Title ANALYST - STRATEGIC PRICING
Job Category Finance & Auditing
Job Description TITLE: Analyst - Strategic Pricing
PURPOSE:
This position supports analytical input into the development and implementation of a world-class Pricing strategy. This includes contributions to deal development, new product pricing and strategic pricing projects, execution of list and net pricing strategies, and monitoring and evaluation of contract performance for all customer segments (e.g., Managed Care, Non-Federal Hospitals, Long-Term Care, Medicare Part D, Medicaid (FFS & MM), Exchanges and Federal), including Diabetes, Biopharmaceutical and hormone therapy products.
RELATIONSHIPS:
The position reports directly to a Sr. Manager in Strategic Pricing and provides analytical support to other Managers within Strategic Pricing. Provides periodic analytical support to the Sr. Director, Strategic Pricing and other internal groups including; Contract Management, Rebating, Commercial Effectiveness and Government Pricing.
ESSENTIAL FUNCTIONS:
* Analyzes impact of pricing changes on Novo Nordisk® financial results, including impact on statutory pricing
* Assists in the development of channel forecasts and customer segment valuation
* Assists with the development of presentations for senior management regarding contracting and pricing strategies
* Assists with the development of Pricing Committee business cases and financial analysis
* Assists with the notification of launch product prices, correct system updates, and special terms/dating
* Assists with the yearly review of current pricing strategies and owns the process for developing recommendations for the next calendar year
* Contributes to scenario impact models on pricing and profitability within key channels
* Develops pricing models to be used in the review of list and net pricing recommendations
* Develops trackers and performance metrics for new product launch teams
* Executes analysis of net contract sales, market share, and contract pricing for the U.S.
* Executes financial analysis quantifying the expected performance and profitability of retail and non-retail contracts for in-line products
* On an ad hoc basis, develops reports that monitor and evaluate Managed Markets performance at customer and channel levels
* Provides ad hoc analyses as required
* Provides analytical support to the Sr. Manager, Strategic Pricing to execute on global projects relating to analysis of net sales, market shares, and pricing in the U.S. market
* Provides integrated analyses and insights for customers and other business groups (e.g., customer segment reports and trend reports for internal Finance, Sales and Marketing management)
* Supports business needs with the development of tools and methods that will result in more accurate customer profitability assessment and decision-making
* Supports contract profitability forecasting. Contributes to continuous improvement of methodologies by measuring forecast versus actual results and benchmarking against industry practices
* Supports the Strategic Pricing Managers with the development and implementation of the Managed Markets Strategy through financial modeling for deal evaluation and creation of analytical deliverables
* Works with 3rd party pricing vendors, Master Data, Contracts Operations, Finance, Trade and Pricing Services to implement and disseminate pricing changes
* Works with Master Data to ensure the accuracy of this pricing information in the NNI systems
PHYSICAL REQUIREMENTS:
0% to 5% overnight travel
DEVELOPMENT OF PEOPLE:
Not applicable
KEY SUCCESS FACTORS: EDUCATION, EXPERIENCE, KNOWLEDGE AND SKILLS:
* A Bachelor’s degree required; relevant experience may be substituted for degree, when appropriate
* A minimum of 3 years’ relevant experience in the areas of pricing, contracting, forecasting, and financial modeling required
* A strong understanding of Microsoft Excel and PowerPoint is required
* Must have strong attention to detail with an ability to solve data problems
* Must have the ability to interact with various departments and levels internally
* Must have the ability to perform analysis; identify trends and insights; and translate into actionable insights (analytical, quantitative, and qualitative)
* Pharmaceutical experience preferred
* Understanding of Access, Visual Basic PowerPoint, and other key platforms is preferred
Department FIN - STRATEGIC PRICING (1)
Position Location US - Princeton, NJ
City Princeton
State/Provinces US - NJ
Novo Nordisk is committed to equal employment opportunity and providing reasonable accommodations to applicants with physical and/or mental disabilities. We value and encourage diversity and solicit applications from all qualified applicants without regard to race, color, gender, sex, age, religion, creed, national origin, ancestry, citizenship, marital status, physical or mental disability, medical condition, veteran status, genetic information, or any other characteristic protected by federal, state, or local law.
Novo Nordisk will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information.
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