Formulary Compliance Analyst -Pharma/ 3-month temp
Parsippany, NJ, US
Accounting / Finance
Bachelors Degree
Full Time, Temporary
$80/h
Experienced (Non-Manager)
On-site
Biotechnology/Pharmaceuticals
First Shift (Day)
Parsippany, NJ, US
$80/h
Experienced (Non-Manager)
Full Time, Temporary
Biotechnology/Pharmaceuticals
On-site
Accounting / Finance
Bachelors Degree
First Shift (Day)
Job details
Job Overview
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Title: Formulary Compliance Analyst
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Location: Parsippany, NJ 07054(Hybrid: Tue/Wed in-office preferred; Remote open for top candidates)
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Duration: 3 Months (Potential extension)
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Schedule: Standard 9:00 AM – 5:00 PM (Flexible)
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Rates: Pay Rate: $80.00/hr
Core Focus
Investigate and audit PBM and Health Plan drug formularies to verify compliance with contract terms, resolve placement/eligibility issues, and support recovery of paid rebates or discounts in non-compliant scenarios.
Key Qualifications
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Education: Bachelor’s Degree in Finance or a business-related field (Required).
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Experience: 3+ years in financial analysis, 2+ years working with drug formularies, and dedicated Pharma / Managed Care experience (Required).
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Skills: Advanced knowledge of Managed Care contracting, formulary access/tiering, and pharmaceutical rebate flows. Superior proficiency in Excel and PowerPoint.
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Preferred: Market access/contract compliance background, 340B knowledge, and strong negotiation/presentation skills.
Key Responsibilities
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Develop and execute formulary audit plans across Commercial, Medicare Part D, and medical channels.
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Audit drug positions (tiering, prior authorizations, step edits, NDC blocks) against contract terms.
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Analyze complex data to identify risks and present findings to internal and external stakeholders.
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