Merck & Co Hiring for Director, US Federal and State Pricing Initiatives job in North Wales Full Time

Job Description

Our Market Access team monitor population demographics and develop solutions to give patients access to our medicines. We act as both educators and advocates for our products, processes, and practices that help us revolutionize how our medicines create value in society. –

Position Description:

The Director, US Federal and State Pricing Initiatives will be responsible for working with our Federal and State Policy colleagues to develop above brand strategic US pricing recommendations in light of Federal and State policy initiatives such as State Price Transparency Programs, the Inflation Reduction Act (IRA) and State Prescription Drug Affordability Boards (PDABs).-

The position will have significant opportunity to influence Federal and State pricing initiatives impacting $25B in US revenues, and will also work with Global colleagues to understand pricing and policy initiatives in the US relative to elsewhere around the globe.- The incumbent will also be responsible for ensuring a consistent and compliant approach to pricing related deliverables associated with IRA, State PDABs and State price transparency requirements.- The Director will also collaborate on development of appropriate pricing related Policy communications consistent with the developed above brand strategic pricing recommendations and work cross-functionally across the organization to ensure alignment with strategy and communications.

Primary activities would include:

• Develop forward looking above brand pricing strategy in light of recent and anticipated Federal and State policy initiatives.-
• Identify and anticipate trends and make recommendations to US senior leadership on implementation of strategic pricing/contracting focused on evolving our Company’s pricing offerings in light of these expected trends.
• Evaluate potential impact of various State/Federal pricing initiatives, understand qualitative aspects/implications of those initiatives, and develop pricing-related recommendations; understand and incorporate implications on other payer segments/Franchises; understand pricing and policy initiatives in the US relative to elsewhere around the globe, to ensure consistency with US strategy where possible and provide guidance on ex-US deliverables as appropriate.
• Manage all Federal and state pricing related IRA, transparency and Prescription Drug Affordability Board (PDAB) requests, work with Federal and State Government Affairs, Compliance and Legal to collect and appropriately describe/caveat required information.
  • Recommend appropriate Company responses and ensure compliance with all state price transparency initiatives.
  • Project manage urgent workstreams focused on upcoming Company responses/deliverables
  • Lead/participate in State Price Transparency weekly working team meetings

• Collaborate with Policy, Franchise, Finance, our Manufacturing Division , our Research & Development Division, and other colleagues as needed to ensure consistency and alignment with strategic approach
• Support creation/approval of appropriate pricing messaging for State Affairs & Federal Policy teams to influence decision making consistent with our Company’s strategy.
• Develop and implement above brand pricing guidance/principles for the US, incorporating key Federal and State policy initiatives.
• Incorporate tools and process improvements to support increasing amount of pricing related deliverables at state and federal level.
• Manage 1 Associate Director responsible for US pricing actions for in-line brands, including obtaining appropriate approvals and communicating changes internally and externally and state price transparency reporting.

Position Qualifications:

Education Minimum Requirement:

• BS degree in Marketing, Finance, Analytic disciplines, or other related degree

Required Experience and Skills:

• 3+ years experience in US pricing, market access, or pricing related role
• Experience with the US market, including understanding of various types of payers, pharmaceutical vs medical benefit, and government prices (e.g., Medicaid Best Price)
• Strong communication, consulting, and collaboration skills
• Strong analytic and problem solving skills
• Strong project management skills

Preferred Experience and Skills:

• Experience in a US Federal and/or State Policy or related role

Our Human Health Division maintains a “patient first, profits later” ideology. The organization is comprised of sales, marketing, market access, digital analytics and commercial professionals who are passionate about their role in bringing our medicines to our customers worldwide. –

Who we are …

We are known as Merck & Co., Inc., Rahway, New Jersey, USA in the United States and Canada and MSD everywhere else. For more than a century, we have been inventing for life, bringing forward medicines and vaccines for many of the world’s most challenging diseases. Today, our company continues to be at the forefront of research to deliver innovative health solutions and advance the prevention and treatment of diseases that threaten people and animals around the world.

What we look for …

Imagine getting up in the morning for a job as important as helping to save and improve lives around the world. Here, you have that opportunity. You can put your empathy, creativity, digital mastery, or scientific genius to work in collaboration with a diverse group of colleagues who pursue and bring hope to countless people who are battling some of the most challenging diseases of our time. Our team is constantly evolving, so if you are among the intellectually curious, join us-and start making your impact today.

NOTICE FOR INTERNAL APPLICANTS

In accordance with Managers’ Policy – Job Posting and Employee Placement, all employees subject to this policy are required to have a minimum of twelve (12) months of service in current position prior to applying for open positions.

If you have been offered a separation benefits package, but have not yet reached your separation date and are offered a position within the salary and geographical parameters as set forth in the Summary Plan Description (SPD) of your separation package, then you are no longer eligible for your separation benefits package. To discuss in more detail, please contact your HRBP or Talent Acquisition Advisor.

We are proud to be a company that embraces the value of bringing diverse, talented, and committed people together.-The fastest way to breakthrough innovation is when diverse ideas come together in an inclusive environment. We encourage our colleagues to respectfully challenge one another’s thinking and approach problems collectively. We are an equal opportunity employer, committed to fostering an inclusive and diverse workplace.

Residents of Colorado

Click here to request this role’s pay range.

Employees working in roles that the Company determines require routine collaboration with external stakeholders, such as customer-facing commercial, or research-based roles, will be expected to comply not only with Company policy but also with policies established by such external stakeholders (for example, a requirement to be vaccinated against COVID-19 in order to access a facility or meet with stakeholders). -Please understand that, as permitted by applicable law, if you have not been vaccinated against COVID-19 and an essential function of your job is to call on external stakeholders who require vaccination to enter their premises or engage in face-to-face meetings, then your employment may pose an undue burden to business operations, in which case you may not be offered employment, or your employment could be terminated. Please also note that, where permitted by applicable law, the Company reserves the right to require COVID-19 vaccinations for positions, such as in Global Employee Health, where the Company determines in its discretion that the nature of the role presents an increased risk of disease transmission.

Current Employees apply HERE

Current Contingent Workers apply HERE

US and Puerto Rico Residents Only:

Our company is committed to inclusion, ensuring that candidates can engage in a hiring process that exhibits their true capabilities. Please click here if you need an accommodation during the application or hiring process.

For more information about personal rights under Equal Employment Opportunity, visit:

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EEOC GINA Supplement-

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We are proud to be a company that embraces the value of bringing diverse, talented, and committed people together. The fastest way to breakthrough innovation is when diverse ideas come together in an inclusive environment. We encourage our colleagues to respectfully challenge one another’s thinking and approach problems collectively. We are an equal opportunity employer, committed to fostering an inclusive and diverse workplace.

Learn more about your rights, including under California, Colorado and other US State Acts

Search Firm Representatives Please Read Carefully-
Merck & Co., Inc., Rahway, NJ, USA, also known as Merck Sharp & Dohme LLC, Rahway, NJ, USA, does not accept unsolicited assistance from search firms 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.-

Employee Status:
Regular

Relocation:
No relocation

VISA Sponsorship:
No

Travel Requirements:
10%

Flexible Work Arrangements:
Hybrid

Shift:
1st – Day

Valid Driving License:
No

Hazardous Material(s):
n/a

Requisition ID:R237608