Financial Data Analyst, SmithRx
Account Management
More information about location
Next-generation pharmacy benefits
Open for applications
Next-generation pharmacy benefits
501-1000 employees
Open for applications
More information about location
501-1000 employees
Company mission
To reduce the complexity and costs of pharmacy benefits for America's employers and patients.
Role
Who you are
- 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
What the job involves
- As a Financial Analyst on the Account Management team, you will serve as the primary data subject matter expert (SME) and the strategic bridge between our client-facing teams and the Data Analysis/Reporting department
- Your mission is to translate complex pharmacy benefit data into actionable financial insights for our clients
- You will be a trusted advisor to both internal Account Management leadership and client financial teams, ensuring that every strategic decision is backed by rigorous analysis and a deep understanding of SmithRx financial components
- 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
Our take
PBMs (Pharmacy Benefit Managers) save payers and patients 40% to 50% on prescription drug and related medical costs in the US, compared to what they would spend without them. It’s generally accepted, though, that PBMs are working for profit and not solely on the customers benefit.
SmithRx is a company looking to reduce complications in the current system with its innovative PBM structure. It uses its cloud-based technology to present the most cost effective options transparently to self-insured businesses, supporting them in getting the lowest cost drugs they can, as well as making the transition to these alternatives seamless.
It does this by partnering with innovative drug companies, as well as applying coupons and making use of available savings and assistance programs. As the company does not take economics from the supply chain, it is able to work for its customers with no hidden agendas. And with significant growth, cost savings, customer satisfaction, and market traction in 2024, the company is very much on track for continued success.
Steph
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 5 rounds)
Jan 2024
$60m
SERIES C
Mar 2022
$20m
SERIES B
Total funding: $97.5m
Company benefits
- Wellness: Extensive Medical, Dental and Vision plans
- Life and Disability: Fully paid Life Insurance and Disability coverage
- Parental Leave: Paid leave benefits for new parents
- Career Growth: Training, development and advancement support
- Vacation Time: Generous and flexible paid time off
Company HQ
South Park, San Francisco, CA
Leadership
Jake Frenz
(Founder & CEO)Previously worked as Director of Plan Operations at CollectiveHealth and Project Director at Anthem Inc.
Share this job
View 15 more jobs at SmithRx