Financial Risk Analyst

About the job

RxBenefits is hiring! We are seeking a highly analytical and detail-oriented Financial Risk Analyst to join our growing Accounting team. This position will be responsible for assisting in the quantitative analyses of formulary rebates, monitoring and reporting of operational performance guarantees, and other ad hoc reporting.

Essential Job Responsibilities Include:

• Develop and implement methodologies to identify, measure, and monitor financial risks
• Analyze PBM contracts to assess financial exposure and compliance risks
• Monitor and analyze the financial risk impact of current and proposed healthcare legislation
• Review key performance indicators (KPIs) and research contracts to help facilitate answers to inquiries from management, clients, brokers, etc.
• Assist in the allocation and analysis of incoming formulary rebates distributed to our clients
• Provide support in the monitoring and reporting of our client performance guarantees
• Run any requested additional ad hoc reporting to help our organization better service our clients
• Assist with the monthly financial close process, including performing account reconciliations and accurately posting journal entries in accordance with US GAAP
• Compile and prepare documentation and assist with the annual external financial statement audit
• Participate in system implementations, process reviews and integrations, and other similar accounting projects
• Perform other accounting, financial, or administrative tasks as may be required from time to time by management

Required Skills / Experience:

• 3-5 years of experience in financial analysis, risk management, or a related quantitative/accounting role
• Advanced understanding of Excel (e.g. Pivot tables, VBA, XLOOKUP, IF, etc.)
• Exceptional ability to identify patterns and trends and draw financially sound conclusions
• Knowledge of basic Accounting fundamentals (Accrual Accounting and US GAAP)
• Strong attention to detail, ensuring the integrity and accuracy of all financial records and client deliverables
• Ability to manage multiple assignments simultaneously to meet deadlines
• Excellent written and verbal communication skills, with the ability to explain complex technical and financial concepts to non-technical stakeholders
• Highly collaborative team player with proactive and resourceful approach to overcoming analytical challenges and developing effective solutions

Preferred Skills / Experience:

• Bachelor’s Degree in Accounting, Finance, or other business B.S. degree, preferred
• Proven working knowledge of the Pharmacy Benefits Management (PBM) industry, preferred
• Proven ability to work with and interpret large, complex data sets and experience with Business Intelligence (BI) tools (e.g. Power BI) is highly desirable

Based on relevant market data and other factors, the anticipated hiring range for this role is $67,200 - $80,000 annually. Final compensation rates will be determined based on various factors, including but not limited to experience, skills, knowledge, and internal equity considerations. This role is also short-term incentive eligible. Incentive amounts will vary by individual and business goals.

We are committed to fair and equitable compensation practices. The final salary offered to the selected candidate may vary from the posted range due to individual qualifications. Our goal is to ensure that all teammates are compensated fairly and competitively based on their contributions to our organization.