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Specialist - Rebate Operations and Assurance (ROA)

Employer
Novo Nordisk
Location
Plainsboro, NJ
Start date
Nov 20, 2024
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Job Details

About the Department 

The Finance, Insights & Enterprise Solutions department brings insights and intelligence to inform decision making & drives digitalization and business solutions to attain NNI goals. Finance, Insights & Enterprise Solutions 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 we're constantly building future capabilities. We're responsible for regulating accounting, upholding workplace safety, managing our supply chain and sampling, supporting technological and data innovation, insights and analytics, delivering patient support solutions, maintaining our facilities and assuring the integrity and completeness of all business transactions. At Novo Nordisk, you will have the opportunity to build a life-changing 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

This position supports rebate processing and business assurance activities under Rebate Operations & Assurance. Ensures timely and accurate payment of rebate payments for Strategic and Non-Strategic customers for Commercial, Part D and Coverage Gap. Reviews and analyzes the results of rebate calculations and identifies and reports status and exceptions.

 

Provides analytical and consulting services in support of delivering and executing projects related to Business Assurance.

 

Relationships

The position reports to the head of Rebate Operations and works closely with Business Assurance, Strategic Pricing & Contracting, and other field and home office stakeholders. External relationships include Managed Care & Medicare customers, Market Access and System Vendors.

 

Essential Functions

  • Assists customers and management with questions or problems arising with contracts and payments and troubleshoots accordingly
  • Assists with both internal and external audits
  • Creates special reports and provides analysis support to management based on trends and needs
  • Ensures accurate reporting to finance and treasury (i.e., monthly treasury reporting, monthly and periodic reconciliations to other reporting systems)
  • Identifies and analyzes performance trends and provides recommendations and insights to management
  • Identifies missing claims data and works with customers in gathering and obtaining this data
  • Inputs, reviews, validates, processes and analyzes rebate payments and adjustments ranging from $100K - $200M or more; ensures payments are paid within the required timeframes and conditions, as stated in the contractual agreements
  • Prepares and provides contract reports (i.e., sales, rebate pricing, reconciliation) to field sales and home office management
  • Responsible for proper distribution of funds and reporting to field sales and rebate customers
  • Reviews and analyzes contract terms and conditions of contracts. Ensures data in validation and rebate systems reflect the contract terms for accurate processing
  • Reviews and recommends contract language to management
  • Formats incoming claims data (received on tape, diskette, etc.) from contract customers; manipulates data to ensure proper format
  • Provides support for data loading efforts to ensure that all data received is loaded accurately and in a timely manner prior to data validation. Coordinates with external source for loading and scrubbing of rebate claims data
  • Works with external vendor and customer to resolve data issues
  • Provides support for ensuring all data is received and accurately tracked to ensure on time payment
  • Provides support for ensuring all documentation for payments and contracts are filed and updated accurately
  • Provides support for generating and distributing all supporting reports provided to the field and customers for reconciliation
  • Assists with implementing enhancements for data validation and rebate systems
  • Creates and maintains rebate agreements in the rebate system
  • Ensures that A/P vendor information is updated accurately and that payments are issued as expected
  • Ensures that all activities meet internal and/or external service level agreements and Sarbox controls
  • Maintains membership and formulary linkages in rebate system
  • Ad hoc Business Assurance reporting activities and active participation in adhoc projects to ensure compliance across rebate operations
  •  

    Physical Requirements

    0-10% overnight travel required.

    This is a Hybrid role requiring 3 days per week onsite in Plainsboro, NJ.

     

    Qualifications

  • A Bachelor 's degree or equivalent experience required
  • Advanced PC skills required
  • Contracting and Pricing Knowledge and Expertise Required - Understands contracting concepts and processes and the impact of pricing activities on contracting. Applies knowledge of changes in laws and competitive landscape to make sound business decisions
  • Data manipulation skills through a third-party vendor for data scrubbing
  • Experience in using financial and/or statistical tools to analyze contract data required
  • Microsoft Access, and Advanced skills in Excel required
  • SQL experience preferred
  • Requires a minimum of 4 years relevant experience
  • Strong analytical, quantitative, and qualitative analysis skills required
  • Strong skills with Model N
  • Self-motivator who seeks to improve accuracy and efficiency of analytical work and business processes. Strong attention to detail required
  • Planner and forecaster savvy with recognizing trends, establishing forward progress and focusing on the big picture as well as the small details
  •  

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

     

    At Novo Nordisk we recognize that it is no longer good enough to aspire to be the best company in the world. We need to aspire to be the best company for the world and we know that this is only possible with talented employees with diverse perspectives, backgrounds and cultures. We are therefore committed to creating an inclusive culture that celebrates the diversity of our employees, the patients we serve and communities we operate in. Together, we’re life changing.

     

    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.

    Company

    Novo Nordisk is a leading global healthcare company, founded in 1923 and headquartered in 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 disease. Novo Nordisk employs about 54,400 people in 80 countries and markets its products in around 170 countries. For more information visit novonordisk.com.

    Our US Research & Development hub, located in the Greater Boston area, brings together the best talent to drive life science innovation. Located in Lexington, Watertown and Cambridge, our teams reflect the full scope of R&D, from early research through late-stage clinical development. We are building for the future by creating a distinct R&D community based on collaboration, partnerships, and cutting-edge research across multiple modalities and therapeutic areas. We recognize that improving human health starts here and that patients rely on us. By combining the speed and agility of biotech with the quality, resources, and stability of a large pharmaceutical company, our US R&D hub will benefit from the best of both worlds to develop new medicines that meet the needs of patients.

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    Company info
    Website
    Phone
    617-612-6200
    Location
    75 Hayden Avenue
    Lexington
    MA
    02421
    United States

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