PBM Product Strategies Analyst

Elevance Health • Wallingford, CT

1d • Hybrid

About The Position

The PBM Product Strategies Analyst is responsible for partnering with product, finance, strategy, and business teams to evaluate product performance, financial outcomes, and growth opportunities. This role combines financial analysis, data analytics, and business intelligence to provide actionable insights that drive product investment decisions, profitability, pricing strategies, and operational efficiency. The ideal candidate has strong analytical skills, financial modeling experience, and the ability to translate complex data into meaningful business recommendations.

Requirements

• Requires a BA/BS in Finance or related field and a minimum of 1 years of experience with Pharmacy Benefits Manager (PBM), data analysis; or any combination of education and experience, which would provide an equivalent background.

Nice To Haves

• Bachelor's degree in Finance, Accounting, Economics, Business Analytics, Statistics, Mathematics, or related field preferred.
• 0-2 years of experience in finance, business analytics, product analytics, FP&A, or a related analytical role.
• Strong financial modeling and forecasting skills.
• Proficiency in Excel and financial analysis techniques.
• Strong analytical, problem-solving, and communication skills.
• Experience with SQL and/or SAS for database querying

Responsibilities

• Implements new processes, process improvements, and best practices related to product analytics.
• Creates and implements product level metrics and supports performance measures to establish performance objectives for revenue maximization and ROI tracking.
• Creates tools and processes to monitor margin revenue and product success.
• Monitors revenue performing below thresholds and implements necessary tasks to bring performance to or above targets.
• Supports product teams in implementing future revenue, upsell opportunities (member expansion), and growth capacity.
• Analyze product usage, client behavior, adoption trends, and engagement metrics while identifying opportunities to improve product performance and business outcomes through data-driven recommendations.
• Partner with product managers to assess business cases for new features, products, and investments.
• Support budgeting, forecasting, and long-range planning activities.

Benefits

• merit increases
• paid holidays
• Paid Time Off
• incentive bonus programs
• medical
• dental
• vision
• short and long term disability benefits
• 401(k) +match
• stock purchase plan
• life insurance
• wellness programs
• financial education resources

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level