Associate Director, U.S. Market Access Contract Development
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Position Summary
The Associate Director, Contract Development will lead and manage U.S. Market Access Contract processes by ensuring the seamless execution of pre- and post-deal analytics, negotiation, and administration for Payer, Provider and Trade & Distribution contracts. This role is pivotal in driving strategic contract initiatives that align with Vertex’s business objectives. This person will partner with, among others, Account Management, Finance, Government Pricing & Rebate Operations, GTN, Legal, Marketing and Payer Marketing to ensure appropriate governance and executional pull-through of contracting opportunities. These responsibilities will apply across all Vertex marketed product lines and pipeline products.
This role is a hybrid position based out of Boston, MA (3 days onsite, 2 days flexible).
Key Duties & Responsibilities
Contracting Process Leadership & Oversight: Manage the end-to-end contract (Payer, Provider and Trade & Distribution) development process, including quarterbacking of contract evaluations and shepherding business case development with cross-functional partners, including pre-deal analytics, negotiations, as well as the logging, tracking, reporting and facilitation of contract opportunities through the contract governance, negotiation/redlining and legal review processes
Draft/redline contract language and maintain contract templates, agreements, and amendments
Develop, maintain, and improve strong internal processes and documentation working across the Finance, Legal and Market Access teams
Maintain calendar, matrix of bids/offers, issues log and coordinate timely and regular communication of contract development and execution status to key stakeholders
Facilitate the transition of executed contracts to the appropriate operational team for assessment, implementation, and/or adjudication, including outlining important terms and providing detailed explanations, as necessary
Provide insights to the business that inform GTN forecasting, contracting, and pricing decisions and strategies, and general business planning
Collaboration & Partnership: Work effectively with cross-functional teams to identify, evaluate, and optimize contracting opportunities to support Vertex’s market access strategies
Strong stakeholder collaboration and management in support of internal contract processing, review, and reporting responsibilities
Provide stewardship on strategic and operational issues and requirements related to contract administration including any matters relating to rebate analysis and payments, as well as resolution of disputes on rebate claims
Pre- and Post-deal Analytics: Facilitate timely in-depth analysis before and after contract negotiations to support informed decision-making and optimize contract outcomes
Assist Account Managers with ad-hoc analysis, business planning, and contract performance review
Use financial models to perform and verify calculations for business scenarios and presentations to Pricing approval forums, including the North America Pricing Committee and Global Pricing & Reimbursement Committees
Required Education and Experience
Bachelor’s Degree in a business discipline required, MBA preferred
8 years minimum payer contracting, contract administration and/or analytics experience in the Pharmaceutical, Life Science, or related Industries
2 years minimum demonstrated pharmaceutical contract drafting experience
Progressive business experience in finance, accounting, sales, government pricing, contracting, or other related area
Demonstrated knowledge of the contracts and processes related to pharmaceutical pricing government programs and associated regulations
Strong stakeholder management experience
Required Knowledge/Skills
Highly analytical, accurate and meticulous, with the ability to define problems, research proposed solutions, analyze the short- and long-term implications, propose and present the results to senior leaders and implement solutions
Superior organizational and project management skills as well as polished written and verbal communication skills
Excellent interpersonal skills and customer service commitment, with the ability to work effectively across the organization and with external subject matter experts
Takes initiative, require minimal supervision and able to pivot between a team lead or team contributor, as per business need
Ability to multitask, shift gears when necessary, and be comfortable working to meet key and sometimes tight deadlines
Deep working knowledge of the pharmaceutical and managed care industry including market dynamics and the competitive landscape of formulary coverage, market share and profitability
Advanced Microsoft Excel, Word, and PowerPoint skills
- Location:
- Boston