hrroles

Senior Pharmacy Benefits Consultant

Mmc Open · verified Oct 19, 2026
Hybrid Chicago DallasMinneapolis +1 Full-time Senior Compensation & Benefits

At a glance

Senior Compensation & Benefits role at Mmc. Chicago · full-time · $151,000–$302,500 base.

SalaryStated by Mmc
$151,000 – $302,500
Base salary for this role, in USD per year, as published in the posting.
This role, from MmcOur estimate for the market: $125,888–$170,700Median $149,750
Above the market median of $149,750 for senior compensation & benefits roles in Chicago.
Worked out from 8 postings that stated pay, median $149,750. Last updated Oct 13, 2026.
RoleCompensation & Benefits
SenioritySenior
LocationChicago
WorkplaceHybrid
EmploymentFull-time
Base pay$151,000–$302,500
PostedSep 15, 2026 · 4w ago
Also hiring inDallas, Minneapolis, New York
Role brief

hrroles summary, based on the employer's posting.

What you'll do

  • Guide selected mid-market and national clients on pharmacy strategy, plan design, financial reviews and contract renewals
  • Review pharmacy provider results, pinpoint performance gaps and recommend ways to curb costs and spending trends
  • Negotiate competitive pharmacy benefit contracts, grow use of Marsh solutions and lead regional or national sales pursuits
  • Run key client projects, coordinate internal specialists on deliverables and coach or delegate work to team members
  • Develop new practice solutions in response to marketplace changes while managing overlapping projects and tight deadlines

What you bring

  • A Bachelor of Science degree is required
  • At least eight years working in pharmacy managed care consulting or a related role
  • Strong analytical, strategic planning, communication and listening abilities

Who this fits

This senior client-facing consulting role suits someone comfortable leading account strategy, negotiations and business development while coordinating and coaching project teams. You must work from a local office or client site at least three days per week.

From the employer

Company:

Mercer

Description:

We are seeking a talented individual to join our Pharmacy Benefits Management (PBM) team, part of our People and Investments business at Marsh. This role can be based in one of our Marsh offices and offers a hybrid work arrangement, requiring a minimum of three days per week either in the office or at a client site.

Senior Pharmacy Benefits Consultant

What can you expect?

This is a tremendous opportunity to be a part of one of our fastest growing specialty practices. The Senior Pharmacy Benefits Consultant is a critical addition to the Managed Pharmacy practice at Marsh. This person will have significant external and internal interaction with clients, Marsh consultants, and other resources with the goal of making Marsh the preeminent consultant regarding all issues related to pharmacy.

We will count on you to:

  • Act as the lead strategic pharmacy advisor for a group of select mid-market and national accounts, including managing overall service delivery, strategy, financial evaluations, plan design review, contract renewal, business placement and benchmarking

  • Identify current provider performance gaps and make recommendations to control spend and trend

  • Upsell Marsh pharmacy solutions

  • Leverage Marsh's size and reputation to negotiate highly competitive Pharmacy Benefit Management (PBM) contracts

  • Lead successful regional and national marketing pursuits

  • Delegate effectively to provide developmental opportunities to team members

  • Provide mentoring and coaching to project team members

  • Day-to-day account/project management for key clients

  • Work effectively as part of a team Additionally, this role assists the broader practice in new solution development based on marketplace developments

  • Manage different internal resources to create client deliverables. this could include pricing team, clinical resources and H&B consultants

  • Handle quick deadlines and multiple projects at the same time

  • Thrive and be motivated by an environment that embraces AI and technology-enabled tools.

What you need to have:

  • Bachelor of Science degree

  • 8+ years of consulting or other relevant experience in pharmacy managed care industry

  • Superior analytical, strategic planning, communication, and listening skills

What makes you stand out:

  • MBA or PharmaD highly valued

  • Strong client-facing experience

  • Excellent organization and project management skills.

  • Ability to prioritize and simultaneously handle multiple and complex projects in a demanding work environment

Why join our team:

  • We help you be your best through professional development opportunities, interesting work and supportive leaders.

  • We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have an impact on colleagues, clients, and communities.

  • Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being

Marsh (NYSE: MRSH) is a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information, visit marsh.com, or follow us on LinkedIn and X.

Marsh is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, veteran status (including protected veterans), or any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting reasonableaccommodations@marsh.com.

Marsh is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.

The applicable base salary range for this role is $151,000 to $302,500.

The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.

We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.