Team Member – Pricing Management
Location: Mumbai Central, Maharashtra, India
Employment Type: Permanent
Posting Date: June 15, 2025
Req ID: 91836
Job Purpose:
To manage Rx pricing for the Indian market by ensuring accurate pricing documentation, compliance with NPPA regulations, and timely implementation of pricing strategies that support topline and bottom-line growth. The role involves regulatory response, stakeholder coordination, pricing analytics, and system automation for enhanced decision-making.
Key Accountabilities:
1. Pricing Analytics for India Business (Rx):
Drive quarterly and annual price hikes with Commercial Finance Managers.
Provide NPPA-governed pricing insights to support informed decision-making.
Plan and implement MRP hikes on new stock for revenue optimization.
Maintain a Price Master detailing MRP, margins, hike due dates, etc.
2. Regulatory Compliance & Notifications:
Respond to NPPA notifications and demand notices with required documentation.
Prepare submissions and preliminary responses to NPPA queries.
Guide management on new launches in light of regulatory changes.
Provide impact assessments and mitigation plans to protect business interests.
3. Automation & Process Simplification:
Lead automation projects to consolidate pricing data into a single platform.
Collaborate with vendors for UAT, validation, and go-live of automation tools.
4. Provisioning & MIS:
Ensure timely provisions for MRP audits and risk-based product launches.
Collaborate with Legal to anticipate regulatory demands and update books accordingly.
5. Stakeholder Management:
Liaise with auditors and address queries via documentation and calculations.
Oversee MRP updates at material and batch levels; manage stock pricing decisions.
Drive inventory pricing accuracy across depots and respond to deviations effectively.
6. Major Challenges & Solutions:
Multi-stakeholder coordination: Proactively communicate and align with teams.
Regulatory volatility: Monitor and manage continuous updates through structured tracking.
Consensus alignment: Facilitate regular discussions with Legal, Corporate Affairs, and Business to finalize pricing.
Key Interactions:
Internal: Finance (CFMs/CFHs), Legal, Supply Chain, Corporate Affairs, One India CEO/CFO
External: Automation consultants, P2P vendors
Job Dimensions:
Manages Rx pricing for revenue base of approx. ₹9,000 Cr
Decision-making authority over data submissions, pricing compliance, and automation scope
Qualifications:
Education: Chartered Accountant or MBA (Finance)
Experience: 3–5 years minimum; pharma pricing experience preferred
Skills: Strong analytics, regulatory interpretation, compliance knowledge, and cross-functional communication
Estimated Salary: ₹10–₹16 LPA (depending on experience and pharma pricing exposure)
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