Director, Forecasting - Neuroscience

Job Description Summary

Location:
#LI-Hybrid

The Insights and Analytics team is dedicated to enabling improved decision making at Novartis by leveraging superior data to identify actionable insights that drive enhanced performance. We collaborate closely with the US business, bringing insights and challenging ideas to empower smarter, data-driven decision-making. Reporting into the ED Forecasting, the Director, Forecasting – Neuroscience is crucial in developing forecasts that align with brand strategies, ensuring that the organization is well-prepared to navigate market dynamics and capitalize on opportunities.

The Director, Forecasting – Neuroscience plays a pivotal role in delivering high-quality, timely insights that drive informed decision-making and strategic planning. This position plays a crucial role in supporting launch preparations, guiding teams in performance tracking, and ensuring that forecasts are both realistic and adaptable to changing conditions.

This role will enable the business organization to drive optimal decisions on investments based on an accurate understanding of brand potential. This individual will work closely with the Business Performance, Decision Science, Data Science and Functional Excellence Reporting teams, ensuring accurate forecast information is disseminated to all relevant stakeholders.

This position will be located at East Hanover, NJ site and will not have the ability to be located remotely. This position will require 10% travel as defined by the business (domestic and/ or international).

 

Job Description

Key Responsibilities:

• Develop realistic, transparent, and assumption-driven demand forecasts, challenging assumptions and apply forecasting methodologies to support the brand strategy
• Prepare robust forecast assumptions by leveraging expertise and analogs from in-line Forecasting team and research from Insights and Analytics team
• Support launch preparations and guide the teams to set up clear post-launch performance tracking by creating and monitoring the short-term revenue forecasts, comparable to actuals in future, and recommending adjustments when applicable
• Maintain accountability for high quality, timely service delivery of forecasting analytic service requests, including requests for solutions requiring sophisticated statistical and machine learning approaches
• Ensure consistent delivery of analytics that drive informed decision-making, including the definition and development of models to be used in answering business and operational questions
• Develop new and innovative analytics models / methods for untapped opportunities, enabling the automation of routine measurements
• Create a checklist for best practices on decomposing forecasts into the granular elements at a subnational, segment level and ensure consistency with other forecast leads
• Coordinate with the IC team in CE Ops to provide territory-level growth goals that aggregate up to the national level
• Drive patient count requests for internal comms, external comms, and IR for all US
• Ensure that value assessments address the impact of key market dynamics and that internal events are logically designed and well-documented

Novartis seeks an individual with extensive experience in the pharmaceutical or healthcare industry, with a strong understanding of market dynamics and regulatory environments. A proven track record of implementing forecasting strategies and driving business outcomes through data driven insights is crucial for this role. The candidate should excel in driving quality forecasts that align closely with actual outcomes.

Essential Requirements:

• A Bachelor's degree in Business Administration, Statistics, Data Science, Economics, or a related field; an MBA or advanced degree is preferred
• Minimum 8+years of experience in forecasting, analytics, and strategic planning, or a similar role within the pharmaceutical or healthcare industry
• Commitment to driving and enabling data-driven decision making throughout all levels of the organization
• Experience in developing and applying various forecasting methodologies to support brand strategies and business objectives in the context of the pharmaceutical industry
• Demonstrated experience in fostering a culture of innovation and continuous improvement, developing new models and methods to enhance forecasting accuracy and efficiency
• Experience in managing multiple projects simultaneously, ensuring timely delivery and alignment with business goals
• Experience in managing relationships with key stakeholders, including senior leadership and external partners
• Ability to work effectively with cross-functional teams and drive strategic initiatives
• Excellent verbal and written communication skills to articulate and present forecast results to key stakeholders persuasively
• Strong analytical and problem-solving skills with the ability to interpret complex data and generate actionable insights
• Proficiency in data analysis, statistical modeling, and machine learning techniques
• Ability to thrive in a fast-paced, dynamic environment and adapt to changing business needs and priorities

Novartis Compensation Summary:

The salary for this position is expected to range between $185,500.00 and $344,500.00 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, sex, national origin, age, sexual orientation, gender identity or expression, marital or veteran status, disability, or any other legally protected status. 

 

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 to perform the essential functions of a position, please send an e-mail to us.reasonableaccommodations@novartis.com or 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.

 

Salary Range

$185,500.00 - $344,500.00

 

Skills Desired

Agility, Agility, Brand Analysis, Brand Awareness, Commercial Excellence, Cross-Functional Collaboration, Customer Engagement, Customer Experience, Customer Insights, Data Strategy, Digital Marketing, Go-To-Market Strategy, Healthcare Needs, healthcare outcomes, Influencing Skills, Inspirational Leadership, launch products, Marketing Strategy, Media Campaigns, People Management, Product Marketing, Product Roadmap, Return on Investment (ROI), Stakeholder Engagement, Stakeholder Management {+ 2 more}