Robert Figueras Email & Phone Number

Morris Plains, New Jersey, United States

• Lead team of 55 involved in all aspects of Accredo Specialty Pharmacy drug procurement, drug setup and contractual compliance.
• Responsible for management of SP drug spend in excess of $45b annually.
• SP pharma contracting purchasing and inventory SME. Review, redline and approve procurement aspects of contracting, volume commitments and inventory management agreements.
• Track rebate trends and ensure Accredo is 100% compliant in meeting incentive requirements. Incentives at stake in excess of $15m annually.
• Work in concert with manufacturer and vendor Account Management, supporting adhoc data requests and analysis via SQL reporting.
• Prepare sales volume forecasts for client facing purchase commitment negotiations and contract pricing.

• Work with Treasury management and executive level to provide inventory forecasts, fluctuation analysis, report and readout for all divisions of ESI. Appx. $2b inventory levels.
• Led Specialty inventory reduction project resulting in 9 DOH working inventory reduction valued at $622m based on 4Q17 daily SP COGS.
• Track rebate trends and ensure that Advanced Therapy buyers are 100% compliant in meeting rebate requirements.
• Review and ensure accurate pricing in our inventory systems for cost data which flows from purchase orders down through cost of inventory and cost of goods sold, working closely with AP and Finance.
• Led Strategic Drug Sourcing role on WIMS project to implement an Oracle inventory system so all post-merger locations can transition to one consolidated platform.
• Maintain daily reporting through SQL queries for inventory with purchase commitments which easily identifies sales volume, current on hand cost, quantities and days on hand.

• Led a department consisting of one manager and three staff analysts in order to ensure purchasing compliance and accuracy for over $21 billion in company-wide annual drug spend
• Identified opportunities within operations where dispensing a generic instead of brand drug can be easily substituted resulting in greater profit margin for the company. Individual cases have identified up to $120k of.
• Reviewed and ensured accurate pricing in our inventory systems for cost data which flows from purchase orders down through cost of inventory and cost of goods sold, working closely with AP and Finance
• Worked with vendors to assure cost related billing accuracy and follow up on collection of variances
• Department lead on current project to implement a new Oracle inventory system so all post-merger locations can transition to one consolidated platform
• Created daily reporting through SQL queries for inventory with purchase commitments which easily identifies sales volume, current on hand cost, quantities and days on hand

Franklin Lakes, New Jersey

• Managed three staff accountants in order to accurately handle $1.1 billion of inventory
• Perform all aspects of managing Inventory Accounting business unit including hiring, objective setting, performance management and compensation management
• Daily Duties included receipt, transfer, cycle count, vendor returns, pricing discrepancy and quantity discrepancy reconciliations and maintenance
• Reviewed and approved monthly closing elements including cost of sales adjustments, pricing adjustment accrual, overage/shortage accrual, timing accrual and correction document reconciliation
• Prepared final Inventory accruals of $375+ million, FIFO adjustments and profit in inventory for our subsidiaries
• Attended and contributed to monthly financial close meetings with corporate controller and CFO, work directly with all levels of leadership up to executive level

• Supervise three staff accountants and one data entry clerk
• Monthly closing duties including booking journal entries for packaging supply accruals, cost of sales, transfers and write-offs for $3 million packaging account
• Successfully complete journal entries by day two of accelerated closing schedule
• Review and approve monthly pricing variance accrual
• Analyze by age and amount, schedule of risk and opportunity in order to resolve outstanding credits and invoices in order to keep vendor statements current
• Analyze monthly cost of inventory adjustments against contract and wholesale prices

• Invoiced drug manufacturers for quarterly/annual rebates for Medicare Discount Card Program and Commercial Contracts
• Compared invoice amounts to estimates to ensure reasonableness
• Monitored company compliance with manufacturer contract obligations
• Prepared ad hoc analysis as required
• Ensured accounts receivable balances were current and would follow-up as required
• Analyzed any payment discrepancies for senior management’s review

• Prepared monthly journal entries for packaging supply accruals, transfers and write-offs
• Reconciled vendor return documents for all pharmacies with actual credit received
• Accurately coded, tracked and booked journal entry for variance on return documents
• Worked closely with each pharmacy to keep packaging accounts and open items current
• Analyzed and reported weekly status of $45 million of outstanding returns