Strategic Account Executive (Pharmacy Benefit Management)

RxBenefits

Seattle, WA

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JOB DETAILS

SALARY

$90,000–$125,000 Per Year

SKILLS

Analysis Skills, Best Practices, Broadband, Brokerage, Communication Skills, Community and Social Services, Compensation and Benefits, Consulting, Cost Control, Cross-Functional, Cross-Selling, Customer Relations, Customer Relationship Management (CRM) Systems, Customer Retention/Renewal, Customer Satisfaction, Customer/Client Research, Employee Benefits, Establish Priorities, Finance, Financial Trend Analysis, Health Plan, Industry/Trade Analysis, Insurance, Legal, Medical Conditions, Medical Genetics, Mentoring, Microsoft Excel, Microsoft Office, Microsoft Outlook, Microsoft PowerPoint, Microsoft Word, Negotiation Skills, Organizational Skills, Performance Analysis, Pharmacy, Policy Development, Preferred Provider Organization (PPO), Presentation/Verbal Skills, Pricing, Process Improvement, Profit & Loss, Proposal Development, Psychiatry and Mental Health, Regulations, Revenue Growth, Sales, Sales Management, Sales Strategy, Service Delivery, Service Level Agreement (SLA), Statement of Work (SOW), Strategic Accounts, Strategic Planning, Team Lead/Manager, Time Management, Tuition Reimbursement, Underwriting, United States Military, Up-Selling, Vendor/Supplier Evaluation, Vendor/Supplier Relations, Willing to Travel, Work From Home

LOCATION

Seattle, WA

POSTED

30+ days ago

The Strategic Account Executive position directly supports the Broker(s) during the after-sales phase of the business; then once the account is acquired, assumes complete responsibility of maintaining an extremely positive relationship with our clients. These positions may work remotely or in our Birmingham, AL headquarters, and requires up to 50% travel. _Essential Job Responsibilities Include:_ + Serve as the primary relationship owner and trusted advisor for strategic client accounts, ensuring high levels of client satisfaction, retention, and growth + Develop a deep understanding of client business objectives, needs, and industry trends to deliver tailored, value-driven solutions + Lead overall account strategy and act as the central point of coordination + ("quarterback") across internal teams and external partners + Build and maintain strong relationships with clients and brokers, including executive-level stakeholders, through proactive communication and consultative engagement + Collaborate cross-functionally with teams such as sales, underwriting, clinical, operations, product, and finance to deliver integrated solutions + Provide strategic consulting, including RFP development, vendor evaluation, analysis, and delivery of client recommendations + Lead client renewals, including negotiation of pricing, contract terms, performance guarantees, and statements of work + Identify and drive revenue growth through upselling, cross-selling, and expansion of services within existing accounts + Deliver regular client reporting (quarterly/annual) on performance, financial results, utilization trends, and cost-saving opportunities + Monitor account performance, including claims experience, utilization, and service delivery, ensuring commitments and SLAs are met + Resolve complex client and vendor issues, ensuring timely and effective outcomes + Manage and strengthen relationships with carriers, vendors, and external partners + Contribute to revenue and profitability goals through strategic account planning and execution + Maintain accurate and up-to-date account information, opportunity tracking, and planning within CRM systems + Influence internal stakeholders to enhance service delivery, innovation, and overall client value + Develop and present value stories and strategic insights to clients, including executive-level presentations + Mentor and support other team members, sharing knowledge and best practices + Contribute to internal process improvements, strategic planning, and policy development + Stay informed on industry developments, regulatory changes, and emerging solutions + Ensure alignment between client expectations and organizational capabilities to drive long-term partnership success + Partners closely with the Account Manager (AM) to deliver outstanding service by working together to achieve client goals _Required Skills / Experience:_ + Bachelor's degree required. + 5+ years related industry experience and/or training. + 3 years' account management experience with a PBM or 3 years' client advisory role within the PBM marketplace + Proficient in Microsoft Office (Word, Excel, PowerPoint, Outlook) + Thorough knowledge of Employee Benefits insurance. + Ability to read, analyze and interpret industry policies and contract documents. + Excellent presentation and communication skills. + Strong analytical and critical thinking skills. + Strong organization skills with the ability to prioritize in a dynamic environment. + Self-motivated with the ability to work independently with limited supervision or within a group or team. + Stellar communication and presentation skills + Proven success delivering on requirements described in the job description _Based on relevant market data and other factors, the anticipated hiring range for this role is $90,000 - $125,000 annually. Final compensation rates will be determined based on various factors, including but not limited to experience, skills, knowledge, and internal equity considerations._ _This role is also short-term incentive eligible with a target of 20% of base salary. Incentive award amounts will vary by individual and business goals._ _We are committed to fair and equitable compensation practices. The final salary offered to the selected candidate may vary from the posted range due to individual qualifications. Our goal is to ensure that all teammates are compensated fairly and competitively based on their contributions to our organization._ _RxBenefits is also committed to providing best in class benefits to our teammates. We offer a robust total rewards package that includes:_ + _Remote first work environment_ + _Choice of a HDHP or PPO Medical plan, we pay 100% of the premium for the HDHP for you and your eligible family members_ + _Dental, Vision, Short- and Long-Term Disability, and Group Life Insurance that we also pay 100% of premiums (for your family too on Dental and Vision)_ + _Additional buy-up options for Short- and Long-Term Disability and Life Insurance_ + _401(k) with an employer match up to 3.5% available after 60 days_ + _Community Service Day to give back and support what you love in your community_ + _10 company holidays including MLK Day, Juneteenth, and the day after Thanksgiving plus a floating holiday to use as you like_ + _Reimbursements for high-speed internet, we'll send you a computer and monitors to help you do your best work_ + _Tuition Reimbursement for accredited degree programs_ + _Paid New Parent Leave that can be used for adoption or birth_ + _Pet insurance to protect your furbabies_ + _A robust mental health benefit and EAP service through Spring Health to support you when you need it most_ RxBenefits provides equal opportunities for everyone who works for us and everyone who applies to join our team, without regard to sex or gender, gender identity, gender expression, age, race, religious creed, color, national origin, ancestry, pregnancy, physical or mental disability, medical condition, genetic information, marital status, sexual orientation, any service, past, present, or future, in the uniformed services of the United States (military or veteran status), or any other consideration protected by federal, state, or local law.

About the Company

RxBenefits

INDUSTRY

Other/Not Classified