Senior Contracting Manager

Novo Nordisk AS

Plainsboro, NJ

JOB DETAILS
SALARY
$120,300–$222,600 Per Year
SKILLS
Accounting, Analysis Skills, Biotech and Pharmaceutical, Business Solutions, Channel Strategies, Chronic Disease, Communication Skills, Compensation Management, Computer Skills, Contract Approval, Contract Creation, Contract Management, Contract Negotiation, Contract Processing, Contract Requirements, Customer Relations, Customer Support/Service, Diabetes, Disease, Distribution Channel, Employee Assistance Plan, Financial Operations, Financial Risk, Government Contracts, Healthcare, International Business, Interpersonal Skills, Leadership, Legal, Managed Care, Marketing Strategy, Mentoring, Microsoft Excel, Microsoft Windows Operating System, Microsoft Word, Multitasking, National Sales, Negotiation Skills, People Management, Pharmacy, Physical Demands, Pricing, Process Improvement, Product Positioning, Product Pricing, Product Strategy, Product/Service Launch, Project/Program Management, Regulations, Regulatory Compliance, Resource Management, Risk, Risk Analysis, Risk Management, Safety/Work Safety, Sales Management, Sarbanes-Oxley Act (SOX), Status Reports, Strategic Accounts, Strategic Planning, Supply Chain Management, Technical Support, Time Management, Value Chain Model, Willing to Travel
LOCATION
Plainsboro, NJ
POSTED
17 days ago

About the Department

The Finance & Operations department brings insights and intelligence to inform decision making & drives digitalization and business solutions to attain NNI goals. Finance & Operations works closely across the organization to guide enterprise-wide resource allocations, investment choices, drive core operations and develop insights to drive growth and operational excellence across the value chain while innovating for future capabilities. Our focus on innovation ensures were constantly building future capabilities. Were responsible for regulating accounting, upholding workplace safety, managing our supply chain and sampling, supporting technological and data innovation, maintaining our facilities and assuring the integrity and completeness of all business transactions. At Novo Nordisk, you will have the opportunity to build a career in a global business environment. We encourage our employees to make the most of their talent, and we reward hard work and dedication with opportunities for continuous learning and personal development. Are you ready to maximize your potential with us?

The Position

Ownership responsibility for the contract lifecycle management from inception to execution for key strategic customers in Managed Care and Biopharm channels. Leads customer facing negotiation of contractual terms according to approved product strategies, pricing guidelines, legal and regulatory policies, while minimizing organizational risk and maintaining focus on corporate objectives. Responsible for advisor support for strategic accounts, regional accounts, GPOs, Specialty Pharmacies, specialty distributors and trade agreements. Provides insights to Market Access, Strategy and Innovation and PCOR with respect to challenges related to organizational, regulatory, compliance, and financial risk hurdles associated with managed care agreements. Documents adherence to agreement terms and independently drives resolution of deficiencies through solicitation of stakeholder needs and alignment to corporate goals. Responsible for contract accuracy and Sarbox compliance. Leads ad-hoc projects and serves as PMO. Recommends and implements innovations and process improvements for contract systems and procedures.

Relationships

Reports to a Director on the Strategic Pricing and Contracting team. Works closely with senior level partners in field Account Management across channels (Managed Care, Part D, Institutional) and therapeutic areas (Diabetes and BioPharm), as well as with internal stakeholders (Government Contracts & Compliance, Rebate Operations and Insights, Strategy and Innovations; Legal; and Risk Management). Works directly with contracted customers at leadership levels. Provides mentoring and learning opportunities for Account teams and PCOR colleagues.

Essential Functions

  • Lead for key strategic accounts supporting both National Accounts and PBM Executive Directors covering the entire US
  • Lead for Biopharm accounts supporting all Specialty Pharmacy and Distribution arrangements and/or Contract Strategy, driving channel or company initiatives for contracting, and providing guidance to junior members of the SPC team
  • Independently provides strategic and tactical contract recommendations to Market Access and Strategic Pricing partners in the development of contract offers and programs. Acts as lead facilitator to ensure input and analysis of all stakeholder feedback is incorporated into contracts as appropriate
  • Expert ability to understand and convert tactics and strategies into contract language. Autonomously authors complex contract documents, including the development of templates, draft of notices, amendments, agreements, and value/risk-based contracts grounded on approved products and pricing, market baskets, and product positioning requirements. Independently works with customers leadership levels and internal functional areas to reach agreement on business and legal aspects of a contract. Provides such documents to the account executive and/or customer within the required time frame
  • Obtains all appropriate and required internal reviews and approvals for contract terms and provisions. Ensures accuracy of pricing, market baskets, and terms within appropriate documents and timely submission of contracts to customers following offer approvals
  • Identifies and escalates any potential contractual risk and provides recommendation for mitigation. Advises leadership and stakeholder functional areas of contractual rights, obligations and risk analysis, as necessary
  • Oversees contractual requirements for new product launches and manages the implementation and execution of all documents; provides regular status reports to internal stakeholders across functional groups
  • Maintains contractual information, including negotiation status and agreed upon terms and conditions, in Contract Lifecycle Management Tool (CLM). Responsible for training account executives on the use of CLM
  • Responsible for contract templates and all revisions as healthcare environment, market baskets and standard terms change
  • Identifies opportunities and makes recommendations for optimal performance, processes, and compliance improvement across entire contract management continuum
  • Leads with excellent communication and interpersonal skills and demonstrates effectiveness at working effectively with internal and external stakeholders

Physical Requirements

0-10% overnight travel required.

