Job Description
Description
The Pricing Analyst works within the Financial, Actuarial and Analytics (FAA) team and closely with the Pharmacy Practice within Health and Benefits. As a Pharmacy Pricing Analyst you will contribute to a wide variety of complex projects involving design, financing and ongoing management of pharmacy benefit programs. This is a foundational 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 Analyst specializing in pharmacy, you will work beside some of the industry's top consultants while you progress toward becoming a thought leader of the future.
You will have immediate exposure to real client assignments which will draw on your imagination and creativity as well as your ability to analyze data, draw conclusions and present results. These experiences will help build your technical knowledge and overall industry expertise.
Your main responsibilities will be as follows:
- Partner with consultants and team members to perform financial analyses including cost savings and data analysis projections, 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 negotiation vendor products, services, contracts and pricing guarantees
- Design, distribute and evaluate responses to RFPs
- 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 select client deliverables
Qualifications
- Bachelor's or master's degree in mathematics, statistics, finance, public health, health management or any other major with significant quantitative course work
- Work experience that demonstrates strong technical and/or client service skills (analyst type of internship preferred)
- 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
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 $60,000.00 to $80,000.00 USD per year.
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 paid 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),
- Retirement Benefits: Contributory Pension Plan and Savings Plan (401k).
The position allows for flexible working:
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.