Associate Director, Managed Care Payer Contracting
Tevapharm, Parsippany, New Jersey, United States
Associate Director, Managed Care Payer Contracting
Date: Feb 24, 2026
Location: Parsippany, United States, New Jersey, 07054
Job Id: 66380
We Are Teva We’re Teva, a leading innovative biopharmaceutical company, enabled by a world-class generics business. Whether it’s innovating in the fields of neuroscience and immunology or delivering high-quality medicine worldwide, we’re dedicated to addressing patients’ needs now and in the future. Here, you will be part of a high-performing, inclusive culture that values fresh thinking and collaboration. You'll have the room to grow, the flexibility to balance life with work, and the opportunity to better health worldwide, together.
The opportunity Join our rapidly expanding Strategic Contracting Unit within Value & Access and be at the forefront of a dynamic market. You'll directly influence patient access to both groundbreaking innovative therapies and cost-effective biosimilars, crafting cutting-edge contracting strategies that navigate a complex landscape.
This is your chance to leverage your expertise, drive impactful agreements, and contribute to a team that's defining the next generation of pharmaceutical access in a high-growth environment.
The Associate Director, Managed Care Payer Contracting plays a pivotal role in supporting the development, drafting, negotiation, and management of contractual agreements with payers, PBMs, and other market access stakeholders. This position ensures contract strategy aligns with organizational goals and compliance standards, facilitating appropriate patient access to therapies through well-structured, risk-appropriate contractual arrangement. The role combines strategic analysis, legal insight, and cross‑functional collaboration to optimize payer relationships and business outcomes. This position will support Teva’s Innovative and Biosimilar product portfolio.
Location: This is a hybrid opportunity that can be based in Parsippany, NJ or West Chester, PA offices.
How you’ll spend your day All areas of responsibility listed below are essential to the satisfactory performance of this position by any incumbents with reasonable accommodation if necessary. Any non-essential functions are assumed to be included in other related duties or assignments.
Contract Strategy and Development:
Collaborate with Account Management, Payer Contracting Analytics, Payer Marketing, Legal, Finance, Compliance, and Commercial teams to develop payer contracting strategies as aligned with Teva’s business objectives
Interpret business goals and translate them into clear, actionable contract language that appropriately captures all parties’ intent
Authoring and Drafting:
Author and manage the lifecycle of National pharmacy and medical benefit payer contracts, including Commercial, Medicare and Managed Medicaid
Assess contract language risks and opportunities along with mitigation strategies, as appropriate, with a proactive and forward‑thinking view
Draft language that reflects negotiated terms and ensures legal and regulatory compliance
Create and maintain contract templates, playbooks and clause libraries
Review and Negotiation Support:
Work closely with Legal and Compliance teams to review terms and address legal risk
Support and/or lead negotiations with payers and GPOs/PBMs where appropriate in collaboration with Account Management
Coordinate redlines and counterproposals during the contract negotiation process
Process Improvement and Governance:
Manage RFP and bid process for assigned accounts to meet required internal and external timelines
Lead Teva’s contract approval process to ensure organizational awareness and Leadership alignment
Optimize and standardize contract workflows, tools, and documentation practices
Ensure contracts are executed and stored per internal governance and audit requirements
Maintain knowledge of relevant laws, regulations, and industry best practices
Cross‑Functional Collaboration:
Serve as the liaison between internal teams and external partners to ensure alignment and successful contract implementation with key stakeholders, including Finance, Operations and Pricing
Partner with Payer Contracting Analytics, Finance and Compliance to ensure key contract changes impacting financials are captured for accrual and business planning purposes
Support Finance and Contract Compliance teams on audits, payment reconciliation and disputes, as necessary
Lead training sessions and provide guidance on contract language and interpretation from Teva’s business perspective
Your experience and qualifications Any equivalent combination of education, training and or experience that fulfills the requirements of the position will be considered.
