Benefit Manager, Pharmacy

At GEICO, we offer a rewarding career where your ambitions are met with endless possibilities. 

Every day we honor our iconic brand by offering quality coverage to millions of customers and being there when they need us most. We thrive through relentless innovation to exceed our customers’ expectations while making a real impact for our company through our shared purpose. 

When you join our company, we want you to feel valued, supported and proud to work here. That’s why we offer The GEICO Pledge: Great Company, Great Culture, Great Rewards and Great Careers.

Primary Responsibilities​

• Manages key pharmacy vendor relationships and day-to-day operational activities including contracting, service delivery and performance management. Proven track record of success with managing large pharmacy contracts.​

• Participates in annual renewal activities and negotiations for self-funded and fully insured vendors to ensure market-competitive financial terms and services.​

• Regularly reviews health care program utilization and claims experience to monitor plan financial performance and identify emerging cost drivers and trends.​

• Provides plan design recommendations to leadership based on understanding of plan performance and market benchmarks/best practices.​

• Includes comprehensive analysis of plan financial/member impact and business case development.​

• Supports multi-year forecasting of self-funded and fully insured health care program costs in alignment with the Long Range Planning process.​

• Supports annual budget and contribution setting analysis.​

• Assists in the development and analysis of vendor Requests for Proposal (RFPs), as needed.​

• Develops close working relationships with key People Group and business stakeholders to proactively ensures that benefit offerings align with business needs.​

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Minimum Requirements:

• Bachelor’s degree

• 5+ years of experience managing direct reports

• 5+ years administering benefits, with experience in benefits strategy, design, and with digital and visual platforms and communication systems preferred

• Ability to manage multiple priorities and stakeholders, working comfortably with ambiguity and with a high sense of urgency

• Resilient and able to respond under pressure

• Strong project management skills

• Able to work autonomously and provide independent opinions

• Excellent communication skills and ability to articulate complex issues concisely

• Excellent multi-tasking and prioritizing with strong track record of meeting challenging deadlines

• Strong analytical skills to manage large data volumes, understand and produce trends with commentary

• Advanced skills with Microsoft Office (PowerPoint, Excel and Workday)

• Adheres to the GEICO Code of Conduct, company policies, and operating principles

• Meets attendance standard of the business location, to perform necessary job functions and to facilitate interaction with subordinates and management

• This is a hybrid (3-days/week in office) role and open to all GEICO corporate office locations

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Annual Salary

$88,150.00 - $157,850.00

The above annual salary range is a general guideline. Multiple factors are taken into consideration to arrive at the final hourly rate/ annual salary to be offered to the selected candidate. Factors include, but are not limited to, the scope and responsibilities of the role, the selected candidate’s work experience, education and training, the work location as well as market and business considerations.

 

At this time, GEICO will not sponsor a new applicant for employment authorization for this position.

 

The GEICO Pledge:

Great Company: At GEICO, we help our customers through life’s twists and turns. Our mission is to protect people when they need it most and we’re constantly evolving to stay ahead of their needs.

We’re an iconic brand that thrives on innovation, exceeding our customers’ expectatio