Job Description

We Are Teva

We’re Teva, a leading innovative biopharmaceutical company, enabled by a world-class generics business. Whether it’s innovating in the fields of neuroscience and immunology or delivering high-quality medicine worldwide, we’re dedicated to addressing patients’ needs now and in the future. Here, you will be part of a high-performing, inclusive culture that values fresh thinking and collaboration. You'll have the room to grow, the flexibility to balance life with work, and the opportunity to better health worldwide, together.

Our Team, Your Impact

Join our rapidly expanding Strategic Contracting Unit within Value & Access and be at the forefront of a dynamic market. You'll directly influence patient access to both groundbreaking innovative therapies and cost-effective biosimilars, crafting cutting-edge contracting strategies that navigate a complex landscape. This is your chance to leverage your expertise, drive impactful agreements, and contribute to a team that's defining the next generation of pharmaceutical access in a high-growth environment.

The Associate Director, Managed Care Payer Contracting plays a pivotal role in supporting the development, drafting, negotiation, and management of contractual agreements with payers, PBMs, and other market access stakeholders. This position ensures contract strategy aligns with organizational goals and compliance standards, facilitating appropriate patient access to therapies through well-structured, risk-appropriate contractual arrangement. The role combines strategic analysis, legal insight, and cross-functional collaboration to optimize payer relationships and business outcomes. This position will support Teva’s Innovative and Biosimilar product portfolio.

Location: The selected candidate will ideally work a hybrid schedule (2-3 days/week onsite) in either our Parsippany, NJ or West Chester, PA office. However, we may consider remote flexible arrangements where it’s deemed necessary due to a candidate’s location. If remote, occasional travel into one of our offices will be required on an as-needed basis.

How You’ll Spend Your Day

All areas of responsibility listed below are essential to the satisfactory performance of this position by any incumbents with reasonable accommodation if necessary. Any non-essential functions are assumed to be included in other related duties or assignments.

Contract Strategy and Development:

• Collaborate with Account Management, Payer Contracting Analytics, Payer Marketing, Legal, Finance, Compliance, and Commercial teams to develop payer contracting strategies as aligned with Teva’s business objectives
• Interpret business goals and translate them into clear, actionable contract language that appropriately captures all parties’ intent

Authoring and Drafting:

• Author and manage the lifecycle of National pharmacy and medical benefit payer contracts, including Commercial, Medicare and Managed Medicaid
• Assess contract language risks and opportunities along with mitigation strategies, as appropriate, with a proactive and forward-thinking view
• Draft language that reflects negotiated terms and ensures legal and regulatory compliance
• Create and maintain contract templates, playbooks and clause libraries

Review and Negotiation Support:

• Work closely with Legal and Compliance teams to review terms and address legal risk
• Support and/or lead negotiations with payers and GPOs/PBMs where appropriate in collaboration with Account Management
• Coordinate redlines and counterproposals during the contract negotiation process

Process Improvement and Governance:

• Manage RFP and bid process for assigned accounts to meet required internal and external timelines
• Lead Teva’s contract approval process to ensure organizational awareness and Leadership alignment
• Optimize and standardize contract workflows, tools, and documentation practices
• Ensure contracts are executed and stored per internal governance and audit requirements
• Maintain knowledge of relevant laws, regulations, and industry best practices

Cross-Functional Collaboration:

• Serve as the liaison between internal teams and external partners to ensure alignment and successful contract implementation with key stakeholders, including Finance, Operations and Pricing
• Partner with Payer Contracting Analytics, Finance and Compliance to ensure key contract changes impacting financials are captured for accrual and business planning purposes
• Support Finance and Contract Compliance teams on audits, payment reconciliation and disputes, as necessary
• Lead training sessions and provide guidance on contract language and interpretation from Teva’s business perspective

Your Skills and Experience

Any equivalent combination of education, training and/or experience that fulfills the requirements of the position will be considered.

Education/Certification/Experience:

• Bachelor’s degree in Business, Law, Healthcare Administration, or related field (MBA or JD or advanced degree preferred)
• Minimum 7 years of experience in payer contracting, healthcare law, or managed care agreements (pharma/biotech or health insurance industry preferred)
• Contracting experience with National GPO and PBM customers
• Proven ability to propose, draft and interpret complex and innovative contract language
• Deep understanding of commercial and government payer environments and regulations
• Proficiency in contract lifecycle management (CLM) tools and Microsoft Office Suite
• Knowledge of compliance standards including anti-kickback statute, Medicaid Best Price, and regulatory guidance related to value-based contracting

Skills/Knowledge/Abilities:

• Keen understanding of drug pricing, rebate, fee structures, formulary design, and access strategies
• Understanding of healthcare reimbursement models and benefit designs (pharmacy, medical benefit, innovative and value-based contracting, etc.), regulatory environments, and commercial and government payer dynamics
• Strong negotiation, presentation, communication, interpersonal and time management skills
• Innovative and value based contracting experience and expertise with solutions-oriented mindset
• Experience in a matrixed environment with cross-functional collaboration

Travel Requirements:

• Approximately 5 – 10% domestic travel throughout the US.

Salary Range

The annual starting salary for this position is between $156,000 – 193,000 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.

How We’ll Take Care of You

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 holidays.
• 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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Teva’s Equal Employment Opportunity Commitment

Teva Pharmaceuticals is committed to equal opportunity in employment. It is Teva's policy that equal employment opportunity be provided without regard to age, race, creed, color, religion, sex, disability, pregnancy, medical condition, genetic information, marital status, sexual orientation, gender identity or expression, ancestry, national or ethnic origin, citizenship status, military status or status as a disabled or protected veteran, or any legally recognized status entitled to protection under applicable federal, state, or local laws.

Please advise us of any accommodations needed to support you throughout the recruitment and selection process. All accommodation information provided will be treated as confidential and used only for the purpose of providing an accessible candidate experience. Request a reasonable accommodation by sending an email to AskHR@tevapharm.com with the nature of your request and your contact information. Only inquiries concerning a request for a reasonable accommodation will be responded to from this email address.

Important notice to Employment Agencies - Please Read Carefully

Teva Pharmaceuticals USA does not accept unsolicited assistance from agencies for employment opportunities.  All CVs / resumes submitted by search firms to any employee at our company without a valid written search agreement in place for this position will be deemed the sole property of our company.  No fee will be paid in the event a candidate is hired by our company as a result of an agency referral where no pre-existing agreement is in place. Where agency agreements are in place, introductions are position specific. Please, no phone calls or emails.