Principal Business Analyst – Pricing and Underwriting
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Job Description
Principal Business Analyst overseeing pricing strategy and analysis for VytlOne's PBM services. Collaborating with cross-functional teams to meet financial objectives and implement efficient processes.
Responsibilities:
- Oversee and implement VytlOne’s pricing strategy for VytlOne’s PBM opportunities
- Drive full pricing process for traditional and pass through PBM RFP opportunities
- Gather, assess and evaluate quantitative elements of a new client and existing client renewal opportunities working in a team environment with the Pricing/Underwriting Management, Pricing Analysts, Sales/Account Management teams, etc.
- Research and monitor competitors and industry trends
- Streamline processes and models to drive efficiency and accuracy
- Provide financial support for prospect contract negotiations and respond to RFP financial requests
- Assist in presenting pricing model and strategy to senior leadership
- Communicate range of pricing scenarios/options to internal stakeholders
- Lead intradepartmental projects and company projects
- Work with Sales and Leadership teams in creating pricing and product positioning strategies
- Develop, maintain and distribute ad-hoc reports and financial models as needed
- Comply with VytlOne’s Ethical Business Conduct policy and VytlOne’s Compliance Program.
Requirements:
- Bachelor’s Degree in Accounting, Finance, or Economics
- Minimum of 8 years’ experience completing complex analytical, financial analysis for PBM services in both traditional and pass through PBM contract models
- Knowledge of pricing inputs and services mix (plan design, prescription history, retail pharmacy network models, rebate assumptions, specialty, mail pharmacy, brand/generic and more) for contracted PBM services across both traditional and pass through pricing methodologies
- Experience working with many aspects of PBM Underwriting including, but not limited to, Health Systems, Commercial lines of business, Government Programs, and Coalitions
- Advanced knowledge of Microsoft Excel & Word
- Basic SQL proficiency utilizing functions, statements such as SELECT, CASE, or JOIN, and conditional operators
- Ability to analyze data specific to client opportunity, consider context of company strategies and offer actionable pricing recommendations
- Extensive experience reviewing, analyzing and assessing complex and unstructured data
- Excellent written and verbal communication skills, with presentation experience in front of Senior Leadership
- Strong initiative and ability to manage multiple projects, as well as, strong follow through skills
- Must be detail oriented with strong organizational skills
Benefits:
- Comprehensive mental health and wellbeing resources
- Nationwide Blue Cross Blue Shield PPO with employee-friendly plan design, including a $850 individual annual medical deductible and $25 office visit copays, with low biweekly premiums
- Company-paid basic life/AD&D, short-term and long-term disability insurance
- Rx, dental, vision, other voluntary benefits, and FSA
- Employer-matched 401k Plan
- Industry-leading PTO plan
- And more!
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