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PBM Product Strategies Analyst

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 Product Strategies Analyst is responsible for partnering with product, finance, strategy, and business teams to evaluate product performance, financial outcomes, and growth opportunities. This role combines financial analysis, data analytics, and business intelligence to provide actionable insights that drive product investment decisions, profitability, pricing strategies, and operational efficiency.

The ideal candidate has strong analytical skills, financial modeling experience, and the ability to translate complex data into meaningful business recommendations.

How You Will Make an Impact:

• Implements new processes, process improvements, and best practices related to product analytics.
• Creates and implements product level metrics and supports performance measures to establish performance objectives for revenue maximization and ROI tracking.
• Creates tools and processes to monitor margin revenue and product success.
• Monitors revenue performing below thresholds and implements necessary tasks to bring performance to or above targets.
• Supports product teams in implementing future revenue, upsell opportunities (member expansion), and growth capacity.
• Analyze product usage, client behavior, adoption trends, and engagement metrics while identifying opportunities to improve product performance and business outcomes through data-driven recommendations.
• Partner with product managers to assess business cases for new features, products, and investments.
• Support budgeting, forecasting, and long-range planning activities.

Minimum Requirements:

Requires a BA/BS in Finance or related field and a minimum of 1 years of experience with Pharmacy Benefits Manager (PBM), data analysis; or any combination of education and experience, which would provide an equivalent background.

Preferred Skills, Capabilities, and Experiences:

• Bachelor's degree in Finance, Accounting, Economics, Business Analytics, Statistics, Mathematics, or related field preferred.
• 0-2 years of experience in finance, business analytics, product analytics, FP&A, or a related analytical role.
• Strong financial modeling and forecasting skills.
• Proficiency in Excel and financial analysis techniques.
• Strong analytical, problem-solving, and communication skills.
• Experience with SQL and/or SAS for database querying

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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.