Business Development Executive (Pharmacy Benefit Management) at RxBenefits

, Delaware, United States -

Full Time

Start Date

Immediate

Expiry Date

20 Jan, 26

Salary

140000.0

Posted On

22 Oct, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Business Development, Sales Experience, Pharmacy Benefit Management, Health Industry Knowledge, Hospital Industry Knowledge, Communication Skills, Interpersonal Skills, Leadership Skills, Attention to Detail, Client Relationship Management, Self-Starter, Organizational Skills, Teamwork, Networking, Market Intelligence, Coaching

Industry

Insurance and Employee Benefit Funds

Description

As a key member of the Business Development team, the Business Development Executive is responsible for helping generate new business for the company through targeted approaches and coordinated cross-selling strategies. He/she will work closely with industry sector leaders and marketing department colleagues to ensure an organized, holistic and client-focused strategy is developed and executed in expanding company relationships and service offerings. The Business Development Executive will also leverage personal referral, industry-based and other business community networks to help drive new business opportunities for the company. Frequent travel within assigned territory is required. Territory includes PA, NJ, DE. Essential Job Responsibilities Include: * Leads the business development planning and activities of the key industry sector, practice area, and office teams to which assigned through close collaboration with team leadership and other key relationships. * Identifies areas for expanded services offerings to existing clients, and through consultative sales approach, coordinates follow-on activities with the industry sector * Develops and manages a proactive and organized sales process and pipeline, and tracks achievement against strategic objectives and business plan. * Ensures close coordination and collaboration with marketing colleagues to promote integrated support to business development efforts. * Actively participates in increasing the company’s visibility in target industry sectors and markets through networking, holds leadership roles in influential organizations, and develops high value opportunities and business connections. * Provides sales and business development coaching, and occasional formal training, to selected SAEs & AMs, and assists them in meeting agreed upon goals toward becoming more effective in sales techniques and client relations. * Gathers intelligence on emerging market and industry trends to provide attorneys with an understanding of the competitive landscape and to position the company for increased effectiveness in winning new business. * Helps create and foster a business development culture which embraces a strategic, proactive and client-centric approach in assisting SAEs & AMs with identifying, actively pursuing, and closing new business opportunities. * All other duties as assigned Required Skills / Experience: * Bachelor’s Degree required; Master’s degree preferred * 5+ years of business development/sales experience * PBM / Pharmacy / Health industry experience strongly preferred * Hospital industry experience strongly preferred * Strong business acumen and an understanding of major industry sector trends * Excellent written and verbal presentation/communication * Interpersonal and leadership skills required to work closely with senior executives on a routine basis * Strong attention to detail * Ability to quickly develop rapport and gain respect at all levels of an organization. * Extensive experience and proven success with formulating, implementing and sustaining client development efforts, and in building/expanding client relationships. * Must be a self-starter and self-motivated, with a team-oriented attitude. * Proven organizational skills and a history of teamwork Based on relevant market data and other factors, the anticipated base rate for this role is $140,000 annually. Additionally, this is a commission based role with commissions being an important part of the overall compensation package. Commission eligibility will be based on book of business and annual goals. We are committed to fair and equitable compensation practices. 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

Responsibilities

The Business Development Executive is responsible for generating new business through targeted approaches and coordinated cross-selling strategies. This role involves collaborating with industry leaders and marketing colleagues to develop and execute a client-focused strategy for expanding company relationships and service offerings.