At Geico Auto Insurance, we are dedicated to providing our employees with the best benefits package possible. As our pharmacy benefit manager, you will play a crucial role in ensuring that our employees have access to affordable and high-quality prescription medications. We are looking for a driven and experienced individual who is passionate about helping others and can effectively manage our pharmacy benefit program. If you have a strong background in pharmacy management and are looking for a fulfilling career with a reputable company, we encourage you to apply for this exciting opportunity.
Develop and manage the company’s pharmacy benefit program, ensuring it meets the needs of our employees and is aligned with company goals.
Collaborate with insurance providers and pharmacy partners to negotiate favorable pricing and contracts for prescription medications.
Monitor and analyze pharmaceutical costs, trends, and utilization data to identify cost-saving opportunities and make recommendations to senior management.
Stay up-to-date on industry trends, regulations, and advancements in pharmaceuticals to make informed decisions and continuously improve the benefit program.
Serve as a subject matter expert on prescription medications and provide guidance and support to employees and HR representatives.
Implement cost containment strategies, such as formulary management and utilization management programs, to control pharmacy costs while maintaining high-quality care for employees.
Conduct regular reviews and audits of the pharmacy benefit program to ensure compliance with company policies and regulatory requirements.
Educate employees on their prescription medication benefits and assist with any questions or concerns they may have.
Work closely with the HR team to communicate and promote the pharmacy benefit program to employees through various channels.
Handle any issues or complaints related to the pharmacy benefit program and work to resolve them in a timely and effective manner.
Maintain accurate records and reports on pharmacy benefit program utilization, costs, and savings.
Collaborate with cross-functional teams, including finance and legal, to ensure the pharmacy benefit program is in compliance with all applicable laws and regulations.
Continuously evaluate and improve the pharmacy benefit program based on employee feedback and industry best practices.
Train and mentor new team members as needed to ensure a knowledgeable and capable pharmacy benefit management team.
Represent the company at industry events and conferences to stay informed on the latest developments and network with other professionals in the field.
Where is this job?
This job opening is listed as 100% remote
Job Qualifications
Bachelor’s Degree In Pharmacy, Healthcare Administration, Or A Related Field
Minimum Of 3-5 Years Experience In Pharmacy Benefits Management Or Pharmaceutical Industry
In-Depth Knowledge Of Pharmacy Benefit Design, Formulary Management, And Cost Containment Strategies
Strong Analytical Skills And Ability To Interpret Data And Trends Related To Pharmacy Benefits
Excellent Communication And Negotiation Skills To Collaborate With Vendors, Pharmacies, And Internal Stakeholders.
Required Skills
Communication Skills
Vendor Management
Data Analysis
Negotiation Skills
Budget Management
Relationship Building
Compliance Knowledge
Benefits Administration
Cost Management
Policy Development
Process
Pharmacy Benefits
Soft Skills
Communication
Customer Service
Emotional Intelligence
Leadership
Time Management
Creativity
Teamwork
Collaboration
Adaptability
Problem-Solving
