Would you like to join an international team working to improve the future of healthcare? Do you want to enhance the lives of millions of people? Grifols is a global healthcare company that since 1909 has been working to improve the health and well-being of people around the world. We are leaders in plasma-derived medicines and transfusion medicine and develop, produce and market innovative medicines, solutions and services in more than 110 countries and regions.
Summary:
The Commercial Contract and Rebate Specialist II reports to the Manager, Commercial Contract Operations and will support the overall Contract Administration activities for the North America Bioscience division. This individual will be responsible for the day-to-day ownership of post signature activities including monitoring conformity to contract requirements, processing financial obligations within approved guidelines, data management, deduction and dispute resolution, and managing customer relationships
Primary Responsibilities:
Position will be a key contributor to the monthly and quarterly payment cycle and will hold a significant portion of the ($1B+) rebates/fees processing responsibility.
1. Responsible for thorough review of all contracts linked to financial obligations (i.e. rebates, fees) and ensuring compliance with regulations set forth by Grifols
2. Maintain copies of the contracts and any changes that take effect and work with the Contracts department to make sure Model N CARS Flex is updated timely and properly
3. Compile and analyze contract sales data from multiple sources and verify completeness and accuracy of data set
4. Perform the calculation and processing of all contract related rebates and fees, including the monitoring of related price groups in Model N CARS Flex to ensure accurate and timely payments in accordance with signed contracts
5. Maintain documentation related to rebate or fee payouts and communicate relevant information to internal and external parties
6. Understand cause and effect relationships related to contract changes within the Model N CARS Flex system
7. Propose actionable solutions to rebate/chargeback issues and find efficiencies in rebate/chargeback processing
8. Ability to identify issues with accounts that could lead to revenue leakage and notify management while providing potential solutions to resolve issues
9. Responsible for the month-end closing process for gross to net (GTN) accounting to ensure all GTN reserves are accurate, including maintenance of accrual rates, account analysis, and journal entries
10. Develop and maintain rebate databases to report key business metrics, rebate payments, trends, and other performance criteria to management
11. Recommend and develop policies and procedures related to rebate or fee business administration to ensure efficiency and accuracy of operations
12. Assist with quarterly and annual internal and external audit requests
13. Partner with external and internal customers in terms of daily operations, assistance and support
14. May serve as back up support to Chargeback Analyst
15. Other ad hoc financial analyses and / or projects as required and assigned
Knowledge and Skills:
- Familiarized with gross to net accounting subject matter
- Experienced working with Revenue Management Systems (Revitas or Model N) & Business Intelligence (BI)
- Strong capabilities in Microsoft Office (Word, Excel, Power Point)
- Excellent analytical and problem-solving skills
- Strong verbal, written and interpersonal skills with an emphasis on time management and follow-through skills
- Ability to operate independently and remain focused in a dynamic work environment
- Extensive knowledge of financial calculations and analysis, reporting and forecasting methodologies
Education:
Bachelor’s Degree in Finance, Accounting or other quantitative disciplines
Minimum 5 years of Finance, Accounting, or other closely related experience is required. Experience with contracts and rebates is a plus.
Equivalency:
Depending on the area of assignment, directly related experience or a combination of directly related education and experience and/or competencies may be considered in place of the stated requirements
Third Party Agency and Recruiter Notice:
Agencies that present a candidate to Grifols must have an active, nonexpired, Grifols Agency Master Services Agreement with the Grifols Talent Acquisition Department. Additionally, agencies may only submit candidates to positions that they have been engaged to work on by a Grifols Recruiter. All resumes must be sent to a Grifols Recruiter under these terms or they will be considered a Grifols candidate.
Grifols provides equal employment opportunities to applicants and employees without regard to race; color; sex; gender identity; sexual orientation; religious practices and observances; national origin; pregnancy, childbirth, or related medical conditions; status as a protected veteran or spouse/family member of a protected veteran; or disability. We will consider for employment all qualified applicants in a manner consistent with the requirements of all applicable laws.
Location: NORTH AMERICA : USA : CA-Los Angeles:US401 - LA CA-Headquarters
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