Willis Towers Watson

Senior Director- Pharmacy Financial, Actuarial and Analytics Consulting

Willis Towers Watson$160K — $180K *
Healthcare
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • 10+ years in large group pharmacy benefit plan management, preferably in consulting or brokerage
  • Strong financial skills with a background in pharmacy pricing or underwriting
  • Bachelor's degree with significant quantitative coursework
  • Exceptional oral and written communication skills
  • Proficiency in Microsoft Excel and PowerPoint
  • Highly analytical and detail-oriented with creative problem-solving skills
  • Self-starter capable of both independent and collaborative work

Responsibilities

  • Partner with consultants to conduct financial analyses of pharmacy benefit options
  • Develop client presentations and analyze pharmacy contracts
  • Negotiate vendor products and pricing guarantees
  • Lead project management activities ensuring adherence to timelines and quality standards
  • Support the pharmacy practice in developing new financial tools
  • Present complex financial strategies related to pharmacy benefits to clients
  • Mentor junior colleagues within the pharmacy financial team

Benefits

  • Comprehensive health coverage including medical, dental, and vision
  • Flexible spending accounts for healthcare and dependent care
  • Paid holidays and time off, including parental and adoption leave
  • 401(k) plan with company contributions and other retirement savings options
  • Wellbeing programs and employee assistance resources
  • Hybrid working model promoting flexibility in work arrangements
Full Job Description
Job Description

The Senior Director works within the Financial and Analytics (FAA) team and closely with the Pharmacy Consulting Practice within Health and Benefits. As a Pharmacy Senior Director, you will contribute to a wide variety of complex projects involving design, financing and ongoing management of pharmacy benefit programs. Your client assignments will draw on your imagination and creativity as well as your ability to analyze data, draw conclusions and present results. You will serve as a key voice to the marketplace of one of the world's leading HR consulting firms and have the ability to contribute to the evolution of pharmacy and broader health care delivery in North America.

The ideal candidate brings influence and strategic thinking to address unique client needs in the pharmacy space and to more broadly evolve our practice. You will collaborate with a strong team of highly experienced consultants within the pharmacy practice as well as engage in cross-functional activities with other health and benefits colleagues and subject matter experts who together deliver unparalleled value to our clients and the broader pharmacy community.

The Role
As a Financial Senior Director specializing in pharmacy, you will help a diverse group of clients navigate the pharmacy landscape, helping them understand find their best path in a rapidly changing environment through your work analyzing the financial impacts of different options.

Your main responsibilities will be as follows:
  • Partner with consultants and team members to review and perform financial analyses including cost savings and data analysis projections, create, review and update of pricing and other analytical models
  • Develop client analyses and other related documents for WTW clients and prospects including presentations and review of pharmacy contracts
  • Analyze, compare and negotiate vendor products, services, contracts and pricing guarantees
  • Design, distribute and evaluate responses to RFPs, renewals and market checks
  • Serve as lead project manager; materially contribute to project plan creation and lead the team on delivery; ensure progress against established objectives, budgets, timelines, deliverables and quality standards
  • Support the pharmacy practice on intellectual capital initiatives such as development of new financial models or tools as applicable
  • Assist with the preparation and presentation of client deliverables
  • Manage and mentor junior colleagues on the pharmacy financial team
  • Present and explain complex pharmacy benefit financial strategies such as PBM pricing models, adjudication and reconciliation logic, financial guarantee exclusion strategies and the impacts to financial results to internal partners and clients
  • Participate in financial strategy meetings with external partners


Qualifications

  • 10+ years' experience and success in the design/management of large group pharmacy benefit plans gained in a consulting, brokerage, pharmacy benefit manager or carrier environment
  • Strong financial skills; prior experience in pharmacy pricing, underwriting or valuation work preferred
  • Bachelor's degree required, preferably with significant quantitative coursework
  • Excellent oral and written communication skills
  • Excellent Microsoft Office skills, particularly in Excel and PowerPoint
  • Strong analytical, creative and integrative skills
  • Well organized and detail oriented
  • Flexibility and proven ability to identify and resolve issues
  • Strong client service orientation and ability to respond to all communications effectively and in a timely manner
  • Self-starter attitude and ability to work individually and as part of a team
  • Interest and aptitude in keeping abreast of the latest developments in pharmacy and broader health and benefits plan strategy and contributing to the development of new tools and approaches
  • State Life and Health license required within 90 days of joining


Note: Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.

This position will remain posted for a minimum of three business days from the date posted or until a sufficient/appropriate candidate slate has been identified.

Compensation and Benefits
Base salary range and benefits information for this position are being included in accordance with requirements of various state/local pay transparency legislation. Please note that salaries may vary for different individuals in the same role based on several factors, including but not limited to location of the role, individual competencies, education/professional certifications, qualifications/experience, performance in the role and potential for revenue generation (Producer roles only).

Compensation
The base salary compensation range being offered for this role is $ 160,000.00 - $180, 000.00 USD annually.
This role is also eligible for an annual short-term incentive bonus.

Company Benefits
WTW provides a competitive benefit package which includes the following (eligibility requirements apply):
  • Health and Welfare Benefits: Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Group Accident, Group Critical Illness, Life Insurance, AD&D, Group Legal, Identify Theft Protection, Wellbeing Program and Work/Life Resources (including Employee Assistance Program)
  • Leave Benefits: Paid Holidays, Annual Paid Time Off (includes state/local paid leave where required), Short-Term Disability, Long-Term Disability, Other Leaves (e.g., Bereavement, FMLA, ADA, Jury Duty, Military Leave, and Parental and Adoption Leave), Paid Time Off (only included for Washington roles)
  • Retirement Benefits: Qualified contributory pension plan (if eligible) and 401(k) plan with annual nonelective company contribution. Non-qualified retirement plans available to senior level colleagues who satisfy the plans' eligibility requirements.


At WTW, we trust you to know your work and the people, tools and environment you need to be successful. The majority of our colleagues work in a "hybrid" style, with a mix of remote, in-person and in-office interactions dependent on the needs of the team, role and clients. Our flexibility is rooted in trust and "hybrid" is not a one-size-fits-all solution.

We understand flexibility is key to supporting an inclusive and diverse workforce and so we encourage requests for all types of flexible working as well as location-based arrangements. Please speak to your recruiter to discuss more.

About Willis Towers Watson

Willis Towers Watson is a global insurance and risk management company that provides a range of services to clients in more than 140 countries. The company was formed in 2016 through the merger of Willis Group Holdings and Towers Watson & Co. Willis Towers Watson offers a range of insurance products, including property and casualty insurance, life insurance, and health insurance. The company also provides risk management and consulting services, including actuarial services, investment consulting, and human capital consulting. Willis Towers Watson is known for its expertise in risk management and its ability to help clients navigate complex insurance and regulatory environments.
Learn more about Willis Towers Watson
Size
46,000 employees
Market Cap
$26.2 billion
Industry
Net Income
$996 million
Founded
1828
5 Year Trend
+2.7%
Revenue
$9.3 billion
NASDAQ

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