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Pbm Underwriting Analytics Jobs (NOW HIRING)

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Pbm Underwriting Analytics information

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$36K

$67.6K

$112.5K

How much do pbm underwriting analytics jobs pay per year?

As of Jun 12, 2026, the average yearly pay for pbm underwriting analytics in the United States is $67,577.00, according to ZipRecruiter salary data. Most workers in this role earn between $50,500.00 and $75,000.00 per year, depending on experience, location, and employer.

How does a PBM Underwriting Analytics professional typically collaborate with other teams within a pharmacy benefit management organization?

A PBM Underwriting Analytics professional frequently collaborates with underwriting teams, actuaries, pharmacy operations, and sales teams to develop accurate pricing models and risk assessments for pharmacy benefit plans. They analyze large datasets to support the development of competitive bids and ensure compliance with regulatory standards. Regular cross-functional meetings and project-based teamwork are common, allowing analytics professionals to contribute insights that influence plan design, client proposals, and strategic decision-making. This collaborative environment offers exposure to various aspects of PBM operations and can open doors to advancement into leadership, pricing strategy, or broader data analytics roles.

What are the key skills and qualifications needed to thrive as a PBM Underwriting Analytics professional, and why are they important?

To thrive in PBM Underwriting Analytics, you need strong analytical skills, expertise in pharmacy benefit management concepts, and a background in finance, mathematics, or a related field. Familiarity with data analysis tools such as SQL, Excel, SAS, and actuarial software, along with knowledge of healthcare regulations, is typically required. Exceptional attention to detail, strong problem-solving abilities, and effective communication skills set top performers apart in this role. These skills are essential for accurately assessing risk, setting competitive pricing, and ensuring the financial sustainability of PBM contracts.

What type of underwriter gets paid the most?

In underwriting, senior or specialized underwriters such as those in reinsurance, large commercial, or complex risk areas tend to earn higher salaries. Underwriters with advanced certifications, extensive experience, and expertise in niche markets generally receive higher compensation within the field.

What is PBM Underwriting Analytics?

PBM Underwriting Analytics refers to the use of data analysis and predictive modeling to assess financial risks and determine pricing strategies for pharmacy benefit management (PBM) contracts. Professionals in this field analyze pharmacy claims, utilization trends, and population health data to help set premiums, forecast costs, and ensure profitability for health plans or employers. Their insights help PBMs and insurers manage drug benefit costs while maintaining access to necessary medications for members.

What does a PBM underwriter do?

A PBM underwriter evaluates pharmacy benefit management applications to determine coverage terms, risk levels, and pricing. They analyze data, assess provider networks, and ensure compliance with industry regulations, often using specialized software and risk assessment skills.

What jobs pay $2000 a day?

Jobs in high-level underwriting analytics, such as senior PBM Underwriting Analysts or specialized financial roles, can potentially pay $2000 a day, especially for consultants or contractors with extensive experience and advanced skills. These positions often require expertise in data analysis, risk assessment, and industry certifications, and may involve project-based or freelance work with high compensation rates.

What is the difference between Pbm Underwriting Analytics vs Pbm Underwriting?

AspectPbm Underwriting AnalyticsPbm Underwriting
Primary FocusData analysis, risk assessment, and predictive modeling for pharmacy benefit managementEvaluating and approving pharmacy benefit plans, policy underwriting, and risk selection
Required SkillsData analysis, statistical modeling, familiarity with analytics toolsKnowledge of pharmacy benefits, underwriting principles, policy evaluation
Work EnvironmentMostly office-based, working with data teams and underwritersOffice or remote, collaborating with sales, providers, and risk teams
Common Industry UsageUsed in analytics departments to optimize pharmacy benefitsUsed in underwriting departments to assess benefit plans

In summary, Pbm Underwriting Analytics focuses on data-driven risk assessment and predictive modeling within pharmacy benefits, while Pbm Underwriting involves evaluating and approving benefit plans based on risk and policy criteria. Both roles are essential in pharmacy benefit management but serve different functions within the industry.

What does an underwriting analyst do?

An underwriting analyst evaluates insurance applications by analyzing risk factors, financial data, and policy details to determine coverage eligibility and pricing. They use data analysis tools and industry guidelines to support decision-making and ensure accurate risk assessment. The role often requires strong analytical skills and knowledge of underwriting standards.
Infographic showing various Pbm Underwriting Analytics job openings in the United States as of June 2026, with employment types broken down into 100% Full Time. Highlights an 67% In-person, and 33% Hybrid job distribution, with an average salary of $67,577 per year, or $32.5 per hour.
PBM Pricing Strategy Analyst Manager - Underwriting

PBM Pricing Strategy Analyst Manager - Underwriting

Elevance Health

Cincinnati, OH • Hybrid

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 15 days ago


Elevance Health rating

7.8

Company rating: 7.8 out of 10

Based on 331 frontline employees who took The Breakroom Quiz

166th of 261 rated insurance


Job description

Anticipated End Date:

2026-06-11

Position Title:

PBM Pricing Strategy Analyst Manager - Underwriting

Job Description:

PBM Pricing Strategy Analyst Manager

Location: This role requires associates to be in-office 1-2 days per week, fostering collaboration and connectivity, while providing flexibility to support productivity and work-life balance. This approach combines structured office engagement with the autonomy of virtual work, promoting a dynamic and adaptable workplace. Alternate locations may be considered if candidates reside within a commuting distance from an office.

