Description
As a Pharmacy Placement Lead Associate, you will significantly contribute to a client’s benefits strategy through managing and/or leading the entire vendor/carrier bid, procurement, and negotiation process. While the focus area will be Pharmacy, you will have opportunities to learn the full spectrum of employer health and group benefit programs including medical, dental, life, and disability. You will interface with vendors and client teams, prepare client deliverables, and ensure quality standards are met.
The Role
- Materially contributes to clients’ benefits strategies by leading the entire carrier/vendor bid, procurement, and negotiation process for clients
- Understands and articulates broader impact of placement strategies and decisions for carrier/vendor marketings (Requests for Information or Requests for Proposal)
- Applies in-depth knowledge of industry trends, available products/solutions and carrier/vendor differentiators to inform and influence clients’ placement strategies
- Manages clients’ expectation and relationships positively and effectively
- Collaborates with Client Service teams and H&B Communities of Expertise (CoEs) to communicate and deliver placement results by preparing teams for meetings or directly co-presenting in meetings
- Provides quality reviews for placement work created by the Global Delivery Centers (GDCs) and/or junior Placement colleagues
- Awards business to chosen carrier/vendor and manages declination communications to those not selected
- Maintains/cultivates strong carrier/vendor relationships to enhance WTW’s market position and brand
Qualifications
- 3+ years’ experience in professional services, ideally gained in a benefit consulting/brokerage firm or insurance vendor/carrier
- Intermediate/advanced knowledge of Pharmacy programs, including contracts and provisions
- Intermediate/advanced knowledge of Pharmacy vendor/carrier landscape
- Proven ability to manage multiple projects simultaneously and produce quality deliverables on time and within budget
- Strong client service orientation and ability to manage expectations and relationships both internally and with clients
- Proven ability to identify and resolve issues with limited information and experience
- Strong written and verbal communication skills
- Self-starter attitude and ability to work independently and as part of a team
- Strong analytical, creative and integrative skills
- Ability to direct work of more junior colleagues and provide feedback
- Excellent Microsoft Office skills, particularly in Excel and PowerPoint
- State Life and Health license required within 90 days of joining
- Relevant industry experience and/or Bachelor's degree in finance/math, risk management, human resources or business will be considered in lieu of industry experience
This position will remain posted for a minimum of three business days from the date posted or until a sufficient/appropriate candidate slate has been identified.
Compensation And Benefits
Base salary range and benefits information for this position are being included in accordance with requirements of various state/local pay transparency legislation. Please note that salaries may vary for different individuals in the same role based on several factors, including but not limited to location of the role, individual competencies, education/professional certifications, qualifications/experience, performance in the role and potential for revenue generation (Producer roles only).
Compensation
The base salary compensation range being offered for this role is $80,000.00 to $95,000.00 USD
This role is also eligible for an annual short-term incentive bonus
Company Benefits
WTW provides a competitive benefit package which includes the following (eligibility requirements apply):
- Health and Welfare Benefits: Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Group Accident, Group Critical Illness, Life Insurance, AD&D, Group Legal, Identify Theft Protection, Wellbeing Program and Work/Life Resources (including Employee Assistance Program)
- Leave Benefits: Paid Holidays, Annual Paid Time Off (includes paid state/local paid leave where required), Short-Term Disability, Long-Term Disability, Other Leaves (e.g., Bereavement, FMLA, ADA, Jury Duty, Military Leave, and Parental and Adoption Leave), Paid Time Off (Washington State only)
At WTW, we trust you to know your work and the people, tools and environment you need to be successful. The majority of our colleagues work in a ”hybrid” style, with a mix of remote, in-person and in-office interactions dependent on the needs of the team, role and clients. Our flexibility is rooted in trust and “hybrid” is not a one-size-fits-all solution.
We understand flexibility is key to supporting an inclusive and diverse workforce and so we encourage requests for all types of flexible working as well as location-based arrangements. Please speak to your recruiter to discuss more.
