Financial Analyst, Account Management

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SmithRx

WebsiteLinkedInAll Job Openings

51 - 200 employees

Founded 2018

⚕️ Healthcare Insurance

☁️ SaaS

🤝 B2B

💰 $20M Series B on 2022-03

Healthcare Insurance • SaaS • B2B

SmithRx is a transparent, pass-through pharmacy benefits manager (PBM) that operates independently from insurance companies and pharmacies to align its incentives with self-insured employers and their members. By leveraging modern technology, SmithRx aims to reduce the cost and complexity of pharmacy benefits, ensuring the delivery of effective and low-cost drugs. The company is dedicated to transforming the pharmacy benefits landscape through its flat-rate, transparent pricing model and innovative cost savings programs, which connect members to the lowest cost drugs without the use of spread pricing, rebates, or other tactics. SmithRx's commitment to transparency and superior customer service results in significant savings for employers and a highly satisfactory experience for its members.

📋 Description

• Support the resolution of complex client scenarios by conducting deep-dive data research and root-cause analysis. • Partner with the account team to identify cost drivers, utilization shifts, and clinical opportunities within a client’s portfolio to recommend plan design changes that mitigate spend. • Serve as the primary liaison between Account Management and the Reporting/Data Analyst teams to ensure client reporting needs are technically feasible and strategically sound. • Interpret pharmacy claims data, trend analysis, and rebate projections to provide "the story behind the numbers" for client presentations and Quarterly Business Reviews (QBRs). • Oversee the integrity of client-facing financial reports, ensuring data aligns with contractual obligations and client expectations. • Work on behalf of the Account Management team, collaborating with internal technical teams to improve automated reporting tools and identify product gaps based on client feedback and data limitations. • Assess financial data for indicators of client attrition risk and work with Account Managers to develop data-driven mitigation strategies. • Act as a data mentor to Account Managers, coaching them on how to interpret financial metrics and present data-heavy slides effectively. • Participate in existing and prospective client meetings.

🎯 Requirements

• Deep fluency in the pharmacy benefits space, including an understanding of AWP, NADAC, rebates, formulary impact, and pharmacy network modeling. • 5+ years of experience in data analysis, financial underwriting, or actuarial support within the healthcare and/or PBM industry. • Strong command of data visualization tools (e.g., Looker, Tableau, PowerBI) and advanced Excel skills (VLOOKUPs, Pivot Tables, modeling). • The unique ability to translate "data-speak" into executive-level insights for C-suite leadership and non-technical stakeholders. • A passion for solving difficult problems in partnership with both technical developers and account managers. • An obsession with data accuracy and a disciplined work ethic that ensures deliverables are met with little to no direction. • Ability to observe scenarios from the client’s financial point of view and provide proactive, honest, and transparent recommendations. • Bachelor’s degree in Finance, Healthcare Administration, or equivalent experience required. • Ability to travel approximately 15-20% to client meetings

🏖️ Benefits

• Highly competitive wellness benefits including Medical, Pharmacy, Dental, Vision, and Life Insurance and AD&D Insurance • Flexible Spending Benefits • 401(k) Retirement Savings Program • Short-term and long-term disability • Discretionary Paid Time Off • Paid Company Holidays • Wellness Benefits • Commuter Benefits • Paid Parental Leave benefits • Employee Assistance Program (EAP) • Well-stocked kitchen in office locations • Professional development and training opportunities