Johnson & Johnson Innovative Medicine is recruiting for a Senior Financial Analyst, Government Contract Compliance Finance. This position is based in Titusville, New Jersey. This role offers the flexibility of a hybrid working schedule, with 3 days in the office and 2 days remote each week.
At Johnson & Johnson, we believe health is everything. Our strength in healthcare innovation empowers us to build a world where complex diseases are prevented, treated, and cured, where treatments are smarter and less invasive, and solutions are personal. Through our expertise in Innovative Medicine and MedTech, we are uniquely positioned to innovate across the full spectrum of healthcare solutions today to deliver the breakthroughs of tomorrow, and profoundly impact health for humanity. Learn more at https://www.jnj.com/.
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For more than 130 years, diversity, equity & inclusion (DEI) has been a part of our cultural fabric at Johnson & Johnson and woven into how we do business every day. Rooted in Our Credo, the values of DEI fuel our pursuit to create a healthier, more equitable world. Our diverse workforce and culture of belonging accelerate innovation to solve the world's most pressing healthcare challenges.
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At J&J Innovative Medicine, what matters most is helping people live full and healthy lives. We focus on treating, curing, and preventing some of the most devastating and complex diseases of our time. And we pursue the most promising science, wherever it might be found.
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Join us in developing treatments, finding cures, and pioneering the path from lab to life while championing patients every step of the way. Learn more at https://www.jnj.com/innovative-medicine
This position will be accountable for supporting the Johnson & Johnson Government Contract Compliance (GCC) team that is part of Innovative Medicine US Commercial Finance. This role will build skills to understand and ensure compliance to applicable government policies and internal procedures when performing Government Pricing and State Price Transparency Reporting. Additionally, this role will partner with Gross-to-Net (GTN) during the forecast cycles to provide handoffs related to the Medicaid, Medicare, Federal Supply Schedule & 340B Programs for supported Brands. This position will also collaborate closely with Pricing Strategy Finance as well as the Strategic Customer Group (SCG), Legal, and other groups to assess and present the impact of various contracting strategies on government pricing and government compliance and state reporting requirements, ensuring appropriate treatment.
Responsibilities:
• Complete state price transparency reporting that requires review/interpretation of pending/enacted bills, cross-functional collaboration to collect highly confidential data, align with Legal and other business partners, obtain necessary approvals, compliantly document, and submit unique requirements of each state.
• Perform government-mandated calculations and refiles (Medicaid - AMP, BP, Medicare - ASP, 340B, FSS - NFAMP, FCP, etc.) for specific Brands. This involves understanding government pricing policies, analyzing and interpreting data trends to comment on and ensure that variances in the calculation results from month to month, quarter to quarter, or versus WAC are appropriate.
- Forecast government prices and communicate significant government pricing calculation variances with potential impact to GTN.
- Review Contract Pricing Committee (CPC) pricing strategies and present GCC impact at CPC meetings for supported Brands from a government pricing perspective and coordinate operational implementation efforts within various groups in SCG to ensure government pricing compliance.
- Lead ad hoc assessments of government pricing and contract compliance impact for various business requests including government voluntary pricing offers (e.g., subceiling, VA temporary voluntary price, Medicaid supplemental, ASP bio-similar analysis, combined product offers, value-based purchasing offers, etc.).
- Support new product launches and lead in the establishment of product offers and contract prices for government channels collaborating with various SCG business partners and JJHCS Government Contracting Managers.
- Support ongoing FSS contract maintenance by ensuring compliance to government requirements, such as timely reporting of changes in tracking customer pricing, price reduction triggers, new product additions, deletion of old products, etc.
- Follow and support maintenance of overall GCC compliance documentation ensuring Standard Operating Procedures, Work Instructions, Reasonable Assumptions, Treatment Documents and other calculation files are updated, relevant with key controls. Lead government pricing treatment or pricing escalation discussions with legal when applicable.
Qualifications
Education:
- A minimum of a bachelor's degree required; Accounting or Finance degree preferred.
- MBA, CPA, CMA, or other financial certifications preferred
Experience / Skills:
- A minimum of 3 years finance or related business experience is required.
- Intermediate to advanced Excel skills to include pivot tables, VLOOKUPS, and formulas are required.
- The ability to create and deliver PowerPoint presentations to various levels of the organization, including leadership is required.
- Must possess excellent analytical, presentation, communication, and interpersonal skills, required.
- Must work well to meet deadlines in a fast-paced, dynamic, team environment and be able to recommend and implement process improvements, work independently, and handle multiple tasks simultaneously, required.
- Ability to effectively take on leadership roles in various functions is required.
- This area is complex and will require a person who can learn quickly, required.
- Experience in public accounting, pharmaceuticals, managed care, or government healthcare programs (Medicaid, 340B, etc.) are strongly preferred.
- This position will be located in Titusville, NJ and may require up to 5% domestic travel
The base pay range for this position is $76,000 - $121,900
The Company maintains highly competitive, performance-based compensation programs. Under current guidelines, this position is eligible for an annual performance bonus in accordance with the terms of the applicable plan. The annual performance bonus is a cash bonus intended to provide an incentive to achieve annual targeted results by rewarding for individual and the corporation's performance over a calendar/performance year. Bonuses are awarded at the Company's discretion on an individual basis.
Employees and/or eligible dependents may be eligible to participate in the following Company sponsored employee benefit programs: medical, dental, vision, life insurance, short- and long-term disability, business accident insurance, and group legal insurance.
Employees may be eligible to participate in the Company's consolidated retirement plan (pension) and savings plan (401(k)).
Employees are eligible for the following time off benefits:
Vacation - up to 120 hours per calendar year
Sick time - up to 40 hours per calendar year
Holiday pay, including Floating Holidays - up to 13 days per calendar year of Work, Personal and Family Time - up to 40 hours per calendar year
Additional information can be found through the link below. https://www.careers.jnj.com/employee-benefits
Johnson & Johnson is an Affirmative Action and Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, age, national origin, or protected veteran status and will not be discriminated against on the basis of disability.