Please note that per our policy on hybrid/virtual work, candidates not within a reasonable commuting distance from the posting location(s) will not be considered for employment, unless an accommodation is granted as required by law.

The PBM Pricing Strategy Analyst Manager is responsible for Pharmacy Services pricing and Administrative Services Only (ASO) support functions.

How You Will Make an Impact:

  • Implements new processes, process improvements, and best practices related to pricing, guarantee monitoring, and ASO pass back activities.
  • Creates and implements metrics and supports performance measures to establish performance objectives for revenue maximization and pharmacy pricing.
  • Creates tools and processes to monitor margin revenue, pricing accuracy, and client retention.
  • Monitors revenue performing below thresholds and implements necessary tasks to bring performance to or above targets.
  • Implements pricing in the system related to margin.
  • Supports the Pharmacy Services team in implementing future revenue, member expansion and growth capacity.
  • Assists with developing pharmacy pricing training to underwriters and updates to underwriting guidelines.

Minimum Requirements:

Requires a BA/BS in Finance or related field and a minimum of 5 years of experience with a Pharmacy Benefits Manage (PBM), pricing, data analysis; or any combination of education and experience, which would provide an equivalent background.

Preferred Skills, Capabilities, and Experiences:

  • Pharmacy Underwriting knowledge and concepts
  • Strong analytical skills
  • Experience responding to Request for Proposals

Job Level:

Non-Management Exempt

Workshift:

1st Shift (United States of America)

Job Family:

AFA > Financial Operations

Please be advised that Elevance Health only accepts resumes for compensation from agencies that have a signed agreement with Elevance Health. Any unsolicited resumes, including those submitted to hiring managers, are deemed to be the property of Elevance Health.


Who We Are

Elevance Health is a health company dedicated to improving lives and communities - and making healthcare simpler. We are a Fortune 25 company with a longstanding history in the healthcare industry, looking for leaders at all levels of the organization who are passionate about making an impact on our members and the communities we serve.


How We Work

At Elevance Health, we are creating a culture that is designed to advance our strategy but will also lead to personal and professional growth for our associates. Our values and behaviors are the root of our culture. They are how we achieve our strategy, power our business outcomes and drive our shared success - for our consumers, our associates, our communities and our business.


We offer a range of market-competitive total rewards that include merit increases, paid holidays, Paid Time Off, and incentive bonus programs (unless covered by a collective bargaining agreement), medical, dental, vision, short and long term disability benefits, 401(k) +match, stock purchase plan, life insurance, wellness programs and financial education resources, to name a few.


Elevance Health operates in a Hybrid Workforce Strategy. Unless specified as primarily virtual by the hiring manager, associates are required to work at an Elevance Health location at least once per week, and potentially several times per week. Specific requirements and expectations for time onsite will be discussed as part of the hiring process.


The health of our associates and communities is a top priority for Elevance Health. We require all new candidates in certain patient/member-facing roles to become vaccinated against COVID-19 and Influenza. If you are not vaccinated, your offer will be rescinded unless you provide an acceptable explanation. Elevance Health will also follow all relevant federal, state and local laws.


Elevance Health is an Equal Employment Opportunity employer, and all qualified applicants will receive consideration for employment without regard to age, citizenship status, color, creed, disability, ethnicity, genetic information, gender (including gender identity and gender expression), marital status, national origin, race, religion, sex, sexual orientation, veteran status or any other status or condition protected by applicable federal, state, or local laws. Applicants who require accommodation to participate in the job application process should submit the following form: Accessibility Accommodation Request Form and a member of the team will be in contact. Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state, and local laws, including, but not limited to, the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act.


Prospective employees required to be screened under Florida law should review the education and awareness resources at HB531 | Florida Agency for Health Care Administration.


NOTE: Workday keeps job postings active through 11:59:59 PM on the day before the listed end date. Example: If the end date is 3/13, the posting will automatically come down on 3/12 at 11:59:59 PM. In other words - the job is posted until 3/13, not through 3/13.


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About Elevance Health

Sourced by ZipRecruiter

Elevance Health is a health company dedicated to improving lives and communities - and making healthcare simpler. A Fortune 20 company with a longstanding history in the healthcare industry, we are looking for leaders at all levels of the organization who are passionate about making an impact on our members and the communities we serve. You will thrive in a complex and collaborative environment where you take action and ownership to solve problems and lead change. Do you want to be part of a larger purpose and an evolving, high-performance culture that empowers you to make an impact?

Industry

Health care and social assistance

Company size

10,000+ Employees

Headquarters location

Indianapolis, IN, US

Year founded

2004

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