Experienced Pharmacy Pricing & Underwriting Analyst – Work From Home | Financial Modeling & Data Analytics Position

About arenaflex

Welcome to arenaflex, a leading force in the healthcare and pharmacy industry with a rich legacy spanning over 170 years of committed service to communities across America. As part of an integrated healthcare, pharmacy, and retail enterprise, arenaflex takes pride in its mission to create more fulfilling lives through better health. With nearly 9,000 retail locations nationwide, Puerto Rico, and the U.S. Virgin Islands, we serve approximately 10 million customers every day, making us a cornerstone of community health.

At arenaflex, we believe that our pharmacists and healthcare professionals play an essential role in the American healthcare system. We are committed to providing a wide range of pharmacy and healthcare services that drive equitable access to care, particularly for medically underserved populations. Our organization offers a true omnichannel experience, seamlessly integrating physical and digital systems supported by cutting-edge technology to deliver high-quality services and products across communities nationwide.

We are currently seeking a talented and motivated Pharmacy Pricing & Underwriting Analyst to join our dynamic team. This is a remote work-from-home opportunity that allows you to contribute to meaningful healthcare financial analysis while enjoying the flexibility of working from anywhere in Utah or surrounding areas.

Position Overview

Are you passionate about data analysis, financial modeling, and making a tangible impact in the healthcare industry? Do you thrive in an environment where your analytical skills can drive critical business decisions? If so, we invite you to explore this exciting opportunity as a Pharmacy Pricing & Underwriting Analyst at arenaflex.

In this role, you will be responsible for undertaking monetary modeling through collecting and studying data to make underwriting and pricing recommendations. You will lead data analytics initiatives, collaborate with internal business partners to expand financial forecast models and supporting documentation, and communicate the end results of such analysis to internal management. This position offers the unique chance to work with multi-million dollar opportunities while developing your expertise in pharmacy benefits management.

Key Responsibilities

As a Pharmacy Pricing & Underwriting Analyst at arenaflex, you will be entrusted with a variety of critical responsibilities that contribute to our organization's financial success and operational excellence:

• Data Analysis & Reporting: Query, report, and analyze data while preparing analytics, including pricing and financial models leveraging advanced Microsoft Excel, Microsoft Access, and SQL techniques for opportunities received from pharmacy benefit managers, health plans, and/or healthcare consultants.
• Advanced Excel Modeling: Utilize advanced-level Microsoft Excel skills to create and maintain advanced forecasting and underwriting models, including developing pivot tables, creating Macros, using VLOOKUP, INDEX/MATCH, SUMIFS, troubleshooting formula errors, and performing formula auditing.
• Database Management: Utilize intermediate-level proficiency in Microsoft Access, SAS, and SQL to query and analyze large and complex data sets, including developing parameter and action queries, joining tables, creating cross-tab queries, and using Macros to provide user interaction and automate tasks.
• Process Improvement: Be responsible for monitoring, evaluation, reporting, automation efforts, and recommendation of process improvements to support and enhance contemporary pricing mechanisms.
• Problem Resolution: Identify and solve pricing issues through performing analysis that involves retrieving and analyzing both internal data and data obtained from third-party sources.
• Business Partnership: Utilize standard operating procedures to analyze and respond to inquiries from internal business partners concerning pricing for various lines of business including retail, specialty, immunizations, and clinics.
• Financial Recommendations: Provide compensation rate recommendations based on complex pricing models for multi-million dollar opportunities.
• Cross-Functional Collaboration: Communicate and collaborate with business partners at all levels of the organization in different functional areas, including finance, reporting, operations, business development, and sales.
• Executive Presentation: Present pricing concept recommendations, data analysis, and financial models to management and leadership on a regular basis.
• Documentation: Prepare senior-level executive documentation of pricing concept financial metric recommendations (Executive Governance Memos).

Essential Qualifications

To be considered for this position, candidates must meet the following requirements:

• Education: Bachelor's Degree in Finance, Economics, Accounting, Math, Business, Actuarial Science, or Pharmacoeconomics, OR High School Diploma/GED with at least three years of experience in Pharmacy Benefit Management (PBM), Contracting, Finance, Account Management, or Pricing; or any combination of education and experience which could provide an equivalent background.
• Industry Knowledge: Knowledge and understanding of data, business metrics, and operational processes.
• Analytical Skills: Strong critical thinking competencies and experience with analyzing and reporting data in order to identify issues, trends, or exceptions to drive improvement of results and discover solutions. Ability to challenge results, address ambiguity, solve problems, make decisions, see trends/patterns in data sets, and identify root causes.
• Communication Skills: Excellent verbal and written communication skills essential to provide information to executives and leaders throughout the organization.
• Organizational Skills: Strong organizational competencies and ability to multi-task concurrent assignments while meeting deadlines with a high-quality product.
• Customer Service: Experience providing customer service to internal and external clients, including meeting quality standards.
• Technical Proficiency:
  
