Senior Analyst, Fair Market Value / Bona-fide Service Fee
Senior Analyst, Fair Market Value / Bona-fide Service Fee
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$ 66800 - 124000
1 Vacancy
Job Description
Band
Level 3Job Description Summary
#LI-HybridLocation: East Hanover NJ USA
This position will be located at the East Hanover NJ site and will not have the ability to be located remotely. Please note that this role would not provide relocation and only local candidates will be considered. Please only apply if this location is accessible for you.
Step into a role where your analytical expertise directly supports compliance with critical healthcare regulations (Centers for Medicare & Medicaid Services and US Health and Human Services) and industry standards. As a Senior Analyst in the Fair Market Value / Bona-fide Service Fee team youll help shape Novartis approach to service fee assessments ensuring transparency and integrity across commercial partnerships. This is your opportunity to collaborate cross-functionally influence decision-making and contribute to a mission that safeguards ethical practices in the pharmaceutical industry.
Job Description
Key Responsibilities:
Assist with the fair market value assessments for service fees paid to commercial entities in the U.S. industry (e.g. Specialty Pharmacies Wholesalers/Distributors PBMs GPOS Hubs Copay vendors etc.)
Collaborate with cross-functional teams across Finance Legal Medical etc. to ensure alignment in fair market value assessments and decision-making processes
Assist with maintaining all fair market value Work Process Documents (WPDs) and remain in compliance with all Novartis compliance guidance and maintain high-quality data in the FMV application
Maintain and enhance processes to remain compliant with CMS HHS regulations on fair market value
Work with Associate Director/Manager to develop communications and training documents as needed across the broader organization
Report to management on current projects and value drivers within the team. Supporting stakeholders with analytics and guidance on an ad hoc basis
Essential Requirements:
Bachelors degree required preferably in Finance or Accounting; Masters MBA or CPA a plus
Minimum 2 years of experience in finance accounting or economics preferably within pharma or healthcare
Strong analytical skills to interpret complex data and market trends for FMV assessments
Advanced financial modeling proficiency especially in Microsoft Excel
Excellent communication and collaboration skills across internal and external stakeholders
Strong organizational skills with ability to manage multiple priorities simultaneously
Desirable Requirements:
Familiarity with pharmaceutical industry policies regulations and compliance standards
Experience working with commercial entities such as Specialty Pharmacies PBMs GPOs or Copay vendors
Novartis Compensation Summary:
The salary for this position is expected to range between $66800.00 and $124000.00 per year.
The final salary offered is determined based on factors like but not limited to relevant skills and experience and upon joining Novartis will be reviewed periodically. Novartis may change the published salary range based on company and market factors.
Your compensation will include a performance-based cash incentive and depending on the level of the role eligibility to be considered for annual equity awards.
US-based eligible employees will receive a comprehensive benefits package that includes health life and disability benefits a 401(k) with company contribution and match and a variety of other addition employees are eligible for a generous time off package including vacation personal days holidays and other leaves.
EEO Statement:
The Novartis Group of Companies are Equal Opportunity Employers. We do not discriminate in recruitment hiring training promotion or other employment practices for reasons of race color religion gender national origin age sexual orientation gender identity or expression marital or veteran status disability or any other legally protected status. We strive to create an inclusive workplace that cultivates bold innovation through collaboration and empowers our people to unleash their full potential.
Accessibility and reasonable accommodations
The Novartis Group of Companies are committed to working with and providing reasonable accommodation to individuals with disabilities. If because of a medical condition or disability you need a reasonable accommodation for any part of the application process or in order to perform the essential functions of a position please send an e-mail to call 1 and let us know the nature of your request and your contact information. Please include the job requisition number in your message.
Range
Skills Desired
Ability To Influence Key Stakeholders Compliance And Controls Data Cleansing Normalization Data Visualization Employee Engagement Financial And Management Reporting Market Understanding Planning & Analysis Process Optimization Understanding Value DriversRequired Experience:
Senior IC
Employment Type
Full-Time
