Director, Fair Market Value Strategy & Operations

Company: Disability Solutions
Location: Princeton
Posted on: November 1, 2024

Job Description:

Working with UsChallenging. Meaningful. Life-changing. Those aren't words that are usually associated with a job. But working at Bristol Myers Squibb is anything but usual. Here, uniquely interesting work happens every day, in every department. From optimizing a production line to the latest breakthroughs in cell therapy, this is work that transforms the lives of patients, and the careers of those who do it. You'll get the chance to grow and thrive through opportunities uncommon in scale and scope, alongside high-achieving teams rich in diversity. Take your career farther than you thought possible.Bristol Myers Squibb recognizes the importance of balance and flexibility in our work environment. We offer a wide variety of competitive benefits, services and programs that provide our employees with the resources to pursue their goals, both at work and in their personal lives. Read more: .Summary:The Director of Fair Market Value (FMV) Operations within Compliance and Ethics at Bristol Myers Squibb will play a pivotal role in overseeing and managing all aspects of FMV operations, analytics, reporting, contracting, and governance. This leadership position is responsible for ensuring that all FMV activities are conducted in compliance with internal policies and external regulations. The ideal candidate will possess extensive experience in compliance, FMV operations, and analytics, with strong leadership skills and the ability to collaborate with various stakeholders across the organization.Key Responsibilities: FMV Operations:

• Oversee and manage all FMV operations to ensure compliance with internal policies and external regulations.
• Support the development and implementation of compliant FMV methodologies to ensure fair and consistent valuation practices.
• Coordinate with various departments to ensure alignment and integration of FMV practices across the organization.
• Direct the strategic collection and comprehensive analysis of benchmarking data pertaining to FMV calculations employed by industry peers Analytics and Reporting:
  • Develop and maintain FMV analytics and reporting frameworks to provide insights and support decision-making.
  • Generate regular and ad-hoc reports on FMV activities, trends, and compliance status for senior management and other stakeholders.
  • Utilize data analytics to identify potential risks and areas for improvement in FMV operations. Contracting:
    • Oversee the contracting process to ensure that all agreements comply with FMV standards and regulatory requirements.
    • Collaborate with legal and procurement teams to develop and review contracts, ensuring that FMV considerations are appropriately addressed.
    • Manage the lifecycle of FMV-related contracts, including negotiation, execution, and renewal. Governance:
      • Establish and maintain FMV governance frameworks to ensure adherence to policies and procedures.
      • Develop and implement FMV training programs for employees and stakeholders to promote awareness and understanding of FMV principles.
      • Coordinate monitoring and testing with the C&E remediation team to ensure FMV compliance and identify areas for improvement.
      • Formulate and present sophisticated, data-driven methodologies for evaluation by legal and market compliance teams. Act as the principal liaison with FMV vendors, ensuring seamless communication of re-tiering requests from medical teams and addressing payment-related feedback with vendors. Stakeholder Collaboration:
        • Work closely with internal stakeholders, including legal, finance, procurement, and business units, to ensure alignment and compliance with FMV policies.
        • Serve as a subject matter expert on FMV-related matters, providing guidance and support to stakeholders across the organization. Represent the company in external forums and industry groups related to FMV and compliance.Qualifications & Experience:
          • Bachelor's degree in Business Administration, Finance, Compliance, or a related field; advanced degree preferred.
          • Minimum of 10 years of experience in compliance, FMV operations, or a related field, with significant experience in a leadership role, preferably within the biopharmaceutical industry.
          • Deep understanding of FMV principles, methodologies, and regulatory requirements.
          • Proven experience in developing and implementing FMV frameworks, processes, and tools.
          • Exceptional analytical and problem-solving skills, with the ability to interpret complex data and develop actionable insights. If you come across a role that intrigues you but doesn't perfectly line up with your resume, we encourage you to apply anyway. You could be one step away from work that will transform your life and career. Uniquely Interesting Work, Life-changing CareersWith a single vision as inspiring as Transforming patients' lives through science--- , every BMS employee plays an integral role in work that goes far beyond ordinary. Each of us is empowered to apply our individual talents and unique perspectives in an inclusive culture, promoting diversity in clinical trials, while our shared values of passion, innovation, urgency, accountability, inclusion and integrity bring out the highest potential of each of our colleagues.On-site Protocol BMS has a diverse occupancy structure that determines where an employee is required to conduct their work. This structure includes site-essential, site-by-design, field-based and remote-by-design jobs. The occupancy type that you are assigned is determined by the nature and responsibilities of your role: Site-essential roles require 100% of shifts onsite at your assigned facility. Site-by-design roles may be eligible for a hybrid work model with at least 50% onsite at your assigned facility. For these roles, onsite presence is considered an essential job function and is critical to collaboration, innovation, productivity, and a positive Company culture. For field-based and remote-by-design roles the ability to physically travel to visit customers, patients or business partners and to attend meetings on behalf of BMS as directed is an essential job function. BMS is dedicated to ensuring that people with disabilities can excel through a transparent recruitment process, reasonable workplace accommodations/adjustments and ongoing support in their roles. Applicants can request a reasonable workplace accommodation/adjustment prior to accepting a job offer. If you require reasonable accommodations/adjustments in completing this application, or in any part of the recruitment process, direct your inquiries to . Visit to access our complete Equal Employment Opportunity statement. BMS cares about your well-being and the well-being of our staff, customers, patients, and communities. As a result, the Company strongly recommends that all employees be fully vaccinated for Covid-19 and keep up to date with Covid-19 boosters. BMS will consider for employment qualified applicants with arrest and conviction records, pursuant to applicable laws in your area.If you live in or expect to work from Los Angeles County if hired for this position, please visit this page for important additional information: Any data processed in connection with role applications will be treated in accordance with applicable data privacy policies and regulations.

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