Pharmacy Consultant - EB Consulting

Milliman•Chicago, IL

7d•Remote

About The Position

The Employee Benefits (EB) Consulting Practice offers retirement and health consulting services to our clients. We are seeking a Pharmacy Consultant to support employer health and welfare employee benefits programs. In this role you will manage the client pharmacy projects, oversee the consulting team, and ensure high-quality project delivery within set timelines and budgets. You will oversee staffing and skill development while supporting growth and expansion of consulting services. You will contribute to client strategy, service offerings, and profitability. You will lead team activities and represent the organization at industry events. You will be responsible for consulting clients on pharmacy projects. The position requires strong leadership, project management skills, and broad industry knowledge. Who We Are Independent for over 75 years, Milliman delivers market-leading services and solutions to clients worldwide. Today, we are helping companies take on some of the world’s most critical and complex issues, including retirement funding and healthcare financing, risk management and regulatory compliance, data analytics and business transformation. Milliman invests in skills training and career development and gives all employees access to a variety of learning and mentoring opportunities. Our growing number of Milliman Employee Resource Groups (ERG’s) are employee-led communities that influence policy decisions, develop future leaders, and amplify the voices of their constituents. We encourage our employees to give back to their varied professions, including leadership in professional organizations. Please visit our web site Social Impact | Milliman | Worldwide to learn more about Milliman’s commitments to our people, inclusion, and sustainability. Through a team of professionals ranging from actuaries to clinicians, technology specialists to plan administrators, we offer unparalleled expertise in employee benefits, investment consulting, healthcare, life insurance and financial services, and property and casualty insurance. What You Will Do In this role, you will manage client pharmacy consulting and projects and oversee the daily operations of the pharmacy consulting team, ensuring quality project delivery and staff development in pharmacy knowledge. You will contribute to client strategies, manage Request for Proposals (RFPs) and market checks, and provide consulting support on pharmacy issues.

Requirements

Proven leadership experience in pharmacy consulting or a related field (employer health and welfare experience preferred).
Strong project management skills with the ability to oversee multiple teams and projects.
Excellent organizational, communication, and interpersonal abilities.
Knowledge of industry trends and best practices in pharmacy consulting.
Experience with client relationship management and business development.
Ability to clearly communicate technical concepts to a variety of audiences.
Bachelor’s degree in pharmacy, healthcare, business, or a related discipline (advanced degree or actuarial credentials preferred).
9+ years of pharmacy or pharmacy analytics experience.
Advanced proficiency using Microsoft Excel.
Basic proficiency using Microsoft Word and Power Point.
Commitment to continuous improvement and maintaining high standards of service.
Willingness to travel for client meetings and industry events.
9+ years working experience, preferably at a consulting firm, PBM, managed care organization, health plan, or pharmaceutical company.
Experience working with Medicare, Medicaid, and/or commercial payers.
Experience solving complex problems with innovative, creative solutions.
Experience working with large pharmacy claims data sets.
Experience designing and optimizing pharmacy benefits, including analyzing the impact of discounts, rebates, and program changes (e.g., formularies, networks, clinical programs).
Deep understanding of pharmacy purchasing and reimbursement environment including pharmacy cost metrics such as average wholesale price, wholesale acquisition costs, average sales price, actual acquisition costs, and rebates.
Strong sense of accountability and business acumen.

Responsibilities

Manage the daily operations of the pharmacy consulting team.
Lead Pharmacy Benefit Manager (PBM) RFPs, and market checks.
Manage client pharmacy reporting and provide updates on market and legislative impacts.
Oversee project delivery to ensure quality, timeliness, and budget compliance.
Support the development, growth, and improvement of consulting services.
Coordinate project staffing, skill development, and retention of staff.
Contribute to client strategy and service offerings.
Participate in new business proposal development and client presentations as needed.
Assure compliance with the firm and practice quality standards and other applicable policies

Benefits

Medical, Dental and Vision – Coverage for employees, dependents, and domestic partners.
Employee Assistance Program (EAP) – Confidential support for personal and work-related challenges.
401(k) Plan – Includes a company matching program and profit-sharing contributions.
Discretionary Bonus Program – Recognizing employee contributions.
Flexible Spending Accounts (FSA) – Pre-tax savings for dependent care, transportation, and eligible medical expenses.
Paid Time Off (PTO) – Begins accruing on the first day of work. Full-time employees accrue 15 days per year, and employees working less than full-time accrue PTO on a prorated basis.
Holidays – A minimum of 10 paid holidays per year.
Family Building Benefits – Includes adoption and fertility assistance.
Paid Parental Leave – Up to 12 weeks of paid leave for employees who meet eligibility criteria.
Life Insurance & AD&D – 100% of premiums covered by Milliman.
Short-Term and Long-Term Disability – Fully paid by Milliman.