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The Forecasting team at Amgen serves as a key partner to Commercial leadership, providing strategic guidance and data-backed insights. This role is instrumental in driving commercial success and shaping future strategies for our Rare Disease pipeline assets. The Director of Forecasting will oversee a team of >5 talented individuals (full time Amgen FTE + Contingent Worker) and is responsible for leading the forecasting efforts for several pipeline assets and diseases within the rare disease business unit. The individual in this role will need to skillfully influence and challenge a diverse set of stakeholders from Commercial, R&D, Medical, Finance, Manufacturing, Access, and Pricing/Contracting, while proficiently understanding the nuances of each disease area and markets they support. They will serve as a mentor, developing talent and guiding the team while providing technical guidance in forecasting methodologies. Additionally, the Director will articulate the interplay between Forecasting and related functions within Commercial Data & Analytics (Market Research, Commercial Insights, Competitive Intelligence, and, Analytics) in contributing to the forecast.
Job Responsibility:
Primary point of contact for senior Therapeutic Area leaders to engage in the forecasting deliverables for the organization
Facilitate consensus-building among senior stakeholders to establish clear, transparent, and rigorous WW sales expectations for the pipeline assets by gaining their alignment and endorsement for forecast assumptions
Help leadership identify actionable strategies to maximize Commercial potential by identifying and prioritizing relevant risks & opportunities
Provide recommendations on whether to proceed with product development or discontinue certain projects based on market conditions, financial projections, and strategic goals
Analyze competitors and market dynamics to inform forecasting models and strategic decisions
Develop an objective point of view of brand strategy by integrating insights across multiple functions and capability areas
Leverage communication and interpersonal skills to influence leadership on recommended course of action
Quantify uncertainty through the use of scenario planning and advanced simulation models (e.g. Monte Carlo analysis, statistical trending)
Utilize an in-depth understanding of diverse pharmaceutical data sources (e.g. LAAD, National Audit Rx, Xponent, Epidemiology data sources etc.) and their nuances to develop and implement enhanced forecasting approaches and methodologies
Create and deliver effective presentations that are transparent and articulate all key variables in the forecast, ensuring clarity and comprehensive understanding for stakeholders involved in decision-making processes
Collaborate with the broader CD&A (Commercial Data & Analytics) organization to integrate comprehensive insights and analytics knowledge into the development and refinement of forecasts. This collaboration aims to enhance the depth and accuracy of forecasts by leveraging a broad spectrum of insights across the organization
Drive productivity and efficiency, streamlining forecasting processes where possible
Requirements:
Doctorate degree and 4 years of experience in forecasting in biopharma
Master’s degree and 7 years of experience in forecasting in biopharma
Bachelor’s degree and 9 years of experience in forecasting in biopharma
Leadership experience in building and developing high-performing teams
Ability to quickly establish credibility with and influence SVP level staff
Alignment of teams to best practices and championing new innovative methodologies and tools
Business acumen that lends itself to understanding the context and dynamics of pharmaceutical markets for relevant disease areas
Partnership with business leaders to deliver high-quality predictions guiding strategic decision-making
Oral, written, and presentation skills to explain complex concepts and controversial findings clearly to a variety of audiences, including senior management
What we offer:
A comprehensive employee benefits package, including a Retirement and Savings Plan with generous company contributions, group medical, dental and vision coverage, life and disability insurance, and flexible spending accounts
A discretionary annual bonus program, or for field sales representatives, a sales-based incentive plan