Assessment Pricing Analyst

7 days ago


Manila, National Capital Region, Philippines KMC Solutions Full time

Assessment Pricing Analyst (US Shift)

The Assessment Pricing Analyst is responsible for responding to pricing-specific request for proposal (RFP) questions, identifying financial needs of prospective or renewing clients, requesting and analyzing financial reports, performing underwriting analysis functions, and quantifying the impact of various pricing structures on pharmacy utilization and costs.

Essential Duties and Responsibilities include the following. Other duties may be assigned.

  1. Perform pricing/underwriting and modeling for prospects/renewal clients by creating competitive financial packages that meet the financial requirements of the Company.

  2. Document and track day-to-day pricing activities to ensure efforts are dedicated to winning and retaining business.

  3. Maintain accurate records assignments in SharePoint.

  4. Ensure timely delivery of all assigned Pricing Team projects, tasks, and requests.

  5. Update document details, capabilities, and features of each underwriting tool used by the team, including, but not limited to, the profit and loss (P&L) model; provide process improvement recommendations; innovation minding work.

  6. Facilitate development of the team's financial models, such as the team's P&L model, to ensure they reflect enhancements such as new industry pricing strategies, evolving internal corporate cost structures and a well-documented list of financial assumptions and qualifications.

  7. Ensure personal deadlines are met and any changes or delays in timelines are clearly communicated.

  8. Ensure that pricing team policies and procedures are accurately maintained and that changes are communicated.

  9. Facilitate and manage consistent flow of information to the pricing team about prospective and current client PBM selection status to ensure that pricing staff is prepared to create best-and-final offers (BAFOs) or client renewal offers 180 days in advance of a client contract end date.

  10. Administer the process used to track pricing offers, ensure that accepted offers are validated to match proposals, and serve as the escalation point for resolution of any differences.

  11. Develop, maintain, and communicate the strategy and process for responding to requests for pricing offers.

  12. Interpret and analyze historical claims utilization and prepare client utilization profiles for the team.

  13. Calculate potential client savings generated between a current pricing structure and a newly created pricing arrangement.

  14. Prepare ad hoc reports and analyses (cost/benefit analysis, rate analysis, win/loss ratio, competitive intelligence) to support clients, underwriting, claims, client services, and executive management.

  15. Provide consultation to clients and peers regarding trends, forecasting and future planning.

  16. Participate in development and implementation of initiatives to improve processes and procedures.

  17. Perform, as well as lead associates that perform, pricing/underwriting and modeling for prospects/renewal clients by creating competitive financial packages that meet the financial requirements of the Company.

Client Responsibilities

This is an internal and external client facing position that requires excellent customer service skills and interpersonal communication skills (listening/verbal/written). One must be able to respond promptly to client needs; solicit client feedback to improve service; respond to requests for service and assistance from clients; meet commitments to clients; manage difficult or emotional client situations.

Qualifications:

  1. Bachelor's Degree (or equivalent combination of education and experience) in a quantitative based field such as Math, Statistics, Finance, or Accounting.

  2. 2+ years' proven experience, preferably with PBM pricing or actuarial experience.

  3. Good working knowledge of MS Word/Outlook as well as relational databases.

  4. Knowledge of SQL IDEs and SAS also highly recommended.

  5. Amenable for a temporary wfh with night shift schedule.

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