Manager, Trade Relations & Analytics

What you’ll doIn a few words… Abarca is igniting a revolution in healthcare. We built our company on the belief that with smarter technology we are redefining pharmacy benefits, but this is just the beginning…From managing day-to-day pharmacy network operations, developing standard reporting, to crafting pricing and underwriting strategies, our Drug Value Strategy team has us going! Within it, the Data Analytics team spearheads the creation and management of standard reports for all Abarcans and clients to use! They dig in through the raw data to supply updates for audits, create predictive models, and identify potential operational and clinical opportunities.As our Manager of Trade Relations, you will have day-to-day ownership of Abarca’s relationships with pharmaceutical manufacturers and will be responsible for negotiating rebate opportunities that provide savings to Abarca’s clients. You will be responsible for analyzing Abarca’s data to formulate strategies around how to engage with pharmaceutical manufacturers. You will also have ownership for rebate modeling, and you will evaluate rebate offers and identify savings opportunities for clients. This position will provide insights around rebate contracts in support of financial analyses, sales initiatives, strategic client meetings, and others. This position will be part of an innovative strategic group that will create our drug value strategies. You will be provided support and autonomy to engineer drug trend solutions that will ultimately help grow a new and pivotal strategic area of Abarca. For this critical role, the best person would be comfortable with analytics as well as well as contract negotiations. You will love this job if :You enjoy working with others and building long-term business relationshipsYou dream about ways to make the healthcare system more efficient and are excited about the prospect of leveraging financial data and savvy negotiations to accomplish thisYou understand key pharmacy cost drivers. You have been looking for a position where you can have exposure and experience in identifying and executing savings opportunities on behalf of our clients You stay informed about news in the healthcare sector and are curious about how industry events (regulatory and otherwise) impact industry stakeholdersYou have an analytical mindset and enjoy measuring the impact of your work We will provide an environment that is flexible and supportive and transparent so that you can thrive. The fundamentals for the job…Serve as day-to-day relationship owner and contact person for pharmaceutical manufacturersNegotiate and implement rebate agreementsTriage any pharmaceutical manufacturer inquiries and ensure we provide responses in a timely mannerAnalyze Abarca client data to inform rebate negotiation strategy and to identify client savings opportunitiesComplete cost modeling and analysis to determine optimal coverage strategies and to support rebate negotiationWork with legal to revise and execute pharmaceutical manufacturer contractsServe as rebate SME within Abarca in interactions with other teams (including finance, clinical, client engagement, etc.)Provide support during regulatory change management process around regulatory changes impacting rebatesLead the completion of annual rebate RFP and client formulary reviews, which includes financial analysis, opportunity identification, net cost modeling, and responding to inquiriesResearch, compile, and analyze rebate and trending data for internal stakeholders including finance, client account teams, and underwritingManage industry relations analyst(s)Works on high priorities as neededThe bold requirements…Bachelors Degree or Masters Degree in Business or a closely related field. (In lieu of a degree, equivalent relevant experience may be considered.)8 years of work experience in a strategic, analytical, or consulting role in healthcare; preferably in health plan or PBM setting.Experience managing challenging conversations and presenting to senior audiences.Demonstrated experience applying project management skills (i.e. project timelines, KPI’s/metric tracking, visualization of results).Ability to drive and take ownership for key strategic initiatives.Advanced excel skills. Excellent oral and written communication skills.We are proud to offer a flexible hybrid work model which will require certain on-site work days (Puerto Rico Location Only).Nice to have…Based in Puerto Rico.Experience with contract negotiations (rebates, network, or other).Experience with tools to manage perscription drug formulary or utalization management. Experience using SQL.Knowledge of financial drivers of health plan profitability.Physical requirements…Must be able to access and navigate each department at the organization’s facilities.Sedentary work that primarily involves sitting/standing.At Abarca we value and celebrate diversity. Diversity, equity, inclusion, and belonging are guiding principles of Abarca and ensure Abarca’s workforce reflects the communities it serves. We are proud to provide equal employment opportunities to all employees and applicants for employment and prohibit discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, medical condition, genetic information, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.Abarca Health LLC is an equal employment opportunity employer and participates in E-Verify. “Applicant must be a United States’ citizen. Abarca Health LLC does not sponsor employment visas at this time”The above description is not intended to limit the scope of the job or to exclude other duties not mentioned. It is not a final set of specifications for the position. It’s simply meant to give readers an idea of what the role entails.