Senior Gross To Net Forecasting & Innovation Manager

About the role

The position is responsible for gross-to-net forecasting for the US business, ensuring external and internal customer alignment as necessary. The position is responsible for:

• Lead support for development of gross-to-net forecasts for various brands within NNI portfolio.
• Demonstrate strong gross-to-net knowledge to support financial assessments across the organization.
• Provide support for "special / innovative" Forecasting projects including but not limited to process improvements, next Generation platforms, current generation model enhancements and creation/implementation of Business Intelligence platforms.
• Serve as internal consultant with Finance, Pricing & Contracting, Commercial and Strategy teams.
• Responsible for gross-to-net forecasting process and tools, including ensuring all models are up-to-date with the latest methodologies and insights.

Responsibilities

Based on assessment of market trends and expected future events, this individual is responsible for helping support delivery of holistic, insight-driven gross-to-net forecasts for various rebate categories for current and future Novo Nordisk products. Efficiently and accurately forecast gross to net components including but not limited to Managed Care, and Medicare Part D, Medicaid as well as current and future Healthcare Reform related deductions as well as other rebates and deductions. Communicates realistic expectations in a clear, concise, transparent manner, and to all levels of the organization. Sets direction and drives continuous improvement of forecasting methodologies, tools, and core deliverables.

Relationships

Reports to the Director, GTN Forecasting. Position regularly interacts with members in PCOR, Strategy & Innovation, Supply Chain, Accounting, PSP, HQ Corporate Finance and some teams within Commercial Insights & Analytics. Maintains external relationships with vendors.

Essential Functions

• Participate and help drive GTN understanding and price implications of certain strategies (together with S&I and PCOR) to support GTN forecast of the future product launches.
• Develop and understand of current products with specific segments and assist with GTN forecasting for those products to support AB/RE budget processes.
• Oversee and comment on all key gross to net inputs into the net sales forecast including but not limited to Rebate Forecast pricing and contracting event input provided by PCOR, strategic inputs on launch brands from S&I, affordability inputs from PSP.
• Collaborate with Strategy and Innovation (S&I) and PCOR on any GTN related items.
• Develop and communicate the NNI AB (anchor budget) and RE (rolling estimate) forecasts.
• Develop ad hoc analysis tools to support Forecast Business Intelligence (BI) and Process Efficiencies.
• Responsible for learning BI tools and using them to improve current gross to net processes or to implement visualizations to improve gross to net transparency.
• Audit of current and new forecasting tools, models, and approaches that inform the GTN outlook for Novo Nordisk brands; identify and introduce process efficiencies.
• Audit of current data sets and data model to identify and introduce better GTN transparency and analytics.
• Work closely with Global Business Services (GBS), HQ BI COE (Headquarter Business Intelligence Center of Excellence), Finance Digitalization team to build/enhance BI capabilities across the gross-to-net forecasting and sales reporting functions.

Qualifications

• Education Level: Bachelor's degree from an accredited institution required. Degree in an analytical field (economics, business, finance, engineering, econometrics, or statistics) is preferred. Master's degree in analytical field (and/or MBA and/or CPA) preferred.
• Specific or technical job skills: Strong collaboration skills required, with experience implementing a new system across a large, cross-functional team preferred. Ability to effectively plan, prioritize and follow through in a timely manner as well as anticipate potential roadblocks required. Strong understanding of gross-to-net components, with experience in forecasting of key rebate categories included but not limited to Commercial, Medicare Part D, Coverage Gap, and Medicaid. Demonstrated analytical skills via MS Excel and presentation/communication skills via MS PowerPoint required. Prior Business Intelligence (BI) and Data visualization experience strongly preferred (Tableau, Qlik, Power BI, Alteryx etc.). Ability to effectively communicate insights to senior management teams, synthesize complex information, make it relevant, understandable, and actionable for internal stakeholders required. Strong analytical, problem solving, and quantitative analysis skills required. Strong innovation and adaptability: must be able to identify better ways of doing things and work with others to improve methods and procedures; required.