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The Director, Trade & Channel Strategy is responsible for developing and executing strategies to optimize a company’s distribution and access across all channels (Trade, GPO, Pharmacy). This role will have leadership responsibility for pre-launch and lifecycle management efforts in the US, including designing innovative delivery models, investment decisions ahead of launch, market entry strategies, and launch preparation. Close coordination with the Legal, Regulatory, Finance, Medical, and Compliance Leads will be required. The Director, Trade & Channel Strategy will be responsible for recommending the contracting strategies required to drive channel strategy success. Contracts may include purchase arrangements, price concessions, payment terms, service contracts, distribution restrictions and other novel strategies required to support different brands. This role would also be responsible for securing required formal approvals, across Value & Access and Brand Leadership, Legal, Finance and manage all related Pricing Committee recommendations, developing and socializing best practices to accentuate learnings while fostering an inclusive environment and advancing a culture of shared accountability. The overarching objective is to determine the optimal approach to deliver the portfolio from Supply Chain, through various channel partners, to all key points of healthcare delivery.
⦁ Primary point of contact to Brand and Value & Access Marketing partners relative to planning product launches and as necessary review of all conceptual models and final designs with appropriate internal SMEs
⦁ Collaborate with business partners within the Trade organization Account Management, Trade Operations) on the development and strategic execution of enterprise-wide distribution strategies in Wholesaler and Specialty Distribution agreements (DAs) and distributor purchase agreements (DPAs), and appropriate changes required for each new therapy and inline products⦁ In partnership with various internal and external stakeholders, design channel specific distribution models, including the selection of distributors and other service providers, pharmacy or site-of-care networks, and recommending all supportive pricing and service programs required to compliantly execute these models.
⦁ Partner with Finance/FMV (Fair Market Value) and other SMEs to ensure appropriate review and alignment have been obtained regarding financial terms prior to formal Pricing Committee reviews
⦁ Hold Brand owners accountable for their specific strategy development and adherence to established processes and procedures
⦁ Be the Single Point of Contact to Brand/Commercial Leads for Channel Distribution design and compliance
⦁ Plan, adjust, prioritize and execute strategies to achieve results.
The person hired for this role will sit out of our Parsippany, NJ office in a hyrbid environment
Any equivalent combination of education, training and/or experience that fulfills the requirements of the position will be considered.
⦁ Bachelor’s degree required; master’s degree preferred.
⦁ Minimum of 10 years of healthcare industry experience required.
⦁ Experience in engaging within the specialty distribution, specialty pharmacy space strongly preferred
⦁ Required to have experience in managing projects; collaborating with and influencing both senior management and peers
⦁ Experience in account management preferred
⦁ Must demonstrate consistent track record of achieving results across multiple dimensions
⦁ A working knowledge of how product flows through the healthcare system is required.
⦁ Required to possess effective communication skills, ability to build logical business arguments and sophistication in achieving alignment on complex issues
TRAVEL REQUIREMENTS
PHYSICAL REQUIREMENTS:
⦁ Sitting for extended periods of time at work station or mobile equipment.
Visual Acuity:
⦁ Perform activities such as computer work, preparing and analyzing data, and extensive reading.
WORKING ENVIRONMENT
⦁ May be required to wear personal protective equipment (PPE) as needed on site visits (i.e. safety glasses, hearing protection, gloves, etc.).
The annual starting salary for this position is between $184,000 – $230,000 annually. Factors which may affect starting salary within this range and level of role may include geography/market, skills, education, experience and other qualifications of the successful candidate.
We offer a competitive benefits package, including:
•Comprehensive Health Insurance: Medical, Dental, Vision, and Prescription coverage starting on the first day of employment, providing the employee enrolls.
•Retirement Savings: 401(k) with employer match, up to 6% and an annual 3.75% Defined Contribution to the 401k plan.
•Time Off: Paid Time Off including vacation, sick/safe time, caretaker time, and holiday.
• Life and Disability Protection: Company paid Life and Disability insurance.
• Additional benefits include, but are not limited to, Employee Assistance Program, Employee Stock Purchase Plan, Tuition Assistance, Flexible Spending Accounts, Health Savings Account, Life Style Spending Account, Volunteer Time Off, Paid Parental Leave, if eligible , Family Building Benefits, Virtual Physical Therapy, Accident, Critical Illness and Hospital Indemnity Insurances, Identity Theft Protection, Legal Plan, Voluntary Life Insurance and Long Term Disability and more.
The total compensation may also include restricted stock units and discretionary awards, depending on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.
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