Associate Director, Pricing and Economics

Posted:
9/27/2024, 10:18:09 AM

Location(s):
New Jersey, United States

Experience Level(s):
Senior

Field(s):
Finance & Banking

Workplace Type:
Hybrid

Working with Us
Challenging. Meaningful. Life-changing. Those aren’t words that are usually associated with a job. But working at Bristol Myers Squibb is anything but usual. Here, uniquely interesting work happens every day, in every department. From optimizing a production line to the latest breakthroughs in cell therapy, this is work that transforms the lives of patients, and the careers of those who do it. You’ll get the chance to grow and thrive through opportunities uncommon in scale and scope, alongside high-achieving teams rich in diversity. Take your career farther than you thought possible.

Bristol Myers Squibb recognizes the importance of balance and flexibility in our work environment. We offer a wide variety of competitive benefits, services and programs that provide our employees with the resources to pursue their goals, both at work and in their personal lives. Read more: careers.bms.com/working-with-us.

Summary:

The Associate Director, Global Pricing and Economics will be responsible for driving pricing analytics and strategic insights across the BMS Portfolio and will have the following key responsibilities:

Responsibilities:

  • Evolve pricing and economics for brands in response to new indications/clinical data, updated competitive environment, new product launches (KARX-T) or any other developments that impact the brand’s pricing.

  • Utilizes sophisticated analytics and strong financial acumen to evaluate impact of pricing scenarios on volume/revenue.

  • Support Brand Budget and LTFP Gross and Net Price projections

  • Support the development and implementation of US and/or Global pricing strategies for one or more key products in partnership with Global MAx teams. 

  • Anticipate and analyze significant changes in both external and internal market pricing dynamics that may influence their products

  • Support pricing evaluations for business development opportunities

  • Analyze innovative contractual solutions for respected brands.

  • Ensure US and/or Global Pricing Strategies/GOAs for their in-line brands are kept up to date with prevailing market conditions and competitive landscape.

  • Support the DEX pricing evaluations as necessary, ensuring the key pricing input and insights are incorporated in the clinical study design process for optimized access & pricing conditions at launch.

  • Provide expertise and play a pivotal role in key pricing & reimbursement negotiations across the globe.

  • Select and oversee work of external pricing research vendors and technical experts in the areas of pharmaceutical pricing & payer negotiations.  

Qualifications:

  • Bachelor's Degree

  • Extensive pharmaceutical industry experience; at least, 3 years in areas related to pricing and reimbursement in US and or WW pricing.

  • Knowledge of and expertise with key pricing and reimbursement systems worldwide

  • Knowledge of the US healthcare system and reimbursement environment, market access customers and channels. Experience US pricing analytics

  • Strong knowledge of analytical and conceptual tools, and pricing market research techniques, that are relevant to pricing and contracting.

  • Strong strategic thinking skills and ability to apply in a variety of complex business situations. 

  • Excellent communication skills: with ability to flex communication style across a broad and diverse set of international markets.

  • Proven ability to communicate complex pricing analyses in simple terms.

  • Demonstrated ability to manage multiple priorities and timelines.

  • Proven focus on integrity and credibility.

  • Understanding of marketing mix and the role of pricing and access as part of the mix.

  • Willingness to travel (US /overseas) for key meetings a variety of face-to-face interactions with matrix partners

#LI-Hybrid

If you come across a role that intrigues you but doesn’t perfectly line up with your resume, we encourage you to apply anyway. You could be one step away from work that will transform your life and career.

Uniquely Interesting Work, Life-changing Careers
With a single vision as inspiring as “Transforming patients’ lives through science™ ”, every BMS employee plays an integral role in work that goes far beyond ordinary. Each of us is empowered to apply our individual talents and unique perspectives in an inclusive culture, promoting diversity in clinical trials, while our shared values of passion, innovation, urgency, accountability, inclusion and integrity bring out the highest potential of each of our colleagues.

On-site Protocol

BMS has a diverse occupancy structure that determines where an employee is required to conduct their work. This structure includes site-essential, site-by-design, field-based and remote-by-design jobs. The occupancy type that you are assigned is determined by the nature and responsibilities of your role:

Site-essential roles require 100% of shifts onsite at your assigned facility. Site-by-design roles may be eligible for a hybrid work model with at least 50% onsite at your assigned facility. For these roles, onsite presence is considered an essential job function and is critical to collaboration, innovation, productivity, and a positive Company culture. For field-based and remote-by-design roles the ability to physically travel to visit customers, patients or business partners and to attend meetings on behalf of BMS as directed is an essential job function.

BMS is dedicated to ensuring that people with disabilities can excel through a transparent recruitment process, reasonable workplace accommodations/adjustments and ongoing support in their roles. Applicants can request a reasonable workplace accommodation/adjustment prior to accepting a job offer. If you require reasonable accommodations/adjustments in completing this application, or in any part of the recruitment process, direct your inquiries to [email protected]. Visit careers.bms.com/eeo-accessibility to access our complete Equal Employment Opportunity statement.

BMS cares about your well-being and the well-being of our staff, customers, patients, and communities. As a result, the Company strongly recommends that all employees be fully vaccinated for Covid-19 and keep up to date with Covid-19 boosters.

BMS will consider for employment qualified applicants with arrest and conviction records, pursuant to applicable laws in your area.

If you live in or expect to work from Los Angeles County if hired for this position, please visit this page for important additional information: https://careers.bms.com/california-residents/

Any data processed in connection with role applications will be treated in accordance with applicable data privacy policies and regulations.

Bristol Myers Squibb

Website: https://bms.com/

Headquarter Location: New York, New York, United States

Employee Count: 10001+

Year Founded: 1887

IPO Status: Public

Last Funding Type: Post-IPO Debt

Industries: Biotechnology ⋅ Health Care ⋅ Medical ⋅ Pharmaceutical ⋅ Precision Medicine