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Senior Manager, Forecasting

Ferring Pharmaceuticals

Ferring Pharmaceuticals

Parsippany-Troy Hills, NJ, USA
Posted on Wednesday, June 26, 2024

Job Description:

As a privately-owned, biopharmaceutical company, Ferring pioneers and delivers life-changing therapies that help people build families and live better lives. Our independence helps us cultivate an entrepreneurial spirit and long-term perspective that enables us to achieve growth and scale, while remaining agile and true to our ‘people first’ philosophy. Built on a 70-year plus commitment to science and research, Ferring is relentless in its pursuit of science that drives powerful discoveries and therapies to help people build families, stay healthy, and stand up to the world’s oldest enemy: disease.

The Senior Manager, Forecasting role resides within the Forecasting team, which is part of the Data Science and Analytics unit and acts as the main business partner for forecasting needs across all business units (BUs). This role regularly interacts with Market Access and Brand Analytics leads to understand brand performance and market trends. The Senior Manager, Forecasting is responsible for building and maintaining demand forecasting models for the US portfolio of products and for coordinating all demand forecasting workstreams in partnership with stakeholders ranging from Finance to Market Access and Trade.

With Ferring, you will be joining a recognized leader, identified as one of “The World’s Most Innovative Companies” by Fast Company, and honored by Fortune with inclusion on its “Change the World List,” for addressing society’s unmet needs. Ferring US is also Great Places to Work® Certified, distinguishing it as one of the best companies to work for in the country.

Responsibilities:

  • Develop and implement accurate demand forecasts for entire Ferring portfolio of products using advanced quantitative methods, including exponential smoothing, Holt-Winters, ARIMA, and regression analysis.
  • Analyze and interpret key pharmaceutical datasets such as Xponent, DDD, and claims data to inform forecasting models and business decisions.
  • Collaborate with cross-functional teams, including marketing, sales, supply chain, and finance, to ensure alignment of forecasts with business strategies and objectives.
  • Monitor and refine forecasting models to improve accuracy and reliability over time.
  • Provide actionable insights and recommendations based on forecasting results to support strategic planning and operational decision-making.
  • Stay current with industry trends, emerging methodologies, and best practices in pharmaceutical forecasting and analytics.
  • Prepare and present detailed forecasting reports and presentations to senior leadership and stakeholders.
  • Manage multiple forecasting projects simultaneously, ensuring timely and high-quality delivery of results.

Requirements:

  • Minimum of a Bachelor of Science degree in business management, finance, statistics, or a related field. MBA / advanced degree preferred.
  • 5+ years of experience in pharmaceutical forecasting, commercial analytics, or relevant experience in a consulting firm.
  • US specialty market and launch experience preferred.
  • Excellent influencing, communication, and interpersonal skills.
  • Ability to influence and interact at multiple levels of the organization, manage multiple competing priorities, and drive decisions that lead to positive business outcomes.
  • Strong analytical, business acumen, and problem-solving skills with hands-on experience with SQL and data visualization tools such as Power BI
  • Demonstrated analytical, interpretative, and problem-solving skills.
  • Proven ability to socialize relevant insights and takeaways more broadly and influence business decisions and priorities.
  • Knowledge of the pharmaceutical industry and external factors influencing market dynamics.
  • Highly developed communication skills with the ability to story-tell using data and influence executive leadership in a way that can bridge the gaps among multiple stakeholders (technical and non-technical) at varying levels.
  • Strong ability to work on multiple projects simultaneously, balancing priorities, and working with cross-functional teams.
  • Mastery of pharmaceutical industry data sources such as Prescription, APLD, Non-retail, Hospital and Boutique/SP) required.
  • Highly proficient in Microsoft Office applications (specifically Excel and PowerPoint).

Ferring + you

At Ferring, we offer competitive total compensation along with an exceptional range of flexible benefits, personal support and tailored learning and development opportunities all designed to help you realize your full potential both in life and at work. From working hours that respect your lifestyle, a culture that is welcoming and equitable, and the chance to work with the industry’s most impressive people, these are just some of the ways we live our "People First" philosophy.

Our Compensation and Benefits

At Ferring, base salary is one part of our competitive total compensation and benefits package and is determined using a salary range. The base salary range for this role is $103,550 to $188,500, which is the reasonable estimate of the base compensation for this role. The actual amount paid may differ based on non-discriminatory factors such as experience, knowledge, skills, abilities, education and primary work location. Additional compensation for this role will be provided based on competitive annual incentive compensation targets in the form of an annual bonus - payouts are based on individual and company performance.

Benefits for this role include: comprehensive healthcare (medical, dental, and vision) with a premium differential, inverse to base salary, to be paid by employees; a 401k plan and company match; short and long-term disability coverage; basic life insurance; wellness benefits; reimbursement for certain tuition expenses; sick time frontloaded yearly of 40 hours, or higher if state or local law requires; vacation time for full time employees to accrue between 112.5 and 150 hours yearly in the first four (4) years of employment, and additional accruals starting in the fifth (5th) year of employment; and 12 to 13 paid holidays per year. We are proud to offer 26 weeks of paid parental leave, learn more about the parental leave offering in our benefits package here. For roles that are not field-based, Ferring has a policy that allows employees to work up to two days from home and three at a Ferring site, weekly.

Ferring is an equal opportunity employer. All aspects of employment will be based on merit, competence, performance, and business needs. We do not discriminate on the basis of gender, race, color, religion, marital status, age, national origin, ancestry, physical or mental disability, medical condition, pregnancy, genetic information, sexual orientation, gender identity or expression, veteran status, or any other status protected under federal, state, or local laws.

Join our team and your voice will be heard, and your contributions will be valued. If you love to come up with new ways to make a positive difference and see them through, you will fit right in.

We are proud to be an Affirmative Action/Equal Opportunity Employer (including Disability/Protected Veterans). We maintain a drug-free workplace.

Location:

Parsippany, New Jersey