We are seeking a talented individual to join our Pharmacy Benefits Management (PBM) Compliance and Contract team at Mercer. This role will be based out of one of US Mercer office.. This is a hybrid role that has a requirement of working at least three days a week in the office.
In this role, you will be responsible for reviewing and analyzing clients’ PBM contracts to ensure compliance with applicable laws and regulations. You will assist in the negotiation process of contract terms, monitor legislative developments, and serve as an internal resource for educating colleagues on pharmacy regulations.
Paralegal Contract Specialist
We will count on you to:
- Review and analyze clients’ pharmacy benefit manager (PBM) contracts to ensure compliance with applicable laws, regulations, and industry best practices.
- Assist in the negotiation process of contract terms and provisions, providing support to the pharmacy strategy team.
- Monitor and analyze legislative and regulatory developments impacting PBM contracting.
- Prepare summaries and bulletins on contract terms, potential risks, and compliance issues.
- Collaborate with internal stakeholders, including legal, pharmacy financial team, compliance, and operations teams, to address PBM contract-related inquiries.
- Assist in the development and implementation of training programs regarding state and federal regulations impacting PBM contracting.
What you need to have:
- Bachelor’s degree in Paralegal Studies, Legal Studies, or a related field.
- Minimum of 5 years of relevant PBM experience, with a focus on contract reviews and analysis.
- Strong understanding of pharmacy benefit manager operations and relevant federal and state regulations.
What makes you stand out:
- Excellent analytical, organizational, and communication skills.
- Strong attention to detail and ability to manage multiple projects simultaneously.
- Ability to work independently and as part of a team in a fast-paced environment.
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 an 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.
Mercer, a business of Marsh McLennan (NYSE: MMC), is a global leader in helping clients realize their investment objectives, shape the future of work and enhance health and retirement outcomes for their people. Marsh McLennan is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $24 billion and more than 90,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit mercer.com, or follow on LinkedIn and X.
Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, veteran status (including protected veterans), or any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting [email protected].
Marsh McLennan is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh McLennan colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.
The applicable base salary range for this role is $101,500 to $203,000.
The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.
We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.
