Underwriting Data Analyst

About

The Underwriting Data Analyst plays a critical role in transforming pharmacy and medical claims data into clear, accurate, and actionable insights that directly support underwriting decisions and client-specific evaluations. This role requires strong technical skills, attention to detail, and the ability to interpret complex datasets to help internal partners understand trends, cost drivers, and financial impacts. The analyst collaborates closely with underwriting, analytics, and client-facing teams to ensure high-quality deliverables that inform pricing strategies and business recommendations.

Role And Responsibilities

• Execute client-specific data analyses that support pharmacy underwriting and financial evaluations.
• Conduct detailed assessments of pharmacy claims, cost trends, utilization patterns, and plan performance metrics.
• Deliver accurate and timely analytics projects, ensuring all outputs meet established quality standards.
• Serve as a subject matter contributor for pharmacy data questions and analytical requests from internal stakeholders.
• Develop models, reports, and datasets that quantify financial risk, forecast costs, and support underwriting decisions.
• Collaborate with cross-functional teams to ensure alignment between underwriting assumptions and analytical findings.
• Validate data integrity and troubleshoot discrepancies across multiple data sources.
• Identify key performance indicators (KPIs) relevant to pharmacy cost drivers and trend analysis.
• Prepare clear summaries, exhibits, and visualizations that translate analytical results into understandable business insights.
• Recommend enhancements to existing analytics processes, tools, and workflows to increase efficiency and accuracy.
• Support ongoing improvements in data governance, documentation, and analytical consistency.
• Ensure proper version control and organization of deliverables and analytical artifacts.

Qualifications And Education Requirements

• Bachelor’s degree in Data Science, Mathematics, Statistics, Economics, Pharmacy Administration, Health Informatics, or a related field
• 3+ years of experience in data analysis, financial analytics, actuarial support, pharmacy benefit analytics, or related quantitative roles
• Experience delivering data-driven insights to internal partners or business stakeholders.
• Strong proficiency in Excel and SQL; experience with BI tools such as Tableau or Power BI is preferred
• Familiarity with pharmacy claims data, PBM pricing, underwriting concepts, or healthcare analytics is a plus.
• Experience with statistical or data modeling tools (Python, R, SAS) is advantageous.

Preferences

• Ability to translate complex analytical findings into clear, actionable summaries.
• Strong problem-solving skills and exceptional attention to detail.
• Ability to manage multiple concurrent projects and prioritize tasks effectively.
• Excellent written and verbal communication skills.
• Strong organizational skills, especially in documentation and workflow management.
• Knowledge of data governance, data quality, and best practices in analytical process management.

Physical Requirements

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. This is a largely sedentary role; however, some standing, walking, bending, and reaching may be required. Regularly operates in an office or home office setting which involves utilizing a computer, mouse, keyboard, and occasionally operates other standard office equipment, such as printer, copier, phone. Travel may be required by either car or airplane, or a combination of multiple modes of transportation.

What We Do

LucyRx is an independent, next-generation pharmacy benefits manager (PBM) transforming how healthcare works. We’re fixing what’s broken in the PBM industry by putting people first and challenging outdated norms. For too long, traditional PBMs have prioritized profit over patients, and we believe that’s just plain wrong.

LucyRx offers bold, innovative solutions powered by LucyIQ, our proprietary AI platform, to deliver actionable insights that lower costs, improve care, and simplify prescription management.

While we’re new to the PBM space, LucyRx is built on decades of leadership experience and a commitment to meaningful change. We’re a nimble, remote-first team with a bold mission to redefine pharmacy benefits—and we’re just getting started.

What It’s Like To Work At LucyRx

At LucyRx, we’re a fast-moving team dedicated to making healthcare simpler, fairer, and more effective. Joining us means being part of a dynamic, mission-driven group that works collaboratively to challenge outdated industry practices and redefine what’s possible in pharmacy benefits.

We value accountability, innovation, and a relentless focus on making an impact. Here, you’ll find a supportive culture that encourages you to bring your whole self to work, share bold ideas, and grow alongside smart, driven colleagues who are passionate about fixing the PBM industry. If you’re ready to roll up your sleeves and make a real difference, we’d love to have you on our team.

LucyRx is an independent, next-generation pharmacy benefit manager (PBM) redefining prescription care. Fueled by innovation and decades of leadership experience, LucyRx delivers better outcomes through its integrated specialty network, formulary marketplace, and next-day home delivery solutions.

Powered by its proprietary AI platform, LucyIQ™, the company provides real-time insights that support evidence-based clinical decisions, clear pricing, and exceptional service from U.S.-based pharmacy technicians.

Salary

$65,000-$80,000