Associate Director, Government Pricing

About the role

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.

Responsibilities

• Ability to calculate, validate and report accurate monthly, quarterly, and annual government pricing.
• Submit and monitor State Price Transparency regulations.
• Complete understanding of calculation reasonable assumptions and methodologies and ability to research and communicate cause of variances of results when comparing current period to prior periods.
• Perform all necessary processes needed to ensure compliant submissions including, but not limited to G/L reconciliations, Class of Trade (COT) review, and PHS/340b eligibility review.
• Associate Director will review calculations with Senior Management and obtain approval signoff (and executes any other required Standard Operating Procedures (SOPs)) before communicating prices to the appropriate government agencies (Center for Medicare and Medicare (CMS), Veterans Affairs (VA)/Department of Defense (DOD), etc.) or internally.
• Responsible for maintaining and updating SOPs and reasonable assumptions, on a quarterly basis, as related to Government Programs/Pricing.
• Maintain and ensure ongoing compliance with external and internal requirements and guidance related to Government Pricing submissions and related areas.
• Understand and estimate impact of pricing and policy changes regarding government pricing.
• Perform pricing research and analysis on special projects as assigned.
• Ability to 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. Also 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 the Government Pricing and Contract Operations as required 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.
• Familiar with Fair Market Value methodology while determining bona fide service fees paid to Wholesaler, Pharmacy Benefit Manager (PBM) and Group Purchasing Organizations (GPOs).

Requirements

• Understanding of current government pricing rules, regulations, and calculations.
• Must be able to identify potential problems, conduct analysis and use judgment to determine if problem exists as well as offer up potential 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 and ownership of results; flexibility and adaptability in a rapidly changing environment.

Qualifications

• Bachelor's degree in a related field such as finance, accounting, Medicare/Medicaid, or similar.
• 7+ years prior experience in Government Pricing OR a related field.

Skills

• Understanding of current government pricing rules, regulations, and calculations.
• Ability to identify potential problems, conduct analysis and use judgment to determine if problem exists as well as offer up potential 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 and ownership of results; flexibility and adaptability in a rapidly changing environment.