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Abarca Health · 4 hours ago

Senior Underwriting Analyst

United States

Full-time

Remote

Senior Level

6+ years exp

Abarca Health is igniting a revolution in healthcare with smarter technology to redefine pharmacy benefits. The Senior Underwriting & Pricing Analyst will be responsible for underwriting and analysis forecasts to manage risk and provide competitive pricing strategies for prospective clients, directly impacting their spending on prescription drugs.

Health CareInformation Technology

No H1B

U.S. Citizen Only

Responsibilities

Perform underwriting analysis and risk assessment for new and/or renewal of large group contracts

Collaborate with field sales, clients, and internal management to review complex RFP's and make strategic recommendations that best fit the customer's needs

Develop and maintain complex financial models, integrating multiple data sources, to accurately model pricing scenario impact for new and existing business

Develop a keen understanding of cost drivers of the pharmacy benefit management business and forecast fixed and variable costs for prospects

Understand key rebate drivers and utilization changes based on industry trends to complete rebate forecasts

Identify outliers in prospective client claim data to ensure accuracy of pricing analyses

Forecast Abarca’s operating costs, ancillary fee revenues and clinical program return of investments so that Abarca can holistically understand revenues streams and customer savings opportunities for prospective and existing clients

Interface with internal and external business partners to develop and integrate additional product offerings

Utilize market intelligence to analyze competitive position on a case specific basis and develop financial comparisons

Negotiate and fully explain rate development, pricing components, and application of underwriting policies to present proposal recommendations and financial outcomes to internal and external constituents

Keep meticulous documentation, tracking and recording our pricing strategy and modeling approach for each prospect

Produce timely and accurate customer specific documents, deliverables, and account related information

Qualification

Underwriting analysisFinancial modelingHealthcare pharmacy experienceExcelRoot cause analysisDashboard developmentProcess improvementSQLTableauCommunication

Required

Bachelor's Degree or Master's Degree Business Administration, Finance, Accounting, Engineering or Statistics (In lieu of a degree, equivalent relevant experience may be considered.)

6+ years of experience in underwriting, analytics, or similar roles within healthcare pharmacy (non-retail) or pharmacy benefit management industry

Experience managing and responding to large Request for Proposals (RFP's) with a demonstrated ability to identify customer needs and make strategic recommendations

Experience with Excel

Experience with root cause analysis and process improvement

Experience developing dashboards, presentations, and contextualizing findings for different audiences (executive leadership, internal teams, clients, and prospective clients, etc.)

Excellent oral and written communication skills

We are proud to offer a flexible hybrid work model which will require certain on-site workdays (Puerto Rico Location Only)