Manager, Rebate Administration
Why Patients Need You
Our focus is on patients and understanding the critical role our medicines play to produce better health outcomes. As a cross functional team of experts, we create and execute comprehensive market access strategies through the integration of pricing and reimbursement, health technology assessment, evidence-based medicine review, and health economic modeling activities. Your expertise and innovative approach will enhance the value of our medicines and the impact to patient outcomes.
What You Will Achieve
You will be part of Pfizer’s dynamic Market Access Operations team. The Manager, Rebate Administration has the primary purpose of managing the payment requirements of Pfizer’s various contractual agreements Hospital Business Unit customers. The position is accountable for accurate and on time payments to Hospital Business Unit customers, consistent with the term and conditions of our agreements, as well as providing timely information and support to meet statutory, compliance and production requirements. Position responsible for financial analysis associated with payments to explain variances and changes to existing trends.
Scope: the nature and complexity of assigned accounts is the most complex as they relate to size of the organization and intricacy of agreements.
How You Will Achieve It
Ensuring accurate and on-time payment of rebates to assigned accounts, in accordance with the terms of the Agreements, after complete review and validation of the elements of the rebate calculation, including account submitted data, internal reports, and rebate system calculation.
Complete analysis on SI rebates to explain variances and diversion from existing trends. Document analysis for review by rebate approver(s).
Ensure adherence to SOX controls and internal SOPs; maintain adequate supporting documentation for rebate payments, rebate reconciliations and quarterly accrual reserves.
Possess knowledge of rebate payment process and applications (FLEX, Business Objects, Cognos, ); able to begin to identify and troubleshoot calculation issues; partner with BTAM system resources to determine root causes and recommend corrective actions. Serve as a resource to colleagues on application functionality and the overall payment process.
Collaborate with Contracting teams; review draft language for clarity and accuracy as it relates to rebates; ensure contract set up is accurate and optimal as it relates to rebates; review contract entry and provide timely feedback to Contract Development colleagues if changes are recommended.
Leverage knowledge of customers, markets, and Pfizer strategies to understand impact of evolving contract strategies; provide expertise and recommendations to MAO colleagues regarding implementation of new strategies while maintaining the integrity of the existing SOX compliant rebate payment controls.
Provide input into contract negotiation strategies as it relates to the payment terms, system capabilities, and customers’ data management.
Growing knowledge and understanding of institutional customers and industry; cursory knowledge of financial transactions across the pharmaceutical product distribution channel from wholesaler to pharmacy. Able to anticipate impact of payments on Pfizer’s accruals, cash flow, financial forecast, and Best Price calculations
Build collaborative relationships with internal and external stakeholders, including assigned customers, Account Management, Contracting and Business Technology (BT).
Analyze quarterly finance accruals to verify accuracy and completeness across all assigned accounts. Provide ad-hoc account information to WPO Finance for any material changes which may impact accruals and financial projections
Project work and analysis required on an ad hoc basis. Assigned project work would generally consist of leading medium to low-risk projects whose impact is limited to MAO department and participating on larger MAO projects or smaller cross functional projects
Candidate demonstrates a breadth of diverse leadership experiences and capabilities including: the ability to influence and collaborate with peers, develop and coach others, oversee and guide the work of other colleagues to achieve meaningful outcomes and create business impact.
Bachelor’s Degree required; Master’s Degree preferred.
Minimum of 6 years pharmaceutical rebating and/or contracting experience
Excellent interpersonal skills, including the ability to understand and respond to multiple internal and external stakeholders and the ability to effectively influence key team members
Strong verbal, and written communication skills with an emphasis on time management, follow-through, and issue resolution abilities; clearly communicate with colleagues and mid-tier levels of management; must be adept at telephone communications and at building relationships with key customers and internal stakeholders
Strong analytical and problem solving skills required; strong attention to detail and project management skills preferred
Excellent skills in Excel, including proficiency with pivot tables, V-lookups, charts, and formulas; proficient working with large data files
Intermediate skills with MS Word, MS PowerPoint, and MS Outlook
Experience in market access
Experience working with a rebate payment system or similar financial transaction system preferred; past experience with Model N FLEX platform preferred
Proficient using Business Objects, Cognos, or other reporting software; basic understanding of how report queries function and ability to create simple queries independently
Other Job Details
Eligible for Employee Referral Bonus
NOT Eligible for Relocation Package
Pfizer requires all U.S. new hires to be fully vaccinated for COVID-19 prior to the first date of employment. As required by applicable law, Pfizer will consider requests for Reasonable Accommodations.Sunshine ActPfizer reports payments and other transfers of value to health care providers as required by federal and state transparency laws and implementing regulations. These laws and regulations require Pfizer to provide government agencies with information such as a health care provider’s name, address and the type of payments or other value received, generally for public disclosure. Subject to further legal review and statutory or regulatory clarification, which Pfizer intends to pursue, reimbursement of recruiting expenses for licensed physicians may constitute a reportable transfer of value under the federal transparency law commonly known as the Sunshine Act. Therefore, if you are a licensed physician who incurs recruiting expenses as a result of interviewing with Pfizer that we pay or reimburse, your name, address and the amount of payments made currently will be reported to the government. If you have questions regarding this matter, please do not hesitate to contact your Talent Acquisition representative.EEO & Employment EligibilityPfizer is committed to equal opportunity in the terms and conditions of employment for all employees and job applicants without regard to race, color, religion, sex, sexual orientation, age, gender identity or gender expression, national origin, disability or veteran status. Pfizer also complies with all applicable national, state and local laws governing nondiscrimination in employment as well as work authorization and employment eligibility verification requirements of the Immigration and Nationality Act and IRCA. Pfizer is an E-Verify employer.Market Access#LI-PFE