Director, Forecasting - Neuroscience

Location:

#LI-HybridThe Insights and Analytics team is dedicated to enabling improved decision making at Novartis by leveraging superior data to identify actionable insights that drive enhanced performance. We collaborate closely with the US business, bringing insights and challenging ideas to empower smarter, data-driven decision-making. Reporting into the ED Forecasting, the Director, Forecasting - Neuroscience is crucial in developing forecasts that align with brand strategies, ensuring that the organization is well-prepared to navigate market dynamics and capitalize on opportunities.

The Director, Forecasting - Neuroscience plays a pivotal role in delivering high-quality, timely insights that drive informed decision-making and strategic planning. This position plays a crucial role in supporting launch preparations, guiding teams in performance tracking, and ensuring that forecasts are both realistic and adaptable to changing conditions. This role will enable the business organization to drive optimal decisions on investments based on an accurate understanding of brand potential. This individual will work closely with the Business Performance, Decision Science, Data Science and Functional Excellence Reporting teams, ensuring accurate forecast information is disseminated to all relevant stakeholders.

This position will be located at East Hanover, NJ site and will not have the ability to be located remotely. This position will require 10% travel as defined by the business (domestic and/ or international).

Key Responsibilities:

Develop realistic, transparent, and assumption-driven demand forecasts, challenging assumptions and apply forecasting methodologies to support the brand strategyPrepare robust forecast assumptions by leveraging expertise and analogs from in-line Forecasting team and research from Insights and Analytics teamSupport launch preparations and guide the teams to set up clear post-launch performance tracking by creating and monitoring the short-term revenue forecasts, comparable to actuals in future, and recommending adjustments when applicableMaintain accountability for high quality, timely service delivery of forecasting analytic service requests, including requests for solutions requiring sophisticated statistical and machine learning approachesEnsure consistent delivery of analytics that drive informed decision-making, including the definition and development of models to be used in answering business and operational questionsDevelop new and innovative analytics models / methods for untapped opportunities, enabling the automation of routine measurementsCreate a checklist for best practices on decomposing forecasts into the granular elements at a subnational, segment level and ensure consistency with other forecast leadsCoordinate with the IC team in CE Ops to provide territory-level growth goals that aggregate up to the national levelDrive patient count requests for internal comms, external comms, and IR for all USEnsure that value assessments address the impact of key market dynamics and that internal events are logically designed and well-documentedNovartis seeks an individual with extensive experience in the pharmaceutical or healthcare industry, with a strong understanding of market dynamics and regulatory environments. A proven track record of implementing forecasting strategies and driving business outcomes through data driven insights is crucial for this role. The candidate should excel in driving quality forecasts that align closely with actual outcomes.

Essential Requirements:

A Bachelor's degree in Business Administration, Statistics, Data Science, Economics, or a related field; an MBA or advanced degree is preferredMinimum 8+years of experience in forecasting, analytics, and strategic planning, or a similar role within the pharmaceutical or healthcare industryCommitment to driving and enabling data-driven decision making throughout all levels of the organizationExperience in developing and applying various forecasting methodologies to support brand strategies and business objectives in the context of the pharmaceutical industryDemonstrated experience in fostering a culture of innovation and continuous improvement, developing new models and methods to enhance forecasting accuracy and efficiencyExperience in managing multiple projects simultaneously, ensuring timely delivery and alignment with business goalsExperience in managing relationships with key stakeholders, including senior leadership and external partnersAbility to work effectively with cross-functional teams and drive strategic initiativesExcellent verbal and written communication skills to articulate and present forecast results to key stakeholders persuasivelyStrong analytical and problem-solving skills with the ability to interpret complex data and generate actionable insightsProficiency in data analysis, statistical modeling, and machine learning techniquesAbility to thrive in a fast-paced, dynamic environment and adapt to changing business needs and priorities

Novartis Compensation Summary:

The salary for this position is expected to range between $185,500.00 and $344,500.00 per year.

The final salary offered is determined based on factors like, but not limited to, relevant skills and experience, and upon joining Novartis will be reviewed periodically. Novartis may change the published salary range based on company and market factors.

Your compensation will include a performance-based cash incentive and, depending on the level of the role, eligibility to be considered for annual equity awards.

US-based eligible employees will receive a comprehensive benefits package that includes health, life and disability benefits, a 401(k) with company contribution and match, and a variety of other benefits. In addition, employees are eligible for a generous time off package including vacation, personal days, holidays and other leaves.