Sanofi Group Deductions Specialist in Bridgewater, New Jersey
This position is primarily responsible for chargeback deduction management, product maintenance and supporting the 340B audit/recovery of ineligible 340B discounts. On an occasional basis, assistance with providing returns analysis for the Reverse Logistics team may be needed.
Chargeback deduction management involves timely analysis and resolution of chargeback deductions taken by wholesalers. Efforts should be made to resolve them within 60 days of origination to meet the Customer Invoice to Cash (CI2C) KPI measurement. Product maintenance involves adding new Sanofi, Winthrop, Genzyme and competitor products to FLEX, entering WAC price changes, managing product roll ups a/k/a market baskets and creating bundle codes.
The candidate should have basic accounting skills as well as general knowledge of the chargebacks process and contract administration functions. The specialist will work in close cooperation with Credit & Accounts Receivable, Trade Customer Support, Chargebacks, Membership and Contract Administration colleagues and outsourced personnel. The position will involve working in FLEX and SAP/SHIFT.
JOB DUTIES AND RESPONSIBILITIES:
Analyze SAP/SHIFT reports to identify open deductions.
Analyze and research open deductions in the FLEX system to determine the reason for the deduction to determine validity. Collaborate with Chargebacks, Membership or Contract Administration Specialists as needed.
Manage master EDI transmission file and work with the EDI team to resolve any potential discrepancies.
Work with Wholesalers on deductions resolution until resolved
Set up conference calls with wholesalers as part of the follow up process until deductions are resolved.
Provide write-off recommendation of invalid deductions when collection efforts have been exhausted and if Sanofi followed the terms of the ADA, create backup documentation to recoup the funds on a quarterly DPA payment deduction
Provide write-off recommendation of valid deductions that cannot be resolved through the chargeback process.
Provide monthly open deduction status update presentations to A/R and management.
Enter newly launched Sanofi, Genzyme and Winthrop NDCs and product information into FLEX. Enter NDCs for competitor products based on market basket and therapeutic class information provided by the Managed Care team, Contract Development and/or Contract Strategy.
Enter WAC prices for existing and newly launched products adhering to strict timelines in Appian. This process involves running various reports, entering data into FLEX and coordination with Finance, Trade Customer Support and Contract Management.
Entering quarterly ASP pricing in FLEX.
Daily review of FLEX vs. SAP/SHIFT WAC prices report and research/resolve mismatches.
Create bundle codes as needed and requested by Contract Administration and perform UAT in the test environment prior to moving to the production environment.
System maintenance, UAT and other projects as needed
Assistance with obtaining data from 340B entities
Processing 340B recovery funds through Appian and providing checks and reclass coding to Accounting
Run chargeback reports to support chargeback process verification and chargeback reports by submitted customer ID to verify reported 340B ineligible data.
Note: The list below is not comprehensive; this job is also responsible for other duties as assigned.
Participate in customer meetings and audits as required.
Interact with Account Managers, Trade, Accounts Receivable and Brand Team as necessary.
Support departmental projects as required.
Comply with all SOX requirements.
REQUIRED EDUCATIONAL BACKGROUND AND JOB-RELATED EXPERIENCE:
Minimum Level of Job-Related Education:
- Bachelor’s degree with a Finance or Business concentration preferred
Minimum Amount of Job-Related Experience:
Over 3 years solid work experience preferably in the pharmaceutical industry
Solid Excel skills required
RMUS and SAP/SHIFT experience preferred
Minimum Level of any Required Qualifications, Licenses, Certificates, Registrations, or any Relevant Knowledge, Job Skill or Equivalent Experience: CCP
Excellent analytical and problem-solving skills
Professional manner and tact
Strong oral and written communication skills.
Organized, accurate and detail oriented, disciplined and dedicated to superior quality work
Strong sense of commitment and teamwork
Ability to work independently
Ability to multi-task and meet established deadlines
Proficient in Microsoft Office Tools.
PHYSICAL REQUIREMENTS OF THE JOB:
This is a desk job with no specific physical requirements other than to use standard office equipment such as PC, telephone, email, fax, copy machine, etc
Sanofi Inc. and its U.S. affiliates are Equal Opportunity and Affirmative Action employers committed to a culturally diverse workforce. All qualified applicants will receive consideration for employment without regard to race; color; creed; religion; national origin; age; ancestry; nationality; marital, domestic partnership or civil union status; sex, gender, gender identity or expression; affectional or sexual orientation; disability; veteran or military status or liability for military status; domestic violence victim status; atypical cellular or blood trait; genetic information (including the refusal to submit to genetic testing) or any other characteristic protected by law.
At Sanofi diversity and inclusion is foundational to how we operate and embedded in our Core Values. We recognize to truly tap into the richness diversity brings we must lead with inclusion and have a workplace where those differences can thrive and be leveraged to empower the lives of our colleagues, patients and customers. We respect and celebrate the diversity of our people, their backgrounds and experiences and provide equal opportunity for all.