Manager, Fair Market Value

#LI-HybridNovartis will not sponsor visas for this position.

Novartis is unable to offer relocation support for this role: please only apply if this location is accessible for you.

This role is required to be in our East Hanover, NJ office 3x/week.

As a Manager in the

FMV/BFSF

group, you will be managing and ensuring compliance with regulatory requirements (Centers for Medicare & Medicaid Services) and industry standards related to fair market value in the pharmaceutical sector. You will be responsible for managing the fair market value processes and policies across Novartis.

Key Responsibilities:

Conduct and manage fair market value assessments Commercial entities in the U.S. industry (e.g., Specialty Pharmacies, Wholesalers/Distributors, PBMs, GPOS, HUBs, Copay vendors, etc.)Collaborate with cross-functional teams across Finance, Market Access, Novartis Patient Services, Medical, etc. to ensure alignment in fair market value assessments and decision-making processesMaintain all fair market value Work Process Documents (WPDs) and remain in compliance with all pertinent WPDSSupport relationships with external vendors and consultants to support fair market value assessmentsMaintain and enhance processes to remain compliant with Centers for Medicare & Medicaid Services (CMS) regulations on fair market valueWork with Associate Director/Director to provide communications and conduct training as needed across the broader organization

Essential Requirements:

Bachelor's degree preferably in Finance/Accounting. Master's degree, MBA or CPA preferred4+ years of experience in finance, accounting, or economics within pharmaceutical or healthcare industryExcellent analytical skills with the ability to interpret complex data and market trends to conduct a fair market value assessmentStrong financial modelling skills: Advanced Microsoft Excel SkillsProactive mindset and ability to execute multiple assignments simultaneouslyStrong communication and interpersonal skills with the ability to collaborate with internal and external stakeholders at all levelsExperience conducting financial analysis/valuations, preferably fair market value analysis of healthcare business, compensation, and various service agreements for management planning and regulatory compliance purpose

Desirable Requirements:

Knowledge of pharmaceutical industry and its policies and regulationsExperience with commercial entities (e.g., Specialty Pharmacies, Wholesalers/Specialty Distributors, PBMs, GPOs, HUBs, Copay vendors, etc.)

Novartis Compensation and Benefit Summary:

The salary for this position is expected to range between $108,500 and $201,500 per year.

The final salary offered is determined based on factors like, but not limited to, relevant skills andexperience, 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.

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