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About arenaflex
Welcome to arenaflex, a leading organization within the U.S. Retail Pharmacy and Healthcare segments. As part of an integrated healthcare, pharmacy, and retail enterprise with a rich 170-year history of caring for communities, arenaflex continues to be a beacon of innovation and compassionate healthcare delivery. Operating nearly 9,000 retail locations across America, Puerto Rico, and the U.S. Virgin Islands, arenaflex takes pride in being a community health destination serving almost 10 million customers every day. Our pharmacists play an essential role in the U.S. healthcare system by providing a wide range of pharmacy and healthcare services, including those that drive equitable access to care for the nation's medically underserved populations.
At arenaflex, we believe that data-driven decision making is the cornerstone of exceptional healthcare delivery. Our pricing and underwriting team is integral to ensuring that our pharmacy benefit management services remain competitive, accessible, and sustainable. We are currently seeking a talented and motivated Pharmacy Pricing & Underwriting Analyst to join our dynamic team from the comfort of your home in Utah. This is a fantastic opportunity for professionals who are passionate about healthcare analytics and want to make a meaningful impact on the accessibility and affordability of pharmaceutical services across the nation.
Position Overview
We are looking for a dedicated professional to undertake monetary modeling through collecting and studying data to make underwriting and pricing recommendations. This role will lead data analytics initiatives, collaborate with internal business partners to expand financial forecast models and supporting documentation, and communicate the end results of such analysis to internal management. The ideal candidate will have a strong foundation in financial analysis, excellent problem-solving skills, and the ability to thrive in a remote work environment.
Key Responsibilities
As a Pharmacy Pricing & Underwriting Analyst at arenaflex, you will be responsible for a wide range of analytical and strategic tasks that directly impact our business operations and client relationships. Your primary duties will include:
- Data Analysis and Modeling: Query, report, and analyze data while preparing analytics, including pricing and financial models leveraging advanced Microsoft Excel, Microsoft Access, and SQL techniques for opportunities received from pharmacy benefit managers, health plans, and/or healthcare consultants.
- Advanced Excel Proficiency: Utilize advanced level Microsoft Excel skills to create and maintain advanced forecasting and underwriting models, including developing pivot tables, creating Macros, using VLOOKUP, INDEX MATCH, SUMIFS, troubleshooting formula errors, and performing formula auditing.
- Database Management: Utilize intermediate level ability of Microsoft Access, SAS, and SQL to query and analyze large and complex data sets, including developing parameter and action queries, joining tables, creating cross-tab queries, and using Macros to provide user interaction and automate tasks.
- Process Improvement: Responsible for tracking, analysis, reporting, automation efforts, and recommendation of process improvements in order to guide and enhance contemporary pricing mechanisms.
- Problem Resolution: Identify and solve pricing issues through performing analysis that involves retrieving and analyzing both internal data and data obtained from third parties.
- Data Interpretation: Analyze data and sets of data to become accountable for the results portrayed through that analysis, ensuring accuracy and reliability of all findings.
- Business Response: Utilize standard operating procedures to analyze and respond to inquiries from internal business partners concerning pricing for various lines of business including retail, specialty, immunizations, and clinics.
- Financial Recommendations: Provide compensation rate recommendations based on complex pricing models for multi-million dollar opportunities.
- Cross-Functional Collaboration: Communicate and collaborate with business partners (at all levels of the organization) in other functional areas, including finance, reporting, operations, business development, and sales.
- Executive Presentations: Present pricing concept recommendations, data analysis, and financial models to management and leadership on a regular basis.
- Documentation: Prepare Senior level executive documentation of pricing concept monetary metric recommendations (Executive Governance Memos).
Essential Qualifications
To succeed in this role, candidates must meet the following requirements:
- Education: Bachelor's Degree in Finance, Economics, Accounting, Math, Business, Actuarial Science, or Pharmacoeconomics; OR High School Diploma/GED with at least three years of experience in Pharmacy Benefit Management (PBM), Contracting, Finance, Account Management, or Pricing; or any combination of education and experience which could provide an equivalent background.
- Technical Knowledge: Knowledge and understanding of data, business metrics, and operational processes.
- Analytical Skills: Strong critical thinking competencies and experience with analyzing and reporting data in order to identify issues, trends, or exceptions to drive improvement of results and discover solutions. Ability to challenge results, address ambiguity, solve problems, make decisions, see trends/patterns in data sets, and identify root causes.
- Communication Skills: Excellent verbal and written communication competencies essential to provide information to executives and leaders throughout the organization.
- Organization: Strong organizational skills and ability to multi-task concurrent assignments while meeting deadlines with a high-quality product.
- Customer Service: Experience providing customer service to internal and external clients, including meeting quality standards.
- Microsoft Office Proficiency:
- Intermediate level skill in Microsoft PowerPoint (for example: applying a topic, formatting person spacing, inserting a picture, changing slide format and theme colors, adding transitions, customizing slide numbers, changing chart style and/or formatting font).
