Position Responsibilities
Deliver and own tools to guide price setting considering factors such as Inflation Reduction Act, International Pricing Reference in the US and contracting agreements.
Serve as the subject matter expert for Lillys value-pricing approach and process.
Ensure consistent linkage of price setting to Lillys launch process.
Influence important business decisions on key launched products and new products through rigorous business case evaluation, price trade-off modeling, and/or scenario analysis in support of affiliate launch price decisions and price change requests.
Lead global price reviews analysis including an assessment of the competitive environment, an evaluation of worldwide prices and price trends, (working closely with Global Brand and PRA Teams) and an assessment of worldwide price risks.
Provide consultation on price strategy and tactics and the competitive PRA environment to numerous business partners, including Global Brand Teams and/or Global PRA Teams in support of new products, launched products, and new indications and line extensions Facilitate the Local Market Optimization (LMO) and Regional Market Optimization (RMO) work streams for new products (phase III to launch), working closely with the applicable global brand team and regional management, to identify the price levels that optimize profit locally, regionally and globally.
Manage special pricing projects as designated by GSP management, play an integral role in understanding and evaluating public policy issues related to pricing, and seek opportunities to increase effectiveness/efficiency in Pricing Implementation team Support affiliate price approval decisions with profitability analyses and recommendations for scenario analyses related to affiliate-specific tactics, global brand initiatives.
Lead financial modeling for OUS affiliate price requests including profitability analysis, IPC/PT impact, risk-benefit assessment, governance escalation requirements, comprehensive recommendation and exec summary.
Support LVA Lead Team and payer brand directors with pricing insight, competitive intelligence, and external resources to inform brand pricing strategies.
Build out tools and approaches for brand teams to set launch prices and adjust prices over time, based on robust analytics, scenario planning, and longer-term gross-to-net assumptions.
Understand and communicate external pricing developments and opportunities to the organization.
Partner with Pricing Operations Associate to support pricing operations including monitoring competitive pricing activity, inputting list price adjustments into SAP, and sending out pricing notifications.
Basic Qualifications
Bachelor’s degree
5+ years of experience in finance or data analytics.
Preferences
MBA or equivalent experience
Proven analytical capability, and ability to translate quantitative insights to a broad audience
US Pricing and/or International experience
Commercial finance experience
Experience presenting material to large or senior-level audiences
Strategic thinking and problem-solving capability
Cross-functional team leadership
Excellent written and verbal communication skills
Influence (one on one and group setting) – ability to effectively drive decision-making
Understanding of laws and regulations covering providers and payers
Additional Information:
Travel 0-10 %
Position based at Lilly Corporate Center and Lilly USA/LTC-S
Lilly may provide support for or sponsor work authorization or visas for this role for internal applicants only.
Lilly is dedicated to helping individuals with disabilities to actively engage in the workforce, ensuring equal opportunities when vying for positions. If you require accommodation to submit a resume for a position at Lilly, please complete the accommodation request form (https://careers.lilly.com/us/en/workplace-accommodation) for further assistance. Please note this is for individuals to request an accommodation as part of the application process and any other correspondence will not receive a response.
Lilly is proud to be an EEO Employer and does not discriminate on the basis of age, race, color, religion, gender identity, sex, gender expression, sexual orientation, genetic information, ancestry, national origin, protected veteran status, disability, or any other legally protected status.
Our employee resource groups (ERGs) offer strong support networks for their members and are open to all employees. Our current groups include: Africa, Middle East, Central Asia (AMECA), Black Employees at Lilly (BE@Lilly), Chinese Culture Network (CCN), EnAble, Evolve, Lilly Indian Network (LIN), Organization of Latinx at Lilly (OLA), Pride (LGBTQ+ Allies), Veterans Leadership Network (VLN) and Women’s Initiative for Leading at Lilly (WILL).
- Actual compensation will depend on a candidate’s education, experience, skills, and geographic location. The anticipated wage for this position is
- $132,000 - $193,600
Full-time equivalent employees also will be eligible for a company bonus (depending, in part, on company and individual performance). In addition, Lilly offers a comprehensive benefit program to eligible employees, including eligibility to participate in a company-sponsored 401(k); pension; vacation benefits; eligibility for medical, dental, vision and prescription drug benefits; flexible benefits (e.g., healthcare and/or dependent day care flexible spending accounts); life insurance and death benefits; certain time off and leave of absence benefits; and well-being benefits (e.g., employee assistance program, fitness benefits, and employee clubs and activities).Lilly reserves the right to amend, modify, or terminate its compensation and benefit programs in its sole discretion and Lilly’s compensation practices and guidelines will apply regarding the details of any promotion or transfer of Lilly employees.
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