Rebate Analyst

Posted 6 Days Ago
Be an Early Applicant
Home, PA
66K-106K Annually
Junior
Insurance
The Role
The Rebate Analyst interprets pharmaceutical contracts, ensuring compatibility with rebate systems, setting up contracts, coordinating quarterly reports, reconciling payments, resolving disputes, and addressing client inquiries regarding invoices. The role requires analysis, communication of system updates, and various responsibilities related to rebate processes.
Summary Generated by Built In

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 AnalystJob Description

The Rebate Analyst is responsible for interpreting small to intermediate pharmaceutical manufacturer contracts. This includes all aspects of the contract from formulary compliance, to system capabilities to reconciliation and allocation of payments to clients.

Responsibilities

  • Analyze small to intermediate manufacturer contract terms to ensure compatibility with rebate system
  • Perform contract set up for each rebate period
  • Assist with the coordination, analysis and validation of quarterly rebate reports and distribution of quarterly invoices
  • Assess, implement and communicate critical information for maintenance of rebate system; including, contract amendments and other changes that impact the rebate process
  • Reconcile manufacturer payments as compared to invoice to prepare for allocation of payments to clients
  • Analyze and resolve contract disputes working with manufacturers to ensure timely payment of rebates and admin fees
  • Research and analyze client questions related to invoiced products and corresponding rates and qualification
  • 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
  • 2 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

  • Proficient in Microsoft products including Excel and Word
  • Strong analytical skills

Preferred Qualifications

  • Experience in database management

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 in the Pharmacy Trade Relations department

Potential pay for this position ranges from $66,000.00 - $106,000.00 based on experience and skills.

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

Excel
Microsoft Word
The Company
HQ: Eagan, MN
3,577 Employees
On-site Workplace
Year Founded: 1987

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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