Our work matters. We help people get the medicine they need to feel better and live well. We do not lose sight of that. It fuels our passion and drives every decision we make.
Job Posting Title
Rebate Analyst SrJob Description
The Senior Rebate Analyst performs complex, specialized financial analysis assignments within the Trade Relations area of Prime Therapeutics. This position is also responsible for assisting contract negotiators and working with other internal departments regarding the financial ramifications and relationships with pharmaceutical manufacturers.
Responsibilities
- Assist in the development and implementation of additional reporting support tools, and the proactive investigation of a wide variety of manufacturer issues and opportunities for process improvement
- Lead the creation of non-financial tools, including proactive marketplace assessments, exploration of internal support requirements to implement contractual agreements, and the tracking of formulary status decisions
- Represent the department on corporate projects, including interaction with Prime upper level management; includes IT Projects, DIR Reporting to CMS, HIM Reporting to CMS, Client Ad Hoc Reporting and Finance/Treasury projects
- Assist in financial analysis, formulary comparisons, suggested net cost improvements, and responding to inquiries; may include client questions related to invoiced products and corresponding rates and qualification
- Supervise and train rebate analyst(s)
- Assess, implement and communicate critical information for maintenance of rebate system; including, contract amendments and other changes that impact the rebate process
- Analyze and resolve contract disputes working with manufacturers to ensure timely payment of rebates and admin fees
- Reconcile manufacturer payments as compared to invoice to prepare for allocation of payments to clients
- Supports Client implementation and Audit requests
- Other duties as assigned
Minimum Qualifications
- Bachelor’s degree in Finance or related area of study, or equivalent combination of education and/or relevant work experience; HS diploma or GED is required
- 5 years of work experience in finance or contracts
- Must be eligible to work in the United States without need for work visa or residency sponsorship
Additional Qualifications
- Proven project management skills
- Strong analytical skills
- Proficient in Microsoft products including Access, Excel, and Word
- Knowledge of PBM and/or health care industry
Preferred Qualifications
- Experience in database management
- Experience in Big Data and data analytics
- Experience with database and ETL platforms (i.e., SAS, Teradata, Alteryx, SAP Business Objects)
Minimum Physical Job Requirements
- Constantly required to sit, use hands to handle or feel, talk and hear
- Frequently required to reach with hands and arms
- Occasionally required to stand, walk and stoop, kneel, and crouch
- Occasionally required to lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds
- Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and ability to adjust focus
Reporting Structure
- Reports to Sr Professional or Director in the Pharmacy Trade Relations department
Potential pay for this position ranges from $85,600.00 - $128,400.00 based on experience and skills. Pay range may vary by 8% depending on applicant location.
To review our Benefits, Incentives and Additional Compensation, visit our Benefits Page and click on the "Benefits at a glance" button for more detail.
Prime Therapeutics LLC is proud to be an equal opportunity and affirmative action employer. We encourage diverse candidates to apply, and all qualified applicants will receive consideration for employment without regard to race, creed, color, religion, gender, sexual orientation, gender identity/expression, national origin, disability, age, genetic information, veteran status, marital status, pregnancy or related condition (including breastfeeding), expecting or parents-to-be, or any other basis protected by law.
We welcome people of different backgrounds, experiences, abilities, and perspectives including qualified applicants with arrest and conviction records and any qualified applicants requiring reasonable accommodations in accordance with the law.
Prime Therapeutics LLC is a Tobacco-Free Workplace employer.
Positions will be posted for a minimum of five consecutive workdays.
Top Skills
What We Do
Everything we do is connected to helping people get the medicine they need to feel better and live well. It’s meaningful work and we’ve been doing it for over 20 years.
In the pharmacy benefit management (PBM)industry, we’re different. We’re owned by 18 not-for-profit Blue Cross and Blue Shield health plans. This allows us to control costs and empower our employees to put members first. It’s a successful combination. We have the lowest pharmacy trend in the industry and serve 28+ million members throughout the US.
In addition to core PBM services, we work closely with our clients to implement the right benefit design, clinical and specialty programs, formulary and networks. A few key products:
• NetResults™
• Specialty Drug Management
• Best in Care™
• GuidedHealth®
• Advanced Fraud, Waste and Abuse: Member and Prescriber Investigations
• Prime Analytics™
• CareCentered Contracting™Controlled Substance Management Program
Join us!
Prime is always looking for smart, purposeful people to join our team. We’re growing fast which means there are plenty of opportunities to advance and grow in your career.
At the same time, Prime supports flexibility and offers generous PTO so you can enjoy an enviable work/life balance. We’re a privately held company -big enough to make a difference and small enough for you to have an impact.
Follow Prime on LinkedIn to learn more.
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