The Senior Financial Analyst is responsible for completing underwriting and analytical functions within the organization. This role involves underwriting development, implementation, and refinement of strategies that ensure competitive pricing and profitability for pharmacy benefit programs. The position requires a deep understanding of pharmacy benefits, data analysis, and risk management.
Responsibilities
- Implement & perform underwriting process for pharmacy benefit programs, including pricing strategies and risk assessment.
- Implement underwriting guidelines and procedures to ensure consistency and accuracy.
- Evaluate complex underwriting models.
- Identify market trends, competitive threats, and opportunities for innovation.
- Drive initiatives to improve profitability and competitive positioning.
- Work closely with internal stakeholders, including finance, operations, and clinical teams, to ensure alignment on underwriting and analytical strategies.
- Develop strategic relationships with external stakeholders, including consultants, brokers, and other industry leaders.
- Communicate findings and recommendations to senior leadership and other key stakeholders.
- Leverage advanced technology and data analytics tools to enhance underwriting processes and analytical capabilities.
- Stay updated with industry trends and technological advancements to continuously improve practices.
Qualifications
- Bachelor’s degree in finance, Business Administration, Economics, or a related field. Master’s degree or similar/relevant experience is preferred.
- Minimum of 4 years of experience in underwriting, analytics, or a related field within the healthcare or insurance industry.
- Strong knowledge of pharmacy benefit management and the pharmaceutical industry.
Skills & Competencies
- Proven experience in data analysis and financial modeling.
- Excellent leadership, communication, and interpersonal skills.
- Proficiency in analytical software and tools (e.g., SQL, Excel, BI tools).
- Ability to think strategically and drive results in a fast-paced environment.
Physical Requirements
This largely sedentary role may require occasional standing, walking, bending, and reaching. The employee will primarily work in an office or home office setting, utilizing a computer, mouse, keyboard, and standard office equipment such as a printer, copier, and phone. Travel may be required by car, airplane, or a combination of transportation modes.
Salary
$85,000–$105,000
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