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

The primary role of the Sr. Director Pricing & Reimbursement is to oversee and determine strategic pricing and contracting strategies, and the tactical execution of those strategies to maximize the value of the US Innovative Medicines and Biosimilar portfolio. This person must have in-depth knowledge of reimbursement, government pricing, and general pricing & contracting dynamics to best support the portfolio on WAC Pricing Recommendations for new products and in-line products and Reimbursement support. This role is also responsible for compliance and operational activities as it relates to WAC Pricing and Reimbursement. The Sr. Director Brand Pricing & Administration works closely with Value & Access Strategy, Contracting, Marketing, Government Pricing, Finance, Government Affairs, Patient Services, and Legal Affairs to implement all new product pricing and price increases.

Location: This is a hybrid position (3 days/week onsite) based in Parsippany, NJ.

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.

• Assist in developing and implementing WAC pricing and contracting strategies, prepare pricing analytics to evaluate strategy alternatives, and implement those strategies that maximize the brand access and product value. Provide strategic guidance to the USBP Brand teams on pricing.

• Represent Value & Access on cross-functional teams relating to new product launches, product access initiatives, the financial impact of contracting, pricing activities and strategies, and evaluating the Gross-to-Net profile of business development opportunities.

• Provides reimbursement expertise, defined broadly to include how products are covered and paid for by payers under pharmacy or medical benefit, for government (Medicare B, C, D, Medicaid) or commercial insurance, and patients’ OOP costs. This includes understanding payer coverage policy criteria, understanding government pricing (ASP, AMP, BP, 340B), and coding/payment dynamics across innovative brands, biosimilars, 505(b)(2), and generics.
• Responsible for multiple compliance and operational activities related to Pricing and Reimbursement including but not limited to:

• • Pricing Committee
  • State pricing transparency submissions
  • HCPCS and Pass-Through Applications

• Proposes WAC Price for new product launches and proposes WAC changes (increase or decrease) on existing products by continuously monitoring brand activity, competitive activity, and market conditions including but not limited to government pricing considerations.

• In collaboration with Government Payer Systems and Government Affairs Teams, monitors changes and proposals in healthcare regulations and policies as it relates to Pricing and Reimbursement; and develops frameworks to evaluate the commercial implications to patients, providers, payers, and Teva brands.

• Track and analyze WAC, coding and reimbursement status for Teva and competitors’ products, including WAC price changes, CMS updates to HCPCS codes, pass-through status, ASP, and SAD list. Take action if/when Teva products are incorrectly listed.

• Collaborate with Payer Marketing and Patient Services to create tools, training, and resources regarding Pricing and Reimbursement, including but not limited to Coding and Reimbursement Guides.

• Assess and recommend pricing packages for assets under business development evaluation

• Provide strategic leadership to the Pricing & Reimbursement team, fostering a high‑performance, collaborative culture that builds talent, elevates capabilities, and drives proactive market access excellence.

• Lead the transformation of pricing and reimbursement processes, designing and implementing innovative, sustainable operating models that strengthen organizational readiness for evolving payer, distribution, policy, and market dynamics.

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 required:

• Bachelor’s degree required, ideally in Business, Math or Finance
• Minimum of 15 years of relevant experience required; preferably in the areas below:
• Finance, Accounting, or analytical role in related Area
• Pharmaceutical experience in Market Access or Managed Care
• Pharmaceutical contracting and pricing experience
• Demonstrated leadership in managing high‑performing teams and optimizing key processes.

Also Good to Have

Experience preferred:

• Microsoft Excel, analysis tools, query tools, IT support systems
• Extensive financial skills including an in-depth understanding of financial statements, financial planning, and financial forecasting.
• Experience in the Pharmaceutical or Healthcare industry, preferably payer contracting for a manufacturer, Health Plan, or PBM and exposure to Trade, Retail, GPO, Federal, and Medicaid contracting.
• Experience in dealing with current Pharmaceutical and Healthcare issues, structure, rules, and laws including a thorough understanding of the Pharmaceutical legislative environment as it relates to HCR, IRA, MDRP, and reimbursement.

Skills/Knowledge/Abilities:

• Uses effective oral and written communication skills within and across functions
• Keeps others informed of decisions, changes, objectives, priorities, etc.
• Establishes and maintains cross-functional relationships
• Works well in teams and is self-motivated
• Is viewed as a knowledgeable resource by customers
• Role models appropriate team behavior and leads teams
• Creates an environment that encourages ownership, accountability, and teamwork
• Sets appropriate priorities
• Ability to handle large workload volume and tight deadlines
• Demonstrates solution-oriented approach and proficient problem-solving skills
• Uses ability to gain cooperation and alignment and to resolve conflicts
• Knows contract laws, rules and regulations
• Demonstrates the ability to draft and assist in negotiation of contracts
• Thorough understanding of Gross-to-Net

Salary Range

The annual starting salary for this position is between $212,880 - $279,405 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.
• The total compensation package for this position may also include other elements, including a sign-on bonus, restricted stock units, and discretionary awards in addition to a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time, and parental leave), dependent 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 disabilityassistance@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.