Education/Certification/Experience:
Bachelor’s degree in Business, Law, Healthcare Administration, or related field (MBA or JD or advanced degree preferred)
Minimum 7 years of experience in payer contracting, healthcare law, or managed care agreements (pharma/biotech or health insurance industry preferred)
Contracting experience with National GPO and PBM customers
Proven ability to propose, draft and interpret complex and innovative contract language
Deep understanding of commercial and government payer environments and regulations
Proficiency in contract lifecycle management (CLM) tools and Microsoft Office Suite
Knowledge of compliance standards including anti‑kickback statute, Medicaid Best Price, and regulatory guidance related to value‑based contracting
Skills/Knowledge/Abilities:
Keen understanding of drug pricing, rebate, fee structures, formulary design, and access strategies
Understanding of healthcare reimbursement models and benefit designs (pharmacy, medical benefit, innovative and value‑based contracting, etc.), regulatory environments, and commercial and government payer dynamics
Strong negotiation, presentation, communication, interpersonal and time management skills
Innovative and value based contracting experience and expertise with solutions‑oriented mindset
Experience in a matrixed environment with cross‑functional collaboration
Travel Requirements:
Approximately 5 – 10% domestic travel throughout the US.
Compensation Data The annual starting salary for this position is between $156,000 – $193,000 annually. Factors which may affect starting salary within this range and level of role may include geography/market, skills, education, experience and other qualifications of the successful candidate.
How We’ll Take Care of You We offer a competitive benefits package, including:
Comprehensive Health Insurance: Medical, Dental, Vision, and Prescription coverage starting on the first day of employment, providing the employeeenrolls.
Retirement Savings: 401(k) with employer match, up to 6% and an annual 3.75% Defined Contribution to the 401k plan.
Time Off: Paid Time Off including vacation, sick/safe time, caretakertimeand holidays.
Life and Disability Protection: Company paid Life and Disability insurance.
Additional benefits include, but are not limited to, Employee Assistance Program, Employee Stock Purchase Plan, Tuition Assistance, Flexible Spending Accounts, Health Savings Account, Life Style Spending Account, Volunteer Time Off, Paid Parental Leave, if eligible , Family Building Benefits, Virtual Physical Therapy, Accident, Critical Illness and Hospital Indemnity Insurances, Identity Theft Protection, Legal Plan, Voluntary Life Insurance and Long Term Disability and more.
The total compensation may also include restricted stock units and discretionary awards, depending on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.
Already Working @TEVA? If you are a current Teva employee, please apply using the internal career site available on "Employee Central". By doing so, your application will be treated with priority. You will also be able to see opportunities that are open exclusively to Teva employees. Use the following link to search and apply: Internal Career Site
The internal career site is available from your home network as well. If you have trouble accessing your EC account, please contact your local HR/IT partner.
Teva’s Equal Employment Opportunity Commitment Teva Pharmaceuticals is committed to equal opportunity in employment. It is Teva's policy that equal employment opportunity be provided without regard to age, race, creed, color, religion, sex, disability, pregnancy, medical condition, genetic information, marital status, sexual orientation, gender identity or expression, ancestry, national or ethnic origin, citizenship status, military status or status as a disabled or protected veteran, or any legally recognized status entitled to protection under applicable federal, state, or local laws.
Please advise us of any accommodations needed to support you throughout the recruitment and selection process. All accommodation information provided will be treated as confidential and used only for the purpose of providing an accessible candidate experience. Request a reasonable accommodation by sending an email to disabilityassistance@tevapharm.com with the nature of your request and your contact information. Only inquiries concerning a request for a reasonable accommodation will be responded to from this email address.
Important notice to Employment Agencies - Please Read Carefully
Teva Pharmaceuticals USA does not accept unsolicited assistance from agencies for employment opportunities. All CVs / resumes submitted by search firms to any employee at our company without a valid written search agreement in place for this position will be deemed the sole property of our company. No fee will be paid in the event a candidate is hired by our company as a result of an agency referral where no pre‑existing agreement is in place. Where agency agreements are in place, introductions are position specific. Please, no phone calls or emails.