  
  
  • Intermediate-level skill in Microsoft PowerPoint (for example: applying a topic, formatting person spacing, inserting a picture, changing slide format and theme colors, adding transitions, customizing slide numbers, changing chart style and/or formatting font)
  
  
  • Intermediate-level skill in Microsoft Excel (for example: using SUM function, setting borders, setting column width, setting charts, using text wrap, sorting, setting headers and footers and/or print scaling)
  
  
  • Intermediate-level skill in Microsoft Word (for example: inserting headers, page breaks, page numbers and tables and/or adjusting table columns)
  
  
  
  
• Travel Availability: Willing to travel up to 10% of the time for business purposes (within state and out of state).

Preferred Qualifications

While not required, the following qualifications will give you a competitive edge:

• Advanced degrees or certifications in finance, actuarial science, or healthcare administration


• Prior experience in Pharmacy Benefit Management (PBM) industry


• Strong background in healthcare pricing and contracting


• Experience with SAS programming


• Knowledge of pharmacy pricing models and reimbursement structures


• Familiarity with regulatory requirements in healthcare financing

Skills & Competencies for Success

To excel in this role at arenaflex, you should possess the following key skills and competencies:

• Data Analysis & Interpretation: The ability to extract meaningful insights from complex datasets and translate them into actionable business recommendations.
• Financial Modeling: Proficiency in building sophisticated financial models that support pricing decisions and underwriting processes.
• Attention to Detail: Meticulous attention to numerical accuracy and data integrity is essential for this role.
• Problem-Solving: The capability to identify issues, analyze root causes, and develop effective solutions.
• Communication: Clear and compelling communication skills to present complex financial analysis to diverse audiences, from technical teams to executive leadership.
• Adaptability: The ability to thrive in a dynamic environment and respond effectively to changing business requirements.
• Time Management: Strong organizational skills to manage multiple projects simultaneously while meeting tight deadlines.

Career Growth & Development

At arenaflex, we are committed to investing in your professional development and helping you build a rewarding career in the healthcare industry. As part of our team, you will have access to:

• Comprehensive training programs and professional development opportunities


• Mentorship from experienced industry professionals


• Exposure to cross-functional teams and business units


• Performance-based advancement opportunities


• Internal mobility programs that allow you to explore different roles within the organization


• Continuous learning through workshops, seminars, and certification support

This position serves as an excellent foundation for career advancement within arenaflex, with potential paths leading to senior analyst roles, team leadership positions, or specialized roles in areas such as contract negotiations, strategic pricing, or enterprise data analytics.

Work Environment & Culture

Join a workplace that values innovation, collaboration, and diversity. At arenaflex, we foster an inclusive environment where every team member feels empowered to contribute their best work. Our remote work arrangement provides the flexibility you need to maintain a healthy work-life balance while remaining connected to your team through cutting-edge virtual collaboration tools.

You'll be part of a supportive team that values open communication, continuous improvement, and a shared commitment to excellence. Our culture emphasizes accountability, integrity, and a customer-centric approach in everything we do.

Compensation & Benefits

We recognize that our employees are our most valuable asset, and we are committed to providing a comprehensive and competitive benefits package. The salary range for this position is $25-35 per hour, commensurate with experience and qualifications.

Our extensive benefits package includes:

• Financial Security: Company-Paid Life Insurance and Voluntary Life & Personal Accident Insurance
• Health & Wellness: Medical, Prescription Drugs, Dental, and Vision coverage
• Retirement Planning: Retirement Savings Plan – 401(k) with company matching
• Stock Programs: Employee Stock Purchase Plan
• Time Off: Paid Time Off (PTO) and Holidays
• Family Support: Paid Parental Leave (PPL)
• Commuter Benefits: Transportation Benefit Plan
• Employee Perks: Employee Store Discount
• Additional Coverage: Voluntary Life & Personal Accident Insurance

Equal Opportunity Employer

arenaflex is an Equal Opportunity Employer, including disability/veterans. We are committed to creating a diverse and inclusive workplace where all employees have the opportunity to thrive and contribute to our mission of improving health outcomes for communities across America.

Join Our Team Today

If you are ready to take the next step in your career and make a meaningful impact in the healthcare industry, we encourage you to apply for this exciting opportunity. At arenaflex, you will join a team of dedicated professionals who are passionate about improving lives through better health.

We are looking for individuals who are analytical, detail-oriented, and motivated by the opportunity to work on challenging projects that directly impact business outcomes. This is your chance to grow your career with an industry leader while contributing to meaningful work that helps millions of people access quality healthcare services.

Apply now to become part of the arenaflex family and start your journey toward a rewarding career in pharmacy pricing and underwriting analytics!