Pharmacy Financial Analyst

The Pharmacy Financial Analyst is responsible for performing research, analysis, and reconciliation of pharmaceutical purchases, pharmaceutical contract optimization opportunities, and outpatient pharmaceutical reimbursement.

Essential Job Function

• Ensures accuracy and payment of invoices on time.
• Action taken to correct invoices.
• Utilizes automated systems for matching and processing of outstanding invoices.
• Is a resource for pharmacy business manager and purchasing agents for all aspects of invoice processing.
• Maintains knowledge base of inventory management system to provide information in the absence of the business manager.
• Ensures all payments are within the terms of contract.
• Accruals are communicated to finance monthly by deadline.
• Maintains, reviews, and analyzes budget and financial records.
• Consistently identifies and researches monthly budget variances; conducts full analysis prior to providing timely report to leadership.
• Efficiently and effectively utilizes all automated financial systems and reports.
• Accurately assesses current budget and determines correct object code for expenses.
• Reviews purchase records and supplies information for projects.
• Coordinates inventories systemwide.
• Proactively schedules appropriate outside and internal resources required for conducting inventory.
• Effectively communicates inventory requirements/preparation to all campuses.
• Inventory reports are reviewed for accuracy of count and pricing.
• Discrepancies are promptly resolved and corrected.
• Provides accurate summary documentation by area.
• Oversees reimbursement, accounts payable, research/educational funds, charge reconciliation and pharmaceutical rebate programs.
• Oversees pharmacy returns program and failure to supply claims.
• Assists with medication procurement and communicates updates related to changes in medication procurement to internal and external stakeholders.
• Performs other duties as assigned.

Education

• Required: Bachelor Degree, or High School DiplomaPreferred: Bachelors, Finance or directly related major

Experience

• Required: 0 years of experience and Bachelors Degree or 5 years of related experience and High School Diploma.

Licensure/Certification/Listing