Optum is a global organization that delivers care, aided by technology to help millions of people live healthier lives. The work you do with our team will directly improve health outcomes by connecting people with the care, pharmacy benefits, data and resources they need to feel their best. Here, you will find a culture guided by diversity and inclusion, talented peers, comprehensive benefits and career development opportunities. Come make an impact on the communities we serve as you help us advance health equity on a global scale. Join us to start Caring. Connecting. Growing together.
As an Associate Director, Rebate Modeling, you will support the Optum Rx Industry Relations pre-deal analytics team. This team drives OptumRx's rebate strategy by forecasting and optimizing pharmaceutical and medical rebates across complex client formularies. Partnering with Underwriting, Sales, and Rebate Contracting, you will help support the design of competitive, margin-supportive solutions, and analyze client and competitor formularies. Acting as a rebate SMEs, you will support Request For Proposals (RFPs), translate complex economics into clear executive insights, advise on pricing, and ensure accurate forecasting through data analysis, risk assessment, and continuous process improvement.
Careers with Optum offer flexible work arrangements and individuals who live and work in the Republic of Ireland will have the opportunity to split their monthly work hours between our Dublin or Letterkenny office and telecommuting from a home-based office in a hybrid work model.
What you will do:
- Assess and forecast Pharmaceutical and Medical Drug Rebates for proposed client formulary ranging from $50 million to $3 billion in rebates
- Perform critical role in the analysis of client formularies to determine client eligibility of rebates with respect to manufacturer contracts
- Collaborate with Underwriting, Sales, Client Account Management, and various cross-functional teams to achieve new client growth and margin retention
- Identify and provide formulary recommendations to ensure rebates are market competitive to achieve new client growth and margin retention
- Analysis of competing PBM formularies and identify new rebate options to ensure OptumRx is providing market competitive rebate pricing in client's formulary and work with Rebate Contracting team to secure new rebates in pharmaceutical manufacturer contracts
- Strategize and problem solve creatively utilizing industry, competitive, client, and rebate knowledge to formulate rebate strategies that will offer market leading rates
- Serve as a rebate SME across for Underwriting team
- Ability to work on large and complex RFPs and identify new strategies to maximize rebates to support market competition
- Ability to simplify complicated rebate information to Executive Leadership in support of their review and approval of rebate proposals
- Consult and recommend to clients/consultants alternative pricing options and plan design changes based on economic analyses and trends
- Gather, summarize and analyze detailed data. Solid aptitude for technical skills is required
- Assess the risk of pricing guarantees offered
- Create best practices to maximize efficiency and process workflow for projects with compressed timelines
- Audit forecasting tools for accuracy and troubleshoot variances in modeling
You will be rewarded and recognized for your performance in an environment that will challenge you and give you clear direction on what it takes to succeed in your role, as well as providing development for other roles you may be interested in.
What you will bring:
If you don't meet every single requirement, don't let that hold you back - we're just as excited about potential as we are about qualifications and experience, and you could be exactly who we're looking for.
- Bachelor's degree in Business, Mathematics, Finance, or equivalent professional experience
- Proven experience in financial analysis, financial modeling, or underwriting
- Demonstrated solid proficiency in Microsoft Excel and database querying
- Demonstrated solid communication skills, both written and verbal
- Demonstrated solid organizational, multitasking, and follow up skills
Other useful skills and experience include:
- MBA, equivalent graduate degree, CPA, or CFA certification
- Demonstrated background in healthcare or pharmaceutical environments
- Demonstrated knowledge of PBM and rebate structures
- Proven experience in PBM underwriting or healthcare contracting
- Proven experience in financial consulting or auditing
What We Offer:
- Opportunities for professional development
- Inclusive and supportive team culture
- Key benefits: Private health insurance, wellness programs, matching pension contribution, lunch provided by the company, training opportunities, employee donations matching and others
Please note you must currently be eligible to work and remain indefinitely without any restrictions in the country to which you are making an application. Proof will be required to support your application.
At UnitedHealth Group, our mission is to help people live healthier lives and make the health system work better for everyone. We believe everyone-of every race, gender, sexuality, age, location and income-deserves the opportunity to live their healthiest life. Today, however, there are still far too many barriers to good health which are disproportionately experienced by people of color, historically marginalized groups and those with lower incomes. We are committed to mitigating our impact on the environment and enabling and delivering equitable care that addresses health disparities and improves health outcomes - an enterprise priority reflected in our mission.
Diversity creates a healthier atmosphere: Optum is an Equal Employment Opportunity employer and all qualified applicants will receive consideration for employment without regard to gender, civil status, family status, sexual orientation, disability, religion, age, race, and membership of the Traveller community, or any other characteristic protected by law. Optum is a drug-free workplace. © 2026 Optum Services (Ireland) Limited. All rights reserved.
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