Senior Account Executive, Pharmacy at Lockton Companies - UAE

Philadelphia, Pennsylvania, United States -

Full Time

Start Date

Immediate

Expiry Date

11 Jun, 26

Salary

0.0

Posted On

13 Mar, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Professionalism, Adaptability, Client Servicing, Issue Management, RFP Development, Data Analysis, Financial Modeling, Strategic Planning, Consulting, Vendor Agreement Review, Project Management, Relationship Building, Customer Service, Welfare Benefits Knowledge, Risk Assessment, Problem Solving

Industry

Insurance

Description

Lockton is currently seeking a Senior Account Executive to join our Pharmacy practice managing mid-market and national accounts. The ideal candidate will demonstrate a high level of professionalism; possess the ability to work well in a fast-paced environment and the flexibility to easily adapt to changing priorities. ESSENTIAL JOB DUTIES AND RESPONSIBILITIES: • Oversees the servicing of a designated book of business. • Manage day to day issues related to clients’ pharmacy plans and assist team members in closing out open items. • Develop and distribute RFP’s – market and spread results; coordinating vendor responses, analysis and comparison of RFP responses and preparation of client reports with recommendations. • Work collaboratively with PBMs to collect pharmacy data, ensuring reporting is accurate, timely, and of high quality. • Develop financial models and reports for clients and more senior staff, provide interpretation and implication of analysis, as well as recommendations. • Provide assistance in strategic planning and consulting advice to internal and external clients. • Ensures client projects are completed timely. • Interpret clients’ current pharmacy programs and identify/recommend gaps, alternatives, additional plan design changes, etc. • Manage the review and accuracy of all vendor agreements and/or documents and/or plan/policy documents related to best in class terms/provisions. • Develop an implementation or project plan with client and serve as primary lead on PBM implementation calls and meetings. • Attend evening and lunch events with clients to build and strengthen on-going relationships. • Attendance at internal meetings/educational programs. EDUCATION, EXPERIENCE, AND SKILLS REQUIRED: • Bachelor’s Degree in a business-related field is required • Minimum 8 to 10 years’ experience in the industry, specifically experience in PBMs or like. • Strong customer service skills with the ability to develop strong client relationships with multiple clients • A firm working knowledge of welfare benefits in multiple product lines (i.e. medical, dental, life, AD&D, disability) and a basic understanding of risk and insurance. • Excellent computer skills; must have the ability to manipulate large spreadsheets, census data, disruption, geo-access, benchmarking data, etc. • Must have mathematical/technical expertise in managing and reporting monthly claim tracking results and observations. • Strong client-facing communication skills with the ability to collaborate alongside consultants to review action items, address vendor-related issues, interpret root cause analyses, and clearly articulate next-step solutions. • Strong working knowledge of differing financial arrangements and products available to clients including self-funded. • Excellent organizational and communication skills • Proven critical thinking and problem-solving skills • Must be available for travel • Legal right to work in the United States Lockton Companies LLC is proud to provide everyone an equal opportunity to grow and advance. We strive to cultivate an environment that learns from, celebrates, and thrives because of our breadth of differences. We are committed to fostering a culture where every member of the Lockton family feels valued and accepted as they are and safe to bring their authentic selves to work every single day. At the end of the day, our mission is to ensure that our family can be anyone’s family. #LI-DG2 #LI-MM4

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Responsibilities

This role involves overseeing a designated book of business, managing daily client issues related to pharmacy plans, and developing/distributing RFPs for market analysis and reporting. The executive will also collaborate with PBMs to ensure accurate data reporting and develop financial models and recommendations for clients and senior staff.