Manager - Pricing Analytics - Pharmaceuticals

Pricing Manager - Pharma

Job Description :

Partner with diverse Business functions such as Sales and Marketing, Legal and Compliance to ensure appropriate decision analysis support and play a key role in finalizing Budget and resources and monitoring actual performance on Key Performance Indicators, in order to achieve long term sustainable and profitable growth.

Major Activities / Tasks :

- Drive quarterly and annual price hike in coordination with CFMs aiming topline benefit in time.

- Provide Insights to Business on the products' pricing governed by NPPA and make informed decisions.

- Support business to achieve the Top line and bottom-line numbers as per therapy budget via pricing.

- Driving analytics and possibility of top line benefit by proper planning of Hike & MRP Implementation on new stocks.

- To continuously thrive towards providing actionable insights through Big data analytics.

- Maintaining Price Master with details of MRP, Margins alongwith hike due date for all products.

- Providing Insights on Budgeted Hike due date for each of the products and ensuring actual hike is taken as per Budgeted Plan.

- Responsible for addressing notification issued by government (NPPA) and complying with all the regulatory requirement.

- Addressing demand notices received from NPPA with supporting and reasoning.

- Preparing submissions to be made to NPPA for Preliminary Notices received & other data asked for by NPPA

- Help the management in decision making with respect to new launches and upcoming regulatory changes.

- Taking action on all price related notifications and providing the Business with Insights as regards Impact & Mitigation Plan to reduce the impact on Business.

- Drive automation of reports through advanced IT platforms like QlikView to reduce manual process and save time.

- Automate the P&L and pricing process through SAP / Qlikview to capture the date effectively for any detailed reports and review and minimise errors.

- Leading project on automation of existing data into single platform and driving insights from it.

- Driving Automation Project through vendors and successfully completing the UAT & Validation and ensuring Go-Live of the reports developed.

- Blending finance and non-finance data and come up with analytics for top line and bottom-line benefit.

- Drive predictive and prescriptive analytics in coordination with cross functional team.

- Making timely provisions for MRP Audit related cases & products which are Launched at Risk.

- Anticipating the Demand that can be raised in future and making provisions in books after discussion with Legal Team.

- Providing MIS related to MRP, PTR & PTS to Project Naveen Team, IMS team & our Internal teams by preparing one consolidated master.

- Resolving the queries of Internal & External Auditors by maintaining proper records & working out calculations as is necessary.

- Preparing SOP for all processes and ensuring their compliance.

- Ensuring MRP updations in system at material level for all products & at batch level for P2P & LL products & providing approvals wherever necessary for the MRP & stock acceptance.

- Monitoring the process change for Hike and ensuring that Inventory is packed with correct MRP as per defined process.

- Taking effective & immediate decisions on any deviations in MRP and providing suggestions & action plan to Depots.