Pharmacy Financial/Actuarial Senior Associate (Remote)

Willis Towers Watson; Chicago (IL); Remote; USD 100,000 - 125,000; Full time

Job summary

An established industry player is seeking a Senior Pricing Associate to join their Financial, Actuarial and Analytics team. This role offers the chance to work on complex pharmacy benefit programs, providing a unique opportunity to enhance your financial acumen and client management skills. Collaborating with top consultants, you will engage in financial analyses, vendor negotiations, and project management. If you are a self-starter with strong analytical skills and a passion for client service, this position will allow you to thrive in a dynamic environment while contributing to innovative projects in the health and benefits sector.

Qualifications

• 5+ years in managing large group pharmacy benefit plans.
• Strong financial skills and experience in pharmacy pricing preferred.

Responsibilities

• Perform financial analyses and develop client documents.
• Lead project management and ensure progress against objectives.

Skills

Financial Analysis

Data Analysis

Client Management

Communication Skills

Analytical Skills

Problem Solving

Education

Bachelor's Degree

Tools

Microsoft Excel

Microsoft PowerPoint

Job description

Description

The Senior Pricing Associate works within the Financial, Actuarial and Analytics (FAA) team and closely with the Pharmacy Practice within Health and Benefits. As a Senior Pharmacy Pricing Associate, you will contribute to a wide variety of complex projects involving design, financing, and ongoing management of pharmacy benefit programs. This role provides excellent opportunities to grow your pharmacy and broader health and benefits financial acumen and client management skills by working on cutting-edge projects alongside leaders in the industry.

The Role

As a Senior Pricing Associate specializing in pharmacy, you will work beside some of the industry’s top consultants, drawing on your experience while you continue to progress toward becoming a thought leader of the future.

Your client assignments will draw on your imagination and creativity as well as your ability to analyze data, draw conclusions, and present results. These experiences will build on your existing technical knowledge and overall industry expertise.

Your main responsibilities will be as follows:

• Partner with consultants and team members to perform financial analyses including cost savings and data analysis projections, review and update of pricing and other analytical models.
• Develop client analyses and other related documents for WTW clients and prospects including presentations and review of pharmacy contracts.
• Analyze, compare, and negotiate vendor products, services, contracts, and pricing guarantees.
• Design, distribute, and evaluate responses to RFPs.
• Serve as lead project manager; materially contribute to project plan creation and lead the team on delivery; ensure progress against established objectives, budgets, timelines, deliverables, and quality standards.
• Support the pharmacy practice on intellectual capital initiatives such as development of new financial models or tools as applicable.
• Assist with the preparation and presentation of client deliverables.

Qualifications

• 5+ years’ experience and success in the design/management of large group pharmacy benefit plans gained in a consulting, brokerage, pharmacy benefit manager, or carrier environment.
• Strong financial skills; prior experience in pharmacy pricing, underwriting, or valuation work preferred.
• Bachelor’s degree required, preferably with significant quantitative coursework.
• Excellent oral and written communication skills.
• Excellent Microsoft Office skills, particularly in Excel and PowerPoint.
• Well organized and detail-oriented.
• Flexibility and proven ability to identify and resolve issues.
• Strong client service orientation and ability to respond to all communications effectively and in a timely manner.
• Self-starter attitude and ability to work individually and as part of a team.
• Strong analytical, creative, and integrative skills.
• State Life and Health license required within 90 days of joining.