Price Forecasting Specialist

Company: Takeda Pharmaceuticals
Location: Lexington
Posted on: December 5, 2019

Job Description:

By clicking the Apply button, I understand that my employment application process with Takeda will commence and that I agree with Takedas Privacy Notice, Privacy Policy and Terms of Use. Job Description Job Title: Price Forecasting Specialist Reports To (Title): Director, Price Forecasting & Optimization Function: Commercial Operations Department: Commercial Analytics and Forecasting Written By: Chris Loke Date Written: 11/08/2019 Job Number: OBJECTIVES : The Price Forecasting Specialist will provide support to the Price Forecasting & Optimization team, as well as cross/functional business partners. This includes developing tools, models, and resources that are used in product pricing forecasts. The Price Forecasting Specialist will build and maintain a set of integrated models and data tools to support the team including analytics, forecast model development, reconciliation of gross-to-net accruals recorded by Financial Planning & Analysis, support of contract business case development, and reporting of variances. Leverages analytical expertise and knowledge of pricing and contracting strategy to support, develop and present annual, mid-range and long range planning updates. ACCOUNTABILITIES: - Develop and maintain analytical models to forecast payer level performance for commercial and Medicare contracts including clear tracking and reporting of volume and price/discount performance expectations in comparison to actual results and latest plan estimates. - Develop standardized financial modeling tools to ensure appropriate financial assumptions for each account/channel. Ensure forecast practices are uniform across similar products in the portfolio. Identify, recommend, and implement opportunities for efficiency in contract data collection and reporting methodologies. Ensure individual account/channel financial models utilized for contracting decisions are properly reflected in Takedas Plan, MRP, and LBEs. - Create forecast for untracked utilization including volume and discount rate expectations. - Understand, forecast, and report complex contracting and reporting issues such as best price, AMP, ASP and price protection. - Work with the commercial and government pricing leaders, Managed Markets Account Strategy Managers (ASMs), and Brand leadership to develop, evaluate, and recommend effective contract analysis, and strategies for all business segments within managed markets. - Actively monitor actual payments in comparison to balance sheet accruals to ensure appropriate reserves are maintained. - Develop reports as needed to clearly demonstrate trends and actual results. - Perform product and market analysis to identify opportunities to improve Takedas profitability and market position. Research and utilize information on pharmaceutical industry, competitive information, market conditions, government policy and regulations changes, and other internal resources (Sales, Marketing, Managed Markets, Government Affairs, Finance, IT). SCOPE OF SUPERVISION: SUPERVISED NUMBER OF EMPLOYEES Direct In-Direct Managers/Supervisors 0 0 Exempt/Professional/Technical 0 0 Non-Exempt 0 0 EDUCATION, EXPERIENCE, KNOWLEDGE AND SKILLS: - Bachelors degree in an analytical field such as finance, accounting, statistics, management science, economics - 2 years business experience in quantatitive analysis in analytical field such as product forecasting, pricing, or financial planning and analysis - Advanced Excel modeling skills - Project planning and management skills - Working understanding or experience in basic accounting principles Desired: - Pharmaceutical industry experience and knowledge of pharmaceutical industry practices - Comprehensive understanding of data sources (NDC, IQVIA, claims data, etc.) - Experience with Word, PowerPoint, Access, Cognos preferred. LICENSES/CERTIFICATIONS: - None PHYSICAL DEMANDS: TRAVEL REQUIREMENTS: - Willingness to travel to various meetings or client sites, including overnight trips. - Requires approximately 10-15% travel. Locations Lexington, MA Worker Type Employee Worker Sub-Type Regular Time Type Full time

Keywords: Takeda Pharmaceuticals, Boston , Price Forecasting Specialist, Other , Lexington, Massachusetts