Qualifications

  • Bachelor's Degree or equivalent experience plus 8 years related experience required
  • Master's Degree preferred
  • 5 years minimum within the pharmaceutical or related industry, specifically in managed care contracting, is preferred; generics experience a plus
  • Ability to manage multiple projects, collaborating with all stakeholders at all levels of the organization to analyze, develop and execute strategies and tactics that best achieve goals within deadlines
  • Legal experience a plus
  • Solid understanding of pharmaceutical contracting, distribution channels, and products (understanding of therapeutic areas, drug administration)
  • Strong communication and interpersonal skills
  • Strong computer skills: Microsoft Word, Windows, Excel

The base compensation range for this position is $120,300 to $222,600. Base compensation is determined based on a number of factors. This position is also eligible for a company bonus based on individual and company performance. Novo Nordisk offers long-term incentive compensation and or company vehicles depending on the positions level or other company factors.

Employees are also eligible to participate in Company employee benefit programs including medical, dental and vision coverage; life insurance; disability insurance; 401(k) savings plan; flexible spending accounts; employee assistance program; tuition reimbursement program; and voluntary benefits such as group legal, critical illness, identity theft protection, pet insurance and auto/home insurance. The Company also offers time off pursuant to its sick time policy, flex-able vacation policy, and parental leave policy.

We commit to an inclusive recruitment process and equality of opportunity for all our job applicants.

At Novo Nordisk, were not chasing quick fixes - were creating lasting change for long-term health. For over 100 years, weve been driven by a single purpose: to defeat serious chronic diseases and help millions of people live healthier lives. This dedication fuels our constant curiosity and inspires us to push the boundaries of whats possible in healthcare. We embrace diverse perspectives, seek out bold ideas, and build partnerships rooted in shared purpose. Together, were making healthcare more accessible, treating and defeating diseases, and pioneering solutions that create change spanning generations. When you join us, you become part of something bigger - a legacy of impact that reaches far beyond today.

Novo Nordisk is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to race, ethnicity, color, religion, sex, gender identity, sexual orientation, national origin, disability, protected veteran status or any other characteristic protected by local, state or federal laws, rules or regulations.

If you are interested in applying to Novo Nordisk and need special assistance or an accommodation to apply, please call us at 1-855-411-5290. This contact is for accommodation requests only and cannot be used to inquire about the status of applications.

About the Company

N

Novo Nordisk AS

Working at Novo Nordisk

 

Life-changing careers

Starting a career at Novo Nordisk is more than getting a job. It is an opportunity to improve the lives of millions of people living with a serious chronic disease.

Whether you are a part of supplying insulin for patients around the world, discovering the next breakthrough at one of our state-of-the-art research centres, working with us is truly life-changing.

 

We are inspired by life

We are a proud life-science company on a mission to ensure that people living with a chronic disease can live a full life. Millions rely on us.

We’re inspired by life in all its forms and shapes, ups and downs, opportunities and challenges. From our colleagues in the lab, working to change lives through pioneering break-through treatments, to our colleagues putting sustainability at the core of our processes and working to prolong the life of our planet, this mission to improve lives is at the core of our every action.

 

Together we drive change

Change is a constant — change in lifestyle, change in technology, change all over. At Novo Nordisk, we don’t wait for change. We drive it.

We’re a dynamic company in an even more dynamic industry, and we know that what got us to where we are today is not necessarily what will make us successful in the future.

That’s why we continuously push to improve the way we work and the lives of the patients we serve, creating innovative solutions that fit the way people want to live. To accomplish this, we embrace a spirit of open-mindedness and experimentation, striving for excellence without fixating on perfection.

 

Together, we are life-changing

Our company is our people. We know that life is anything but linear and balancing what is important at different stages of our career is never easy. That’s why we make room for diverse life situations, always putting people first. We want to ensure that every employee can achieve a work-life balance that supports their current priorities and where they want to go next.

 

Your development starts here

We value our employees for the unique skills, backgrounds and perspectives they bring to the table. We work continuously to help bring out the best in all of our people, offering opportunities for development and creating an environment of mobility within the company. We strive to offer a workplace that’s great to be in and to be from.

It is very important to us that anyone working with us feels empowered as an employee and as a person. We all should have the opportunity to act fast, make decisions and be agile. 

With a career at our company, you will feel a difference right from the start. A sense of inspiration that comes from a shared belief in driving positive change for people, families and communities everywhere, and it’s a collective effort. We rely on the joint potential and collaboration of our more than 45,000 employees.

In the video above, meet  Marie Darting, one of our scientists, and hear more about her work as a formulation scientist, her perspective on development plans and the impact she feels her work has on people living with a chronic disease.

 

Who we are

We were founded in 1923 and today we are a global healthcare company headquartered just outside Copenhagen, Denmark.

Our purpose is to drive change to defeat diabetes and other serious chronic diseases, such as obesity and rare blood and endocrine disorders. We do so by pioneering  scientific breakthroughs, expanding  access to our medicines , and working to prevent and ultimately cure diabetes.

With almost 100 years of experience, one of the broadest diabetes product portfolios in the healthcare industry, as well as an award-winning pipeline of innovative products, our success is built on our company values – the Novo Nordisk Way.

COMPANY SIZE
2,500 to 4,999 employees
INDUSTRY
Biotechnology/Pharmaceuticals
FOUNDED
1923
WEBSITE
https://www.novonordisk.com/