Pharmacy Financial/Actuarial Associate Director (Remote)

WTW • Cleveland, OH

17d • Remote

About The Position

The Associate Director works within the Financial, Actuarial and Analytics (FAA) team and closely with the Pharmacy Practice within Health and Benefits. As a Pharmacy Associate Director you will contribute to a wide variety of complex projects involving design, financing and ongoing management of pharmacy benefit programs. This role that 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 Pricing Associate Director 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.

Requirements

• 6+ 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

Responsibilities

• 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

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Number of Employees: 5,001-10,000 employees