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Location: Parsippany, United States, New Jersey, 07054
Job Id: 66380
We Are Teva We’re Teva, a leading innovative biopharmaceutical company, enabled by a world-class generics business. Whether it’s innovating in the fields of neuroscience and immunology or delivering high-quality medicine worldwide, we’re dedicated to addressing patients’ needs now and in the future. Here, you will be part of a high-performing, inclusive culture that values fresh thinking and collaboration. You'll have the room to grow, the flexibility to balance life with work, and the opportunity to better health worldwide, together.
The opportunity Join our rapidly expanding Strategic Contracting Unit within Value & Access and be at the forefront of a dynamic market. You'll directly influence patient access to both groundbreaking innovative therapies and cost-effective biosimilars, crafting cutting-edge contracting strategies that navigate a complex landscape.
This is your chance to leverage your expertise, drive impactful agreements, and contribute to a team that's defining the next generation of pharmaceutical access in a high-growth environment.
The Associate Director, Managed Care Payer Contracting plays a pivotal role in supporting the development, drafting, negotiation, and management of contractual agreements with payers, PBMs, and other market access stakeholders. This position ensures contract strategy aligns with organizational goals and compliance standards, facilitating appropriate patient access to therapies through well-structured, risk-appropriate contractual arrangement. The role combines strategic analysis, legal insight, and cross‑functional collaboration to optimize payer relationships and business outcomes. This position will support Teva’s Innovative and Biosimilar product portfolio.
Location: This is a hybrid opportunity that can be based in Parsippany, NJ or West Chester, PA offices.
How you’ll spend your day All areas of responsibility listed below are essential to the satisfactory performance of this position by any incumbents with reasonable accommodation if necessary. Any non-essential functions are assumed to be included in other related duties or assignments.
Contract Strategy and Development:
Collaborate with Account Management, Payer Contracting Analytics, Payer Marketing, Legal, Finance, Compliance, and Commercial teams to develop payer contracting strategies as aligned with Teva’s business objectives
Interpret business goals and translate them into clear, actionable contract language that appropriately captures all parties’ intent
Authoring and Drafting:
Author and manage the lifecycle of National pharmacy and medical benefit payer contracts, including Commercial, Medicare and Managed Medicaid
Assess contract language risks and opportunities along with mitigation strategies, as appropriate, with a proactive and forward‑thinking view
Draft language that reflects negotiated terms and ensures legal and regulatory compliance
Create and maintain contract templates, playbooks and clause libraries
Review and Negotiation Support:
Work closely with Legal and Compliance teams to review terms and address legal risk
Support and/or lead negotiations with payers and GPOs/PBMs where appropriate in collaboration with Account Management
Coordinate redlines and counterproposals during the contract negotiation process
Process Improvement and Governance:
Manage RFP and bid process for assigned accounts to meet required internal and external timelines
Lead Teva’s contract approval process to ensure organizational awareness and Leadership alignment
Optimize and standardize contract workflows, tools, and documentation practices
Ensure contracts are executed and stored per internal governance and audit requirements
Maintain knowledge of relevant laws, regulations, and industry best practices
Cross‑Functional Collaboration:
Serve as the liaison between internal teams and external partners to ensure alignment and successful contract implementation with key stakeholders, including Finance, Operations and Pricing
Partner with Payer Contracting Analytics, Finance and Compliance to ensure key contract changes impacting financials are captured for accrual and business planning purposes
Support Finance and Contract Compliance teams on audits, payment reconciliation and disputes, as necessary
Lead training sessions and provide guidance on contract language and interpretation from Teva’s business perspective
Your experience and qualifications Any equivalent combination of education, training and or experience that fulfills the requirements of the position will be considered.
