We are seeking a highly motivated and analytical Pharma Commercial Forecasting Senior Associate to join our growing team. In this role, you will develop accurate and insightful forecasts to support strategic decision-making across the product lifecycle. You will leverage your expertise in market research, data analysis, and forecasting methodologies to assess market opportunities, develop long-term plans, and identify potential risks.
Key Responsibilities:
Market and Opportunity Assessments:
Conduct Robust market and opportunity assessments to identify growth opportunities and market trends for product launches, portfolio management, and business development strategies.
Forecasting Models:
Develop and maintain robust forecasting models using methodologies such as time series analysis, analogy forecasting, and market sizing techniques. Experience with Python and SQL is a plus.
Data Analysis:
Utilize industry-standard databases (e.g., IQVIA) and internal data sources to analyse market trends, competitor activity, and customer behaviour.
Sales Forecasts:
Create accurate short-term and long-term sales forecasts to support budgeting, resource allocation, and operational planning, using a combination of qualitative and quantitative data.
Scenario Planning:
Participate in scenario planning and risk assessment exercises to identify potential roadblocks and develop mitigation strategies.
Cross-Functional Collaboration:
Collaborate with cross-functional teams to align forecasting models with business goals.
Communication:
Effectively communicate forecasting results through presentations and reports tailored to different stakeholder audiences.
Process Improvement:
Continuously monitor and improve forecasting methodologies and processes. Enhance and streamline routine processes through standardization and automation to increase efficiency and flexibility.
Research Support:
Provide support with secondary research and analysis; stay informed on the latest therapeutic research, clinical developments, and competitive landscape to inform forecasting activities.
What You Bring:
Experience:
3-5 years of experience in the pharmaceutical or life science industry.
Skills:
- Good understanding of pharma/oncology disease areas and indications.
- Strong technical skills and functional expertise in inline & pipeline forecasting with specialized skills in creating models using epi and trend-based approaches.
- Ability to collaborate with internal and external stakeholders for diverse forecasting needs: Strategic/long range planning, budget/tactical planning, Sales & Ops. Planning, Business Development & Licensing etc.
- Strong analytical skills with experience in data analysis, manipulation, coding and visualization (experience with Python, Excel/VBA, Qlik/Tableau and SQL preferred).
- Good understanding of quintessential US, RE and Global pharma datasets for sales/Rx & EPI.
- Experience with market research techniques and familiarity with market research tools and databases.
- Ability to independently work and deliver projects across brand life cycle.
- Passion and commitment to achieve results through individual excellence and collaboration.
- Strong problem solving, communication and customer orientation.
- Understanding of industry standard forecasting platforms, tools and technologies is a plus.