Reports To: Manager, Rebate Payment Operations and Reporting
Location: Richmond, VA
Indivior is a global specialty pharmaceutical company working to help change patients' lives by developing medicines to treat substance use disorders (SUD) and serious mental illnesses. The name is the blend of the words individual and endeavor, and the tagline "Focus on you" makes the company's commitment clear. It represents and empathizes with the often-difficult journey each individual patient takes to overcome the challenges of addiction and mental illness.
Indivior is dedicated to transforming addiction from a global human crisis to a recognized and treated chronic disease. Our vision is that all patients around the world will have access to evidence-based treatment for the chronic conditions and co-occurring disorders of SUD. The Indivior logo radiates its patient-focused, holistic focus on expanding access to quality treatment for addiction worldwide. Building on its global portfolio of opioid use disorder treatments, Indivior has a pipeline of product candidates designed to both expand on its heritage in this category and potentially address other chronic conditions and co-occurring disorders of SUD, including alcohol use disorder and cannabis use disorder.
POSITION SUMMARY:
The Rebate Analyst is responsible for the administration and analysis of State Medicaid and Commercial payor contracts including scrutinizing, processing, and paying rebates and analyzing quarterly utilization and rebate trends and variances.
ESSENTIAL FUNCTIONS:
Rebate Processing: Manages and collaborates with third party invoice processor to ensure invoice received per service level agreements. Maintains invoice tracker and ensures invoice submissions are accurately scrutinized to ensure correct amounts are paid in a timely manner.
Data Analysis: Develop, implement, and distribute monthly, quarterly and annual discounting reporting. Reporting to include trend analysis, outlier utilization and GTN impact of contracting strategy.
Subject Matter Expert : To continuously maintain a thorough understanding of rules and regulations impacting the rebate contracting environment.
Departmental Interface : Works cross-functionally with internal colleagues in Contracting, Account Management, Accounts Receivable/Payable, Information Systems, and Revenue Accounting.
The responsibilities of this job include, but are not limited to, the following:
Manages Government Rebates, including Medicaid Rebates (FFS and Managed Medicaid), State Supplemental, State Pharmaceutical Assistance Programs (SPAPs), Part D Coverage Gap, Tricare Refund Invoices, etc. from receipt of invoice to timely payment.
Processes Managed Care rebates, including Commercial, Part D, and Managed Medicaid.
Reviews and validates invoice detail against terms of the contract or program guidelines.
Process assigned transactions in a compliant and accurate manner in accordance with internal controls (including SOX), policies, procedures, and regulations.
Assist in resolving open disputes with states whether related to claims or statement balances. Work closely with State personnel, internal customers, and finance and rebate teams. Maintain good customer relations
Ensures timely delivery of rebate processing and provide clear and open communication to team members, customers, and account representatives.
Compile & distribute monthly, quarterly and annual sales, trend, and discounting reports to internal and external customers.
Creating and updating desk procedures and SOPs.
Responsible for maintaining an effective customer focus: communicating with and providing rebate activity and supporting documentation to external and internal customers.
Participates and/or contributes to special projects as needed.
Quarterly Medicaid rebate trend analysis.
Responsible for adhering to all company and departmental policies and procedures.
MINIMUM QUALIFICATIONS:
Education: Bachelor's Degree
Field of Study: Finance or Accounting
Experience: 2+ years of experience in pharmaceutical contracting and or related financial operations.
Travel: Occasional (up to 10%)
COMPETENCIES/CONDUCT:
In addition to the minimum qualifications, the employee will demonstrate:
Attention to Detail: Ensure information is complete and accurate; follows up with others to ensure that agreements and commitments have been fulfilled.
Passion: Evidence passion for the organization, our people, and the difference we make daily in improving the lives and health of people.
Integrity: Demonstrates the highest commitment to integrity and showing respect for and value all individuals for their diverse backgrounds, experiences, styles, approaches and ideas.
Empowerment: Finds opportunities to improve and extend their contribution to the organization and their teammates. Ability to solve problems with a variety of concrete variables through semi-standardized solutions that require some ingenuity and analysis. Ability to draw inferences and follow prescribed and detailed procedures to solve moderately complex problems. Ability to read and interpret complex business and/or technical documents. Position functions semi-autonomously. General supervision provided for new activities and projects.
Accountability: Assumes responsibility for successfully accomplishing work objectives and delivering business results; setting high standards of performance for self and others.
Creativity: Explores and advances opportunities to develop novel solutions and approaches to the improvement of processes and services.
Agility: Responds positively to change, embracing and using new practices or values to accomplish goals and solve problems. Ability to manage multiple deliverables under tight deadlines.
Communication: Must possess effective verbal and written communications skills and have excellent organization, planning, problem solving and follow-up skills.
PREFERRED QUALIFICATIONS:
Strong Excel skills
Ability to understand, analyze and handle large amounts of data
Understanding of US Government pharmaceutical pricing, contracting, related rebate administration and rebate payment processes.
Must have a high degree of analytical skills.
Experience working in mandated deadline environment.
Strong written and verbal communication skills.
High accuracy rate and attention to detail.
Ability to work with software packages, Excel (required), and Word.
BENEFITS:
Indivior is committed to providing a culture driven by guiding principles and top-tier benefits that match the importance of the work we do. The Indivior experience includes:
3 weeks' vacation plus floating holidays and sick leave
401(k) and Profit Sharing Plan- Company match of 75% on your first 6% of contributions and profit sharing contribution equal to 4% of your eligible pay
U.S. Employee Stock Purchase Plan- 15% Discount
Comprehensive Medical, Dental, Vision, Life and Disability coverage
Health, Dependent Care and Limited Purpose Flex Spending and HSA options
Adoption assistance
Tuition reimbursement
Concierge/personal assistance services
Voluntary benefits including Legal, Pet Insurance and Critical Illness coverage
Gym, fitness facility and cell phone discounts
GUIDING PRINCIPLES:
Indivior's guiding principles are the foundation for each employee's success and growth. Each employee is expected to demonstrate understanding and adherence to our guiding principles in their everyday performance.
COMPLIANCE OBLIGATIONS:
Indivior is committed to maintaining a workplace where employees are committed to compliance and feel comfortable raising concerns about potential violations of policies or unethical behaviour. As part of your responsibilities, you are expected to:
Employee Obligations:
Always act with honesty and integrity.
Risk IQ: Know what policies apply to your role and function and adhere to them.
Speak Up: If you see something, say something.
Manager Obligations:
Always act with honesty and integrity
Reinforce risk awareness with your team, with accountability and oversight for ongoing review and mitigation.
Model and reinforce a Speak Up culture on your team.
The duties and responsibilities identified in this position description are considered essential but are not limited to only those outlined. The employee may perform other functions that may be assigned. Management retains the discretion to add or change the duties of this position at any time.
