The Financial Analyst Trade Relations is responsible for supporting the trade relations functions of the company by providing high quality analyses and reporting quantifying the impact of various deal structures on costs and claims utilization. This position has no direct reports.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
- Create, prepare and maintain financial models to support negotiations and monitor the performance
of pharmaceutical manufacturer agreements
- Analyze savings opportunities available from rebates, formulary, benefit design
- Prepare ad hoc reports and analyses to support decision making and executive management
- Quantify the financial impact of various formulary strategy alternatives
- Provide consultation regarding trends, forecasting and future planning
- Coordinate the timely implementation of pharmaceutical manufacturer agreements
- Ensure audit trail and compliance systems are maintained
- Participate in development and implementation of initiatives, as needed, to improve processes and
procedures
- Other duties as assigned
Bachelor's degree in finance, accounting, business, engineering, mathematics, or statistics
Financial and statistical reporting knowledge and experience
Ability to identify the key parts of a contract and effectively support negotiations
Intermediate in SQL or Tableau Reporting
PBM - Pharmacy Benefit Management Industry Experience
Benefit packages for this role will start on the 31st day of employment and include medical, dental, and vision insurance, as well as HSA, FSA, and DCFSA account options, and 401k retirement account access with employer matching. Employees in this role are also entitled to paid sick leave and/or other paid time off as provided by applicable law.