Senior Analyst, Fair Market Value / Bona-fide Service Fee

Band

Level 3

 

Job Description Summary

#LI-Hybrid
Location: East Hanover, NJ USA

This position will be located at the East Hanover, NJ site and will not have the ability to be located remotely. Please note that this role would not provide relocation, and only local candidates will be considered. Please only apply if this location is accessible for you.

Step into a role where your analytical expertise directly supports compliance with critical healthcare regulations (Centers for Medicare & Medicaid Services and US Health and Human Services) and industry standards. As a Senior Analyst in the Fair Market Value / Bona-fide Service Fee team, you’ll help shape Novartis’ approach to service fee assessments, ensuring transparency and integrity across commercial partnerships. This is your opportunity to collaborate cross-functionally, influence decision-making, and contribute to a mission that safeguards ethical practices in the pharmaceutical industry.

 

Job Description

Key Responsibilities:

• Assist with the fair market value assessments for service fees paid to commercial entities in the U.S. industry (e.g., Specialty Pharmacies, Wholesalers/Distributors, PBMs, GPOS, Hubs, Copay vendors, etc.)

• Collaborate with cross-functional teams across Finance, Legal, Medical, etc. to ensure alignment in fair market value assessments and decision-making processes

• Assist with maintaining all fair market value Work Process Documents (WPDs) and remain in compliance with all Novartis compliance guidance and maintain high-quality data in the FMV application

• Maintain and enhance processes to remain compliant with CMS, HHS regulations on fair market value

• Work with Associate Director/Manager to develop communications and training documents as needed across the broader organization

• Report to management on current projects and value drivers within the team.  Supporting stakeholders with analytics and guidance on an ad hoc basis

Essential Requirements:

• Bachelor’s degree required, preferably in Finance or Accounting; Master’s, MBA, or CPA a plus

• Minimum 2 years of experience in finance, accounting, or economics, preferably within pharma or healthcare

• Strong analytical skills to interpret complex data and market trends for FMV assessments

• Advanced financial modeling proficiency, especially in Microsoft Excel

• Excellent communication and collaboration skills across internal and external stakeholders

• Strong organizational skills with ability to manage multiple priorities simultaneously

Desirable Requirements:

• Familiarity with pharmaceutical industry policies, regulations, and compliance standards

• Experience working with commercial entities such as Specialty Pharmacies, PBMs, GPOs, or Copay vendors

Novartis Compensation Summary:

The salary for this position is expected to range between $66,800.00 and $124,000.00 per year.

The final salary offered is determined based on factors like, but not limited to, relevant skills and experience, and upon joining Novartis will be reviewed periodically. Novartis may change the published salary range based on company and market factors.

Your compensation will include a performance-based cash incentive and, depending on the level of the role, eligibility to be considered for annual equity awards.

US-based eligible employees will receive a comprehensive benefits package that includes health, life and disability benefits, a 401(k) with company contribution and match, and a variety of other benefits. In addition, employees are eligible for a generous time off package including vacation, personal days, holidays and other leaves.

 

EEO Statement:

The Novartis Group of Companies are Equal Opportunity Employers. We do not discriminate in recruitment, hiring, training, promotion or other employment practices for reasons of race, color, religion, gender, national origin, age, sexual orientation, gender identity or expression, marital or veteran status, disability, or any other legally protected status. We strive to create an inclusive workplace that cultivates bold innovation through collaboration and empowers our people to unleash their full potential.

 

Accessibility and reasonable accommodations

The Novartis Group of Companies are committed to working with and providing reasonable accommodation to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the application process, or in order to perform the essential functions of a position, please send an e-mail to tas.nacomms@novartis.com call +1 (877)395-2339 and let us know the nature of your request and your contact information. Please include the job requisition number in your message.

https://www.novartis.com/careers/careers-research/notice-all-applicants-us-job-openings

 

Salary Range

$66,800.00 - $124,000.00

 

Skills Desired

Ability To Influence Key Stakeholders, Compliance And Controls, Data Cleansing Normalization, Data Visualization, Employee Engagement, Financial And Management Reporting, Market Understanding, Planning & Analysis, Process Optimization, Understanding Value Drivers