JOB DESCRIPTION:

Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Our 109,000 colleagues serve people in more than 160 countries.

For our Established Pharmaceutical Division (EPD) Headquarter in Basel we are looking for a:

Global Pricing Associate Director

Core Job Responsibilities:

Lead the development and drive the implementation of in-market pricing strategies in partnership with EPD affiliates.

Monitor price guidance and governance and propose necessary amendments.

Be a pricing expert on emerging market countries and share knowledge regarding key pricing development in these markets. Be able to communicate them including the potential impact for EPD business.

Strategy:

• Lead the development and the implementation of pricing strategies for new products in cooperation with Market Access Therapeutic Leads.
• Support the development of the launch sequences. Coordinate with assigned countries and other EPD functions to ensure that pricing and access are optimized.
• Partners with regional and country representatives to ensure smooth transition and implementation of global pricing strategies to regions and countries
• Lead the development of net prices strategies for in-market products.
• Supports all product launches with competitor/market price analysis and international pricing rules to ensure product launches meet overall product and business gross profit goals
• Drive price optimization initiatives to ensure that our prices (list and net) are aligned with the market environment and our product’s value proposition.
• Establish, implement, and maintain pricing guidance in collaboration with regions and key countries.
• Serve as co-chair of Global Pricing Committee.
• Provide pricing input to brand plans

Analytics:

• Analyze data and market trend to make informed pricing decision and use data-driven insights to adjust pricing strategies as necessary.
• Lead development of pricing dashboards in collaboration with Insights, Advanced Analytics and IT departments.
• Monitor the development of digital pricing and keep abreast of the upcoming technologic solutions.

Daily operations and IRP:

• Lead the assessment of price changes on revenues and timing across markets
• Provide endorsement of product price change proposal aligned with global pricing guidance and governance and any list and net price changes post-launch. Monitor implementation
• International Reference Pricing Risk: Drive cross-country risk mitigation projects including identification and execution of mitigation measures by developing and reinforcing cross functional collaboration with other departments such as Regulatory Affairs, Finance and Operations.
• Keep price approval SOP updated

Training and capability building:

• Improve affiliates pricing capabilities by listening to their needs and providing continuous training on pricing skills
• Enhances information exchange and best practice-sharing across regions and drives adoption of pricing resources and tools

Supervisory/ Management Responsibilities:

• Strong influencing skills to engage global functions, regions and country management teams

Minimum Education:

Bachelor in business administration, economics, finance, or equivalent qualification.

Minimum Experience/Training Required:

• 5-8 years of related pharmaceutical experience is necessary with at least 5 years of direct experience in global pricing function.
• Experience in a Matrix and complex environment is highly desirable
• Successful track record in providing pricing expertise to achieve business results
• Experience in the area of generics or brand generics
• Awareness of the competitive landscape and market dynamics.
• Deep understanding of IRP mechanisms
• Strong understanding of Emerging Market’s pricing requirement for coverage/reimbursement

Competencies/skills:

• Winning mentality, “can-do” attitude, innovation, customer focus, result-drive and pragmatism
• Strong and deep understanding of the Generic Pharmaceutical Industry 
• Ability to demonstrate strategic anticipation and planning
• Results-oriented entrepreneurial spirit with excellent judgment and the ability to operate as a part of a team
• Strong English written and verbal communication skills are required
• Excellent analytical skills, judgment and problem-solving skills
• Experience in working cross-functionally; self-starter with a strong sense of personal accountability
• Project management
• Financial analysis
• Understands and can communicate pricing principles

Do you like the sound of this job and think you’ve got what it takes?

Then send us your CV today. We look forward to receiving your application online in pdf format.

Connect with us at www.abbott.com, on LinkedIn at www.linkedin.com/company/abbott-/, on Facebook at www.facebook.com/Abbott and on Twitter @AbbottNews and @AbbottGlobal.

The base pay for this position is

N/A

In specific locations, the pay range may vary from the range posted.

JOB FAMILY:

Pricing

DIVISION:

EPD Established Pharma

LOCATION:

Switzerland > Allschwil : H-127

ADDITIONAL LOCATIONS:

WORK SHIFT:

Standard

TRAVEL:

Not specified

MEDICAL SURVEILLANCE:

Not Applicable

SIGNIFICANT WORK ACTIVITIES:

Not Applicable

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