Description

ICompany Description

AbbVie's mission is to discover and deliver innovative medicines and solutions that solve serious health issues today and address the medical challenges of tomorrow. We strive to have a remarkable impact on people's lives across several key therapeutic areas - immunology, oncology, neuroscience, and eye care - and products and services in our Allergan Aesthetics portfolio. For more information about AbbVie, please visit us at www.abbvie.com. Follow @abbvie on X, Facebook, Instagram, YouTube, LinkedIn and Tik Tok.

Job Description

As a key member of the Payer Contract Analytics team, this individual will be responsible for performing contract data analytics via data driven payer level analysis for AbbVie's key Payer customer(s) across multiple channels of pharmaceutical businesses such as the Commercial Insurance channel, Medicare and Medicaid Channels.

The role is a meld of Analytics and Finance, requiring collaboration with cross-functional business partners including Marketing, Finance, field-based Account Managers, and IT. The individual in this role will help to ensure AbbVie has the appropriate pricing and contracting analytics for our current products, as well as future pipeline products.

Key Job Responsibilities

• Responsible for performing analytics related to contracting for key products & therapeutic areas (Immunology, Migraine, Antipsychotic, GI, Women's Health, HCV) to assess qualitative & financial impacts of pharmacy and/or medical contracting with National & Regional payers.
• Provide insights into the Payer customer contracting dynamics across Commercial & Medicare channels & businesses. Collaborate with stakeholders including Finance, Marketing & Field-based Account Managers to ensure optimized decision making on contracting for access.
• Ensure company has appropriate pricing & contracting analytics for current (in-line) & new (pipeline) products, for this payer.
• Perform analysis on deal/ no-deal decisions, inclusive of gross-to-net assessment of any proposed payer contract and economics from the payer perspective (as needed), ensuring accuracy of analysis, & communicating results & recommendations from analysis to cross-functional stakeholders, in oral and/or written form.
• Contribute to internal presentations for approval of strategy & read-outs with key stakeholders, & independently address contracting analysis questions. Conduct retrospective analysis of payer contract to ensure Actuals align with forecasted financials & adjust contract models, as needed.
• Supervise work of junior team members, as required.

Qualifications

The individual in this role should have the following background:

• Must have a Bachelor's degree in Statistics, Economics, Actuarial Science, Business Analytics or a highly related field of study, & 5 years of work experience in financial modeling &/ or data analytics in the pharmaceutical, health care or other industry that requires in-depth business/ data analytics
• Alternatively, would accept a Masters in the same disciplines & 3 years of work experience in financial modeling &/ or data analytics in the pharmaceutical, health care or other industry that requires in-depth business/ data analytics
• Strong business and financial acumen - prior experience in pharmaceutical Contracting analysis with an emphasis on data and financial analysis would be optimal
• A working knowledge and understanding of the ever-evolving pharmacy channel stakeholder economics, including Payers, Pharmacy benefit managers (PBMs), Group Purchasing Organizations (GPOs)
• Experience analyzing patient claims data (e.g. IQVIA LAAD, Symphony Health data) for Pharmacy channel products. Expert level knowledge of tools like PowerBI to extract/ analyze data and communicate a story through insights
• Ability to develop insights and communicate effectively to cross-functional business partners, in both oral and written form Programming in SAS, SQL, &/or Python performing data analysis & modeling
• Managing complex data sets in Excel, using intermediate and advanced Excel skills including building & manipulating pivot tables, macros, & index match functions
• Autonomy in evaluating complex data sets, synthesizing outcomes, succinctly summarizing the analytical findings, preparing presentation decks using PowerPoint & orally delivering analysis and reporting for cross-functional teams & leadership
• Experience managing and delivering projects from start to finish with supervision, as needed

Additional Information

Applicable only to applicants applying to a position in any location with pay disclosure requirements under state or local law:

• The compensation range described below is the range of possible base pay compensation that the Company believes in good faith it will pay for this role at the time of this posting based on the job grade for this position. Individual compensation paid within this range will depend on many factors including geographic location, and we may ultimately pay more or less than the posted range. This range may be modified in the future.
• We offer a comprehensive package of benefits including paid time off (vacation, holidays, sick), medical/dental/vision insurance and 401(k) to eligible employees.
• This job is eligible to participate in our short-term incentive programs.
• This job is eligible to participate in our long-term incentive programs

Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, incentive, benefits, or any other form of compensation and benefits that are allocable to a particular employee remains in the Company's sole and absolute discretion unless and until paid and may be modified at the Company's sole and absolute discretion, consistent with applicable law.

AbbVie is an equal opportunity employer and is committed to operating with integrity, driving innovation, transforming lives and serving our community. Equal Opportunity Employer/Veterans/Disabled.

US & Puerto Rico only - to learn more, visit https://www.abbvie.com/join-us/equal-employment-opportunity-employer.html

US & Puerto Rico applicants seeking a reasonable accommodation, click here to learn more:

https://www.abbvie.com/join-us/reasonable-accommodations.htmlI