RxBenefits is hiring! We are seeking a highly analytical and detail-oriented Financial Risk Analyst to join our growing Accounting team. This position will be responsible for assisting in the quantitative analyses of formulary rebates, monitoring and reporting of operational performance guarantees, and other ad hoc reporting.
Essential Job Responsibilities Include:
Develop and implement methodologies to identify, measure, and monitor financial risks
Analyze PBM contracts to assess financial exposure and compliance risks
Monitor and analyze the financial risk impact of current and proposed healthcare legislation
Review key performance indicators (KPIs) and research contracts to help facilitate answers to inquiries from management, clients, brokers, etc.
Assist in the allocation and analysis of incoming formulary rebates distributed to our clients
Provide support in the monitoring and reporting of our client performance guarantees
Run any requested additional ad hoc reporting to help our organization better service our clients
Assist with the monthly financial close process, including performing account reconciliations and accurately posting journal entries in accordance with US GAAP
Compile and prepare documentation and assist with the annual external financial statement audit
Participate in system implementations, process reviews and integrations, and other similar accounting projects
Perform other accounting, financial, or administrative tasks as may be required from time to time by management
Required Skills / Experience:
3-5 years of experience in financial analysis, risk management, or a related quantitative/accounting role
Advanced understanding of Excel (e.g. Pivot tables, VBA, XLOOKUP, IF, etc.)
Exceptional ability to identify patterns and trends and draw financially sound conclusions
Knowledge of basic Accounting fundamentals (Accrual Accounting and US GAAP)
Strong attention to detail, ensuring the integrity and accuracy of all financial records and client deliverables
Ability to manage multiple assignments simultaneously to meet deadlines
Excellent written and verbal communication skills, with the ability to explain complex technical and financial concepts to non-technical stakeholders
Highly collaborative team player with proactive and resourceful approach to overcoming analytical challenges and developing effective solutions
Preferred Skills / Experience:
Bachelor's Degree in Accounting, Finance, or other business B.S. degree, preferred
Proven working knowledge of the Pharmacy Benefits Management (PBM) industry, preferred
Proven ability to work with and interpret large, complex data sets and experience with Business Intelligence (BI) tools (e.g. Power BI) is highly desirable
Based on relevant market data and other factors, the anticipated hiring range for this role is $67,200 - $80,000 annually. Final compensation rates will be determined based on various factors, including but not limited to experience, skills, knowledge, and internal equity considerations. This role is also short-term incentive eligible. Incentive amounts will vary by individual and business goals.
We are committed to fair and equitable compensation practices. The final salary offered to the selected candidate may vary from the posted range due to individual qualifications. Our goal is to ensure that all teammates are compensated fairly and competitively based on their contributions to our organization.
RxBenefits is also committed to providing best in class benefits to our teammates. We offer a robust total rewards package that includes:
Remote first work environment
Choice of a HDHP or PPO Medical plan, we pay 100% of the premium for the HDHP for you and your eligible family members
Dental, Vision, Short- and Long-Term Disability, and Group Life Insurance that we also pay 100% of premiums (for your family too on Dental and Vision)
Additional buy-up options for Short- and Long-Term Disability and Life Insurance
401(k) with an employer match up to 3.5% available after 60 days
Community Service Day to give back and support what you love in your community
10 company holidays including MLK Day, Juneteenth, and the day after Thanksgiving plus a floating holiday to use as you like
Reimbursements for high-speed internet, we'll send you a computer and monitors to help you do your best work
Tuition Reimbursement for accredited degree programs
Paid New Parent Leave that can be used for adoption or birth
Pet insurance to protect your furbabies
A robust mental health benefit and EAP service through Spring Health to support you when you need it most
RxBenefits provides equal opportunities for everyone who works for us and everyone who applies to join our team, without regard to sex or gender, gender identity, gender expression, age, race, religious creed, color, national origin, ancestry, pregnancy, physical or mental disability, medical condition, genetic information, marital status, sexual orientation, any service, past, present, or future, in the uniformed services of the United States (military or veteran status), or any other consideration protected by federal, state, or local law.
