Partner with key internal and external stakeholders to drive value and innovation through formulary strategy development and optimization. Present contract scenarios and opportunities to internal stakeholders and health plan and client decision-makers across multiple lines of business to gain alignment on strategy and implementation. Ensure that formulary and contract strategy aligns with overall strategic objectives. Collaborate with internal and external partners to develop and implement future revenue, formulary product portfolio expansion and membership growth initiatives. Provides consultative support to sales and account management partners, including development of strategies to win new business and retain current clients by increasing rebates and supporting the sales process. Build solid and collaborative relationships with pharmaceutical manufacturer partners. Requirements; BA/ BS degree in a related field and minimum of 8 years contract negotiation and sales experience; or any combination of education and experience, which would provide an equivalent background. Preferred skills, Capabilities experiences:8 years in the healthcare industry with a pharmacy focus and experience working inside a Pharmacy Benefit Manager (PBM), Health Plan, or related pharmacy business in functions that span formulary development, business strategy, clinical strategy, contract negotiation, financial analysis, and client management or sales. Proven experience and success with formulary strategy development, formulary solution design, and their execution across multiple lines of business. MBA or PharmD degree and track record of driving business strategy, growth and innovation. Experience working with pharmaceutical manufacturer contracts as well as pricing, forecasting, trend analysis and financial modeling. Pharmacy Supply chain knowledge including Specialty Pharmacy, Site of Care and Network Solutions. Strong analytical skills including developing reports and synthesizing data to identify trends. Highly collaborative, comfortable to work across matrix organization on problem resolution, negotiation, consensus building, conflict management, and decision-making. Customer-focused and dedicated to meeting and exceeding customer expectations. For candidates working in person or virtually in the below locations, the salary - range for this specific position is $153,560 to $240,810 Location(s): California, Illinois. In addition to your salary, Elevance Health offers benefits such as a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401 k contribution (all benefits are subject to eligibility requirements). The salary offered for this specific position is based on a number of legitimate, non-discriminatory factors set by the Company. The Company is fully committed to ensuring equal pay opportunities for equal work regardless of gender, race, or any other category protected by federal, state, and local pay equity laws. - The salary range is the range Elevance Health in good faith believes is the range of possible compensation for this role at the time of this posting. This range may be modified in the future and actual compensation may vary from posting based on geographic location, work experience, education, and/or skill level. Even within the range, the actual compensation will vary depending on the above factors as well as market/business considerations. No amount is wages or compensation until such amount is earned, vested, and determinable under the terms and conditions of the applicable policies and plans. The amount and availability of any bonus, commission, benefits, or any other form of compensation and benefits that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company’s sole discretion, consistent with the law. Job Level:Director Equivalent. Workshift:1st Shift (United States of America)