Senior Formulary Compliance & Contract Analyst

Teva Pharmaceuticals; Parsippany-Troy Hills (NJ); Hybrid; USD 99,000 - 112,000; Full time

Benefits offered by this job

Health Insurance

401(k) with employer match

Paid Time Off

Life and Disability Insurance

Flexible Spending Accounts

Job summary

Teva Pharmaceuticals, Parsippany, NJ, is seeking a Sr. Analyst, Contract & Formulary Compliance to identify and resolve issues with contracted managed care customers.

The role collaborates with Market Access account managers to align formulary placement and recover rebates for noncompliant findings. The position reports to the Senior Manager, Contract & Formulary Compliance and requires reviewing formulary positions on PBMs, auditing contract terms, and presenting analyses to internal and

Qualifications

• Thorough understanding of Managed Care contracting and formulary access.
• Advanced understanding of pharmaceutical rebate flow and decision points.
• Experience with contract terms, pricing and rebates processes.

Responsibilities

• Identify and resolve compliance and eligibility issues with contracted managed care customers.
• Audit formulary placements on PBMs and Health Plans; validate contract terms and collect supporting documents.
• Conduct complex investigational audits; present findings to stakeholders.
• Collaborate with rebates team to ensure timely review and payment of invoices.

Skills

Managed Care contracting

Formulary access

Step-edits & NDC blocks

Prior authorizations

Contract terms & conditions

Pharma rebate flow

340B knowledge

Financial analysis

Excel

PowerPoint

Tools

Excel

PowerPoint

Job description

Teva Pharmaceuticals, Parsippany, NJ, is seeking a Sr. Analyst, Contract & Formulary Compliance to identify and resolve issues with contracted managed care customers.

The role collaborates with Market Access account managers to align formulary placement and recover rebates for noncompliant findings. The position reports to the Senior Manager, Contract & Formulary Compliance and requires reviewing formulary positions on PBMs, auditing contract terms, and presenting analyses to internal and