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Health Financial Pharmacy Analyst - Chicago - College Program 2025

Mercer
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We are seeking a talented individual to join Mercer’s Pharmacy practice (MercerRx) as a Financial Analyst. This role will be based in Chicago, IL. This is a hybrid role that has a requirement of working at least three days a week in the office.

 

MercerRx is one of Mercer’s fastest growing specialty practices. The MercerRx team offers comprehensive pharmacy consulting support to Mercer’s clients, including vendor management, clinical oversight, and strategic guidance to optimize pharmacy benefits. They provide ongoing monitoring of financial performance, assist with clinical program recommendations, and deliver educational updates on market trends and new therapies to ensure effective pharmacy management. The team brings deep knowledge and perspective from backgrounds in Pharma, PBM, Retail and Specialty pharmacy, and health plans and is made up of over 100 colleagues, including pharmacists, strategic consultants and actuaries. This internship will focus on supporting the various financial projects related to pharmacy benefit management (PBM) for clients. The role involves working closely with other MercerRx financial team members, analyzing financial data, and providing recommendations to optimize client's pharmacy benefit programs.

 

Mercer is uniquely qualified to help organizations design and execute sophisticated workforce strategies, whether it’s for a multinational organization or a local company attempting to grow within its market. We provide best-in-class consulting, rigorous analytics, and data-driven insights that help organizations make fact-based decisions.   

 

Mercer’s 2,500+ US Health consultants deliver disciplined, consistent approaches to benchmarking, data analytics, financial management, marketing, compliance and communication.  Our client focus, integrity, expertise, and innovation are why clients choose Mercer. We are committed to setting the industry standard for ethical and transparent business practices. 

 

To learn more about Mercer’s Health practice, please visit https://www.mercer.com/what-we-do/health-and-benefits.html 

 

We will count on you to:

  • Collection and analysis of pharmacy claims and utilization data 
  • Assist in the Request For Proposal (RFP) process on behalf of a clients 
  • Utilize Mercer’s proprietary financial tools to evaluate financial impact of PBM proposals
  • Model pharmacy financial projections to meet employer objectives 
  • Coordinate with team members on projects, ask questions and seek guidance to ensure that all work is completed accurately and within the agreed-upon timeline
  • Help prepare and write client communications, including reports, spreadsheets and presentations 

 

What you need to have:

  • Progress toward a bachelor's degree and concentration(s) in actuarial science, math, statistics, economics, engineering and/or other related field is highly preferred
  • Status as a currently enrolled student; candidates should have an expected graduation date in the Spring of 2025 
  • Strong academic achievement demonstrated through rigorous course work, and the ability to successfully balance extra-curricular activities 
  • Legal work authorization to work in the U.S. on a permanent and ongoing basis without the need for sponsorship now or in the future is required  

 

What makes you stand out?

  • Strong analytical skills, both quantitative and qualitative, and working knowledge of Microsoft Office— specifically Excel and PowerPoint   
  • A commitment to achieving a Society of Actuaries (SOA) designation as demonstrated by having successfully passed at least one SOA exam or other related professional certification  
  • Knowledge of data analysis, project management, and presentation design    
  • Excellent interpersonal, verbal, and written communication skills    
  • Intellectual curiosity; seeking opportunities to develop new skills and apply critical thinking to solve problems   
  • Ability to collaborate with diverse teams and communicate with others in a skillful and engaging manner   
  • Flexibility to work under tight deadlines and adapt to changing client needs    
  • Superior organizational skills and strong attention to detail    

 

Why join our team:

  • We help you be your best through professional development opportunities, interesting work and supportive leaders.
  • We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities.
  • Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.

 

What’s next:

Application Instructions:   

  • Required Documents: To be considered for this role, please submit a resume.
  • Application Details: When filling out your application, ensure you provide your permanent home address and use your personal email address rather than your school email address.
  • Application Deadline: All applications must be submitted by March 21, 2025.

First Round Interviews:   

  • Applications are reviewed on a rolling basis.   
  • If selected, first-round interviews consist of an on-demand digital video interview through the HireVue platform.   
  • Further timing and instructions will be provided at that time.   

  

The applicable base salary for this role is $73,000/year.