Sr Director, Pricing & Reimbursement
Teva Pharmaceuticals, Parsippany, NJ, United States
Overview
We’re Teva, a leading innovative biopharmaceutical company, enabled by a world-class generics business. We’re dedicated to addressing patients’ needs now and in the future. You’ll be part of a high-performing, inclusive culture that values fresh thinking and collaboration, with room to grow, flexibility to balance life with work, and the opportunity to better health worldwide, together. Location: This is a hybrid position (3 days/week onsite) based in Parsippany, NJ. Your Role
The Sr. Director Pricing & Reimbursement oversees and determines strategic pricing and contracting strategies, and the tactical execution of those strategies to maximize the value of the US Innovative Medicines and Biosimilar portfolio. This person must have in‑depth knowledge of reimbursement, government pricing, and general pricing & contracting dynamics to best support the portfolio on WAC Pricing Recommendations for new products and in‑line products and Reimbursement support. This role is also responsible for compliance and operational activities as it relates to WAC Pricing and Reimbursement. The Sr. Director Brand Pricing & Administration works closely with Value & Access Strategy, Contracting, Marketing, Government Pricing, Finance, Government Affairs, Patient Services, and Legal Affairs to implement all new product pricing and price increases. Responsibilities
Assist in developing and implementing WAC pricing and contracting strategies, prepare pricing analytics to evaluate strategy alternatives, and implement those strategies that maximize the brand access and product value. Provide strategic guidance to the USBP Brand teams on pricing. Represent Value & Access on cross-functional teams relating to new product launches, product access initiatives, the financial impact of contracting, pricing activities and strategies, and evaluating the Gross-to-Net profile of business development opportunities. Provide reimbursement expertise, including how products are covered and paid for by payers under pharmacy or medical benefit, for government (Medicare B, C, D, Medicaid) or commercial insurance, and patients’ OOP costs. This includes understanding payer coverage policy criteria, government pricing (ASP, AMP, BP, 340B), and coding/payment dynamics across innovative brands, biosimilars, 505(b)(2), and generics. Oversee multiple compliance and operational activities related to Pricing and Reimbursement, including but not limited to: Pricing Committee, state pricing transparency submissions, HCPCS and Pass-Through Applications, and proposing WAC price changes for new launches or existing products. Collaborate with Government Payer Systems and Government Affairs Teams to monitor changes in healthcare regulations and policies as it relates to Pricing and Reimbursement; develop frameworks to evaluate commercial implications to patients, providers, payers, and Teva brands. Track and analyze WAC, coding and reimbursement status for Teva and competitors’ products; take action if Teva products are incorrectly listed. Collaborate with Payer Marketing and Patient Services to create tools, training, and resources regarding Pricing and Reimbursement, including Coding and Reimbursement Guides. Assess and recommend pricing packages for assets under business development evaluation. Provide strategic leadership to the Pricing & Reimbursement team, fostering a high‑performance, collaborative culture that builds talent, elevates capabilities, and drives proactive market access excellence. Lead the transformation of pricing and reimbursement processes, designing and implementing innovative, sustainable operating models that strengthen organizational readiness for evolving payer, distribution, policy, and market dynamics. Qualifications & Experience
Education/Certification/Experience Required: Bachelor’s degree required, ideally in Business, Math or Finance. Minimum of 15 years of relevant experience; preferably in the areas below: Finance, Accounting, or analytical role in related area Pharmaceutical experience in Market Access or Managed Care Pharmaceutical contracting and pricing experience Demonstrated leadership in managing high‑performing teams and optimizing key processes Also Good to Have / Experience Preferred
Microsoft Excel, analysis tools, query tools, IT support systems Extensive financial skills including an in‑depth understanding of financial statements, financial planning, and financial forecasting Experience in the Pharmaceutical or Healthcare industry, preferably payer contracting for a manufacturer, Health Plan, or PBM and exposure to Trade, Retail, GPO, Federal, and Medicaid contracting Understanding of current Pharmaceutical and Healthcare issues, including HCR, IRA, MDRP, and reimbursement Skills / Abilities
Effective oral and written communication within and across functions Keeps others informed of decisions, changes, objectives, priorities Establishes and maintains cross-functional relationships Works well in teams and is self-motivated Views self as a knowledgeable resource by customers Leads teams and models appropriate behavior Creates an environment that encourages ownership, accountability, and teamwork Sets appropriate priorities; handles large workloads and tight deadlines Solution-oriented with proficient problem-solving skills Gains cooperation and alignment; resolves conflicts Knos contract laws, rules and regulations; drafts and assists in contract negotiations Thorough understanding of Gross-to-Net Salary Range
The annual starting salary for this position is between $212,880 - $279,405 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, provided the employee enrolls. 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, caretaker time and holidays. Life and Disability Protection: Company paid Life and Disability insurance. The total compensation package may include other elements, including a sign-on bonus, restricted stock units, and discretionary awards in addition to a full range of medical, financial, and/or other benefits. Details of participation will be provided if an offer is made. EEO & Accommodations
Teva’s Equal Employment Opportunity Commitment: Teva is committed to equal opportunity in employment 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 protected status. Please advise us of any accommodations needed during recruitment and selection. Accommodations requests: disabilityassistance@tevapharm.com. This email is for accommodation requests only.
