Formulary Operations Specialist

Scope of Responsibilities

• Synthesize and deliver accurate, market trend deliverables to internal and external entities.
• Ensure the integrity of drug pipeline maps, market trend analysis, and formulary documentation while maintaining compliance with regulatory standards.
• Create draft reviews for submittal to Director of Clinical and Formulary Operations for approval prior to delivery to various internal and external parties.

Job Summary

The Formulary Operations Specialist is a highly independent and structural role within the Vertex team. This member is responsible for monitoring and identifying market changes and trends to ensure Vertex maintains a strong competitive position. This member is also responsible for developing key deliverables for internal and external clients expressing formulary, trends, placement, and differentiating information.

Education/Licensure Required

• A High School Diploma or GED
• National Certification as a Pharmacy Technician in good standing

Experience Required

• Minimum 5 years of experience in drug information, formulary management, or managed care pharmacy.
• Prior exposure to cost-effectiveness analysis and integration of clinical insights with financial considerations.
• Prior involvement in pipeline monitoring and formulary strategy development.
• Experience collaborating with analytics and finance teams for rebate and formulary optimization.

Job Skills Required

• Regulatory Awareness: Understanding of FDA regulations, safety alerts, and compliance requirements for formulary processes.
• Technical Proficiency: Familiarity with drug information databases (e.g., Medispan, First Data Banks) and formulary management tools.
• Data Analytics: Ability to interpret formulary data structures and communicate data effectively with finance and analytics teams.
• Proficiency in Microsoft Excel is required.
• Communication Skills: Excellent written and verbal communication for preparing informational materials and presenting to committees.
• Collaboration: Ability to work effectively with clinical, financial, and operational teams to align formulary decisions with organizational goals.
• Problem-Solving: Strategic thinking to balance clinical and financial considerations in formulary development.

Compensation

$30.00-35.00 per hour. The final offer will be determined after careful consideration of multiple factors such as relevant skills, years of experience and education.