Senior Director- Pharmacy Financial, Actuarial and Analytics Consulting

Willis Towers Watson; Arlington (VA); Hybrid; USD 160,000 - 180,000; Full time

Benefits offered by this job

Health benefits

401(k) plan

Paid time off

Hybrid work

Job summary

Willis Towers Watson seeks a Senior Director in Pharmacy Financial leadership to guide complex valuation and design of client pharmacy benefit programs. You will analyze financial impacts, develop pricing models, and present insights to clients and internal teams.

You will lead project delivery, mentor junior team members, and collaborate across health and benefits experts to deliver superior value in a rapidly changing healthcare landscape.

Qualifications

• 10+ years’ experience designing/managing large group pharmacy benefit plans in a consulting, brokerage, PBM or carrier environment.
• Strong financial skills; prior experience in pharmacy pricing, underwriting or valuation work preferred.
• Bachelor’s degree required, with significant quantitative coursework.
• Excellent oral and written communication skills.
• Excellent Microsoft Office skills, particularly in Excel and PowerPoint.
• Strong analytical, creative and integrative skills.
• Self-starter attitude and ability to work independently or in a team.
• State Life and Health license required within 90 days of joining.

Responsibilities

• Partner with consultants to review and perform financial analyses, including cost savings and data projections.
• Develop client analyses and 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, renewals and market checks.
• Lead project management, create plans and ensure progress against objectives, budgets, timelines and quality.

Skills

Pharmacy benefits design

Financial analysis

Vendor negotiation

Project management

Communication

Education

Bachelor’s degree

Tools

Excel

PowerPoint

Job description

Description

The Senior Directorworks within the Financial and Analytics (FAA) team and closely with the Pharmacy Consulting Practice within Health and Benefits. As a Pharmacy Senior Director, you will contribute to a wide variety of complex projects involving design, financing and ongoing management of pharmacy benefit programs.Your client assignments will draw on your imagination and creativity as well as your ability to analyze data, draw conclusions and present results. You will serve as a key voice to the marketplace of one of the world’s leading HR consulting firms and have the ability to contribute to the evolution of pharmacy and broader health care delivery in North America.

The ideal candidate brings influence and strategic thinking to address unique client needs in the pharmacy space and to more broadly evolve our practice. You will collaborate with a strong team of highly experienced consultants within the pharmacy practice as well as engage in cross-functional activities with other health and benefits colleagues and subject matter experts who together deliver unparalleled value to our clients and the broader pharmacy community.

The Role
As a Financial Senior Director specializing in pharmacy, you will help a diverse group of clients navigate the pharmacy landscape, helping them understand find their best path in a rapidly changing environment through your work analyzing the financial impacts of different options.

Your main responsibilities will be as follows:

• Partner with consultants and team members to review and perform financial analyses including cost savings and data analysis projections, create, 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, renewals and market checks
• 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
• Manage and mentor junior colleagues on the pharmacy financial team
• Present and explain complex pharmacy benefit financial strategies such as PBM pricing models, adjudication and reconciliation logic, financial guarantee exclusion strategies and the impacts to financial results to internal partners and clients
• Participate in financial strategy meetings with external partners

Qualifications

• 10+ 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
• Strong analytical, creative and integrative skills
• 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

• Interest and aptitude in keeping abreast of the latest developments in pharmacy and broader health and benefits plan strategy and contributing to the development of new tools and approaches

• State Life and Health license required within 90 days of joining

Note: Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.

This position will remain posted for a minimum of three business days from the date posted or until a sufficient/appropriate candidate slate has been identified.

Compensation and Benefits
Base salary range and benefits information for this position are being included in accordance with requirements of various state/local pay transparency legislation. Please note that salaries may vary for different individuals in the same role based on several factors, including but not limited to location of the role, individual competencies, education/professional certifications, qualifications/experience, performance in the role and potential for revenue generation (Producer roles only).

Compensation
The base salary compensation range being offered for this role is $ 160,000.00 - $180, 000.00 USD annually.
This role is also eligible for an annual short-term incentive bonus.

Company Benefits
WTW provides a competitive benefit package which includes the following (eligibility requirements apply):

• Health and Welfare Benefits: Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Group Accident, Group Critical Illness, Life Insurance, AD&D, Group Legal, Identify Theft Protection, Wellbeing Program and Work/Life Resources (including Employee Assistance Program)
• Leave Benefits: Paid Holidays, Annual Paid Time Off (includes state/local paid leave where required), Short-Term Disability, Long-Term Disability, Other Leaves (e.g., Bereavement, FMLA, ADA, Jury Duty, Military Leave, and Parental and Adoption Leave), Paid Time Off (only included for Washington roles)
• Retirement Benefits: Qualified contributory pension plan (if eligible) and 401(k) plan with annual nonelective company contribution. Non-qualified retirement plans available to senior level colleagues who satisfy the plans’ eligibility requirements.

Pursuant to the San Francisco Fair Chance Ordinance and Los Angeles County Fair Chance Ordinance for Employers, we will consider for employment qualified applicants with arrest and conviction records.

At WTW, we trust you to know your work and the people, tools and environment you need to be successful. The majority of our colleagues work in a "hybrid" style, with a mix of remote, in-person and in-office interactions dependent on the needs of the team, role and clients. Our flexibility is rooted in trust and "hybrid" is not a one-size-fits-all solution.

We understand flexibility is key to supporting an inclusive and diverse workforce and so we encourage requests for all types of flexible working as well as location-based arrangements. Please speak to your recruiter to discuss more.

EOE, including disability/vets