Rebate Associate, Commercial Contracts

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Job Description

Rebate Associate, Commercial Contracts

Cambridge, MA

Hybrid

OBJECTIVES/PURPOSE

• Perform calculations and generate payments in compliance with executed reimbursement Agreements and maintain all assigned account responsibilities. 
• Assist in the identification and development of information and process requirements.  Consult with managers and key stakeholders to make well-informed decisions, drive process improvement and other initiatives.  Provide support for data governance, business process management, and assist in the performance and maintenance of controls, data quality, and accuracy.      
• Understand business and operational strategies and processes, respond to data requests with appropriate information and analysis.  Respond to routine business, systems, and data questions, and assist the team with problem resolution.  Assist as needed with routine variance analysis to ensure data completeness and payment accuracy.  Conduct research and provide training and guidance as needed.
• Provide support for the management and coordination of data and information resources.  Maintain an inventory of policy, procedure, training, and other documentation.  Support the development of standard reporting and other metrics as required.  Support all compliance and audit reviews.
• Coordinate resources to support for cross-functional projects and activities.    

ACCOUNTABILITIES

• Perform all the functions required for the management and administration of assigned accounts. Ensures all pertinent contract attributes are properly translated into the correct contract set-up in the rebate payment system.  Ensures the accuracy, integrity, and timeliness of all payments for Commercial and Medicare Part D contracted customers, including rebates, fees and chargebacks.  This process includes the interpretation and translation of contract language, ensuring formulary/benefit compliance, data validation and rebate calculations.  Adhere to all audit requirements and any/all reporting regulations as defined within Takeda’s policies and guidelines related to rebate processing.
• Gain a thorough understanding of contract terms and requirements and respond to non-routine questions and data problems.  Coordinate with internal teams to bring all issues to a satisfactory resolution.
• Gather Payer claim level data files, reconcile Payer invoices and perform detailed payment analysis to ensure contract compliance and rebate payment accuracy.  GPO roster reconciliation, GPO sales volume reconciliation, run superlist performance reports, and calculate rebates. Maintain trading partners and process rebates and fees within ModelN FLEX revenue management system for both Payer and GPO contracts. Support data requests from US OBU Patient Value & Access field team, Distribution, Data Stewards, and IT, as well as external parties including Payers and GPOs.  
• Supports all Commercial and Medicare Part D internal/external audits by preparing and providing the necessary documentation to Director, Commercial Contracting Operations
• Assists with the implementation of system and/or process improvements to develop more efficient business processes. Provide production support testing of new system enhancements, defects or new programs.  Performs all system user acceptance testing for any systems that support the rebate payment process. This also includes working with IT on updating test scripts.
• Assists Commercial Contracting Managers with updating rebate training manual and other supporting materials (i.e., quality control checklists).

EDUCATION, COMPETENCIES:

• Bachelor’s degree or 4 years contracts and pricing experience required.
• 5-years of business with 2-years of rebate processing experience in the pharmaceutical industry required.
• Ability to think through how decisions will impact Takeda, customer and stakeholders prior to execution. 
• Strong critical thinking and problem solving skills.
• Strong verbal and written communication skills.
• Must demonstrate excellent organization and time-management skills.
• Ability to handle multiple projects and tasks in a matrix environment.

What Takeda can offer you:

• Comprehensive Healthcare: Medical, Dental, and Vision
• Financial Planning & Stability: 401(k) with company match and Annual Retirement Contribution Plan
• Health & Wellness programs including onsite flu shots and health screenings
• Generous time off for vacation and the option to purchase additional vacation days
• Community Outreach Programs and company match of charitable contributions
• Family Planning Support
• Flexible Ways of Working
• Tuition reimbursement

More about us:

At Takeda, we are transforming patient care through the development of novel specialty pharmaceuticals and best in class patient support programs. Takeda is a patient-focused company that will inspire and empower you to grow through life-changing work.

Certified as a Global Top Employer, Takeda offers stimulating careers, encourages innovation, and strives for excellence in everything we do. We foster an inclusive, collaborative workplace, in which our teams are united by an unwavering commitment to deliver Better Health and a Brighter Future to people around the world.

This position is currently classified as "hybrid" in accordance with Takeda's Hybrid and Remote Work policy.

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Takeda Compensation and Benefits Summary

We understand compensation is an important factor as you consider the next step in your career. We are committed to equitable pay for all employees, and we strive to be more transparent with our pay practices. 

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EEO Statement

Takeda is proud in its commitment to creating a diverse workforce and providing equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, gender expression, parental status, national origin, age, disability, citizenship status, genetic information or characteristics, marital status, status as a Vietnam era veteran, special disabled veteran, or other protected veteran in accordance with applicable federal, state and local laws, and any other characteristic protected by law.

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Job Exempt