The opportunity
The Sr. Manager of Managed Care Contracting, Regional & Medicaid is responsible for drafting, reviewing, and supporting the execution of contracts with Regional Payers and Medicaid stakeholders. This role plays a key part in translating business strategies into contractual agreements that reflect sound legal and financial terms while ensuring compliance with company policies and regulatory requirements. The Sr. Manager collaborates cross-functionally with Account Managment, Payer Contracting Analytics, Payer Marketing, Legal, Finance, and Compliance teams to ensure the accuracy, consistency, and integrity of all contract documentation. This position will support Teva’s Innovative and Biosimilar product portfolio.
Location: This is a hybrid opportunity that can be based out of our Parsippany, NJ or West Chester, PA offices.
How you’ll spend your day
All areas of responsibility listed below are essential to the satisfactory performance of this position by any incumbents with reasonable accommodation if necessary. Any non-essential functions are assumed to be included in other related duties or assignments.
Contract Drafting & Authoring:
Collaborate with Account Management, Payer Contracting Analytics, Payer Marketing, Legal, Finance, Compliance, and Commercial teams to develop and implement contracting strategies as aligned with Teva’s business objectives
Manage RFP, bid and approval process for assigned accounts to meet required internal and external timelines
Maintain contract templates and clause libraries in coordination with Legal and Compliance
Translate negotiated business terms into clear and legally accurate language
Contract Lifecycle Management & Process Improvement:
Manage the contract lifecycle from initiation through execution, including internal review, revisions, and redlines
Ensure timely and accurate documentation, version control, and recordkeeping using Contract Lifecycle Management (CLM) tools
Identify opportunities to streamline the contract development process
Assist in implementing tools, templates, and workflows that improve efficiency and consistency
Cross-Functional Collaboration:
Collaborate with internal teams (Account Managment, Payer Marketing, Legal, Market Access, Pricing, Finance, Compliance) to gather input and align contract terms with business objectives to ensure successful implementation
Partner with Payer Contracting Analytics, Finance and Compliance to ensure key contract changes impacting financials are captured for accrual and business planning purposes
Serve as a liaison between internal stakeholders and Legal during contract drafting and review processes
Compliance & Risk Management:
Ensure all contract terms comply with applicable legal, regulatory, and internal policies, including but not limited to government pricing, anti-kickback statutes, and best price regulations
Support Finance and Contract Compliance teams on audits, payment reconciliation and disputes, as necessary
