Pharmacy Benefits Claims Analyst

We are looking for a Pharmacy Benefits Claims Analyst for our growing practice. Pharmacy benefits consulting work is by nature constantly changing and rarely routine. Applicants must have a deep understanding of pharmaceuticals and pharmacy benefits management (PBM) and feel comfortable working in an environment that requires attention to detail collaboration integrity and adaptability.

Who We Are

Independent for over 75 years Milliman delivers market-leading services and solutions to clients worldwide. Today we are helping companies take on some of the worlds most critical and complex issues including retirement funding and healthcare financing risk management and regulatory compliance data analytics and business transformation.

Milliman invests in skills training and career development and gives all employees access to a variety of learning and mentoring opportunities. Our growing number of Milliman Employee Resource Groups (ERGs) are employee-led communities that influence policy decisions develop future leaders and amplify the voices of their constituents. We encourage our employees to give back to their varied professions including leadership in professional organizations. Please visit our web site ( to learn more about Millimans commitments to our people inclusion and sustainability.

Through a team of professionals ranging from actuaries to clinicians technology specialists to plan administrators we offer unparalleled expertise in employee benefits investment consulting healthcare life insurance and financial services and property and casualty insurance.

What You Will Do

In this role you will:

• Design and conduct data-driven analyses using pharmacy claims data and complex modeling.
• Participate actively as a member of a multi-disciplinary analytics team fostering the sharing of relevant information to help identify creative solutions to complex problems.
• Explain results of analyses to internal teams and provide valuable insights both orally and in clear concise client reports.
• Stay current on industry trends regulations and best practices in pharmacy benefit management.
• Contribute to the development of innovative methodologies and tools for pharmacy claims analytics.

What We Are Looking For

Professional Qualifications

• Minimum of 4 years of PBM or healthcare analytics experience including at least 2 years of experience specific to PBM analytics.
• Working knowledge of Microsoft Office suite including proficiency in Excel and SQL Server.
• Proficiency working with and explaining movements in key PBM performance indicators and pharmacy claims statistics.
• Knowledge of formularies pharmacy claims data and their nomenclatures including NDC AWP PBM WAC etc.
• Knowledge of claims data and how these manifest in claim adjudication and downstream analyses.

Personal Qualifications

• Strong time management and people management skills.
• Experience working in a dynamic environment demonstrating adaptability and integrity.
• Strong technical communication skills written and oral.

Individual(s) must be legally authorized to work in the United States without the need for immigration support or sponsorship from Milliman now or in the future.

The Team

The San Diego Health practice includes employees with diverse areas of experience and expertise in the pharmacy space. Current employees include those that have worked as actuaries PBM analysts/consultants pharmacists and pharmacy technicians.

Location

This role is based out of the Milliman office in San Diego California but candidates hired into this role may work remotely anywhere in the US. The expected application deadline for this job is June 22 2026.

Compensation

The overall range for this role is $71700 - $131905. For candidates residing in:

• Alaska California Connecticut Illinois Maryland Massachusetts New Jersey New York City Pennsylvania Virginia Washington or the District of Columbia the range is $82455 - $131905.
• All other locations the range is $71700 - $114700.

A combination of factors will be considered including but not limited to education relevant work experience qualifications skills certifications etc.

Benefits

We offer a comprehensive benefits package designed to support employees health financial security and well-being. Benefits include:

• Medical Dental and Vision Coverage for employees dependents and domestic partners.
• Employee Assistance Program (EAP) Confidential support for personal and work-related challenges.
• 401(k) Plan Includes a company matching program and profit-sharing contributions.
• Discretionary Bonus Program Recognizing employee contributions.
• Flexible Spending Accounts (FSA) Pre-tax savings for dependent care transportation and eligible medical expenses.
• Paid Time Off (PTO) Begins accruing on the first day of work. Full-time employees accrue 15 days per year and employees working less than full-time accrue PTO on a prorated basis.
• Holidays A minimum of 10 paid holidays per year.
• Family Building Benefits Includes adoption and fertility assistance.
• Paid Parental Leave Up to 12 weeks of paid leave for employees who meet eligibility criteria.
• Life Insurance & AD&D 100% of premiums covered by Milliman.
• Short-Term and Long-Term Disability Fully paid by Milliman.

Equal Opportunity

All qualified applicants will receive consideration for employment without regard to race color religion sex sexual orientation national origin disability or status as a protected veteran.

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Required Experience:

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