Contracts Administrator

Responsibilities:

• Excellent employment opportunity for a Contracts Administrator in the Ridgefield, CT area.
• Manage key multifaceted contracted customers including creating, analyzing, calculating and processing complex discounts/rebates, chargebacks, and discount offerings according to mandated legislation (i.e.,340B) and/or contracting guidelines.
• In addition, ensure compliance of member eligibility as set forth in the contractual terms and conditions to identify ineligible claims/purchases and any potential impacts to Government Pricing Programs.
• Respond to questions within and outside the organization from internal and external customers regarding complex contract issues that require interpretation on issues related to payment calculations, discounts/rebates or membership.
• Develop and perform complex analyses and reports using financial modeling techniques
• For 340B, duties may include: Support and lead internal communications, analysis and reporting related to 340B and Manage the 340B dispute process for either State Medicaid Program, Covered Entities and/or PBMs.
• Participate in the LTF Development and Process.
• Ensure accrual projections are accurate and reflect Contracting strategies for internal stakeholders within Analytics and Insights and Finance in a timely manner.
• As a result, collaboration and continuous communication with the Federal Field Force and other stakeholders is essential.
• Support and lead from a Contract Compliance perspective, the evaluation of the current contracting / pricing paradigm and recommend, for implementation, approaches to ensure alignment of rebates paid with performance.
• Look for ways to optimize contracts and enhance Company value.
• Assist the Contract Development team in providing insightful business cases that include a gap analysis on data elements and on developing a Contract Account performance analysis that is presented to External and Internal Customers.
• Monitor legislative changes or market events to ensure
• Contract template language is updated accordingly to mitigate any potential risk for Company.
• Participate in internal and external audits of ensuring customer compliance with contractual terms and conditions.
• Coordinate and lead in the development of SOP's specific to managing contracts and contract data to ensure standardization of the necessary controls and effectiveness of business processes.
• Cross train other analysts on departmental Compliance activities and customer specific processes.
• Collaborate cross functionally, both internally and externally, having the ability to demonstrate a strong business and financial acumen and decision-making skills.
• Manage the planning of preparation of the monthly cash flow report for the Treasury group.
• Participate on various cross collaboration project teams, addressing a variety of business needs, including process enhancements, system initiatives, and reporting.
• Consistently follow company policies and procedures to ensure compliance with all internal policies and guidelines, Compliance and regulations.
  

Experience:

• Bachelor's Degree from an accredited institution required.
• Advanced Degree certification in Marketing, Economics, Finance, or related field is strongly preferred.
• Minimum of five (5) years of relevant experience in the Pharmaceutical or related industry, or with a PBM, Wholesaler or Covered Entity with and at least three (3) years of experience in a contracting, pricing, reimbursement, 340B or managed markets role strongly preferred.
• Previous negotiation, managed care, or PBM/Payor/Covered Entity experience is preferred.
• Understanding of Contract Law, Compliance with Government Regulations and limit exposure to potential litigious proceedings for BIPI.
• Innovative and able to translate business needs into opportunities.
• Strong leadership, communication, presentation and project management skills.
• Proficiency in MSOffice, Outlook and database applications. Location flexible.
• Required Skills: CLAIMS, CONTRACTS, FINANCE, PERFORMANCE ANALYSIS, PROBLEM-SOLVING
• Additional Skills: CONTRACTS ADMINISTRATOR, FINANCIAL ACUMEN, FINANCIAL MODELING, GAP ANALYSIS, INTERNAL COMMUNICATIONS, MEDICAID, PRICING, PROJECT MANAGEMENT, TRANSLATE, MANAGED CARE, AUDIT, BUSINESS CASES, BUSINESS INTELLIGENCE, CONTRACT DEVELOPMENT, AUDITS, DATABASE, DATABASES, MARKETING, MICROSOFT OUTLOOK, OUTLOOK