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We’re Teva, a leading innovative biopharmaceutical company, enabled by a world-class generics business. We’re dedicated to addressing patients’ needs now and in the future. You’ll be part of a high-performing, inclusive culture that values fresh thinking and collaboration, with room to grow, flexibility to balance life with work, and the opportunity to better health worldwide, together. Location: This is a hybrid position (3 days/week onsite) based in Parsippany, NJ. Your Role
The Sr. Director Pricing & Reimbursement oversees and determines strategic pricing and contracting strategies, and the tactical execution of those strategies to maximize the value of the US Innovative Medicines and Biosimilar portfolio. This person must have in‑depth knowledge of reimbursement, government pricing, and general pricing & contracting dynamics to best support the portfolio on WAC Pricing Recommendations for new products and in‑line products and Reimbursement support. This role is also responsible for compliance and operational activities as it relates to WAC Pricing and Reimbursement. The Sr. Director Brand Pricing & Administration works closely with Value & Access Strategy, Contracting, Marketing, Government Pricing, Finance, Government Affairs, Patient Services, and Legal Affairs to implement all new product pricing and price increases. Responsibilities
Assist in developing and implementing WAC pricing and contracting strategies, prepare pricing analytics to evaluate strategy alternatives, and implement those strategies that maximize the brand access and product value. Provide strategic guidance to the USBP Brand teams on pricing. Represent Value & Access on cross-functional teams relating to new product launches, product access initiatives, the financial impact of contracting, pricing activities and strategies, and evaluating the Gross-to-Net profile of business development opportunities. Provide reimbursement expertise, including how products are covered and paid for by payers under pharmacy or medical benefit, for government (Medicare B, C, D, Medicaid) or commercial insurance, and patients’ OOP costs. This includes understanding payer coverage policy criteria, government pricing (ASP, AMP, BP, 340B), and coding/payment dynamics across innovative brands, biosimilars, 505(b)(2), and generics. Oversee multiple compliance and operational activities related to Pricing and Reimbursement, including but not limited to: Pricing Committee, state pricing transparency submissions, HCPCS and Pass-Through Applications, and proposing WAC price changes for new launches or existing products. Collaborate with Government Payer Systems and Government Affairs Teams to monitor changes in healthcare regulations and policies as it relates to Pricing and Reimbursement; develop frameworks to evaluate commercial implications to patients, providers, payers, and Teva brands. Track and analyze WAC, coding and reimbursement status for Teva and competitors’ products; take action if Teva products are incorrectly listed. Collaborate with Payer Marketing and Patient Services to create tools, training, and resources regarding Pricing and Reimbursement, including Coding and Reimbursement Guides. Assess and recommend pricing packages for assets under business development evaluation. Provide strategic leadership to the Pricing & Reimbursement team, fostering a high‑performance, collaborative culture that builds talent, elevates capabilities, and drives proactive market access excellence. Lead the transformation of pricing and reimbursement processes, designing and implementing innovative, sustainable operating models that strengthen organizational readiness for evolving payer, distribution, policy, and market dynamics. Qualifications & Experience
Education/Certification/Experience Required: Bachelor’s degree required, ideally in Business, Math or Finance. Minimum of 15 years of relevant experience; preferably in the areas below: Finance, Accounting, or analytical role in related area Pharmaceutical experience in Market Access or Managed Care Pharmaceutical contracting and pricing experience Demonstrated leadership in managing high‑performing teams and optimizing key processes Also Good to Have / Experience Preferred
Microsoft Excel, analysis tools, query tools, IT support systems Extensive financial skills including an in‑depth understanding of financial statements, financial planning, and financial forecasting Experience in the Pharmaceutical or Healthcare industry, preferably payer contracting for a manufacturer, Health Plan, or PBM and exposure to Trade, Retail, GPO, Federal, and Medicaid contracting Understanding of current Pharmaceutical and Healthcare issues, including HCR, IRA, MDRP, and reimbursement Skills / Abilities
Effective oral and written communication within and across functions Keeps others informed of decisions, changes, objectives, priorities Establishes and maintains cross-functional relationships Works well in teams and is self-motivated Views self as a knowledgeable resource by customers Leads teams and models appropriate behavior Creates an environment that encourages ownership, accountability, and teamwork Sets appropriate priorities; handles large workloads and tight deadlines Solution-oriented with proficient problem-solving skills Gains cooperation and alignment; resolves conflicts Knos contract laws, rules and regulations; drafts and assists in contract negotiations Thorough understanding of Gross-to-Net Salary Range
The annual starting salary for this position is between $212,880 - $279,405 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, provided the employee enrolls. 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, caretaker time and holidays. Life and Disability Protection: Company paid Life and Disability insurance. The total compensation package may include other elements, including a sign-on bonus, restricted stock units, and discretionary awards in addition to a full range of medical, financial, and/or other benefits. Details of participation will be provided if an offer is made. EEO & Accommodations
Teva’s Equal Employment Opportunity Commitment: Teva is committed to equal opportunity in employment 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 protected status. Please advise us of any accommodations needed during recruitment and selection. Accommodations requests: disabilityassistance@tevapharm.com. This email is for accommodation requests only.
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