Senior Pharmacy Financial Consultant

    • Los Angeles, CA

The Senior Pharmacy Financial Consultant is part of a national team of pharmacy specialists. This role is responsible for setting priorities and developing policy regarding the financial modeling of pharmacy offers including, procurements, re-negotiations and market checks. Additionally, this person will serve as a senior resource to the Actuarial and Financial Group (AFG) also regarding policy and modeling issues including Pharmacy trend. Priorities will be leading consulting engagements with large employers regarding the financial evaluation of pharmacy benefit plans and programs and assisting with negotiation with benefits carriers and vendors to secure plan coverage for these employers. Additionally, this person would be involved in business development as part of a pursuit team. Last, this role will assist with the mentoring of junior financial staff including the development of a broad-based team to drive excellence in pharmacy financial management.

To fulfill this role, the Senior Pharmacy Financial Consultant will:

  • Manage pharmacy projects and junior staff in completion of program review, financial assessments, implementations, plan design analyses and financial projections, pharmacy renewals, benchmarking, pharmacy benefit marketing, diagnostic reports, vendor and performance management
  • Establish effective carrier/vendor relationships to serve clients in benefits procurement and administration
  • Leverage Mercer's size and reputation to negotiate highly competitive rates and coverage options from carriers and vendors
  • Interact with members of the Managed Pharmacy Practice (MPP) client teams and Mercer H&B teams
  • Develop sophisticated benefits design and renewal strategies
  • Effectively communicate Mercer's position on latest industry financial trends to clients and Mercer H&B consultants
  • Monitor success of projects in terms of scope, budget, timeliness and client satisfaction
  • Incorporate compliance and professional standards into all work processes, including transparency, actuarial, peer review and maintaining required licensure
  • Mentor and supervise junior staff

  • BA/BS degree required; master's degree highly valued
  • Actuary expertise preferred
  • 10 years of experience in pharmacy financial consulting and/or PBM underwriting
  • Experience identifying, designing, recommending and implementing efficient, innovative business solutions to clients' complex managed pharmacy benefits challenges
  • Superior analytical and mathematical skills, strategic planning, communication, and listening skills
  • Excellent organizational and project management skills with the ability to prioritize and handle multiple and complex tasks in a demanding work environment
  • Proven management skills in leading large, complex projects

Marsh & McLennan Companies offers competitive salaries and comprehensive benefits and programs including: health and welfare, tuition assistance, pension and 401K, employee assistance program, domestic partnership benefits, career mobility, employee network groups, volunteer opportunities, and other programs. For more information about our company, please visit us at: . We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. For more information, please visit us at:

Marsh & McLennan Companies and its affiliates are EOE Minority/Female/Disability/Vet employer

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