Manager, Pricing and Contracting at Sumitomo Pharma America, Inc.

Marlborough, Massachusetts, United States -

Full Time

Start Date

Immediate

Expiry Date

13 Feb, 26

Salary

164200.0

Posted On

15 Nov, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Contract Management, Pricing Governance, Bid Lifecycle, Stakeholder Collaboration, Contract Documentation, Compliance, Analytical Skills, Communication Skills, Attention to Detail, Problem Solving, Initiative, Independence, Process Improvement, Data Reporting, Audit Support

Industry

Pharmaceutical Manufacturing

Description

Sumitomo Pharma Co., Ltd., is a global pharmaceutical company based in Japan with operations in the U.S. (Sumitomo Pharma America, Inc.), focused on addressing patient needs in oncology, urology, women's health, rare diseases, cell & gene therapies and CNS. With several marketed products and a diverse pipeline of early- to late-stage investigational assets, we aim to accelerate discovery, research, and development to bring novel therapies to patients sooner. For more information on SMPA, visit our website https://www.us.sumitomo-pharma.com or follow us on LinkedIn. This position plays a crucial role at SMPA by managing and administering contracts with various payers, pharmacy benefit managers (PBMs), government programs (Medicaid, VA), and other healthcare entities. This position is responsible for ensuring contracts on the “sell” side of the organization are current, agree to SMPA business objectives, align with terms approved during pricing governance, and otherwise comply with SMPA’s policies and procedures. Additionally, this role will assist the Contract Analysis & Development team in monitoring the bid cycle and in reporting bid and contract history to date. This role will also assist in initiating and managing Strategic Pricing & Contracting’s SOWs for “buy” side (aka procurement) contracts. Contract Lifecycle Management: Support the entire “sell side” contract lifecycle, from drafting and review to execution, amendments & renewals, and terminations. Manage contract documentation and records, ensuring they are organized, accurate, and easily accessible. Update and keep current master contracts to properly incorporate changes from previous amendments. Oversee contract management procedures: Maintain and continuously improve contract management processes to streamline contract creation, execution, and administration. Implement and manage contract management processes to optimize manual workflows, improve task monitoring and deadlines, and excellent contract management practices Review terms of amendments and bids to ensure language is consist with SMPA business objectives Collaborate with internal stakeholders to help track and monitor the bid lifecycle and develop and report on key metrics. Maintain summary reports of key terms and discount rates in bid and contract history to date Support SOW and PO generation related to “buy” side contracts using SMPA’s proprietary contract management tool, and support Strategic Pricing & Contracting’s budget monitoring Assist in tracking and reporting membership alignment to Group Purchasing Organization contracts Assist in other duties as assigned, including but not limited to supporting internal and external audits, ensuring pricing governance approvals are properly documented, and helping ensure Pricing & Contracting compliance with SMPA policies and procedures. The base salary range for this role is $131,360 to $164,200. Base salary is part of our total rewards package which also includes the opportunity for merit-based salary increases, short incentive plan participation, eligibility for our 401(k) plan, medical, dental, vision, life and disability insurances and leaves provided in line with your work state. Our robust time-off policy includes flexible paid time off, 11 paid holidays plus additional time off for a shut-down period during the last week of December, 80 hours of paid sick time upon hire and each year thereafter. Total compensation, including base salary to be offered, will depend on elements unique to each candidate, including candidate experience, skills, education and other factors permitted by law. Disclaimer: The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed. Confidential Data: All information (written, verbal, electronic, etc.) that an employee encounters is considered confidential. Compliance: Achieve and maintain Compliance with all applicable regulatory, legal and operational rules and procedures, by ensuring that all plans and activities for and on behalf of Sumitomo Pharma America (SMPA) and affiliates are carried out with the "best" industry practices and the highest ethical standards. It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability. Mental/Physical Requirements: Fast paced environment handling multiple demands. Must be able to exercise appropriate judgment as necessary. Requires a high level of initiative and independence. Excellent written and oral communication skills required. Requires ability to use a personal computer for extended periods of time. Sumitomo Pharma America (SMPA) is an Equal Employment Opportunity (EEO) employer Qualified applicants will receive consideration for employment without regard to race; color; creed; religion; national origin; age; ancestry; nationality; marital, domestic partnership or civil union status; sex, gender; affectional or sexual orientation; disability; veteran or military status or liability for military status; domestic violence victim status; atypical cellular or blood trait; genetic information (including the refusal to submit to genetic testing) or any other characteristic protected by law. Sumitomo Pharma Co., Ltd., is a global pharmaceutical company based in Japan with operations in the U.S. (Sumitomo Pharma America, Inc.), focused on addressing patient needs in oncology, urology, women's health, rare diseases, cell & gene therapies and CNS. With several marketed products and a diverse pipeline of early- to late-stage investigational assets, we aim to accelerate discovery, research, and development to bring novel therapies to patients sooner. For more information on SMPA, visit our website https://www.us.sumitomo-pharma.com or follow us on LinkedIn. Sumitomo Pharma America (SMPA) endeavors to make its application process accessible to all. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact SMPA at reasonableaccomodations@us.sumitomo-pharma.com This contact information is for accommodation requests only and cannot be used to inquire about the status of applications. At Sumitomo Pharma America, our work is guided by the Sumitomo Pharma mission, vision and values, which tie closely to our company’s cultural pillars. Our Mission To broadly contribute to society through value creation based on innovative research and development activities for the betterment of healthcare and fuller lives of people worldwide Our Vision For Longer and Healthier Lives, we unlock the future with cutting edge technology and ideas

Responsibilities

Manage and administer contracts with various payers and healthcare entities, ensuring compliance with SMPA policies. Support the entire contract lifecycle and assist in monitoring the bid cycle and reporting contract history.