Associate Director, Fair Market Value Bona Fide Service Fee (FMV BFSF)

East Hanover, NJ - USA

Yearly Salary: $ 145600 - 270400

Posted on: Yesterday

Vacancies: 1 Vacancy

Job Summary

Job Description Summary

As an Associate Director in the Fair Market Value / Bona Fide Service Fee (FMV/BFSF) team you will be leading the team to ensure compliance with regulatory requirements (Centers for Medicare & Medicaid Services rules and guidance) and industry standards related to fair market value in the pharmaceutical sector. You will be responsible for developing implementing and overseeing fair market value processes policies and applications across Novartis.

Job Description

Key responsibilities

Serve as a leader in the development and streamlining of fair market value methodologies processes and policies in the U.S. industry pertaining to fee for service arrangements with Commercial entities (e.g. Specialty Pharmacies Wholesalers/Distributors PBMs GPOS Hubs Copay vendors etc.).
Collaborate with cross-functional teams across Market Access Finance Legal Medical and others to ensure alignment in fair market value assessments and decision-making processes.
Maintain all fair market value Work Process Documents (WPDs) and remain in compliance with all pertinent WPDs.
Oversee relationships with external vendors and consultants to support fair market value assessments
Ensure fair market value compliance with Novartis internal guidelines including documentation and records retention.
Maintain and enhance processes to remain compliant with Centers for Medicare & Medicaid Services (CMS) regulations.
Work with MMF teams to provide communications and training as needed across the broader organization.

Essential Requirements

Bachelors degree preferably in Finance/Accounting. Masters degree MBA or CPA preferred.
6 years of experience in finance accounting or economics preferably within pharmaceutical or healthcare industry.
Supervisory skills to effectively delegate to motivate and develop associates.
Excellent analytical skills with the ability to interpret complex data and market trends to conduct a fair market value assessment.
Strong financial modelling skills: Advanced Microsoft Excel Skills.
Proactive mindset and ability to execute multiple assignments simultaneously.
Strong communication and interpersonal skills with the ability to collaborate with internal and external stakeholders at all levels.
Experience conducting financial analysis/valuations preferably fair market value analysis of healthcare business compensation and various service agreements for management planning and regulatory compliance purposes.

Desirable Requirements:

Extensive knowledge of pharmaceutical industry and its policies and regulations.
Proficiency with data and analytics tools such as Tableau and Power BI.
Experience with all commercial entities (e.g. Specialty Pharmacies Wholesalers/Specialty Distributors PBMs GPOs HUBs Copay vendors etc.).

Benefits & Rewards

The salary for this position is expected to range between $145600 and $270400 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 -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.

Why Novartis: Helping people with disease and their families takes more than innovative science. It takes a community of smart passionate people like you. Collaborating supporting and inspiring each other. Combining to achieve breakthroughs that change patients lives. Ready to create a brighter future together our Novartis Network: Not the right Novartis role for you Sign up to our talent community to stay connected and learn about suitable career opportunities as soon as they come up: and Rewards: Read our handbook to learn about all the ways well help you thrive personally and professionally: 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 sex national origin age sexual orientation gender identity or expression marital or veteran status disability or any other legally protected status.

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 to perform the essential functions of a position please send an e-mail to or call 1 and let us know the nature of your request and your contact information. Please include the job requisition number in your message.

Salary Range

$145600.00 - $270400.00

Skills Desired

Ability To Influence Key Stakeholders Adaptability Building High Performance Team Capital Allocation Compliance And Controls Critical Thinking Data Cleansing Normalization Data Visualization E2E Process View Financial Accounting Financial And Management Reporting Giving And Receiving Feedback Group Problem Solving Interpersonal Relationships Market Understanding Mergers and Acquisitions (M&A) Pmi (Post-Merger Integration) Resilience Training Taxes Treasury Understanding Value Drivers Planning & Analysis

Required Experience:

Director

Job Description SummaryAs an Associate Director in the Fair Market Value / Bona Fide Service Fee (FMV/BFSF) team you will be leading the team to ensure compliance with regulatory requirements (Centers for Medicare & Medicaid Services rules and guidance) and industry standards related to fair market ...