Director of Actuarial Analysis

Job Description

About the Role

Title: Director of Actuarial Analysis (2237)

Location: Remote

Job Description:

Description

For almost 30 years, PSG has been relied upon as the leading data-driven, pharmacy benefit consulting firm in the country. This role will be focused on supporting needs for clients and internal client team related to PBM contract analytics and pricing. This individual will be responsible for providing consultative support for internal and external clients within PSG as well as establishing and maintaining relationships both internally and externally to ensure satisfaction of analytics. The position will support PBM analytics such as; contract interpretation, pricing impact analyses, addressing complex industry issues, and process improvement. The individual must have exceptional analytical skills, attention to detail, and communication skills along with the ability to execute in a fast-paced team environment. The Director Actuarial Analytics is a client facing role and responsible for communicating complex analytical findings and conclusions.

Primary Responsibilities

Prepare, provide, and present complex analytics to internal consultants and directly to clients

Maintain and enhance financial models used to evaluate PBM pricing proposals.

Assist in the development of new tools that evaluate:

The effectiveness of PBM formularies and specialty drug lists.

Clinical savings guarantees

Development and validation of trend factors used in financial models

Assist Health Plan clients with Medicare drug pricing support including IRA and benefit plan redesigns

Participate in client discussions regarding PBM pricing strategies and analyses

Help clients with Plan Cost and Net Plan Liability calculations

Actuarial valuation of scenario planning options for clients

Provide support for new product development opportunities

Assist in other analytic projects as needed

Required Skills and Experience

Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Analytics/Informatics, Economics, or Finance

ASA or FSA certification and MAAA

Proficiency with Microsoft Word, Outlook, and PowerPoint, advanced knowledge in Excel

Proficient using SQL to extract and query data

Experience building & maintaining large complex models that are used in production of work by other team members

Strong analytical, problem-solving, organization, resourceful, critical thinking, and time management skills

Experience analyzing raw data, with ability to think logically and process sequentially with a high level of detailed accuracy

Strong written and verbal communication skills and discipline to multitask and prioritize projects to meet scheduled deadlines

Professionally interact with, or present to, a diverse group of stakeholders including executives, managers, clients, and subject matter experts both technical and non-technical.

Ability to work in a fast-paced environment with multiple projects simultaneously

Comfortable with ambiguity and problem solving

Excellent attention to detail and quality

Ability to work creatively, both independently and as part of a team.

5+ years of pharmacy data experience (exposure to Health Plan pharmacy data and analytics a plus)

5 + years of experience in PBM industry with knowledge of pricing and rebates

Ability for some travel (maximum of 10%)

Salary and Benefits

Salary based on background and experience. Benefits include full medical, pharmacy, dental, vision, life and disability insurance, paid vacation, sick leave, 401k match and annual bonus potential.

PSG, an EPIC company, embraces diversity in all its various forms-whether it be diversity of thought, background, race, religion, gender, skills or experience. We are committed to fostering a work community where every colleague feels welcomed, valued, respected and heard. It is our belief that diversity drives innovation and that creating an environment where every employee feels included and empowered, helps us to deliver the best outcome to our clients.

WHY JOIN EPIC?

Ranked #17 Top Global Broker by AM Best

Ranked #17 Top 100 Largest U.S. Broker by Business Insurance

Awesome Benefits: 401K matching, Generous Time Off Policy, Flexible Work Options, Medical, Dental, Vision, Pet Insurance, Cancer Insurance, Wellness Programs, Employee Award Programs (Trips!).

EPIC embraces diversity in all its various forms-whether it be diversity of thought, background, race, religion, gender, skills or experience. We are committed to fostering a work community where every colleague feels welcomed, valued, respected and heard. It is our belief that diversity drives innovation and that creating an environment where every employee feels included and empowered, helps us to deliver the best outcome to our clients.

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