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Pharmacy Account Executive - Chicago, United States - Lockton
Description
Your Responsibilities
Lockton Midwest is currently seeking an Account Executive to provide technical support and serve as a point of contact for the pharmacy practice.
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 ResponsibilitiesProviding assistance in strategic planning and consulting advice to clients to include assistance with the production of Requests for Proposal, coordinating PBM responses, analysis and comparison of RFP responses, and preparation of a client report with recommendations
Develop financial models and reports for clients and more senior staff, provide interpretation and implication of analysis, as well as recommendations
Oversee the servicing of a designated book or partial book of business as relating to marketing, claims, reporting and administration
Track day-to-day issues related to clients' pharmacy plans and assist team members in closing out open items.
Build and maintain client timelines for projects such as RFPs, renewals, reporting, and other projects.
Interpret clients' current pharmacy programs and identify/recommend gaps, alternatives, additional plan design changes, etc.
Assist in developing an implementation plan with client and serve as primary lead on PBM implementation calls and meetings.
Assist in the review of all agreements and/or documents related to client's business
Meet with clients in conjunction with Team or Company Leadership to review a) pharmacy utilization, b) abnormal utilization results, c) monthly claims experience, d) set strategies and goals
Facilitate meet and greets with PBMs or other vendors in the market
Research and understand industry trends and PBM product offerings
Maintain knowledge of and on applicable governmental compliance and regulations in order to educate and consult client(s)
Other responsibilities as assigned and/or needed
Qualifications
EDUCATION, EXPERIENCE, AND SKILLS REQUIRED
A Bachelor's Degree in a business related field or equivalent experience in the insurance industry
A minimum of 1-2 years' experience in the insurance industry, specifically in employee welfare benefits
Knowledge the Pharmacy Benefit Management (PBM) industry
Demonstrate advance knowledge of PowerPoint, Word, and Excel
Strong verbal and interpersonal communication skills including but not limited to building rapport, negotiating and persuading
Strong customer service skills, with the ability to develop strong client relationships with multiple clients
Strong working knowledge and experience with the broker and or employee benefits industry
Ability to interact with vendors effectively
Excellent computer skills including word processing and spreadsheet expertise
Excellent organizational and communication skills
Legal right to work in the United States
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