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Years of Experience
Date Last Verified
Contract Specialist/Senior Contract Specialist The candidate will be responsible for developing Managed Markets contract solutions for firm including: template development, strategy interpretation, language negotiation, approval, and execution. Will be responsible for any or all of the research, analysis, creation, and maintenance of contracts as well as the necessary reporting to the appropriate internal contacts (Contract Directors, Legal, Brand Teams, Field Sales, and Finance, etc.). Be responsible for possessing and applying in-depth knowledge of the contracting process and the downstream operational impacts to the business to the review and analysis, from a business and legal perspective, of new Managed Markets initiatives for firm products. Coordinate with little supervision through interaction with Contract Directors, Account Directors, Legal and others, following all relevant SOPs and contract approval processes, to ensure contracts and all related documents are prepared and executed accurately and in a timely manner. Have interpretation of contract strategies with regard to specific customer requirements and the application of analytical/strategic thinking to execute a contract within pre-determined parameters. Coordinating contract development through interaction with Legal, Managed Markets Operations Management, Contract Directors and others as necessary, to ensure contracts are prepared accurately and in a timely manner. Contribute to the negotiation, analysis and administration of contracts with a wide range of customers including PBMs, Health Plans, GPOs, LTC, Federal Government, and City/County/State entities. Have communication, as applicable, with these external customers to determine contract requirements and position firm to respond with high quality and timely contractual information. Developing, reviewing and analyzing contract terms and conditions and/or product schedules across the product portfolio utilizing in-depth contracting process knowledge. Collaborating with Claims Specialists on contract set up/maintenance to help ensure the accuracy of all assigned contracts, verifying that the contract in the applicable claims administration system replicates the requirements of the executed contract. Developing a very strong relationship with legal to ensure consistency and fluidity to the contract review process. Participating on cross-functional teams lending support and providing leadership, and input from a Contract Operations perspective as well as special projects as assigned by management. Proactively work closely with internal and external customers to facilitate the exchange of key information, understand and address needs, and clarify contract requirements. Meet all compliance-related requirements such as completion of mandatory training, adherence to audit controls and SOX requirements and adherence to all AZ policies, procedures, and SOPs. Manage all responsibilities above for the more difficult assignments with demonstrated knowledge, leadership and with independence exercised in planning and executing responsibilities with minimum supervision or follow up. Serve as a leader among peers and are viewed and utilized as the go-to person within their respective segment, across the department, and to internal customers. Assist in the coordination and development of new contracting strategies. Serve as a mentor to those at the Contract Specialist level, helping them to prioritize workload and understand individual customer needs and expectations.
Qualification and Experience
The candidate should preferably have Paralegal Certification from an ABA accredited institution and/or a Bachelor’s Degree in a business related field (Finance, Law, Marketing, and/or Health Care). Must preferably have 2-3 years of previous experience working in Managed Markets or the healthcare industry. In-depth knowledge of Pharmaceutical contracting processes desired. Must possess in-depth knowledge of contracting business, downstream results through contract systems and related data. Should be proficient in Microsoft office applications, specifically Word and Excel, with the ability to adapt and learn query tools and new computer applications.
Job reference: R-010945
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