Benefit Manager, Pharmacy

GEICO; New York (NY); Hybrid; USD 88,000 - 158,000; Full time

Job summary

GEICO is seeking a Benefit Manager, Pharmacy to oversee pharmacy vendor relationships and operational activities. This mid-senior role involves strategizing benefit offerings, managing multi-year forecasts, and ensuring alignment with business needs, all within a hybrid working environment.

Benefits

Medical, Dental and Vision Insurance

Paid Vacation, Sick and Parental Leave

401(k) Plan

Tuition Assistance

Paid Training and Licensures

Qualifications

• 5+ years of experience managing direct reports.
• Experience in benefits strategy and design preferred.
• Ability to work autonomously and manage multiple priorities.

Responsibilities

• Manages pharmacy vendor relationships and operational activities.
• Participates in annual renewal activities and negotiations.
• Regularly reviews program utilization to monitor financial performance.

Skills

Project Management

Communication

Analytical Skills

Resilience

Education

Bachelor’s degree

Tools

Microsoft Office

Workday

Job description

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This range is provided by GEICO. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$88,150.00/yr - $157,850.00/yr

Primary Responsibilities

• Manages key pharmacy vendor relationships and day-to-day operational activities including contracting, service delivery and performance management. Proven track record of success with managing large pharmacy contracts.
• Participates in annual renewal activities and negotiations for self-funded and fully insured vendors to ensure market-competitive financial terms and services.
• Regularly reviews health care program utilization and claims experience to monitor plan financial performance and identify emerging cost drivers and trends.
• Provides plan design recommendations to leadership based on understanding of plan performance and market benchmarks/best practices.
• Includes comprehensive analysis of plan financial/member impact and business case development.
• Supports multi-year forecasting of self-funded and fully insured health care program costs in alignment with the Long Range Planning process.
• Supports annual budget and contribution setting analysis.
• Assists in the development and analysis of vendor Requests for Proposal (RFPs), as needed.
• Develops close working relationships with key People Group and business stakeholders to proactively ensures that benefit offerings align with business needs.
  
  

Minimum Requirements

• Bachelor’s degree
• 5+ years of experience managing direct reports
• 5+ years administering benefits, with experience in benefits strategy, design, and with digital and visual platforms and communication systems preferred
• Ability to manage multiple priorities and stakeholders, working comfortably with ambiguity and with a high sense of urgency
• Resilient and able to respond under pressure
• Strong project management skills
• Able to work autonomously and provide independent opinions
• Excellent communication skills and ability to articulate complex issues concisely
• Excellent multi-tasking and prioritizing with strong track record of meeting challenging deadlines
• Strong analytical skills to manage large data volumes, understand and produce trends with commentary
• Advanced skills with Microsoft Office (PowerPoint, Excel and Workday)
• Adheres to the GEICO Code of Conduct, company policies, and operating principles
• Meets attendance standard of the business location, to perform necessary job functions and to facilitate interaction with subordinates and management
• This is a hybrid (3-days/week in office) role and open to all GEICO corporate office locations
  
  

Annual Salary

$88,150.00 - $157,850.00

The above annual salary range is a general guideline. Multiple factors are taken into consideration to arrive at the final hourly rate/ annual salary to be offered to the selected candidate. Factors include, but are not limited to, the scope and responsibilities of the role, the selected candidate’s work experience, education and training, the work location as well as market and business considerations.

At this time, GEICO will not sponsor a new applicant for employment authorization for this position.

Benefits

As an Associate, you’ll enjoy our Total Rewards Program* to help secure your financial future and preserve your health and well-being, including:

• Premier Medical, Dental and Vision Insurance with no waiting period**
• Paid Vacation, Sick and Parental Leave
• 401(k) Plan
• Tuition Assistance
• Paid Training and Licensures
• Benefits may be different by location. Benefit eligibility requirements vary and may include length of service.
• Coverage begins on the date of hire. Must enroll in New Hire Benefits within 30 days of the date of hire for coverage to take effect.
  
  

The equal employment opportunity policy of the GEICO Companies provides for a fair and equal employment opportunity for all associates and job applicants regardless of race, color, religious creed, national origin, ancestry, age, gender, pregnancy, sexual orientation, gender identity, marital status, familial status, disability or genetic information, in compliance with applicable federal, state and local law. GEICO hires and promotes individuals solely on the basis of their qualifications for the job to be filled.

GEICO reasonably accommodates qualified individuals with disabilities to enable them to receive equal employment opportunity and/or perform the essential functions of the job, unless the accommodation would impose an undue hardship to the Company. This applies to all applicants and associates. GEICO also provides a work environment in which each associate is able to be productive and work to the best of their ability. We do not condone or tolerate an atmosphere of intimidation or harassment. We expect and require the cooperation of all associates in maintaining an atmosphere free from discrimination and harassment with mutual respect by and for all associates and applicants.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Human Resources

• Industries

  Insurance

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