrated track record of strong attention to detail.

Responsibilities

• Calculate, validate and report accurate government pricing.
• Monitor State Price Transparency regulations.
• Review calculations with Senior Management.

Skills

Analytical skills

Strong communication skills

Attention to detail

Problem-solving

Education

Bachelor's degree

Job description

Associate Director, Government Pricing (GP)

The Associate Director, Government Pricing (GP) position is a key member of Regeneron’s government pricing team, supporting the accurate calculation and timely submission of all required government price reporting.

Included in this role is responsibility for assuring compliance with all pricing and reporting requirements legislated by the Centers for Medicare & Medicaid Services (CMS), the Department of Veterans Affairs and any state legislation required price reporting. This includes a full understanding of all current legislation and staying abreast of pending legislation. Government Pricing Calculations include Medicaid, Medicare Part B, Public Health Service (PHS)/340B, and Federal Supply Schedule (FSS), which includes TriCare and the Industrial Funding Fee (IFF). The Associate Director will work collaboratively with Contracting Strategy supporting the overall strategy, contracting and/or payment activities.

A Typical Day May Include The Following

• Calculate, validate and report accurate monthly, quarterly, and annual government pricing.
• Submit and monitor State Price Transparency regulations.
• Understand calculation reasonable assumptions and methodologies and research and communicate causes of variances when comparing current periods to prior periods.
• Perform all necessary processes to ensure compliant submissions, including G/L reconciliations, Class of Trade (COT) review, and PHS/340b eligibility review.
• Review calculations with Senior Management and obtain approval signoff (and execute any other required SOPs) before communicating prices to the appropriate government agencies or internally.
• Maintain and update SOPs and reasonable assumptions quarterly, related to Government Programs/Pricing.
• Monitor policies, procedures and processes supporting Government Pricing submissions and related areas to ensure ongoing compliance with external and internal requirements and guidance.
• Understand and estimate impact of pricing and policy changes regarding government pricing.
• Perform pricing research and analysis on special projects as assigned.
• Review and understand commercial contract language as pertaining to Best Price (BP), Average Sales Price (ASP) and FSS Tracking Customers.
• Investigate Government pricing trends and cross‑channel impact; provide Government price inputs to the Gross to Net (GTN) team.
• Monitor for Tracking customer violations, Bona Fide Service Fee treatments & Customer COT assignment.
• Participate on cross‑functional teams as a subject‑matter expert representing Government Pricing and Contract Operations to evaluate and implement business strategies and initiatives.
• Serve as a liaison with Commercial Leadership, Pricing, Trade, Brand and Accounting/Finance teams regarding a variety of issues impacting government pricing.
• Apply Fair Market Value methodology while determining bona fide service fees paid to wholesalers, pharmacy benefit managers (PBM) and group purchasing organizations (GPOs).

The Role May Be For You If

• Understanding of current government pricing rules, regulations, and calculations.
• Ability to identify potential problems, conduct analysis, and use judgment to determine if a problem exists and propose solutions.
• Highly analytical, able to analyze, interpret, and convey data and its commercial impact.
• Ability to decipher calculations to determine key causes of variances.
• Strong communication skills and ability to communicate effectively to all levels of the organization.
• Process oriented.
• Proven ability to successfully manage competing priorities, meet challenging deadlines, and work independently and across organizations.
• Demonstrated track record of strong attention to detail, accountability, ownership of results, and flexibility in a rapidly changing environment.

To be considered for this role, we expect you to have a bachelor’s degree and 7+ years of prior experience in Government Pricing or a related field such as finance, accounting, Medicare/Medicaid (with strong analytical skills). You should be open to traveling at times.

Benefits: Our inclusive culture provides comprehensive benefits that vary by location. In the U.S., benefits may include health and wellness programs (medical, dental, vision, life, and disability insurance), fitness centers, 401(k) company match, family support benefits, equity awards, annual bonuses, paid time off, and paid leaves (including military and parental leave) for eligible employees at all levels.

Many of Regeneron’s roles are required to be performed on‑site.

Salary Range (annually) $114,800.00 - $187,400.00

Regeneron is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion or belief, sex, nationality, national or ethnic origin, civil status, age, citizenship status, membership of the Traveler community, sexual orientation, disability, genetic information, familial status, marital or registered civil partnership status, pregnancy or parental status, gender identity, gender reassignment, military or veteran status, or any other protected characteristic in accordance with applicable laws and regulations. The Company will also provide reasonable accommodation to the known disabilities or chronic illnesses of a qualified applicant for employment, unless the accommodation would impose undue hardship on the operation of the Company's business.