Contract Specialist
Purdue Pharma - Stamford, CT

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The primary objective of this position is to support the contract administration, contract review, redlining, return on investment analysis, and other analytical duties of assigned managed care contracts. This position will ensure contract compliance through the review, negotiation and administration of managed care contracts, and respond to customers and the Managed Care field force in a timely manner.

1. Responsible for managing contract administrative functions including but not limited to: 1) correspondence and amendments, 2) managing the contract proposal, review, execution, and amendment processes, 3) reviewing managed care business workbook, and preparing accurate and appropriate contract proposals, 4) preparing contract signatory forms for assigned agreements upon execution, and 5) responding to customers or managed care account executives on contractual questions. 2. Assist in the redlining of managed care agreements as assigned by Director of Managed Care Contracting and assisting managed care in negotiating agreements, ensuring agreements are in line with Purdue policies. 3. Assisting managed care membership group with interpreting contract language and verifying contracts are entered accurately into our CARS or ContractSphere systems with respect to contract compliance and rebate eligibility. Assist Finance rebate group in review of exclusion files and IMS contract summaries. 4. Perform return on investment analysis on managed care accounts through standard models. Ability to create ad-hoc models for those nonconventional analyses. Key metrics shall include, but not be limited to: incremental sales, profitability and share growth or decline assumptions. Collaboration with other groups shall include Finance, Market Strategies and Account Management. 5. Other projects as assigned, such as reporting, maintenance of contract databases, or creation or maintenance of working process or procedure document or manuals. 6. Position may also include responsibility to work with FAMR, Market Strategies, Managed Care and Finance to develop a return on investment analysis model for managed care contracts.

Educational Requirements Bachelor#s Degree required.

Required Experience & Technical Requirements Minimum of 4 years work experience in managed care area and/or contract review within the healthcare industry preferred. A minimum of 2 years analytical experience in contract analysis or related area. Ability to build simple to complex models to evaluate projected performance and value of contracts. Familiarity with working cross-functionally in a corporate environment. Must have high comfort level reviewing contractual language, Must be able to work under tight deadlines, with multiple stakeholders, and on multiple tasks concurrently, as well as prioritize effectively Must be able to interpret contracts and have prior negotiating experience. Must have strong understanding of contract analysis and elements that are required for return on investment measurement and what characteristics make for a good deal. Superior business writing and verbal communication skills are required.
Proficient in Outlook, MS Word (particularly document review and redlining) and MS Excel (ROI model development). Knowledge of SAP, CARS/IS, ContractSphere or other pharmaceutical contract/rebate/membership systems helpful. Market understanding or general understanding of managed care pharmaceutical contracts and the health care and or pharmaceutical industries required.

Stamford, CT

Stamford, CT

Contact Person
Cristina Pellegrini Recruiter

Purdue Pharma - 22 months ago - save job - copy to clipboard
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Purdue Pharma helps bring patients relief from pain. The company specializes in developing, manufacturing, and marketing prescription and...