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Associate Director, Pricing


Executive Director


East Hanover, New Jersey, United States

Bringing life-changing medicines to millions of people, Novartis sits at the intersection of cutting-edge medical science and innovative digital technology. As a global company, the resources and opportunities for growth and development are plentiful including global and local cross functional careers, a diverse learning suite of thousands of programs & an in-house marketplace for rotations & project work. With strong medicines pipeline our current transformation will not just deliver growth for our business but continue to allow us to bring innovative medicines to patients quickly.<br><br>Associate Director Pricing (ADP) will drive the implementation of in-market pricing strategies that enable access for our products in partnership with assigned countries ensuring that price decision making is done according to governance. The role requires the right capabilities and the right mindset to drive collaboration, impact, and innovation to realize our short- and long-term goals to fulfill our vision. <br><br>•Review and execute pricing strategies across the portfolio. Responsible for ensuring alignment with program and brand strategies to optimize brand value and market access. <br><br>•Collaborate on pricing research with other IM, assigned countries/regions (as needed). Identify competitive trends, synthesize competitor price information (including biosimilars and generics), and trigger actions as required.<br><br>•Support the development of global launch sequence optimization for certain assets/indications as needed. Coordinate with assigned countries and other IM functions to ensure pricing and access are optimized as impact is felt globally across markets. <br><br>•Develop and co-create models to optimize pricing and access and recommend adaptations where appropriate. <br><br>•Support loss of exclusivity (LoE) strategies to help mitigate erosion in exposed indications.<br><br>•Be an expert on assigned countries and share knowledge regarding major developments in these markets.<br><br>•Interact regularly with assigned countries. For select markets, provide operational pricing scenario analysis on local price proposals for consultation and decision-making. <br><br>•Provide/withhold endorsement of product price proposals consistent with global governance at launch and any list & net price changes post-launch for assigned markets. Monitor local pricing implementation.<br><br>•Ensure support to countries for price certificates and other pricing related documentation. <br><br>This position will be located at the East Hanover, NJ site and will not have the ability to be located remotely.<br>This position will require 10% travel as defined by the business (domestic and/ or international).<br><br>The pay range for this position at commencement of employment is expected to be between $174,400.00 - $261,600.00 a year; however, while salary ranges are effective from 1/1/23 through 12/31/23, fluctuations in the job market may necessitate adjustments to pay ranges during this period. Further, final pay determinations will depend on various factors, including, but not limited to geographical location, experience level, knowledge, skills and abilities. The total compensation package for this position may also include other elements, including a sign-on bonus, restricted stock units, and discretionary awards in addition to a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time, and parental leave), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment. If hired, employee will be in an “at-will position” and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors. <br><br>[#video#{#400,300#}#/video#]