Pricing and Policy Insights Manager

Novo Nordisk A/S; Plainsboro Township (NJ); On-site; USD 100,000 - 184,000; Full time

Benefits offered by this job

Medical, dental and vision coverage

Life insurance

401(k) savings plan

Time off / vacation policy

Tuition reimbursement

Job summary

Novo Nordisk A/S in the United States seeks a Pricing & Policy Insights professional to monitor healthcare reform changes, assess financial impact, and support strategy development across the organization.

You will partner with PA policy, legal/compliance, and other teams to build scenario models, deliver pricing analytics, and provide insights for investor relations and strategy discussions.

Qualifications

• Bachelor's degree required. Advanced degree preferred.
• Minimum 5 years of progressively responsible pricing/forecasting/finance experience; pharma preferred.
• Strong analytical, quantitative, and qualitative skills.
• Ability to deliver clear messages and presentations.
• Demonstrated leadership and project management abilities.
• Ability to manage multiple internal relationships across the business.
• Attention to detail and data problem-solving mindset.
• Advanced proficiency with Excel, Access, PowerPoint, Word.

Responsibilities

• Evaluate healthcare reform and legislative changes from financial and strategic perspectives.
• Partner with Policy (PA) and legal/compliance on policy changes.
• Collaborate across internal teams (Strategy, Financing, Government Pricing) to inform pricing insights.
• Develop scenario analyses on pricing and profitability for key channels.
• Prepare pricing/policy analyses for investor relations and roadshows.
• Lead pricing analytics and present findings to senior management.

Skills

Analytical skills

Leadership

Communication

Project leadership

Stakeholder management

Detail orientation

Education

Bachelor's degree

Advanced degree preferred

Tools

Microsoft Excel

Microsoft Access

Microsoft PowerPoint

Microsoft Word

Job description

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The Finance & Operations department brings insights and intelligence to inform decision making & drives digitalization and business solutions to attain NNI goals. Finance & Operations works closely across the organization to guide enterprise-wide resource allocations, investment choices, drive core operations and develop insights to drive growth and operational excellence across the value chain while innovating for future capabilities. Our focus on innovation ensures we're constantly building future capabilities. We're responsible for regulating accounting, upholding workplace safety, managing our supply chain and sampling, supporting technological and data innovation, maintaining our facilities and assuring the integrity and completeness of all business transactions. At Novo Nordisk, you will have the opportunity to build a career in a global business environment. We encourage our employees to make the most of their talent, and we reward hard work and dedication with opportunities for continuous learning and personal development. Are you ready to maximize your potential with us?

The Position

This position is responsible for monitoring and assessing the on-going healthcare reform changes, PhaRMA and industry responses, and state-level transparency initiatives. This includes proactively identifying risk, financial modeling, providing findings and key insights to leadership, and supporting strategy development.

Relationships

Reports to Director, Pricing & Policy Insights. Works and partners closely with other team members in Pricing Insights; Public Affairs – Policy; Government Pricing & Compliance; Strategy and Innovation; Market Access; Investor Relations; Finance; Brand Marketing; Other Novo Nordisk internal departments such as Legal, Sales, etc. External relationships include field Account Executives and Directors, Novo Nordisk AS, professional associations, vendors, and customers.

Essential Functions

• Evaluates Healthcare Reform/legislative changes from both a financial and strategic perspective
• Strategic partner with PA - Policy team to stay up to date on federal policy changes and help guide the thinking on prioritization & recommendation on potential legislative changes
• Strategic partner with legal/compliance to stay up to date on state level policy changes
• Demonstrates an advanced understanding of legislative and regulatory mandates impacting pharmaceutical net price evolution and federal market access.
• Experience collaborating within a global matrix environment, with a foundational understanding of ex-US market access and pricing frameworks is a plus
• Drive organizational awareness and understanding of political environment & financial risk
• Assists in preparing any pricing/policy related analysis for investor relations questions as well as investor roadshows
• Collaborates with government pricing team to provide inputs in order to assess all potential pricing changes on government calculations (e.g. URA, 340B)
• Analyzes the impact on pricing decisions on ARP/profitability and provides guidance to key stakeholder
• Partner with Strategy & Innovation to provide pricing analytics/insights for strategy evaluation & guidance on future outlook
• Owns analysis for Risk Report and investor relations document
• Serve as a key lead with legal & compliance on various workgroups
• Develops scenario impact models on pricing and profitability within key channels.
• Develops presentations for senior management (StC, Pricing Committee, etc)
• Serve as key point with legal on congressional inquiries along with any additional pricing and policy related legal requests
• Supports business and analytical expertise in the development of tools and methods that will result in more accurate customer profitability assessment and decision-making.
• Provides ad hoc analyses as required

Physical Requirements

Qualifications

• Bachelor's degree required. Advanced degree preferred
• Requires a minimum of 5 years of progressively responsible, relevant experience (pricing, contracting, forecasting, consulting, portfolio analysis, policy analytics, and/or finance and reporting); At least 2 years within the pharmaceutical industry preferred
• A strong level of analytical, quantitative, and qualitative analysis skills
• Ability to deliver message and presentations in a clear, confident manner
• Demonstrated leadership skills. Demonstrates an ability to manage and influence to ensure business objectives are met
• Ability to function in a project leadership role
• Ability to interact and manage multiple internal relationships at all levels of the business
• Attention to detail with an ability and readiness to delve into and resolve data problem
• Advanced proficiency in Microsoft Excel, Access, PowerPoint, Word, and other key platforms

The base compensation range for this position is $99,600 to $184,200. Base compensation is determined based on a number of factors. This position is also eligible for a company bonus based on individual and company performance.

Novo Nordisk offers long-term incentive compensation and or company vehicles depending on the position's level or other company factors.

• medical, dental and vision coverage
• life insurance
• disability insurance
• 401(k) savings plan
• flexible spending accounts
• employee assistance program
• tuition reimbursement program
• voluntary benefits such as group legal, critical illness, identity theft protection, pet insurance and auto/home insurance
• time off pursuant to its sick time policy
• flex-able vacation policy
• parental leave policy

We commit to an inclusive recruitment process and equality of opportunity for all our job applicants.

Novo Nordisk is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to race, ethnicity, color, religion, sex, gender identity, sexual orientation, national origin, disability, protected veteran status or any other characteristic protected by local, state or federal laws, rules or regulations.