Pharmacy Benefits Actuarial Consultant

Company:Mercer

Description:

We are seeking a talented individual to join our Pharmacy Benefits Management practice at Mercer located in one of cities where we have a Mercer office. This role will be based in a hybrid environment, requiring at least three days a week in the office. 

What can you expect:

As a Pharmacy Benefits Actuarial Consultant, you will serve as a senior resource to the Actuarial and Financial Group (AFG), reviewing policy and modeling issues including Pharmacy trends. Priorities will be leading consulting engagements with large employers regarding the financial evaluation of pharmacy benefit plans and programs and assisting in negotiations with benefits carriers and vendors to secure plan coverage for these employers.

We will count on you to:

• Manage pharmacy projects and junior staff in completion of program review, financial assessments, implementations, plan design analyses and financial projections, pharmacy renewals, benchmarking, pharmacy benefit marketing, diagnostic reports, vendor and performance management
• Establish effective carrier/vendor relationships to serve clients in benefits procurement and administration
• Leverage Mercer's size and reputation to negotiate highly competitive rates and coverage options from carriers and vendors
• Interact with members of the Managed Pharmacy Practice (MPP) client teams and Mercer H&B teams
• Develop sophisticated benefits design and renewal strategies
• Effectively communicate Mercer's position on latest industry financial trends to clients and Mercer H&B consultants
• Monitor success of projects in terms of scope, budget, timeliness and client satisfaction
• Incorporate compliance and professional standards into all work processes, including transparency, actuarial, peer review and maintaining required licensure
• Thrive and be motivated by an environment that embraces AI and technology-enabled tools.

What you need to have:

• BA/BS degree required; master’s degree highly valued
• 5+ years of experience in financial analysis consulting and/or actuarial work
• Experience identifying, designing, recommending and implementing efficient, innovative business solutions to clients' complex challenges
• Superior analytical and mathematical skills, strategic planning, communication, and listening skills
• Excellent organizational and project management skills with the ability to prioritize and handle multiple and complex tasks in a demanding work environment
• Proven management skills in leading large, complex projects

What makes you stand out:

• Pharmacy Financial Consulting experience is preferred.
• ASA or FSA designation
• Actuary expertise preferred
• Underwriting experience preferred

Why join our team: 

• We help you be your best through professional development opportunities, interesting work and supportive leaders.
• We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients, and communities.
• Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.

Mercer is a business of Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information about Mercer, visit mercer.com, or follow us on LinkedIn and X.

Marsh is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, veteran status (including protected veterans), or any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting [email protected].

Marsh is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.

The applicable base salary range for this role is $93,500 to $187,000.

The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.

We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.