Director, Drug Evaluation

2 weeks ago

Toronto, Ontario, Canada Manulife Full time

We are a leading financial services provider committed to making decisions easier and lives better for our customers and colleagues around the world.

From our environmental initiatives to our community investments, we lead with values throughout our business.

To help us stand out, we help you step up, because when colleagues are healthy, respected and meaningfully challenged, we all thrive.

Discover how you can grow your career, make impact and drive real change with our Winning Team today.

Working Arrangement
Hybrid


Manulife is looking for a strategic and experienced Director, Drug Evaluation to lead our initiatives in optimizing pharmaceutical coverage and formulary management.

T his position will be mainly responsible for overseeing the drug review process, managing formulary policies, and providing oversight of Product Listing Agreement (PLA) negotiation s.


In an evolving pharmaceutical landscape, Manulife strives to provide innovative pharmacy benefits solutions to optimize health outcomes of members and ensure drug plan sustainability of sponsors.

At a time when new therapies are emerging at an unprecedented rate and at an unprecedented cost, this role takes on the challenges of slowing the growth curve, without compromising health outcomes and experience.


Key Accountabilities:

  • Lead the strategic development and evolution of formularies and drug management programs, such as Prior Authorization and DrugWatch, in alignment with overarching business goals.
  • Oversee the execution of the drug review process, including drugspecific formulary/program listing decision, using a rigorous evidencebased approach focused on clinical outcomes and costeffectiveness.
  • Provide oversight in PLA negotiations, to ensure the program is consistently delivering value to our group benefits clients.
  • Monitor and analyze program performance to identify opportunities for improvement, drive innovation and optimize program outcomes.
  • Manage relationships with thirdparty vendors and service providers involved in drug reviews and PLA negotiations, ensuring alignement with Manulife's objectives and standard of performance.
  • Serve as the primary point of contact for pharmaceutical manufacturers, fostering strong and collaborative relationships.
  • Partner, influence and collaborate with multiple internal key stakeholders (Operations, Distribution, Finance, Marketing), to ensure seamless integration of pharmacy solutions and to build and strengthen teamwork, performance and efficiencies. Provide strong leadership and guidance to a team of professionals responsible for drug evaluation, fostering a culture of collaboration, innovation and execution excellence.

Job Requirements (Education, Experience, Knowledge, Skills and Competencies):

  • University degree in Pharmacy or related health field; advanced degree preferred
  • 10+ years of relevant work experience, ideally in a role related to drug evaluation (private or public payer), PLA negotiation and/or market access
  • Solid understanding of drug evaluation processes, including its clinical and economic considerations (pharmacoeconomic modeling, budget impact analysis).
  • Leadership experience in managing high performing team
  • Strong understanding of group/pharmacy benefits, including Manulife's offering and Canadian industry trends
  • Proven excellence in developing and managing strategic partnerships
  • Ability to work across a complex, fastpaced and dynamic environment both internally and externally to lead teams with multiple mandates and differing value drivers
  • Proficiency to summarize complex and technical concepts/information, to enable decision making
  • Excellent interpersonal and prioritysetting skills Excellent presentation skills, including PowerPoint, graphs, charts, etc.

What can we offer you?

  • A competitive salary and benefits packages.
  • A growth trajectory that extends upward and outward, encouraging you to follow your passions and learn new skills.
  • A focus on growing your career path with us.
  • Flexible work policies and strong worklife balance. Professional development and leadership opportunities.

Our commitment to you

  • Valuesfirst culture
We lead with our Values every day and bring them to life together.

  • Boundless opportunity
We create opportunities to learn and grow at every stage of your career.

  • Continuous innovation
We invite you to help redefine the future of financial services.

  • Delivering the promise of Diversity, Equity and Inclusion
We foster an inclusive workplace where everyone thrives.

  • Championing Corporate Citizenship
We build a business that benefits all stakeholders and has a positive social and environmental impact.

About Manulife and John Hancock


Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better.

With our global headquarters in Toronto, Canada, we operate as Manulife across our offices in Asia, C

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