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Join arenaflex as a Pharmacy Pricing & Underwriting Analyst
Are you ready to embark on a transformative career journey with a leader in integrated healthcare? arenaflex is seeking a talented and driven Pharmacy Pricing & Underwriting Analyst to join our dynamic team. This is a remarkable opportunity to play a pivotal role in shaping the financial future of healthcare pricing while working from the comfort of your home. At arenaflex, we believe that great talent deserves flexibility, and we're committed to fostering an environment where your analytical skills can truly shine.
For over a century, arenaflex has been at the forefront of American healthcare, serving millions of customers across the nation. As part of the broader arenaflex Boots Alliance family, we take pride in our mission to create more joyful lives through better health. Our integrated approach combines cutting-edge technology with compassionate care, making us a trusted community health destination. When you join arenaflex, you become part of a legacy that values innovation, integrity, and an unwavering commitment to improving health outcomes for all.
About This Opportunity
This position represents an exciting opportunity for professionals who are passionate about data analysis, financial modeling, and making a meaningful impact in the healthcare industry. As a Pharmacy Pricing & Underwriting Analyst at arenaflex, you will be responsible for undertaking complex monetary modeling by accumulating and studying data to make underwriting and pricing recommendations. Your analytical expertise will directly influence multi-million dollar opportunities, making this role both challenging and incredibly rewarding.
You will lead data analytics initiatives, collaborate with internal business partners to expand financial forecast models, and assist in developing comprehensive documentation. A critical aspect of this role involves effectively communicating the results of your analysis to internal management, presenting your findings with clarity and confidence. This is a position that requires both technical excellence and strong business acumen, as you will be working at the intersection of finance, healthcare, and technology.
Key Responsibilities
As an integral member of our pricing and underwriting team, you will be tasked with a variety of responsibilities that include:
- Advanced Data Analysis: 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 healthcare consultants.
- Financial Modeling: 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: Apply intermediate-level proficiency in 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 monitoring, evaluation, reporting, automation efforts, and recommending process improvements to guide and enhance contemporary pricing mechanisms.
- Problem Resolution: Identify and solve pricing issues through analysis that involves retrieving and analyzing both internal data and information obtained from third-party sources.
- Business Partnership: 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.
- Strategic Recommendations: Provide compensation rate recommendations based on complex pricing models for multi-million dollar opportunities while maintaining accuracy and attention to detail.
- Cross-Functional Collaboration: Communicate and collaborate with business partners at all levels of the organization in different 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 financial metric recommendations, including 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 that could provide an equivalent background.
- Technical Knowledge: Strong knowledge and understanding of data, business metrics, and operational processes essential for success in this role.
- Analytical Skills: Strong critical thinking competencies and experience with analyzing and reporting data 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 skills 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.
- Technology Proficiency:
- Intermediate-level skill in Microsoft PowerPoint (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 (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 (inserting headers, page breaks, page numbers and tables and/or adjusting table columns)
- Travel: Willingness 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 make a candidate stand out:
- Advanced degrees or certifications in finance, actuarial science, or related fields
- Previous experience in pharmacy benefit management or healthcare pricing
- Knowledge of healthcare industry regulations and compliance requirements
- Experience with data visualization tools beyond the Microsoft suite
- Background in working with cross-functional teams in a corporate environment
Skills and Competencies for Success
At arenaflex, we look for candidates who demonstrate the following competencies:
- Analytical Excellence: The ability to dissect complex data sets, identify meaningful patterns, and translate findings into actionable business insights.
- Attention to Detail: Meticulous approach to financial modeling and pricing calculations, ensuring accuracy in multi-million dollar recommendations.
- Strategic Thinking: Capability to understand broader business objectives and align analytical work accordingly.
- Adaptability: Comfortable working in a dynamic environment where priorities may shift and new challenges emerge regularly.
- Self-Motivation: Ability to work independently while maintaining strong communication with team members and stakeholders.
- Continuous Learning: Eagerness to stay current with industry trends, emerging technologies, and best practices in healthcare pricing.
Career Growth and Learning Opportunities
At arenaflex, we believe in investing in our employees' professional development. As a Pharmacy Pricing & Underwriting Analyst, you will have access to extensive training programs, mentorship opportunities, and pathways for career advancement. Our internal learning resources and cross-functional projects will help you expand your skillset and gain exposure to different aspects of the business.
This role serves as an excellent foundation for future career progression within arenaflex, potentially leading to senior analyst positions, team leadership roles, or specialization in areas such as contract negotiations, strategic pricing, or enterprise analytics. We support our employees in pursuing professional certifications and continuing education that align with their career goals.
Work Environment and Culture
As a Work from Home employee with arenaflex, you'll enjoy the flexibility of remote work while remaining connected to our collaborative team culture. We provide the technology and resources necessary to succeed in a virtual environment, including regular team meetings, virtual collaboration spaces, and comprehensive onboarding support.
Our culture at arenaflex is built on mutual respect, diversity, and inclusion. We believe that diverse perspectives drive innovation, and we're committed to creating an environment where every employee feels valued and empowered to contribute their best work. As an Equal Opportunity Employer, we welcome candidates of all backgrounds and provide accommodations for individuals with disabilities and veterans.
Compensation and Benefits
We recognize that our employees are our most valuable asset, and we're committed to providing competitive compensation and comprehensive benefits. The hourly rate for this position ranges from $25 to $35 per hour, commensurate with experience and qualifications.
Our benefits package includes:
- Company-Paid Life Insurance for your peace of mind
- Comprehensive Medical, Prescription Drugs, Dental, and Vision coverage
- Retirement Savings Plan (401(k)) with company matching
- Employee Stock Purchase Plan to share in our success
- Generous Paid Time Off (PTO) and holidays
- Paid Parental Leave (PPL) to support growing families
- Transportation Benefit Plan for commuting convenience
- Employee Store Discount on products and services
- Voluntary Life and Personal Accident Insurance options
Why arenaflex?
By joining arenaflex, you become part of something bigger than yourself. Our 170-year history of caring for communities has taught us that when we invest in our people, everyone benefits. We pride ourselves on being a community health destination that serves nearly 10 million customers daily across almost 9,000 retail locations.
Our pharmacists play an essential role in the U.S. healthcare system, providing a wide range of pharmacy and healthcare services that drive equitable access to care for medically underserved populations. At arenaflex, we offer a true omnichannel experience, with fully integrated physical and digital systems supported by the latest technology to deliver high-quality services and products in communities nationwide.
Ready to Make an Impact?
If you're ready to take the next step in your career and join a team that's transforming healthcare through innovation and compassion, we encourage you to apply today. We're looking for motivated professionals who are excited about data analytics, financial modeling, and making a difference in the lives of millions of Americans.
At arenaflex, your analytical skills will be valued, your contributions will be recognized, and your career will have room to grow. Don't miss this opportunity to be part of a team that's shaping the future of healthcare pricing.
arenaflex is an Equal Opportunity Employer. We are committed to maintaining a diverse workforce and providing accommodations for individuals with disabilities and veterans. We encourage all qualified candidates to apply and join us in our mission to create more joyful lives through better health.