Specialist - Rebate Management

About the Department The Finance & Operations department brings insights and intelligence to inform decision making & drives digitalization and business solutions to attain NNI goals. Finance & Operations works closely across the organization to guide enterprise-wide resource allocations, investment choices, drive core operations and develop insights to drive growth and operational excellence across the value chain while innovating for future capabilities. Our focus on innovation ensures we're constantly building future capabilities. We're responsible for regulating accounting, upholding workplace safety, managing our supply chain and sampling, supporting technological and data innovation, maintaining our facilities and assuring the integrity and completeness of all business transactions. At Novo Nordisk, you will have the opportunity to build a career in a global business environment. We encourage our employees to make the most of their talent, and we reward hard work and dedication with opportunities for continuous learning and personal development. Are you ready to maximize your potential with us?The PositionEnsures timely and accurate payment of rebate payments for Strategic and Non-Strategic customers for Commercial, Part D and GAP Coverage. Reviews and analyzes the results of rebate calculations and identifies and reports status and exceptions.RelationshipsReports to the head of Rebate Management. Works closely with Strategic Pricing, Finance, Contract Management and Compliance, Government Pricing, IT teams and field and home office management. External relationships include trade, managed care customers, field sales personnel and systems vendors.Essential FunctionsData Analysis & Reporting:Assists customers and management with questions or problems arising with contracts and payments and troubleshoots accordinglyAssists with both internal and external auditsCreates special reports and provides analysis support to management based on trends and needsEnsures accurate reporting to finance and treasury(i.e., monthly treasury reporting, monthly and periodic reconciliations to other reporting systems)Identifies and analyzes performance trends and provides recommendations and insights to managementIdentifies missing claims data and works with customers in gathering and obtaining this dataInputs, reviews, validates, processes and analyzes rebate payments and adjustments ranging from $100K - $200M or more; ensures payments are paid within the required timeframes and conditions, as stated in the contractual agreementsPrepares and provides contract reports (i.e., sales, rebate pricing, reconciliation) to field sales and home office managementResponsible for proper distribution of funds and reporting to field sales and rebate customersReviews and analyzes contract terms and conditions of contracts. Ensures data in validation and rebate systems reflect the contract terms for accurate processingReviews and recommends contract language to managementData Loading/Formatting:Formats incoming claims data (received on tape, diskette, etc.) from contract customers; manipulates data to ensure proper formatProvides support for data loading efforts to ensure that all data received is loaded accurately and in a timely manner prior to data validation. Coordinates with external source for loading and scrubbing of rebate claims dataWorks with external vendor and customer to resolve data issuesSystems Maintenance/Administration:Provides support for ensuring all data is received and accurately tracked to ensure on time paymentProvides support for ensuring all documentation for payments and contracts are filed and updated accuratelyProvides support for generating and distributing all supporting reports provided to the field and customers for reconciliationAssists with implementing enhancements for data validation and rebate systemsCreates and maintains rebate agreements in the rebate system that A/P vendor information is updated accurately and that payments are issued as expectedEnsures that all activities meet internal and/or external service level agreements and Sarbox controlsMaintains membership and formulary linkages in rebate systemPhysical Requirements0-10% overnight travel required.QualificationsA Bachelor 's degree or equivalent experience requiredRequires a minimum of 4 years relevant experienceAdvanced PC skills requiredContracting and Pricing Knowledge and Expertise Required - Understands contracting concepts and processes and the impact of pricing activities on contracting. Applies knowledge of changes in laws and competitive landscape to make sound business decisionsData manipulation skills through a third party vendor for data scrubbingExperience in using financial and/or statistical tools to analyze contract data requiredMicrosoft Access, and Advanced skills in Excel requiredSQL experience preferredStrong analytical, quantitative, and qualitative analysis skills requiredStrong skills with Model NSelf-motivator who seeks to improve accuracy and efficiency of analytical work and business processes. Strong attention to detail requiredPlanner and forecaster savvy with recognizing trends, establishing forward progress and focusing on the big picture as well as the small detailsThe base compensation range for this position is $83,400 to $150,200. Base compensation is determined based on a number of factors. This position is also eligible for a company bonus based on individual and company performance.   Novo Nordisk offers long-term incentive compensation and or company vehicles depending on the position's level or other company factors.     Employees are also eligible to participate in Company employee benefit programs including medical, dental and vision coverage; life insurance; disability insurance; 401(k) savings plan; flexible spending accounts; employee assistance program; tuition reimbursement program; and voluntary benefits such as group legal, critical illness, identity theft protection, pet insurance and auto/home insurance. The Company also offers time off pursuant to its sick time policy, flex-able vacation policy, and parental leave policy. We commit to an inclusive recruitment process and equality of opportunity for all our job applicants.At Novo Nordisk, we're not chasing quick fixes – we're creating lasting change for long-term health. For over 100 years, we've been driven by a single purpose: to defeat serious chronic diseases and help millions of people live healthier lives. This dedication fuels our constant curiosity and inspires us to push the boundaries of what's possible in healthcare. We embrace diverse perspectives, seek out bold ideas, and build partnerships rooted in shared purpose. Together, we're making healthcare more accessible, treating and defeating diseases, and pioneering solutions that create change spanning generations. When you join us, you become part of something bigger – a legacy of impact that reaches far beyond today.Novo Nordisk is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to race, ethnicity, color, religion, sex, gender identity, sexual orientation, national origin, disability, protected veteran status or any other characteristic protected by local, state or federal laws, rules or regulations.If you are interested in applying to Novo Nordisk and need special assistance or an accommodation to apply, please call us at View phone number on click.appcast.io. This contact is for accommodation requests only and cannot be used to inquire about the status of applications.