Education/Certification/Experience:
Bachelor’s degree in Business, Law, Healthcare Administration, or related field (MBA or JD or advanced degree preferred)
Minimum 7 years of experience in payer contracting, healthcare law, or managed care agreements (pharma/biotech or health insurance industry preferred)
Contracting experience with National GPO and PBM customers
Proven ability to propose, draft and interpret complex and innovative contract language
Deep understanding of commercial and government payer environments and regulations
Proficiency in contract lifecycle management (CLM) tools and Microsoft Office Suite
Knowledge of compliance standards including anti‑kickback statute, Medicaid Best Price, and regulatory guidance related to value‑based contracting
Skills/Knowledge/Abilities:
Keen understanding of drug pricing, rebate, fee structures, formulary design, and access strategies
Understanding of healthcare reimbursement models and benefit designs (pharmacy, medical benefit, innovative and value‑based contracting, etc.), regulatory environments, and commercial and government payer dynamics
Strong negotiation, presentation, communication, interpersonal and time management skills
Innovative and value based contracting experience and expertise with solutions‑oriented mindset
Experience in a matrixed environment with cross‑functional collaboration
Travel Requirements:
Approximately 5 – 10% domestic travel throughout the US.
Compensation Data The annual starting salary for this position is between $156,000 – $193,000 annually. Factors which may affect starting salary within this range and level of role may include geography/market, skills, education, experience and other qualifications of the successful candidate.
How We’ll Take Care of You We offer a competitive benefits package, including:
Comprehensive Health Insurance: Medical, Dental, Vision, and Prescription coverage starting on the first day of employment, providing the employeeenrolls.
Retirement Savings: 401(k) with employer match, up to 6% and an annual 3.75% Defined Contribution to the 401k plan.
Time Off: Paid Time Off including vacation, sick/safe time, caretakertimeand holidays.
Life and Disability Protection: Company paid Life and Disability insurance.
Additional benefits include, but are not limited to, Employee Assistance Program, Employee Stock Purchase Plan, Tuition Assistance, Flexible Spending Accounts, Health Savings Account, Life Style Spending Account, Volunteer Time Off, Paid Parental Leave, if eligible , Family Building Benefits, Virtual Physical Therapy, Accident, Critical Illness and Hospital Indemnity Insurances, Identity Theft Protection, Legal Plan, Voluntary Life Insurance and Long Term Disability and more.
The total compensation may also include restricted stock units and discretionary awards, depending on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.
Already Working @TEVA? If you are a current Teva employee, please apply using the internal career site available on "Employee Central". By doing so, your application will be treated with priority. You will also be able to see opportunities that are open exclusively to Teva employees. Use the following link to search and apply: Internal Career Site
The internal career site is available from your home network as well. If you have trouble accessing your EC account, please contact your local HR/IT partner.
Teva’s Equal Employment Opportunity Commitment Teva Pharmaceuticals is committed to equal opportunity in employment. It is Teva's policy that equal employment opportunity be provided without regard to age, race, creed, color, religion, sex, disability, pregnancy, medical condition, genetic information, marital status, sexual orientation, gender identity or expression, ancestry, national or ethnic origin, citizenship status, military status or status as a disabled or protected veteran, or any legally recognized status entitled to protection under applicable federal, state, or local laws.
Please advise us of any accommodations needed to support you throughout the recruitment and selection process. All accommodation information provided will be treated as confidential and used only for the purpose of providing an accessible candidate experience. Request a reasonable accommodation by sending an email to disabilityassistance@tevapharm.com with the nature of your request and your contact information. Only inquiries concerning a request for a reasonable accommodation will be responded to from this email address.
Important notice to Employment Agencies - Please Read Carefully
Teva Pharmaceuticals USA does not accept unsolicited assistance from agencies for employment opportunities. All CVs / resumes submitted by search firms to any employee at our company without a valid written search agreement in place for this position will be deemed the sole property of our company. No fee will be paid in the event a candidate is hired by our company as a result of an agency referral where no pre‑existing agreement is in place. Where agency agreements are in place, introductions are position specific. Please, no phone calls or emails.
#J-18808-Ljbffr