About the position
The Senior Advisor, Strategy & Financial Analysis will provide consultation to custom formulary clients through contract interpretation and rebate financial modeling. As a Sr. Advisor, you will have the opportunity to identify strategic opportunities for clients to optimize their formulary to drive value for both internal and external organizations. Works collaboratively with cross functional teams and may lead interdepartmental teams or projects to drive process improvements. Internally recognized and trusted as the formulary rebate modeling subject matter expert.
Responsibilities
• Provide consultation and through rebate contract interpretation and strategic opportunity identification
• Mentor Advisors and Lead Analysts to help support department training needs
• Meet directly with large and most complex custom clients to review modeling and cultivate relationships with Formulary Decision Makers (i.e. Pharmacy Directors, VP’s, etc.).
• Evaluate client data, create scenarios, and provide expert formulary modeling and guidance for existing clients in alignment with department strategic objectives that drive value to both clients and ESI.
• Collaborate with Clinical Account Executives to create strategy for Custom Clients based on formulary scenarios, rebate offerings, and modeling options.
• Develop and execute formulary modeling for complex RFP requests- prospect clients and client renewals in alignment with department strategy
• In collaboration with Clinical Account Executives discuss with clients any potential utilization management programs under evaluation to ensure that all modeling and requirements of these programs are accurately represented and in alignment with Pharmaceutical rebate contract.
• Analyze the financial impact of client requested formulary changes to both the client and Express Scripts.
• Create presentations for client formulary strategy and/or consulting meetings including all supporting documentation.
• Strategize with cross-functional areas of Express Scripts, including but not limited to Account Management, Pricing, Product, Finance, and New Sales.
• Lead interdepartmental team calls as required to discuss rebate invoicing eligibility terms/conditions.
• Effectively document and communicate formulary analysis projects. (i.e., model maintenance and QC).
• Ensures optimization of work processes for formulary modeling strategies and achievement of department goals
Requirements
• Bachelor’s degree in Pharmacy, Finance, Healthcare or related area
• 5+ years relevant work experience in PBM, Managed Care, Healthcare, or Finance
• 4 years of significant formulary management/development experience
• Strong Leadership, Detail Oriented Organizational, and Analytical skills
• Excellent PC skills – including Excel, PowerPoint and MS Access, experience with database
• Financial modeling experience
• Proven ability to work in a fast paced – ever changing environment
• Excellent relationship building and cross functional skills
Nice-to-haves
• Pharm.D./MBA a plus
• Familiarity with pharmaceutical rebate contracts a plus
Benefits
• medical
• vision
• dental
• well-being and behavioral health programs
• 401(k)
• company paid life insurance
• tuition reimbursement
• a minimum of 18 days of paid time off per year
• paid holidays
• leaves of absence