Financial Analytics Consultant - Pharmacy Benefit Management

Pharmaceutical Strategies Group (PSG) relentlessly advocates for clients as they navigate complex and ever-changing drug cost management challenges. Our mission, as we partner together with our clients, is to develop innovative drug management solutions that deliver exceptional insights with financial and clinical value.

PSG, an EPIC Company, is fueled and driven by capable, committed people who share common beliefs and values and “bring it” every day. For over 30 years PSG has been leading the way in pharmacy intelligence and growing as a result. This means we have opportunities for you to join our amazing team of talented individuals!

JOB OVERVIEW:

The Financial Consultant will be focused on supporting needs for clients and the consulting team related to Pharmacy Benefit Management (PBM) financial analytics.  This individual will be responsible for providing financial analytics and consultative support for internal and external clients within PSG.  The position will support PBM procurements, renewals, market checks and other facets of PSG’s business, such as; evaluating and projecting cost trends, addressing complex industry issues, and process improvement. The individual must have strong analytical and communication skills along with the ability to execute in a fast-paced team environment.  In addition, the individual must have 5 or more years of experience working with and analyzing pharmacy data and understanding the PBM or healthcare industries.  

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Primary Responsibilities

• Review all components related to financial bids in PBM procurement and renewal projects
• Prepare financial comparisons using complex pricing models for the PBM procurement, renewal, and market check processes
• Participate in client discussions regarding PBM vendor RFPs, renewals and market checks
• Support Consulting division with analytic support around various cost analyses
• Assist in other analytic projects as needed

Required Skills

• Bachelor’s degree in Business, Mathematics, Economics, Finance or health care related field
• Proficiency with Microsoft Excel, Word, Outlook, and PowerPoint (advanced knowledge in Excel a plus)
• Basic understanding of SQL
• Strong analytical, problem-solving, organization, critical thinking, and time management skills
• Excellent attention to detail and quality
• 5+ years of pharmacy data experience
• 5+ years of experience and understanding of the PBM (pharmacy benefit management) industry

Desired Skills

• 5+ years of analytics, reporting, or modeling experience
• 5+ years of PBM or Pharmacy underwriting experience
• Ability to learn quickly and work on multiple projects simultaneously
• Ability to work creatively, both independently and as part of a team
• Strong verbal and written communication skills
• Ability for some travel (10%)

COMPENSATION:

The national average annual salary for this role is $110k to $150k in base pay and exclusive of any bonuses or benefits. The base pay offered will be determined based on your experience, skills, training, certifications, and education, while also considering internal equity and market data.

Salary based on background and experience. Benefits include full medical, pharmacy, dental, vision, life and disability insurance, paid vacation, sick leave, 401k match and annual bonus potential.

WHY PSG:

PSG is part of EPIC Insurance Brokers & Consultants. Between all of our divisions, EPIC has over 60 offices and 3,000 employees nationwide – and we’re growing! It’s a great time to join the team and be a part of this growth. We offer:

• Generous Paid Time off
  • Unlimited PTO for salaried employees; 22 PTO days starting out for hourly employees; 12 company-observed paid holidays; 4 early-close days; plus additional paid days off
• Generous leave time options: Paid parental leave, pregnancy disability and bonding leave, and organ donor/bone marrow donor leave
• Generous employee referral bonus program of $1,500 per hired referral
• Quarterly employee recognition program for demonstrating EPIC’s values plus additional employee recognition awards and programs (and trips!)
• Employee Resource Groups: Women’s Coalition, EPIC Veterans Group
• Professional growth & development: Mentorship Program, Tuition Reimbursement Program, Leadership Development
• Unique insurance, such as Pet Insurance and Cancer Insurance
• Additional benefits include (but are not limited to): 401(k) matching, flexible work options, medical insurance, dental insurance, vision insurance, and wellness programs
• 50/50 Work Culture: EPIC fosters a 50/50 culture between producers and the rest of the business, supporting collaboration, teamwork, and an inclusive work environment. It takes both production and service to be EPIC!
• EPIC Gives Back – Some of our charitable efforts include Donation Connection, Employee Assistance Fund, and People First Foundation
• We’re a top 10 privately held insurance brokerage
• We’ve consistently been voted “Best place to work” in the insurance industry since 2009

EPIC embraces diversity in all its various forms—whether it be diversity of thought, background, race, religion, gender, skills or experience. We are committed to fostering a work community where every colleague feels welcomed, valued, respected and heard. It is our belief that diversity drives innovation and that creating an environment where every employee feels included and empowered, helps us to deliver the best outcome to our clients. 

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