SENIOR PHARMACY FINANCIAL ANALYST
Location: King of Prussia, Pennsylvania, United States
Company: Marsh & McLennan AgencyJob ID R_035953-en Apply
BRIEF DESCRIPTION As a member of the Strategic Initiatives Division the Senior Financial Analyst will support the Trion Pharmacy Practice. This individual will be responsible for providing financial analysis utilizing modeling tools to evaluate pharmacy benefit programs and support the financial evaluation of the Trion Rx Coalitions’ annual contract negotiation process working in concert with the Pharmacy Team. ESSENTIAL DUTIES AND RESPONSIBILITIES include, but are not limited, to the following: - Perform financial and risk analysis support for internal consulting and sales team clients using Trion proprietary models to determine contract valuation; - Assist with annual TrionRx Coalitions contract negotiation process by providing financial analysis support at the direction of the Pharmacy Practice Leader using Trion proprietary models; - Perform the analysis and negotiation of contract terms with the Pharmacy Benefit Manager (PBM) on behalf of clients to secure
optimal, cost-competitive pharmacy procurement; - Review and validate marketing results and TrionRx proposals for accuracy; - Assure contract compliance through reconciliations performed at set intervals throughout the plan year to assure agreed upon performance and financial guarantees are achieved - Complete market check evaluations to confirm contract competitiveness; - Work to provide data elements needed by Third Party firms to perform audits as requested; - Assist with the evaluation, determination and recommendation of alternative formulary, network and pricing models including understanding the mechanics of various point of sale rebate programs available in the market currently; - Participate in prospective client data analysis and presentations; - Work with Pharmacy Practice and Account Team members to provide client deliverables as requested by Account Manager; - Participate in special projects as needed; - Maintain quality service standards and org
anization to assure timely service to Trion team; - Research and remain abreast of the dynamic, competitive pharmacy market including changing players due to recent mega merger activity, employer driven coalitions, increased interest in transparent contracting and constantly changing proposed legislation that governs business. We would consider remote candidates as well as local
REQUIRED EDUCATION AND EXPERIENCE: - Bachelor’s Degree in Risk Management & Insurance, Actuarial Science, Mathematics and/or other related field is preferred or equivalent experience is required; - Minimum of five years prior work experience with prescription drug benefit design and pricing in the Benefits Brokerage, Consulting, or Insurance industry; - Strong background in prescription drug underwriting required; - Effective analytical, math and problem solving skills, sound judgment, strong decision making ability, confidence to make difficult decisions and excellent communication skills; - Must be organized, detail oriented and able to translate big picture ideas into client objectives. KNOWLEDGE, SKILLS AND ABILITIES - Strong organizational, analytical skills and strong attention to detail; - Excellent troubleshooting, decision making and problem solving skills; - Proven ability to support multiple projects simultaneously with attention to detail and proces
s; - Ability to multi-task and work in a fast-paced environment; - Excellent verbal and written communication skills; - Ability to prioritize projects and meet deadlines; - Ability to follow through on and successfully execute tasks while adhering to specified quality standards; - Must be able to effectively interact with people internal and external customers - Intermediate knowledge of MS Office Suite (Word, Excel, Access, Outlook), working knowledge of pivot tables. We would consider remote candidates as well as local candidates.