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Sr Analyst, Market Access Insights - Specialty

Company Description

AbbVie's mission is to discover and deliver innovative medicines and solutions that solve serious health issues today and address the medical challenges of tomorrow. We strive to have a remarkable impact on people's lives across several key therapeutic areas – immunology, oncology, neuroscience, and eye care – and products and services in our Allergan Aesthetics portfolio. For more information about AbbVie, please visit us at www.abbvie.com. Follow @abbvie on TwitterFacebookInstagramYouTube and LinkedIn

Job Description

The Marketing Analytics and Business Insights (MABI) function supports AbbVie’s US organization and is comprised of highly respected researchers, analysts, data scientists and strategists who are committed to being best-in-class within the biopharmaceutical industry.  We serve as a strategic in-house counsel, ensuring that all decisions leverage the key insights that we develop.  We continue to build new capabilities and skill sets, encouraging our team members to pull up a chair, be themselves, be creative, speak their minds, and do good work.  We are a passionate, diverse, flexible, and inclusive organization with a culture that supports the best ideas, wherever they originate.  We are smart, fun, quirky, and innovative – and we’d love for you to join us.                    

 

The Market Access Insights (MAI) organization within MABI plays an instrumental role in shaping market access strategies for all of AbbVie’s domestic brands. As a member of this team, you will plan and execute standard and ad-hoc analytics to identify/ quantify payer opportunities and threats, make specific recommendations on the development of market access strategies and tactics, develop analytical capabilities, enable organizational learning, and ensure alignment of analytical insights with the broader commercial goals of each brand. The role requires foundational data analytics training and experience in the pharmaceutical or related industry. The role provides insights that directly impact patient and physician access to AbbVie brands through its influence on the development of pricing, contracting and other access strategies.

MAJOR RESPONSIBILITIES

Execute standard and ad-hoc analytics on a key brand focused on providing insights that influence market access strategy through data analytics, customer insights and business knowledge. Assist in the development with U.S. Market Access commercial leaders, innovative Pricing and Contracting strategies to achieve optimal payer formulary access that maximize net sales for assigned brands. Identify through claims analysis, market dynamics that shape brand demand and build models to portray risks, opportunities, and sensitivities. Demonstrate foundational understanding of the U.S. healthcare landscape and key AbbVie therapeutic areas to identify and proactively address opportunities and threats. Build collaborative relationships with internal U.S. Market Access Sales and Marketing stakeholders. Align insights to Brand insight partners, that when integrated with HCP and Consumer insights, positively impacts brand decision making.

Key areas of functional scope include:

  • Delivering analytics to inform GPO, Specialty Pharmacy, Health Plan and/or PBM contracting strategies for launch brands across payer channels through data modelling techniques, conveying analytical narratives that describe the opportunity and risks of stakeholder negotiations, and informing financial projections based on launch pricing and contracting strategies.
  • Delivering brand specific market access analytical insights in response to specific market access issues/ trends. Understanding the impact of utilization management, tiering and medical policy impact on overall demand, line of therapy and co-pay support. Conducting investigative analytics to validate and/ or quantify market phenomenon related to competitive or customer tactics. Identifying through quantitative methods, value drivers that guide clinical data development and value positioning.
  • Demonstrating a foundational understanding of syndicated and AbbVie proprietary data, data science and modeling techniques and the ability to synthesize insights into compelling narratives. Under guidance, is proficient at supplier and stakeholder management, executing external analytics to deliver compelling learnings, and executing analytical strategies appropriate for the issue at hand.
  • Responsible for effective communication of market access analytical insights to leadership.

**Can hire a candidate at Grade 16 or 17. Talent will be hired at a level commensurate with experience.**

Qualifications

Required:

  • Bachelor’s degree
  • 3+ years of professional experience.
  • 2+ years of related industry experience in marketing/sales/market access analytics.
  • Strong story telling skills; ability to distill complex information synthesized into concise and impactful messages and communications.

Additional Information

Applicable only to applicants applying to a position in any location with pay disclosure requirements under state or local law: ​

  • The compensation range described below is the range of possible base pay compensation that the Company believes in good faith it will pay for this role at the time of this posting based on the job grade for this position. Individual compensation paid within this range will depend on many factors including geographic location, and we may ultimately pay more or less than the posted range. This range may be modified in the future.​

  • We offer a comprehensive package of benefits including paid time off (vacation, holidays, sick), medical/dental/vision insurance and 401(k) to eligible employees.​

  • This job is eligible to participate in our short-term incentive programs. ​

Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, incentive, benefits, or any other form of compensation and benefits that are allocable to a particular employee remains in the Company's sole and absolute discretion unless and until paid and may be modified at the Company’s sole and absolute discretion, consistent with applicable law. 

AbbVie is an equal opportunity employer and is committed to operating with integrity, driving innovation, transforming lives, serving our community and embracing diversity and inclusion.  It is AbbVie’s policy to employ qualified persons of the greatest ability without discrimination against any employee or applicant for employment because of race, color, religion, national origin, age, sex (including pregnancy), physical or mental disability, medical condition, genetic information, gender identity or expression, sexual orientation, marital status, status as a protected veteran, or any other legally protected group status.

