Overview
This role is on the Pharmacy Benefits Management (PBM) Underwriting team. As an individual contributor, you will use business, industry, competitive, client, and technical knowledge to develop pricing strategy and execute financial modeling for comprehensive pricing offers. Offers may include retail network, mail order, specialty, and pharmaceutical manufacturer rebates for PBM client contracts.
Responsibilities
- Model and develop Truecost pricing proposals for Health Plan Clients
- Collaborate with PBM Sales and Account Services to provide recommendations on pricing and negotiation strategy to achieve revenue and profitability targets for new business growth and margin retention
- Use advanced Excel modeling techniques to analyze large sets of pharmacy claims data
- Build forward-looking financial forecasts and profit and loss (P&L) statements
- Present financial analyses to Executive Leadership during Executive Underwriting Approval Calls and respond to financial questions in real time
- Support Underwriting Managers and Sr. Managers with ad-hoc financial analyses and client implementation projects
- Communicate client pricing to internal and external partners to support accurate pricing implementation and help minimize service warranties and performance guarantee payouts
- Execute and implement evolving pricing strategies in response to market dynamics to deliver competitive, profitable, and attractive pricing offers
Required Qualifications
- 4 or more years’ financial analysis, pricing, or corporate underwriting experience
- Proficiency in Microsoft Excel in complex data analysis
Preferred Qualifications
- Basic knowledge of PBM finance
- Experience managing complex projects over 3–12 months in a matrix environment
- Professional interpersonal skills, including the ability to foster teamwork and knowledge sharing
- Advanced Excel modeling
- Strong organizational, multi-tasking, and follow-up skills
- Strong presentation and communication skills, including experience presenting to various business groups
- Master’s Degree
Education
Bachelor’s Degree in Finance, Mathematics, Economics, or a related field; or equivalent work experience may be considered
Compensation & Benefits
- Typical pay range (base): $46,988.00 - $122,400.00
- Eligible for a bonus, commission, or short-term incentive program in addition to the base pay range listed above
- Full-time role with eligibility for medical, dental, and vision coverage, paid time off, retirement savings options, wellness programs, and other resources (based on eligibility)
Hours & Employment Type
- Anticipated weekly hours: 40
- Time type: Full time
Location
Application Deadline
Equal Employment Opportunity
Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state, and local laws.