Case Underwriter

Capital Rx

Capital Rx

Marketing & Communications
New York, NY, USA · Remote
Posted on Jul 20, 2024

Department

Job Title

Capital Rx is redefining the way prescriptions are priced and administered in the U.S. Capital Rx unlocks the pharmacy supply chain and reduces prescription costs for employer groups. By establishing a competitive marketplace for drug pricing, Capital Rx focuses its resources on deploying actionable strategies that improve plan performance and patient outcomes. The company's commitment to innovation, technology, and service is why Capital Rx is the fastest-growing pharmacy benefit manager in America.

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Finance

Case Underwriter

Location: Remote (For Non-Local) or Hybrid (Local to NYC area)

Position Responsibilities:

  • Direct and execute day-to-day pricing and underwriting for new and renewing business opportunities
  • Coordinate with Sales, RFP response, and other business functions to submit timely and complete RFP responses
  • Collaborate with Executive Team and other business functions to design, refine, and maintain internal underwriting, financial modeling, and financial reporting SOPs
  • Support client contracting, including validation that contract terms align with proposal underwriting parameters
  • Present final underwriting to Sales and Executive Team and be able to articulate any potential risk
  • Support continued development and maintenance of underwriting and financial reporting system infrastructure
  • Mine external data to determine best underwriting practices for each business opportunity
  • Manage multiple projects and deadlines as needed
  • Work collaboratively across the organization to communicate and support ongoing financial analytics and reporting needs
  • Support analysis and development of pricing models for new products
  • Support general business needs, as required
  • Responsible for adherence to the Capital Rx Code of Conduct including reporting of noncompliance.

Required Qualifications

  • Bachelor’s degree, with record of strong academic performance in Accounting, Finance, Actuarial Science, Statistics, or Economics (In lieu of a degree, equivalent relevant work experience may be considered)
  • 2+ years of proven experience in financial analysis, actuarial services, accounting, pricing & underwriting
  • Pharmacy, PBM, or Health Plan experience required
  • Knowledge of risk management, statistics, financial modeling
  • Experience manipulating large data sets, including the ability to analyze and interpret historical claims data.
  • Proficient in Excel and data visualization tools
  • Experience in either SQL, SAS, or R preferred
  • Track record of leading cross-functional initiatives, driving high performance, meeting deadlines, and executing on deliverables
  • Ability to balance multiple complex projects simultaneously
  • Exceptional technical, analytical, and problem-solving skills
  • Exceptional written and verbal communication skills
  • Extremely flexible, highly organized, and able to shift priorities easily
  • Attention to detail & commitment to delivering high quality work product

Base Salary: $95,000 - $115,000

Nothing in this position description restricts management’s right to assign or reassign duties and responsibilities to this job at any time.

About Capital Rx

Capital Rx is a full-service pharmacy benefit manager (PBM) and pharmacy benefit administrator (PBA), advancing our nation’s electronic healthcare infrastructure to improve drug price visibility and patient outcomes. As a Certified B Corp™, Capital Rx is executing its mission through the deployment of JUDI®, the company’s cloud-native enterprise health platform, and a Single-Ledger Model™, which increases visibility and reduces variability in drug prices. JUDI connects every aspect of the pharmacy ecosystem in one efficient, scalable platform, servicing millions of members for Medicare, Medicaid, and commercial plans. Together with its clients, Capital Rx is reimagining the administration of pharmacy benefits and rebuilding trust in healthcare.

Capital Rx values a diverse workplace and celebrates the diversity that each employee brings to the table. 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.

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