Pharmacy Financial Analyst

The Brown & Brown/Risk Strategies National Pharmacy Team (NPT) is a team of 200+ teammates from across Brown & Brown, including pharmacists, client service representatives, actuaries, analysts, data engineers, developers, care team coordinators and more. The NPT brought together pharmacy specialist resources from many businesses across Brown & Brown organizing our teammates into three distinct teams:

• Pharmacy Consulting and Analytics
• Auditing
• PillarRx Copay Maximization

Our relentless endeavor to obtain the best possible outcome for our clients comes from a belief that PBM contracts should be forthright and transparent. Inefficiencies and rising costs in the U.S. pharmacy industry have a direct impact on people and their health. It’s why plan sponsors strive to provide the best coverage for the best price. It’s also why we are committed to supporting them.

Brown & Brown is looking for a full-time Pharmacy Financial Analyst to join their growing team. Brown & Brown is already an industry leader in prescription drug benefit savings and analytics. You will join a talented team of pharmacists, actuaries, data engineers and experienced pharmacy benefit client engagement managers. You will bring strong industry knowledge and will serve as a trusted business partner to your internal partners and Brown & Brown customers. A successful candidate is a team player who is creative, organized, detailed oriented, proactive and has strong experience in working in pharmacy benefit analytics.

The Pharmacy Financial Analyst will work on all aspects of financial product and service delivery including RFP/procurement projects, renewals, market-check analysis, and financial analytics & reporting.

Your Impact

• Use proprietary financial analytic tools as well as excel to dive deeply into client pharmacy spend and underlying drivers of cost
• Assist with the development of methodologies, analytics, and outcomes assessments using output from our PharmaLogicTM system
• Manage all financial aspects of the internal RFP/procurement and market-check process for Brown & Brown clients which includes gathering and analyzing necessary incumbent data, financial evaluation and assessment of PBM RFP responses, working with online procurement tool, and the creation of summary reports, financial analysis and presentations
• Actively assist and support PBM contract reviews and PBM contract negotiations; including financial modeling and review of language & terms
• Assist with client presentations and reporting, including the evaluation of client utilization, trends and key findings within the pharmacy benefit
• Manage, mentor and train a team of financial analysts
• Peer review of RFP evaluations
• Manage all project timelines within the financial team to ensure timely completion
• Work with other internal teams to strategize and improve system and process efficiencies
• Assist with the training of all new employees on financial projects and financial evaluations

Successful Candidate Will Have

• Bachelor’s degree in business, finance and/or similar discipline with analytic base
• 2-4 years’ experience in Pharmacy Benefit analytic consulting
• Strong experience in MS Office and/or MS Excel
• Knowledge of both Pharmacy and Medical data
• Experience with Tableau or a similar business intelligence package
• Experience in MS access or understanding of relational databases

At Risk Strategies Company, base pay is one part of our total compensation package, which also includes a comprehensive suite of benefits, including medical, dental, vision, disability, and life insurance, retirement savings, and paid time off and paid holidays for eligible employees. The total compensation for a position may also include other elements dependent on the position offered. The expected base pay range for this position is between $109,400 - $175,000 annually. The actual base pay offered may vary depending on multiple individualized factors, including geographical location, education, job-related knowledge, skills, and experience.

Risk Strategies is the 9th largest privately held US brokerage firm offering comprehensive risk management advice, insurance and reinsurance placement for property & casualty, employee benefits, private client services, as well as consulting services and financial & wealth solutions. With more than 30 specialty practices, Risk Strategies serves commercial companies, nonprofits, public entities, and individuals, and has access to all major insurance markets. Risk Strategies has over 100 offices and over 5,000 employees across the US and Canada.

Our industry recognition includes being named a Best Places to Work in Insurance for five consecutive years (2018-2022) and on the Inc. 5000 list as one of America’s Fastest Growing Private Companies. We are committed to being good stewards for our company, culture, and communities by having a strong focus on Environmental, Social, and Governance issues.

Pay Range:

The pay range provided above is made in good faith and based on our lowest and highest annual salary or hourly rate paid for the role and takes into account years of experience required, geography, and/or budget for this role.

Risk Strategies is an equal opportunity workplace and is committed to ensuring equal employment opportunity without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, Veteran status, or other legally protected characteristics. Learn more about working at Risk Strategies by visiting our careers page: www.risk-strategies.com/careers.

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