Associate director

Job Description

General Summary:

The Operations, Pricing & Analytics Associate Director leads sophisticated analyses, develops financial models, and generates insights to address strategic questions, business cases and government policy changes for a portfolio of commercial assets.

Key Duties and Responsibilities:

• Builds, improves, and manages best-in-class models (i.e; GTN forecast) for commercial assets in the Vertex portfolio

• Generates insights and leads complex analyses to address strategic questions, business cases, government policy changes in the industry and innovative reimbursement approaches such as value-based agreements throughout product lifecycle

• Provides a high degree of support for the monthly and annual forecasting process, focusing on the current year and the following year, and project net revenue by modeling numerous underlying GTN drivers, ensuring quality of output and recommendations, as well as timeliness and business relevance of decision support deliverables

• Delivers robust quantitative forecast assessments of managed care segment discount mix with clear articulation of the key drivers, sensitivities, risks, and opportunities and materials for quarterly earnings calls

• Provides support for the annual long-range planning (LRP) process, which plays a key role in strategic and tactical planning. The LRP process requires substantial cross-functional collaboration to collect and integrate inputs, across all current and future markets

• Integrates relevant pricing and utilization data and information from various sources and databases to develop business case analysis, reporting, scorecards, etc.

• Works collaboratively with stakeholders including but not limited to Market Access, Public Affairs, Commercial Legal, US Sales & Marketing, Global Pricing & Market Access, FP&A, Commercial Sales Operations and Forecasting, Accounting, etc. to ensure transparency and collaboration across key decisions

Knowledge and Skills:

• Prior experience in developing short and long term commercial forecasts, GTN models, pricing and contracting break-even analysis

• Excellent working knowledge of the evolving pricing & reimbursement dynamics and health system environment for specialty, rare and transformative therapies, such as cell and gene therapy

• Track record of producing insights and analysis based on Government Pricing (i.e; Medicaid, Medicare, 340B) data sets and communicating impacts and sensitivity analysis to senior management

• Demonstrated understanding of contracting with PBMs, trade & distribution partners and strategies for value-driven pricing and reimbursements

• Working knowledge and familiarity of syndicated Market Access databases (IQVIA, MMIT etc.)

• Exposure and understanding of financial systems (such as Oracle, Hyperion, SAP etc.)

• Experienced in complex Excel modeling and executing on PowerPoint presentations for senior management

• Proficient in analyzing large data sets such as transactional or claims data, using a statistical analysis software package (e.g., SAS or equivalent) or SQL interface

• Strong analytical and business acumen: intellectual curiosity, motivation, and ability to structure problems, diagnose issues and triangulate with multiple approaches while keeping sight of the “big picture”

• Excellent communication and presentation skills to influence and collaborate with a diverse stakeholder community to achieve actionable and timely results, through establishing strong and sustainable relationships

Education and Experience:

• Bachelor’s degree in a quantitative discipline required (e.g., Engineering, Statistics, Economics, Finance).

• Typically requires 8 years of progressive experience in forecasting, market access or finance or the equivalent combination of education and experience

Pay Range:

Disclosure Statement:

The range provided is based on what we believe is a reasonable estimate for the base salary pay range for this job at the time of posting. This role is eligible for an annual bonus and annual equity awards. Some roles may also be eligible for overtime pay, in accordance with federal and state requirements. Actual base salary pay will be based on a number of factors, including skills, competencies, experience, and other job-related factors permitted by law.

At Vertex, our Total Rewards offerings also include inclusive market-leading benefits to meet our employees wherever they are in their career, financial, family and wellbeing journey while providing flexibility and resources to support their growth and aspirations. From medical, dental and vision benefits to generous paid time off (including a week-long company shutdown in the Summer and the Winter), educational assistance programs including student loan repayment, a generous commuting subsidy, matching charitable donations, 401(k) and so much more.

Flex Designation:

Flex Eligibility Status:

In this Hybrid-Eligible role, you can choose to be designated as:
1. Hybrid : work remotely up to two days per week; or select
2. On-Site : work five days per week on-site with ad hoc flexibility.

Note: The Flex status for this position is subject to Vertex’s Policy on Flex @ Vertex Program and may be changed at any time.

#LI-Hybrid

Company Information

Vertex is a global biotechnology company that invests in scientific innovation.

Vertex is committed to equal employment opportunity and non-discrimination for all employees and qualified applicants without regard to a person's race, color, sex, gender identity or expression, age, religion, national origin, ancestry, ethnicity, disability, veteran status, genetic information, sexual orientation, marital status, or any characteristic protected under applicable law. Vertex is an E-Verify Employer in the United States. Vertex will make reasonable accommodations for qualified individuals with known disabilities, in accordance with applicable law.

Any applicant requiring an accommodation in connection with the hiring process and/or to perform the essential functions of the position for which the applicant has applied should make a request to the recruiter or hiring manager, or contact Talent Acquisition at [email protected]