Our work matters. We help people get the medicine they need to feel better and live well. We do not lose sight of that. It fuels our passion and drives every decision we make.
Sr. Rebate Trade Analyst - Remote
The Senior Trade Relations Analyst is responsible for performing multifaceted financial analyses to assess manufacturer contract performance, plan performance and to develop rebate estimates related to pharmaceutical rebate agreements. This position is also responsible for developing recommendations based on financial analysis results.
Responsibilities
- Assist the contract negotiators in providing financial analyses of manufacturer rebate proposals and operations including sensitivity analyses, competitive offer assessments, performance tracking and scenario building
- Research, compile, and analyze rebate pricing and trending data for client facing documents
- Lead the completion of contracts relating to the Trade Relations Department which includes financial analysis, formulary comparisons, suggested net cost improvements, and responding to inquiries
- Assist in new analyst training, creation of training documentation and new procedures
- Create new financial models and queries using SASEG, Alteryx, or other applicable programs including multiple table joins, understanding of table structures, creation of detailed formulas, advanced understanding of SAS Code
- Perform net profit analysis, analyze data from various sources to inform the business on factors driving performance.
- Serve as the SME for rebate guarantees contractually agreed to and liaise with stakeholders from across the business to provide guidance and provide performance related information.
- Ability to support development of new data models, formulas, coding as needed to optimize research and analysis capabilities.
- Represent the Trade Relations department at client Pharmacy and Therapeutic Review meetings and participate in corporate strategy and client net cost discussions
- Assist in developing efficient and accurate financial contract assessment tools, leading the design and implementation of additional reporting support tools, and the proactive investigation of a wide variety of manufacturer issues and opportunities
- Lead the creation of non-financial tools and analyses to support the development of manufacturer relationships which includes proactive marketplace assessments, exploration of internal support requirements to implement contractual agreements, and the tracking of formulary status decisions
- Other duties as assigned
Minimum Qualifications
- Bachelor's degree in Business or related area of study, or equivalent combination of education and/or related work experience; HS diploma or GED is required
- 5 years of work experience in contracts, finance and/or healthcare
- Must be eligible to work in the United States without need for work visa or residency sponsorship
Additional Qualifications
- Experience using tools such as Tableau, GCP, SAS EG, and Salesforc
- Experience working with PBM contracts, specifically rebate guarantees and/or network guarantees.
Preferred Qualifications
- Extensive experience using analytic tools, and familiarity with SAS EG, GCP & Alteryx
- Advanced proficiency in Microsoft products including Access, Excel and Word
- Strong analytical skills
Minimum Physical Job Requirements
- Constantly required to sit, use hands to handle or feel, talk and hear
- Frequently required to reach with hands and arms
- Occasionally required to stand, walk and stoop, kneel, and crouch
- Occasionally required to lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds
- Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and ability to adjust focus
Reporting Structure
- Reports to a Manager Reporting & Analytics in the Trade Department
"Positions will be posted for a minimum of five consecutive workdays."
Potential pay for this position ranges from $85,600.00 - $128,400.00 based on experience and skills. Pay range may vary by 8% depending on applicant location.
To review our Benefits, Incentives and Additional Compensation, visit our Benefits Page and click on the "Benefits at a glance" button for more detail.
Prime Therapeutics LLC is an Equal Opportunity Employer. We encourage diverse candidates to apply and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex (including pregnancy), sexual orientation, gender identity or expression, genetic information, marital status, family status, national origin, age, disability, veteran status, or any other legally protected class under federal, state, or local law.
Positions will be posted for a minimum of five consecutive workdays.
What We Do
Everything we do is connected to helping people get the medicine they need to feel better and live well. It’s meaningful work and we’ve been doing it for over 20 years.
In the pharmacy benefit management (PBM)industry, we’re different. We’re owned by 18 not-for-profit Blue Cross and Blue Shield health plans. This allows us to control costs and empower our employees to put members first. It’s a successful combination. We have the lowest pharmacy trend in the industry and serve 28+ million members throughout the US.
In addition to core PBM services, we work closely with our clients to implement the right benefit design, clinical and specialty programs, formulary and networks. A few key products:
• NetResults™
• Specialty Drug Management
• Best in Care™
• GuidedHealth®
• Advanced Fraud, Waste and Abuse: Member and Prescriber Investigations
• Prime Analytics™
• CareCentered Contracting™Controlled Substance Management Program
Join us!
Prime is always looking for smart, purposeful people to join our team. We’re growing fast which means there are plenty of opportunities to advance and grow in your career.
At the same time, Prime supports flexibility and offers generous PTO so you can enjoy an enviable work/life balance. We’re a privately held company -big enough to make a difference and small enough for you to have an impact.
Follow Prime on LinkedIn to learn more.