New Job Finance Director, Government Contracting And Compliance (Gcc) Finance In New Jersey

The Director, Government Contract and Compliance (GCC) Finance requires multi-disciplinary business acumen, knowledge of the external government pricing policy ecosystem, and key internal business processes to set a holistic plan for the execution of compliance requirements implicated by recent legislations impacting Janssen US Pharmaceutical Companies of Johnson & Johnson. The government channels implicated in this legislation comprise approximately half of Janssen US net trade sales. This critical role requires experience in the very specialized area of government pricing and compliance.

Responsible to lead GCC specific implementations for new legislations including, but not limited to the 2022 Inflation Reduction Act, and the 2023 Medicaid Drug Rebate Program (MDRP) Proposed Rule by the Centers of Medicare & Medicaid Services, and the various state specific legislations involving Prescription Drug Affordability Board (PDAB).

The incumbent must be comfortable collaborating and leading with cross-functional senior leaders in Strategic Customer Group (SCG), Regulatory Law WWGAP US Gov Programs, Government Affairs and Policy, and Enterprise Contract Management to provide comprehensive industry and/or J&J specific policy comments to CMS (Centers for Medicare and Medicaid Services) throughout all phases of pending/final legislations and/or regulations/guidance accounting for government pricing impact and shaping state and federal legislative outcomes.

In an extremely dynamic, complex, and evolving policy and market environment, candidate must be comfortable with reading healthcare policy, applying financial analytics and translating government pricing policies to business strategic and financial implications. As such, this position includes oversight government pricing compliance assessment for cross-portfolio commercial contracting strategies (+novel) impacting Medicaid, VA/DoD, Medicare, and Public Health Services programs; use in-dept knowledge to identify government pricing triggers and mitigate risks accounting for emerging new and proposed legislations.

This position deals with highly confidential information and engages in sensitive conversations with Legal and other internal business partners. Additionally, this position may interface with state and Federal government officials and candidate must be comfortable discussing Janssen’s position on interpretations of regulations and/or applications to cross-portfolio or novel commercial contract strategies.

This position will lead and manage a team of 4 people.

Tasks/Duties/Responsibilities

Legislative Proposed Rule Review, Commentary, and Industry Engagement

• Streamline GCC cross-policy (IRA/MDRP) efforts implicating Janssen US Pharmaceutical Companies of Johnson & Johnson.

• Provide finance leadership in collaboration with Health Policy, Federal Affairs, Legal and other partners to analyze legislations/regulations pending CMS guidance. Lead GCC reviews in the development of Janssen and industry comments influencing policy outcome. This will also include development of industry educational materials to help shape operational solutions. Attend Monthly CMS Manufacturer calls.

These new federal legislations are complex in nature, overlapping compliance and pricing considerations across federal programs such as Part B, Part D, Medicaid, 340B and VHCA FSS. CMS agency will issue draft and final guidance in varying stages for the next 2-3 years.

It is critical GCC considerations for a specific policy does not have unintended government pricing and compliance impact across these transformative rulings/laws. This role will ensure that the interconnectivity between rulings is well understood and implications to Janssen pricing strategies are considered therein.

Final CMS Regulation – GCC Operational Planning and Implementation

• Efforts will parallel pending legislative work above. As CMS publishes final regulations for various sections of the law in stages, plan and execute GCC specific processes and ensuring new government deliverables are met aligning to final regulation/guidances. This includes: development of transitional processes and drive long-term innovative systems solutions, ensure completion of government pricing calculations and data submissions imposed by recent IRA/MDRP) legislations, development of credo-based positions for the company on final complex/ambiguous regulatory requirements and implement treatment documents and reasonable assumptions to support those positions. Collaborate with Legal and meet with government officials (CMS, HRSA) as required. Explore long-term digitally enabled solutions to support ongoing requirements.

• This is a significant implementation undertaking of finalized regulations as other parts of the legislations remain in proposed guidance status.
• Ensure all action plans and establishments of new or enhanced processes stemming from IRA/MDRP legislative policies and/or complex pricing strategies have strong SOX/HCC/GCC controls for internal/external audit readiness.
• Janssen Cross-Portfolio GCC Assessments

• Provide oversight of new legislative process execution and cross-portfolio GCC assessments. This includes: government contract compliance assessment, establishment and execution of effective controls to full compliance and manageable operational implications and drive solution. This also includes development of novel contract reasonable assumptions, and/or engage with government agencies to support Janssen position and government pricing treatment rationale. Mitigating GCC risks.

People Management

• Succession plan - attract/develop/retain top talent for a specialized government pricing space.

• Leverage Diversity and Inclusion to create high performing teams.

• This position will lead and manage a team of 4 people.

Personal Development

• Keep current with government pricing policy and industry updates. Attend industry conferences and reconcile internal treatments, monitor new government pricing policies, and attend “finance fiscal” and/or business training modules for continuous learning, and translate insights to government pricing relevant business implications.

• Demonstrate curiosity, an ability to develop a perspective on business, influence outcomes and an agile learning attitude.

Support overall GCC Team as reviewer/approver designee on commercial pricing contract strategies, where GCC assessment is critical to ensuring strong compliance and as GP pricing reviewer/approver to ensure timely, accurate submissions for all base business government mandated price calculations which includes Medicaid AMP & BP, Medicare ASP, NFAMP/FCP and 340B. These critical calculations form the basis for government prices, reimbursement, and rebates.

Qualifications

• A minimum of a Bachelor's degree with a major in Accounting or Finance is required. An MBA is a plus.
• 10+ years of experience in Pharmaceutical or healthcare industry, 5+ Years of healthcare and/or government compliance experience.
• Strong understanding of the U.S. pharmaceutical supply chain and pricing/contracting dynamics
• US Government Drug Pricing Experience
• Experience with government pricing metrics (Medicaid, Medicare, FSS, 340B)
• Able to appropriately identify and balance risk in the context of business objectives
• Excellent analytical and organizational skills
• Experience with compliance, controls and related documentation
• Strong leadership, communication, and influencing skills
• Leadership to discuss sensitive items with Federal officials and other external stakeholders
• The ability deal with ambiguity and make decisions
• Supervisory experience with ability to lead, develop, and engage staff

Johnson & Johnson is an Affirmative Action and Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, age, national origin, or protected veteran status and will not be discriminated against on the basis of disability.

The base pay range for this position is $137,000 - $235,750

The Company maintains highly competitive, performance-based compensation programs. Under current guidelines, this position is eligible for an annual performance bonus in accordance with the terms of the applicable plan. The annual performance bonus is a cash bonus intended to provide an incentive to achieve annual targeted results by rewarding for individual and the corporation’s performance over a calendar/ performance year. Bonuses are awarded at the Company’s discretion on an individual basis.

Employees may be eligible to participate in Company employee benefit programs such as health insurance, savings plan, pension plan, disability plan, vacation pay, sick time, holiday pay, and work, personal and family time off in accordance with the terms of the applicable plans. For additional general information on company benefits, please go to: - https://www.careers.jnj.com/employee-benefits

The compensation and benefits information set forth in this posting applies to candidates hired in the United States. Candidates hired outside the United States will be eligible for compensation and benefits in accordance with their local market.