- Intermediate level skill in Microsoft Excel (for example: using SUM function, setting borders, setting column width, setting charts, using text wrap, sorting, setting headers and footers and/or print scaling).
- Intermediate level skill in Microsoft Word (for example: inserting headers, page breaks, page numbers and tables and/or adjusting table columns).
- Travel: Willing to travel up to 10% of the time for business purposes (within state and out of state).
Preferred Qualifications
While not required, the following qualifications would be advantageous:
- Previous experience in Pharmacy Benefit Management (PBM) pricing and underwriting
- Advanced knowledge of healthcare industry pricing models
- Experience working with large-scale data analytics projects
- Strong background in financial forecasting and statistical modeling
- Experience presenting to executive-level stakeholders
Skills and Competencies Required for Success
Ideal candidates will possess a unique blend of technical expertise and interpersonal skills:
- Analytical Thinking: The ability to dissect complex datasets, identify patterns, and translate findings into actionable business insights.
- Attention to Detail: Precision in data analysis is crucial, as pricing models directly impact multi-million dollar opportunities.
- Adaptability: The healthcare and pharmacy industries are constantly evolving; successful candidates must be comfortable with ambiguity and change.
- Collaboration: Working effectively with cross-functional teams across finance, operations, and sales departments.
- Time Management: The ability to prioritize multiple projects and meet tight deadlines without sacrificing quality.
- Problem-Solving: A proactive approach to identifying challenges and developing innovative solutions.
Career Growth Opportunities and Learning Benefits
At arenaflex, we are committed to the professional development of our employees. As part of our team, you will have access to:
- Career Advancement: This role serves as a strong foundation for future leadership positions within the pricing and underwriting department, including senior analyst roles, team lead positions, and management opportunities.
- Continuous Learning: Access to internal training programs, workshops, and certifications to enhance your technical skills in data analytics, financial modeling, and healthcare industry knowledge.
- Mentorship: Guidance from experienced professionals in the field who will help you navigate your career path and develop specialized expertise.
- Industry Exposure: Gain comprehensive knowledge of the pharmacy benefit management industry, healthcare pricing structures, and complex financial modeling techniques.
- Cross-Functional Experience: Opportunity to work with various departments, providing a well-rounded understanding of business operations.
Work Environment and Company Culture
arenaflex fosters a collaborative, inclusive, and innovative work environment. As a remote employee, you will enjoy:
- Flexible Work Arrangements: The ability to work from home while maintaining productivity and work-life balance.
- Inclusive Culture: A workplace that values diversity and ensures equal opportunity for all employees.
- Team Connectivity: Regular virtual meetings, team building activities, and communication platforms that keep you connected with colleagues.
- Community Impact: The satisfaction of working for an organization that genuinely cares about improving healthcare access for all.
- Supportive Leadership: Access to leadership that is committed to your success and professional growth.
Compensation, Perks, and Benefits
We recognize that our employees are our most valuable asset, and we offer a comprehensive benefits package that includes:
- Competitive Salary: $25-35 per hour, commensurate with experience and qualifications.
- Company-Paid Life Insurance: Ensuring peace of mind for you and your family.
- Health Coverage: Medical, Prescription Drugs, Dental, and Vision insurance plans.
- Retirement Savings: 401(k) plan with company match to help you secure your future.
- Employee Stock Purchase Plan: Opportunity to invest in the company's growth.
- Paid Time Off: Generous PTO policy to support work-life balance.
- Holidays: Paid holidays throughout the year.
- Parental Leave: Paid Parental Leave (PPL) for new parents.
- Transportation Benefits: Programs to assist with commuting costs.
- Employee Store Discount: Enjoy exclusive discounts on products and services.
- Voluntary Benefits: Optional Life & Personal Accident Insurance for additional coverage.
Equal Opportunity Employer
arenaflex is an Equal Opportunity Employer, including disability/veterans. We are committed to creating a diverse and inclusive workplace where all employees have the opportunity to thrive and succeed. We encourage applications from qualified individuals regardless of race, color, religion, sex, national origin, age, disability, veteran status, or any other protected characteristic.
Conclusion
Join arenaflex today and become part of a team that is transforming healthcare through innovative pricing strategies and data-driven insights. This is an excellent opportunity for professionals seeking to advance their careers in pharmacy pricing and underwriting while working in a supportive, remote-friendly environment. If you have a passion for analytics, a commitment to excellence, and the desire to make a meaningful impact in healthcare, we encourage you to apply for this exciting opportunity.
Don't miss your chance to grow with an industry leader. Apply now and take the first step toward a rewarding career at arenaflex!
Note: This job description is for use as a guide for undertaking Company and department objectives, and only covers the primary functions and responsibilities of the role. It is in no manner to be construed as an all-encompassing list of duties.