What are the responsibilities and job description for the Financial Operations Analyst - Evernorth - HYBRID position at Evernorth Health Services?
Position Summary
The Analyst will own the operational invoicing and reconciliation activities for their select pharma manufacturer rebate contracts. The Analyst should develop an in-depth knowledge of the contract to serve as the primary point of contact regarding the manufacturer’s monthly rebate invoice.
Essential Functions
About Evernorth Health Services
Evernorth Health Services, a division of The Cigna Group, creates pharmacy, care and benefit solutions to improve health and increase vitality. We relentlessly innovate to make the prediction, prevention and treatment of illness and disease more accessible to millions of people. Join us in driving growth and improving lives.
Qualified applicants will be considered without regard to race, color, age, disability, sex, childbirth (including pregnancy) or related medical conditions including but not limited to lactation, sexual orientation, gender identity or expression, veteran or military status, religion, national origin, ancestry, marital or familial status, genetic information, status with regard to public assistance, citizenship status or any other characteristic protected by applicable equal employment opportunity laws.
If you need a reasonable accommodation to complete the online application process, please email seeyourself@thecignagroup.com for assistance. Please note that this email inbox is dedicated to accommodation requests only and cannot provide application updates or accept resumes.
The Cigna Group has a tobacco-free policy and reserves the right not to hire tobacco/nicotine users in states where that is legally permissible. Candidates in such states who use tobacco/nicotine will not be considered for employment unless they enter a qualifying smoking cessation program prior to the start of their employment. These states include: Alabama, Alaska, Arizona, Arkansas, Delaware, Florida, Georgia, Hawaii, Idaho, Iowa, Kansas, Maryland, Massachusetts, Michigan, Nebraska, Ohio, Pennsylvania, Texas, Utah, Vermont, and Washington State.
Qualified applicants with criminal histories will be considered for employment in a manner consistent with all federal, state and local ordinances.
The Analyst will own the operational invoicing and reconciliation activities for their select pharma manufacturer rebate contracts. The Analyst should develop an in-depth knowledge of the contract to serve as the primary point of contact regarding the manufacturer’s monthly rebate invoice.
Essential Functions
- Set up pharma manufacturer rebate contracts and amendments within our Formulary Rebate Processing (FRP) invoicing system.
- Manufacturer Implementation in FRP system.
- Work with Contracting’s Account Directors to understand contract intent.
- Communicate setup strategy to the BDRO (Benefit Driven Rebate Optimization) team to capture enhanced/restricted rebate options.
- Track all setup actions through Houston Service Request system for validation and audit.
- Prepare validation packets to support all setup actions.
- Review manufacture specific invoicing and data-fix results to help ensure invoicing accuracy.
- Communicate with mfr to answer invoicing questions.
- Verify bank data for payment receipt and entry in FRP.
- Once confirmed internally, correct any contract setup issues detected during reconciliation.
- Bachelors degree in business or equivalent work experience.
- 1 years of experience with degree.
- Excellent customer service and communication skills; Strong Analytical Skills; Detail oriented.
- Excellent PC skills with ability to utilize MS Excel and Access.
- Knowledge of PBM (Pharmacy Benefit Manager) and healthcare industry preferred.
- Ability to organize and plan multiple projects.
- Ability to demonstrate self-initiative, work cross functionally to resolve issues as they occur.
- Proven ability to work under tight deadlines.
About Evernorth Health Services
Evernorth Health Services, a division of The Cigna Group, creates pharmacy, care and benefit solutions to improve health and increase vitality. We relentlessly innovate to make the prediction, prevention and treatment of illness and disease more accessible to millions of people. Join us in driving growth and improving lives.
Qualified applicants will be considered without regard to race, color, age, disability, sex, childbirth (including pregnancy) or related medical conditions including but not limited to lactation, sexual orientation, gender identity or expression, veteran or military status, religion, national origin, ancestry, marital or familial status, genetic information, status with regard to public assistance, citizenship status or any other characteristic protected by applicable equal employment opportunity laws.
If you need a reasonable accommodation to complete the online application process, please email seeyourself@thecignagroup.com for assistance. Please note that this email inbox is dedicated to accommodation requests only and cannot provide application updates or accept resumes.
The Cigna Group has a tobacco-free policy and reserves the right not to hire tobacco/nicotine users in states where that is legally permissible. Candidates in such states who use tobacco/nicotine will not be considered for employment unless they enter a qualifying smoking cessation program prior to the start of their employment. These states include: Alabama, Alaska, Arizona, Arkansas, Delaware, Florida, Georgia, Hawaii, Idaho, Iowa, Kansas, Maryland, Massachusetts, Michigan, Nebraska, Ohio, Pennsylvania, Texas, Utah, Vermont, and Washington State.
Qualified applicants with criminal histories will be considered for employment in a manner consistent with all federal, state and local ordinances.