Pharmacy Benefits Actuarial Consultant

About the role

We are seeking a talented individual to join our Pharmacy Benefits Management practice at Mercer located in one of our Mercer offices. This role will be based in a hybrid environment, requiring at least three days a week in the office.

Responsibilities

• Manage pharmacy projects and junior staff in completion of program review, financial assessments, implementations, plan design analyses and financial projections, pharmacy renewals, benchmarking, pharmacy benefit marketing, diagnostic reports, vendor and performance management
• Establish effective carrier/vendor relationships to serve clients in benefits procurement and administration
• Leverage Mercer's size and reputation to negotiate highly competitive rates and coverage options from carriers and vendors
• Interact with members of the Managed Pharmacy Practice (MPP) client teams and Mercer H&B teams
• Develop sophisticated benefits design and renewal strategies
• Effectively communicate Mercer's position on latest industry financial trends to clients and Mercer H&B consultants
• Maintain transparency, actuarial, peer review and maintain required licensure
• Incorporate compliance and professional standards into all work processes
• Thrive and be motivated by an environment that embraces AI and technology-enabled tools

Requirements

• BA/BS degree required; master’s degree highly valued
• 5+ years of experience in financial analysis consulting and/or actuarial work
• Experience identifying, designing, recommending and implementing efficient, innovative business solutions to clients' complex challenges
• Superior analytical and mathematical skills, strategic planning, communication, and listening skills
• Excellent organizational and project management skills with the ability to prioritize and handle multiple and complex tasks in a demanding work environment
• Proven management skills in leading large, complex projects

Qualifications

• Pharmacy Financial Consulting experience is preferred
• ASA or FSA designation
• Actuary expertise preferred
• Underwriting experience preferred

Skills

Thrive and be motivated by an environment that embraces AI and technology-enabled tools.

Benefits

We help you be your best through professional development opportunities, interesting work and supportive leaders. We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients, and communities. Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.

Pay

The applicable base salary range for this role is $93,500 to $187,000. The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis.

Schedule

This role will be based in a hybrid environment, requiring at least three days a week in the office.