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Senior Analyst, Payer Analytics

Employer
AbbVie
Location
Lake County, Illinois
Start date
Feb 15, 2024

Job Details

Description

AbbVie’s mission is to discover and deliver innovative medicines that solve serious health issues today and address the medical challenges of tomorrow. We strive to have a remarkable impact on people’s lives across several key therapeutic areas: immunology, oncology, neuroscience, eye care, virology, women’s health, and gastroenterology, in addition to products and services across its Allergan Aesthetics portfolio.

 

The Senior Analyst, Payer Contracting Analytics candidate will play an important role in the continued success and growth of AbbVie’s US Market Access & Contracting.  The candidate will closely collaborate with executive stakeholders from Marketing / Sales / Finance to analyze contracting strategies and initiatives to maintain robust sales in a rapidly changing market. Additionally, the candidate will get deep insights into financial modeling design and validation.

 

The candidate will support the development of spend and trend forecasting, as well as perform SWOT (Strength, Weakness, Opportunities, Threats) analysis regarding our customers (managed healthcare entities) and our competitors. The role is dynamic, and the analysis will be dictated by market events from the formulary negotiations. The role involves providing analytics and financial modeling across both all sales channels and products. Additionally, the candidate will support the model validation and control process, to ensure the forecasts provided are robust and accurate.

  

Key Job Responsibilities

The candidate will be responsible for validating and supporting the financial models used to project gross-to-net spend and forecast sales. The individual will need to be detailed oriented to update model assumptions resulting from marketplace or legislative developments and communicate findings to influence business strategy across a wide variety of executive audiences. The candidate will calculate the possibilities for the future and help evaluate risk with sophisticated data analytics.

 

Additionally,

  • Require attention detail to attention, in terms of calibrating the correct assumptions for the financial models. Ability to reasonability check financial output is crucial.
  • Demonstrating working knowledge in understanding if model output is reasonable, and be able to explain how changes in model assumptions results in corresponding changes in output and financial recommendations.
  • Take advanced analytics from multiple therapeutic areas and utilize insights to apply solutions.
  • Synthesize data and other internal and external inputs to frame problems and propose potential strategic innovative options related to enterprise strategic planning.
  • Demonstrating awareness, use and integration of secondary data sources, integrating findings across studies to provide strategic insight, and guiding research decisions based on applicability and limitations of primary versus secondary research.
  • Delivering research and analytical findings objectively to Market Access Sales and Marketing Leadership teams, and other internal customers, regardless of the implications of their results.
  • Conducting analytics though the integration of complex datasets that frame the parameters around trade initiatives, assessment, segmentation and targeting strategies, hypothesis testing, pilot experiment design, and predictive analytics.

  • Bachelor’s degree in one of the following fields: Actuarial Science, Quantitative Finance, Data Science, Statistics, Economics, Engineering, and/or Applied Mathematics
  • Master’s degree in the above listed fields, or advanced professional credentials demonstrating ability to run financial models (actuarial designations, CFA, etc.)
  • Minimum of 2 years of experience in financial modeling, actuarial science, or quantitative finance
  • Proven ability to produce results under dynamic environments and provide structure onto unstructured challenges.
  • Above average communication skills (written and verbal), strong analytical skills, and attention to detail.
  • Proven ability to distill complex information into concise and impactful messages/presentations.
  • ·        Working knowledge of trend forecasting, and ability to run quantitative financial models.

    ·        Knowledge of the health benefits arena, preferably in pharmacy benefits management ""PBM"" or other managed healthcare services to national and regional managed care organizations, insurance companies, and other health related entities.

    ·        Knowledge of the overall pharmacy marketplace, either from a buy-side perspective (insurance / PBM) or from a sell-side perspective (manufacturer / wholesaler)

    AbbVie is committed to operating with integrity, driving innovation, transforming lives, serving our community, and embracing diversity and inclusion. It is AbbVie’s policy to employ qualified persons of the greatest ability without discrimination against any employee or applicant for employment because of race, color, religion, national origin, age, sex (including pregnancy), physical or mental disability, medical condition, genetic information, gender identity or expression, sexual orientation, marital status, status as a protected veteran, or any other legally protected group status.


    Company

    AbbVie’s mission is to discover and deliver innovative medicines that solve serious health issues today and address the medical challenges of tomorrow. We strive to have a remarkable impact on people’s lives across several key therapeutic areas: immunology, oncology, neuroscience, eye care, virology, women’s health and gastroenterology, in addition to products and services across its Allergan Aesthetics portfolio. For more information about AbbVie, please visit us at www.abbvie.com. Follow @abbvie on Twitter, Facebook, Instagram, and YouTube.

    Stock Symbol: ABBV

    Stock Exchange: NYSE

    Company info
    Website
    Phone
    1-800-255-5162
    Location
    1 North Waukegan Road
    North Chicago
    Illinois
    60064
    US

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