Grifols Shared Services North America, Inc Financial Analyst - Commercial Contracts & Rebate Specialist in Los Angeles, California

For more than 75 years, Grifols has worked to improve the health and well-being of people around the world. We are a global healthcare company that produces essential plasma medicines for patients and provides hospitals, pharmacies, and healthcare professionals with the products, tools, equipment, information, and services they need to help them deliver expert medical care. At Grifols we are united around a strong sense of pride – operating under the highest standards for quality and safety. We are committed to fostering an environment that creates continuous learning opportunities and encourages professional development and growth. We would love for you to consider growing your career with us. If challenging and meaningful work excites you, make a difference and join us in this rewarding enterprise!

Position Summary:

The Commercial Contract and Rebate Specialist reports to the Associate Director, Commercial Contract Management and will be responsible for the day-to-day ownership of gross to net activities including chargeback processing, deduction and dispute resolution, monitoring compliance with contractual obligations and processing any corresponding financial obligations, data management and managing customer relationships. A successful candidate must be organized, detail oriented and a strategic team player with a strong ability to manage a diverse number of agreements. Position will be a key contributor to our gross-to-net monthly sales closing process and will hold a significant portion of the ($1B+) rebates/fees processing responsibility.

Essential Job Duties:

  • Review, validate and process high volume of chargeback lines accurately and in accordance with Grifols’ company policy through Revitas CARS Flex.

  • Responsible for researching and investigating chargeback errors to proactively mitigate systematic issues with accounts.

  • Ensure that customer contract eligibility corrections are sent to the Commercial Contact Membership team to guarantee compliance with agreements, specifically the timeliness and completeness of information.

  • Analyze customer deductions to determine if they are valid while working closely with the Accounts Receivable team to provide support to resolve reconciliation issues for chargebacks credits.

  • Understand cause and effect relationships related to contract changes within the Revitas CARS Flex system.

  • Responsible for thorough review of all contracts linked to financial obligations (i.e. rebates, fees) and ensuring all data requirements are submitted accordingly.

  • Perform the calculation and processing of all contract related rebates and fees, including the monitoring of related price groups in Revitas CARS Flex to ensure accurate and timely payments.

  • Propose actionable solutions to rebate/chargeback issues and find efficiencies in rebate/chargeback processing.

  • Ability to identify issues with accounts that could lead to revenue leakage and notify management while providing potential solutions to resolve issues.

  • Responsible for the month-end closing process for gross to net (GTN) accounting to ensure all GTN reserves are accurate, including maintenance of accrual rates, account analysis, and journal entries.

  • Prepare monthly and quarterly GTN look-back analysis with commentary and present results and/or recommendations to the team.

  • Assist with quarterly and annual internal and external audit requests.

  • Partner with external and internal customers in terms of daily operations, assistance and support.

  • Other ad hoc financial analyses and / or projects as requested to support different business units.

Job Requirements:

  • Bachelor’s Degree in Finance, Accounting, or other quantitative disciplines is required.

  • Minimum of 3 years of finance, accounting or closely related experience is required. Experience with contracts & rebates is a plus.

  • Must have knowledge of gross to net accounting principles.

  • Experience working with CARS Flex (Revenue Manager) & Business Intelligence (BI) is highly preferred.

  • Ability to operate independently and remain focused in a dynamic work environment.

  • Extensive knowledge of financial calculations and analysis, reporting and forecasting methodologies.

  • Excellent analytical ability, attention to detail, written and verbal communication skills.

  • Self-motivated to learn new concepts and participate in new projects.

  • Strong capabilities in Microsoft Office (Word, Excel, Power Point).


*This job description is accurate at the date of publication and may change over time. It is not intended as an exhaustive description of the job. Other duties may be assigned and qualifications required may change. To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed are representative of the knowledge, skills, education, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

EEO Minorities/Females/Disability/Veterans

Grifols is committed to Equal Employment Opportunity (EEO) and to compliance with all Federal, State and local laws that prohibit employment discrimination on the basis of race, color, age, national origin, ethnicity, religion, gender, gender identity, pregnancy, marital status, sexual orientation, citizenship, genetic disposition or characteristics, disability or veteran's status or any other classification protected by applicable State/Federal laws. We will consider for employment all qualified Applicants, including those with Criminal Histories, in a manner consistent with the requirements of applicable state and local laws, including the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance.

Location: [[mfield6]] : [[cust_building]]

Learn more about Grifols at http://www.grifols.com/es/web/international/home

Req ID: 73729

Type: Regular Full-Time

Job Category: Finance/Accounting