Financial Analytics Manager

Brown & Brown Insurance; United States; Remote; USD 100,000 - 130,000; Full time

Benefits offered by this job

Health benefits

401k

Tuition reimbursement

Mental health services

Paid time off

Job summary

Brown & Brown Insurance is seeking a Financial Analytics Manager to join its growing National Pharmacy Team. You will work with pharmacists, actuaries, data engineers and client engagement managers to deliver financial analytics and reporting for PBM contracts and procurement projects.

The role requires a business/finance analytic background and 2–4 years in Pharmacy Benefit analytics, with strong Excel and MS Office skills, plus Tableau experience.

Qualifications

• Bachelor’s degree in business, finance and/or similar discipline with analytic base.
• 2-4 years’ experience in Pharmacy Benefit analytic consulting.
• Strong experience in MS Office and/or MS Excel.

Responsibilities

• Use proprietary financial analytic tools and Excel to analyze client pharmacy spend and cost drivers.
• Support development of analytics and outcomes using PharmaLogicTM outputs.
• Manage financial aspects of RFP/procurement and market-check processes for clients.

Skills

Financial analytics

Excel modeling

Cross-functional collaboration

Analytical thinking

Education

Bachelor’s degree in business/finance

Tools

Tableau

MS Access

Relational databases

MS Excel

Job description

Built on meritocracy, our unique company culture rewards self-starters and those who are committed to doing what is best for our customers.

The Brown & Brown/Risk Strategies National Pharmacy Team (NPT) is a team of 200+ teammates from across Brown & Brown, including pharmacists, client service representatives, actuaries, analysts, data engineers, developers, care team coordinators and more. The NPT brought together pharmacy specialist resources from many businesses across Brown & Brown organizing our teammates into three distinct teams:

• Pharmacy Consulting and Analytics
• Auditing
• PillarRx Copay Maximization

Our relentless endeavor to obtain the best possible outcome for our clients comes from a belief that PBM contracts should be forthright and transparent. Inefficiencies and rising costs in the U.S. pharmacy industry have a direct impact on people and their health. It’s why plan sponsors strive to provide the best coverage for the best price. It’s also why we are committed to supporting them.

The Role

Brown & Brown is looking for a full-time Financial Analytics Manager to join their growing team. Brown & Brown is already an industry leader in prescription drug benefit savings and analytics. You will join a talented team of pharmacists, actuaries, data engineers and experienced pharmacy benefit client engagement managers. You will bring strong industry knowledge and will serve as a trusted business partner to your internal partners and Brown & Brown customers. A successful candidate is a team player who is creative, organized, detailed oriented, proactive and has strong experience in working in pharmacy benefit analytics.

The Financial Analytics Manager will work on all aspects of financial product and service delivery including RFP/procurement projects, renewals, market-check analysis, and financial analytics & reporting.

Essential Duties and Functions

• Use proprietary financial analytic tools as well as excel to dive deeply into client pharmacy spend and underlying drivers of cost;
• Assist with the development of methodologies, analytics, and outcomes assessments using output from our PharmaLogicTM system;
• Manage all financial aspects of the internal RFP/procurement and market-check process for Brown & Brown clients which includes gathering and analyzing necessary incumbent data, financial evaluation and assessment of PBM RFP responses, working with online procurement tool, and the creation of summary reports, financial analysis and presentations.
• Actively assist and support PBM contract reviews and PBM contract negotiations; including financial modeling and review of language & terms;
• Assist with client presentations and reporting, including the evaluation of client utilization, trends and key findings within the pharmacy benefit;
• Manage, mentor and train a team of financial analysts
• Peer review of RFP evaluations
• Manage all project timelines within the financial team to ensure timely completion
• Work with other internal teams to strategize and improve system and process efficiencies
• Assist with the training of all new employees on financial projects and financial evaluations

Competencies

• Ability to work with financial models and to develop business logic behind them in excel
• Quick self-motivated learner who can initiate and drive new projects in anticipation of management and client goals and objectives
• Ability to work in cross-functionality, prioritize, and multi-task
• Superior critical thinking and analytic skills
• Ability to think strategically and proactively
• Ability to thrive in an environment with minimal oversight and lots of responsibility;
• Possesses a strong work ethic and takes ownership of client goals and objectives;
• Takes initiative and is self-directed;
• Strong teamwork skills, has the ability to encourage cooperation among team members;
• Excellent analytical and organizational skills;
• Planning/organizing—the individual prioritizes and plans work activities and uses time efficiently. Makes good and timely decisions that propels our company forward;
• Adaptability—the individual adapts to changes in the work environment, manages competing demands and is able to deal with frequent change, delays or unexpected events.

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.

Required

• Bachelor’s degree in business, finance and/or similar discipline with analytic base
• 2-4 years’ experience in Pharmacy Benefit analytic consulting
• Strong experience in MS Office and/or MS Excel

Preferred

• Knowledge of both Pharmacy and Medical data
• Experience with Tableau or a similar business intelligence package
• Experience in MS access or understanding of relational databases

Pay Range

$100,000 - $130,000 Annual

The pay range provided above is made in good faith and based on our lowest and highest annual salary or hourly rate paid for the role and takes into account years of experience required, geography, and/or budget for the role.

Teammate Benefits & Total Well-Being

We go beyond standard benefits, focusing on the total well-being of our teammates, including:

• Health Benefits: Medical/Rx, Dental, Vision, Life Insurance, Disability Insurance
• Financial Benefits: ESPP; 401k; Student Loan Assistance; Tuition Reimbursement
• Mental Health & Wellness: Free Mental Health &Enhanced Advocacy Services
• Beyond Benefits: Paid Time Off, Holidays, Preferred Partner Discounts and more.

Not reflective of all benefits. Enrollment waiting periods or eligibility criteria may apply to certain benefits. Benefit details and offerings may vary for subsidiary entities or in specific geographic locations.

Recruiting Vendor Disclosure Statement

Brown & Brown does not accept unsolicited resumes from external recruiters, recruitment vendors or employment agencies (“Recruiting Vendors”). Recruiting Vendors must have a valid written agreement and received prior written authorization from an authorized Brown & Brown representative before submitting candidates for any publicly posted role. Any unsolicited resumes submitted to Brown & Brown or its employees become the property of Brown & Brown, and no fees will be paid for such submissions. Additional information regarding this policy can be found on our careers page.

The Power To Be Yourself

As an Equal Opportunity Employer, we are committed to fostering an inclusive environment comprised of people from all backgrounds, with a variety of experiences and perspectives, guided by our Diversity, Inclusion & Belonging (DIB) motto, “The Power to Be Yourself”.