What are the responsibilities and job description for the Pricing & Contract Specialist position at ferring?
Job Description: At Ferring Pharmaceuticals, we help people around the world build families and live better lives. We are entrepreneurial and innovative, with a global team focused on scientific advances in the areas of reproductive and women’s health, gastroenterology and urology. Ferring You is all about working together and sharing ideas, so that we can bring science to life for patients around the world. Every person at Ferring works together to change lives and help people build families. Our corporate teams offer empowering, innovative, challenging and rewarding careers – we are motivated to make a difference. To reach our full potential we collaborate, and respect and value diverse contributions so that we can grow as an organisation and as professionals. Together we can influence the world around us to make life and work better. Ferring You As a Pricing & Contract Specialist, you will support and execute pricing strategies that maximize the commercial value of current and future products. Partnering closely with Global Market Access, Commercial, Finance, Sales Operations, Legal, Procurement, and Global stakeholders, you will drive pricing governance, gross-to-net performance, and market-driven pricing decisions, while leading complex cross-functional processes related to product launches, pricing, tendering, and contracting activities. Working independently, you will provide strategic recommendations based on market, pricing, and reimbursement insights and ensure compliance through PMPRB monitoring and B2B contract management. Your day at Ferring Lead pricing and contracting activities associated, analytics, ensuring alignment with business objectives and governance requirements. PLA management and PMPRB updates, documentation and escalation of pricing decisions, business case development, and support list / net price approval process (including private, public, hospital/GPO and B2B clinics). Lead commercial evaluations, pricing discussions, and contract negotiations in partnership with Procurement, Legal, and business stakeholders, as appropriate. Oversee contract administration and vendor performance to ensure delivery against agreed scope, timelines, budget, and quality expectations. Design and implement appropriate analysis of listing agreements or deal (with pCPA, individual provinces, private payers, hospitals/GPO or other purchasers) Develop comprehensive business cases, incorporating quantitative and qualitative data for alldeals with payers. Support internal Ferring approval efforts as well as analytics for external negotiations. Well versed with IQVIA Pharmastat and similar analytics related data sources. Leads forecasting revenue and volume impact of pricing and deal scenarios, including integrating impact of deals and incorporate into broader company forecasts Maintains up to date knowledge of PMPRB regulation changes and is responsible for timely communication of implications on Ferring’s full portfolio and upcoming therapies to cross-functional teams. Ensures pricing compliance by modelling expected full year ATPs for all PMPRB DINs and identifies apparent excess revenues and develop ATP management strategy for products at risk being outside of guidelines. Conducts PMPRB post Form 2 compliance monitoring and reviews PMPRB compliance reports and reconciles any differences. Investigate any apparent sub-threshold excess revenue arising from non-price increase issues Manage projects and processes independently, exercising sound judgment in addressing complex business challenges and balancing commercial, operational, and strategic considerations. Behind our innovation…There’s you Bachelor’s degree required; advanced degree (e.g., Master’s or MBA) preferred. Advanced pricing knowledge typically gained through progressive experience in pharmaceuticals, healthcare, or life sciences. (1-3 yrs experience) Experience working with global or regional teams is an asset. Strong understanding of pharmaceutical pricing and market access principles. Experience with B2B pharma contracting will be highly valued Independently manage complex projects and cross-functional processes with limited supervision. Apply advanced knowledge of pricing, market access, contracting, and analytics to solve difficult and complex business problems. Drive continuous improvement of pricing governance, contracting practices, forecasting methodologies, and analytical capabilities Advanced analytical and problem-solving skills to address complex and ambiguous challenges. Ability to influence cross-functional stakeholders without direct authority. Strong attention to detail with a governance and compliance mindset. Clear written and verbal communication skills People come first at Ferring We value your contribution: this role offers a salary range of $110,000 – $117,000 CAD annually, complemented by a comprehensive benefits package. Get inspired from our commitment to advocate for everyone’s right to build a family, no matter who you are, where you live or who you love Our inclusive support package – “Building Families at Ferring” provides equal and accessible policies for all employees who wish to start their family journey, ensuring a global standard, irrespective of location and role. Parental leave for both birthing and non-birthing parents Extended support on family building journey Making a difference in the life of millions of people means we succeed by working together. Our diverse backgrounds, experiences, expertise, and perspectives enable us to find solutions to even the most challenging problems, and our success is tied to each team member’s contributions. Imagine the power of your career when it’s Ferring You. Behind our purpose… There’s you If our mission and your vision are aligned, please apply! We strive to build and maintain an inclusive and diverse workplace with equal opportunities and mutual respect for all employees regardless of their backgrounds and socioeconomic status. Note to agencies: this search is being managed by Ferring’s Talent Acquisition team. Kindly do not send us spontaneous profiles. Location: Ferring Canada Ferring Pharmaceuticals a privately owned, research-driven, specialty biopharmaceutical group committed to building families and helping people live better lives. We are leaders in reproductive medicine with a strong heritage in gastroenterology and urology, and are at the forefront of innovation in uro-oncology gene therapy. Ferring was founded in 1950 and employs more than 7,000 people worldwide. The company is headquartered in Saint-Prex, Switzerland, and has operating subsidiaries in more than 50 countries which market its medicines in over 100 countries. Learn more at www.ferring.com, or connect with us on LinkedIn, Instagram, YouTube, Facebook and X. At Ferring, we'll give you the tools to shape a career build on purpose. Join us and help People around the world to build families and live better lives. Click HERE to enlarge the picture. At Ferring, our focus on Patient Advocacy drives our commitment to create more equitable health outcomes for all, at every stage of their healthcare journey. We believe in everyone’s right to access the best treatment, pioneering into new therapeutic areas, and developing innovative ways to diagnose, treat and prevent diseases. Don't see the dream job you are looking for? Drop off your contact information and resume and we will reach out to you if we find the perfect fit!