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Financial Analyst

Synectics Inc.

Financial Analyst

East Hanover, NJ +1 location
Full Time
Paid
  • Responsibilities

    Job Description

    Job Description

    THIS IS A HYBRID ROLE. MUST BE LOCAL TO EAST HANOVER, NJ 07936.

    PAY: $35-$53/HR

    CONTRACT: 1 YEAR (POSSIBILITY TO EXTEND OR CONVERT)

    Description:

    • Support the IM US organization with contract preparation and the accurate and timely administration of discount agreements.
    • Contract authoring research, draft amendments, contract interpretation and system entry; validating chargebacks and membership; rebate payment adjudication.
    • Process Expert/Lead – Maintain a high degree of contract drafting accuracy.
    • Work closely with operational stakeholders to ensure seamless transition of the contract from inception to implementation.
    • Evaluate and interpret contracts to ensure correct setup of products, pricing, chargeback, and membership terms.
    • Create and maintain Indirect/Direct membership information in Model N and SAP.
    • Conduct Class of Trade research to support Government Pricing calculations.
    • Serve as subject matter expert for the department and leverage knowledge of system and chargeback/membership expertise to drive priorities, project development quality/speed, and compliance.
    • Manage and/or coordinate special projects.
    • Business Partnering - Support contract strategy feasibility discussions with IM US contract teams.
    • Demonstrate effective prioritization to ensure document turnaround times within agreed-upon timelines.
    • Partner with the Government Pricing team to ensure accurate pricing calculations.
    • Communicate with wholesalers, GPO, LTC, Specialty Groups, HIBCC, IMS, and HRSA to determine member eligibility.
    • Partner with Market Access to support the implementation of new strategies.
    • Work with teams in remote locations both inside and outside the U.S. to achieve department objectives.
    • Team Leadership/Meeting Facilitation - Conduct meetings to achieve issue resolution within the department, with internal customers, wholesalers, specialty distributors, LTC, and GPOs.
    • Maintain systems and logs to track contracts, rebate, chargebacks, and membership issues for accurate reporting to management.
    • Data Analytics/Super User: Designated resource within department to be the expert on all systems and programs.
    • Provide expertise in testing, troubleshooting, as well as identifying errors and process efficiencies.
    • Quality Assurance – Ensure adherence to all standard operating procedures and SOX requirements.
    • Ensure communication to management about identified risks to the department and organization.
    • Identify any areas for improvement and provide actionable feedback.
    • Ensure timeliness targets for contract authoring, contract entry, chargeback processing, membership maintenance, and rebate payments are achieved each month.
    • Ensure accuracy targets for contract entry, chargeback processing, membership maintenance, and rebate payments are achieved each month.
    • Ensure fulfillment of objectives and service level agreements achieved.
    • Ensure a well organized, compliant, innovative, and collaborative team environment is sustained

    Qualifications:

    • BA/BS degree or Equivalent 4-year degree required; Focus in Finance, Accounting, or Business Administration preferred.
    • Mastery of the English language (written and oral)
    • 3+ years of related experience required. Performing similar work
    • 2 years’ experience in pharmaceutical/biotech industry related experience
    • Familiarization with contract authoring, chargeback adjudication, rebate processing, membership, and contract maintenance
    • Working knowledge of class of trade and customer identifiers
    • Understanding of pharmaceutical product discount contracts with various healthcare providers
    • Proficiency in computer applications, including Microsoft Office, Outlook, and Adobe Acrobat
    • Proficiency with life science applications. Model N. Deal Management and SAP a plus
    • Demonstrate persistent follow through and ability to juggle shifting priorities with ease
    • Superior proofreading and organizational skills; detail oriented and self-directed
    • Proven ability to work independently, prioritize workload and manage competing priorities.
    • Ability to research and respond to complex customer issues with reasoned judgment
    • Strong collaboration, communication and negotiating skills
    • Strong leadership, motivation skills with ability to influence without direct responsibility
    • Strong project and process management experience
    • Results-oriented ability to deliver under tight deadlines
    • Willingness to train and coach others

    Company Description

    Synectics is one of the nation's foremost consulting firms, working with a client base that includes some of the leading institutions and Fortune 500 corporations in the United States. We seek to bring the most highly qualified professionals to assignments that they will find challenging and fulfilling. We also seek to justify our clients’ expectations that every Synectics consultant will bring the highest possible effort to their endeavors every day. Our success has depended on our consistent ability to achieve both of these goals.