US & Puerto Rico only - to learn more, visit https://www.abbvie.com/join-us/equal-employment-opportunity-employer.html 

US & Puerto Rico applicants seeking a reasonable accommodation, click here to learn more:

https://www.abbvie.com/join-us/reasonable-accommodations.html

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Average salary estimate

$105000 / YEARLY (est.)
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$90000K
$120000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Sr Analyst, Market Access Insights - Specialty, AbbVie

At AbbVie, we’re on a mission to make a remarkable impact on people’s lives, and we’re looking for a Sr Analyst in Market Access Insights for our Specialty division in Mettawa, IL. This role is a fantastic opportunity for a passionate individual to join our Marketing Analytics and Business Insights (MABI) team, renowned for insightful research and strategic support within the biopharmaceutical industry. As a Sr Analyst, you'll be diving into data analytics to execute both standard and specific analyses, identifying key payer opportunities and threats that can directly shape market access strategies for our iconic brands. Your insights will not only influence pricing and contracting strategies but also play an instrumental role in enhancing patient and physician access to our medicines. Collaborating with U.S. Market Access leaders, you will utilize your analytical skills to understand market dynamics, evaluate risks, and develop actionable insights that align with our commercial objectives. If you enjoy driving innovative strategies, working with a diverse team, and contributing to impactful healthcare solutions, we’d love to see you join us at AbbVie where creativity and collaboration flourish.

Frequently Asked Questions (FAQs) for Sr Analyst, Market Access Insights - Specialty Role at AbbVie
What are the primary responsibilities of a Sr Analyst, Market Access Insights at AbbVie?

As a Sr Analyst, Market Access Insights at AbbVie, you'll be deeply involved in executing both standard and ad-hoc analyses to uncover payer opportunities and threats. You'll collaborate with U.S. Market Access leaders to develop innovative pricing and contracting strategies that optimize formulary access. Furthermore, your role will require you to analyze market dynamics, communicate insights to leadership, and apply foundation-level knowledge of the U.S. healthcare landscape.

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What qualifications are required for the Sr Analyst position at AbbVie?

To qualify for the Sr Analyst, Market Access Insights position at AbbVie, candidates should hold a Bachelor's degree with 3+ years of professional experience, including 2+ years in marketing, sales, or market access analytics within a related industry. Strong storytelling abilities and experience in data synthesis are essential, as these skills will help you effectively communicate complex insights.

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How does the Sr Analyst role impact AbbVie’s market access strategies?

The Sr Analyst role is pivotal in guiding AbbVie’s market access strategies. By executing data analytics, you’ll identify risks and opportunities that influence pricing and contracting approaches. Your insights will help align the broader commercial goals with payer strategies, ensuring that our therapies reach those who need them most—patients and physicians.

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What type of work culture can I expect as a Sr Analyst at AbbVie?

AbbVie fosters a dynamic and inclusive work culture where creativity and collaboration are encouraged. As a Sr Analyst, you would be part of a diverse team that values unique perspectives. We pride ourselves on being smart, fun, and innovative, providing a supportive atmosphere where pushing boundaries and developing new capabilities is the norm.

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What tools or methodologies do Sr Analysts use at AbbVie?

In your role as a Sr Analyst, you will utilize a variety of data modeling techniques and analytics tools to derive insights. From syndicate and proprietary data analysis to forming narratives from complex datasets, your methodologies will involve quantitative analytical approaches that improve overall understanding of market trends and access barriers.

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Common Interview Questions for Sr Analyst, Market Access Insights - Specialty
Can you describe your experience with data analytics in the pharmaceutical industry?

When answering this question, focus on specific projects you have worked on that involved data analysis. Highlight your familiarity with the healthcare landscape and how your analytical insights have driven strategic decisions, much like you would in the Sr Analyst role at AbbVie.

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What methods do you use to communicate complex analytics to stakeholders?

Effective communication is key. You might discuss how you simplify complex data into visual presentations, summaries, or narratives that make insights easily digestible for different stakeholders, which is essential for a Sr Analyst at AbbVie.

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How do you stay updated on market access trends?

Relate your approach to continuous learning, such as following industry news, attending relevant webinars, or participating in professional groups. This showcases your commitment to staying informed, a vital trait for a Sr Analyst navigating dynamic market trends.

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What are the key data points you look at while analyzing payer opportunities?

Discuss specific metrics relevant to market access, such as patient demographics, claims data, formulary placements, and competitor analysis, emphasizing how this aligns with the responsibilities of a Sr Analyst at AbbVie.

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Can you explain a time when you influenced a strategic decision using data?

Share a concrete example where your data-driven insights made a significant impact on a business strategy. Focus on demonstrating how your recommendations led to improved market access or sales—key aspects of the role you're applying for.

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What tools do you prefer for data analytics and why?

Mention specific analytics tools or software you've successfully utilized in previous roles. Talk about your proficiency and the advantages of using those tools to analyze trends, which is directly relevant to the Sr Analyst position.

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How do you approach building relationships with cross-functional teams?

Emphasize the importance of collaboration. Provide examples of how you've successfully partnered with marketing, sales, or other departments, illustrating how relationship-building is crucial for achieving market access goals at AbbVie.

Join Rise to see the full answer
What challenges do you foresee in market access analytics?

Discuss potential barriers like shifting regulations, payer consolidation, or evolving healthcare policies. Highlight your innovative mindset and adaptability as a response to these challenges, aligning with the role’s expectations.

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Describe a project where you conducted thorough competitive analysis.

When responding, detail the steps you took to analyze competitors, including data sources and methods. Discuss the impact of your findings to demonstrate your analytical depth, a crucial skill for the Sr Analyst role.

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How would you ensure alignment of market access insights with commercial goals?

Articulate strategies such as regular communication with commercial teams, sharing insights consistently, and adapting your analytical work to reflect broader brand strategies, which is a vital function of the Sr Analyst at AbbVie.

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AbbVie’s mission is to discover and deliver innovative medicines that solve serious health issues today and address the medical challenges of tomorrow. We strive to have a remarkable impact on people’s lives across several key therapeutic areas: i...

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December 12, 2024

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