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Pharmacy Market Forecasting – Trend Director
SmithRxForecasting & Trend Analytics Director at SmithRx, directing analytics for drug spend forecasting and market trends. Collaborating with teams to drive cost-effective drug pricing initiatives.
About the role
Key responsibilities & impact- 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 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
Requirements
What you’ll need- 8+ years of experience in analytical, forecasting, financial, actuarial or strategy roles
- 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
Benefits
Comp & perks- Health insurance
- 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
ATS Keywords
✓ Tailor your resumeApplicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
drug spend forecastingfinancial modelingactuarial analysisdata analyticsquantitative analysisreport automationtrend analysiscustomer level assessmentcost-containment strategiesmarket trend reporting
Soft Skills
communicationcollaborationnarrative developmentstrategic thinkingpresentation skillscustomer engagementteamworkleadershipproblem-solvingadaptability
Certifications
Bachelor's degreeMBA