    Synectics serves an extremely diverse client base which represents an equally diverse range of industries and institutions. The technologies we support have always been responsive to this extremely broad spectrum. In order to fully engage with this continually changing commercial and technological landscape, our employees must draw on their own varying interests, skills and backgrounds. This insight, reflected in our daily practices, has always been our fundamental strength as a company, and it continues to serve us well in all our efforts.
    Synectics is an Equal Opportunity Employer.

    Healthcare Insurance: Synectics offers eligible employees and their dependents healthcare coverage through BlueCross BlueShield of Illinois. Eligibility begins on the 1st day of the calendar month following 60 days of continuous full time employment with Synectics. Premiums are subsidized by Synectics.

    Dental Insurance: Synectics offers eligible employees and their dependents a dental plan through MetLife. Eligibility begins on the 1st day of the calendar month following 60 days of continuous full time employment with Synectics.

    Vision Insurance: Synectics offers eligible employees vision insurance through VSP. Eligibility begins on the 1st day of the calendar month following 60 days of continuous full time employment with Synectics.

    Technical Certification Bonus:
    Synectics is pleased to award its employees a bonus of up to $500 for an approved professional certification. In determining the bonus amount, Synectics will consider the cost of the test(s) for any certification relating to your current position, achieved during your employment with us. Only one Certification Bonus per calendar year may be awarded per employee. Only current, active employees will be eligible to receive this bonus. It will be awarded 90 days after the Synectics office has received documentation confirming the successful completion of the certification.

    Company Description

    Synectics is one of the nation's foremost consulting firms, working with a client base that includes some of the leading institutions and Fortune 500 corporations in the United States. We seek to bring the most highly qualified professionals to assignments that they will find challenging and fulfilling. We also seek to justify our clients’ expectations that every Synectics consultant will bring the highest possible effort to their endeavors every day. Our success has depended on our consistent ability to achieve both of these goals.\r\n\r\nSynectics serves an extremely diverse client base which represents an equally diverse range of industries and institutions. The technologies we support have always been responsive to this extremely broad spectrum. In order to fully engage with this continually changing commercial and technological landscape, our employees must draw on their own varying interests, skills and backgrounds. This insight, reflected in our daily practices, has always been our fundamental strength as a company, and it continues to serve us well in all our efforts.\r\nSynectics is an Equal Opportunity Employer.\r\n\r\nHealthcare Insurance: Synectics offers eligible employees and their dependents healthcare coverage through BlueCross BlueShield of Illinois. Eligibility begins on the 1st day of the calendar month following 60 days of continuous full time employment with Synectics. Premiums are subsidized by Synectics. \r\n\r\nDental Insurance: Synectics offers eligible employees and their dependents a dental plan through MetLife. Eligibility begins on the 1st day of the calendar month following 60 days of continuous full time employment with Synectics. \r\n\r\nVision Insurance: Synectics offers eligible employees vision insurance through VSP. Eligibility begins on the 1st day of the calendar month following 60 days of continuous full time employment with Synectics.\r\n\r\nTechnical Certification Bonus:\r\nSynectics is pleased to award its employees a bonus of up to $500 for an approved professional certification. In determining the bonus amount, Synectics will consider the cost of the test(s) for any certification relating to your current position, achieved during your employment with us. Only one Certification Bonus per calendar year may be awarded per employee. Only current, active employees will be eligible to receive this bonus. It will be awarded 90 days after the Synectics office has received documentation confirming the successful completion of the certification.

  • Locations
    East Hanover, NJ • Iselin, NJ