[Hiring] Pharmacy Market Forecasting & Trend Director @SmithRx

Role Description

SmithRx is seeking a Forecasting & Trend Analytics Director to join our growing team. In this strategic leadership role, you'll collaborate directly with senior executives and our key clients to ensure that SmithRx is achieving our objective of providing the lowest possible drug costs. This individual will be responsible for architecting Smith’s strategy enhanced forecast analytics at both the customer and market levels. The role is key to identifying and developing the financial and clinical data strategies that project healthcare expenditures for our clients. This will entail collaborating with our Data Analytics, Clinical Strategy, Pricing, and Performance & Accountability teams. The ideal candidate will have a strong background in forecasting and analytics, and possess a balance in connecting analytical detail, market trends, and clinical information to develop an overall cohesive approach.

What you will do:

• Own the development, maintenance, and execution of forward-looking drug spend forecasting models.
• Quantify the impact of macro-market shifts in collaboration with Pricing team.
• Partner with the Clinical Strategy team to translate upcoming pharmacy market events into quantitative financial models.
• Evaluate customer level trends, to identify key drivers and inform future expectations at the overall spend levels.
• Translate highly complex actuarial and analytical findings into clear, compelling narratives for executive leadership, consultants, and sophisticated employer groups.
• Direct the creation of external trend reports showcasing the Smith’s market expectations and cost-containment efficacy.
• Work with the Data Analytics team to build out model(s) for deeply understanding drug spend forecasts, and build reports to maximally automate the process of spend forecasting given customer specific trends.
• Actively participate in customer level assessment for ongoing retention activity.
• Work closely with Sales and Proposals teams to craft offers to pharmacy consultants, brokers, and clients which properly reflect SmithRx’s value.
• Engage pharmacy consultants and brokers to educate the market about SmithRx’s market trend expectations and how Smith manages to optimize client outcomes against trend.
• Various other ad hoc strategic projects aimed supporting SmithRx growth initiatives.

Qualifications

• 8+ years of experience in analytical, forecasting, financial, actuarial or strategy roles, including 3+ years experience in healthcare and/or pharmacy industry related roles.
• Bachelor's degree or equivalent experience, advanced degree or MBA preferred.
• Strong familiarity with pharmacy industry dynamics and major market events.
• Prior experience in finance or consulting is a plus.
• Excel at both written and oral communication, adeptly presenting SmithRx trend expectations with a deep level of rigor to audiences including internal leaders, brokers, pharmacy consultants, and employers.

Benefits

• Highly competitive wellness benefits including Medical, Pharmacy, Dental, Vision, and Life Insurance and AD&D Insurance.
• Flexible Spending Benefits.
• 401(k) Retirement Savings Program.
• Short-term and long-term disability.
• Discretionary Paid Time Off.
• Paid Company Holidays.
• Wellness Benefits.
• Commuter Benefits.
• Paid Parental Leave benefits.
• Employee Assistance Program (EAP).
• Well-stocked kitchen in office locations.
• Professional development and training opportunities.