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Senior Analyst

Working with Us
Challenging. Meaningful. Life-changing. Those aren’t words that are usually associated with a job. But working at Bristol Myers Squibb is anything but usual. Here, uniquely interesting work happens every day, in every department. From optimizing a production line to the latest breakthroughs in cell therapy, this is work that transforms the lives of patients, and the careers of those who do it. You’ll get the chance to grow and thrive through opportunities uncommon in scale and scope, alongside high-achieving teams. Take your career farther than you thought possible.

Bristol Myers Squibb recognizes the importance of balance and flexibility in our work environment. We offer a wide variety of competitive benefits, services and programs that provide our employees with the resources to pursue their goals, both at work and in their personal lives. Read more: careers.bms.com/working-with-us.

Job Title: Senior Analyst, Corporate Insurance

Department: Treasury

Location: Princeton, New Jersey

Reports To: Director, Corporate Insurance

Job Summary: The Senior Analyst, Corporate Insurance will report to the Director of Corporate Insurance and support various corporate insurance-related activities. This includes proactively working with third-party administrators (TPA) claims handler to review and close insurance claims, supervising the clinical trial insurance procurement process, managing purchase order end-to-end process, and assisting the Associate Director with annual budgeting.

Key Responsibilities:

  • Proactively work with third-party administrator (TPA) claims handler to resolve insurance claims for general liability, automobile liability, workers’ compensation, and clinical trial liability. Routinely provide updates and highlight important trends to the Director.
  • Assist with quarterly claims reviews with the TPA and insurers to track status of claims.
  • Supervise the Clinical Trial Insurance procurement process, including providing access to the tool, reviewing/filing email queries, collaborating with the broker on urgent matters, and reporting any tool-related issues to IT.
  • Assist the Associate Director with the annual budget process.
  • Oversee the Washington & Ohio workers’ compensation site, including reporting, documentation, and payments for Ohio (annual filing and semi-annual payments), Washington (quarterly filing and payment), and North Dakota (quarterly filings and annual payment).
  • Manage the invoicing process for self-insurance and risks transfer policies, including the end-to-end management of purchase orders. Additionally, collaborate with the Treasury Accounting Team to ensure all reclassification entries are accurate and timely.
  • Update internal Insurance SharePoint sites as needed, including claims filing instruction for internal employees and stakeholders.
  • Liaise with internal stakeholders, such as Medical and Environmental Health & Safety, on risk management trends and best practices to promote safety and risk control culture.
  • Work with insurance brokers to assist the business in procuring and renewing insurance policies and certificates.

Qualifications:

Bachelor’s degree in finance, business, or a related discipline is required.

Preferred Qualifications:

  • ARM (Associate in Risk Management), CPCU (Chartered Property Casualty Underwriter) designation, or other insurance or risk management focus.

The ideal candidate will be organized and capable of multi-tasking in a fast-paced environment.  They must be able to prioritize and execute responsibilities effectively and efficiently, learn quickly and adapt to change.  Working independently is critical for this position. Below are additional behaviors necessary for success in this role:

  • Action oriented
  • Innovates and improves processes
  • Faces difficult situations with integrity and tenacity
  • Meets challenges with enthusiasm
  • Works well in a team environment and builds strong relationships with internal and external partners
  • Supports fellow team members to meet shared goals
  • Adheres to highest ethical standards and values
  • Challenges self and others to learn and improve

Skills, Competencies and Knowledge

  • Strong analytical and conceptual ability is required.
  • Have proficiency to learn and understanding accounting, financial reports, and insurance and risk control concepts.
  • The individual should possess strong oral and written communication, problem solving, and organization skills. In addition, the ability to learn new concepts quickly and work with internal and external business partners with collaboration mindset.

If you come across a role that intrigues you but doesn’t perfectly line up with your resume, we encourage you to apply anyway. You could be one step away from work that will transform your life and career.

Uniquely Interesting Work, Life-changing Careers
With a single vision as inspiring as “Transforming patients’ lives through science™ ”, every BMS employee plays an integral role in work that goes far beyond ordinary. Each of us is empowered to apply our individual talents and unique perspectives in a supportive culture, promoting global participation in clinical trials, while our shared values of passion, innovation, urgency, accountability, inclusion and integrity bring out the highest potential of each of our colleagues.

On-site Protocol

BMS has an occupancy structure that determines where an employee is required to conduct their work. This structure includes site-essential, site-by-design, field-based and remote-by-design jobs. The occupancy type that you are assigned is determined by the nature and responsibilities of your role:

Site-essential roles require 100% of shifts onsite at your assigned facility. Site-by-design roles may be eligible for a hybrid work model with at least 50% onsite at your assigned facility. For these roles, onsite presence is considered an essential job function and is critical to collaboration, innovation, productivity, and a positive Company culture. For field-based and remote-by-design roles the ability to physically travel to visit customers, patients or business partners and to attend meetings on behalf of BMS as directed is an essential job function.

BMS is dedicated to ensuring that people with disabilities can excel through a transparent recruitment process, reasonable workplace accommodations/adjustments and ongoing support in their roles. Applicants can request a reasonable workplace accommodation/adjustment prior to accepting a job offer. If you require reasonable accommodations/adjustments in completing this application, or in any part of the recruitment process, direct your inquiries to adastaffingsupport@bms.com. Visit careers.bms.com/eeo-accessibility to access our complete Equal Employment Opportunity statement.

BMS cares about your well-being and the well-being of our staff, customers, patients, and communities. As a result, the Company strongly recommends that all employees be fully vaccinated for Covid-19 and keep up to date with Covid-19 boosters.

BMS will consider for employment qualified applicants with arrest and conviction records, pursuant to applicable laws in your area.

If you live in or expect to work from Los Angeles County if hired for this position, please visit this page for important additional information: https://careers.bms.com/california-residents/

Any data processed in connection with role applications will be treated in accordance with applicable data privacy policies and regulations.

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What You Should Know About Senior Analyst, Bristol Myers Squibb

At Bristol Myers Squibb, we're on the lookout for a Senior Analyst to join our Corporate Insurance team in Princeton, NJ. This role is anything but ordinary – you'll be part of a vibrant culture where your work helps transform patients' lives every day. As a Senior Analyst, you will proactively engage with third-party administrators to oversee and resolve various insurance claims, from general liability to clinical trial insurance. Your role will also involve supervising the procurement process for clinical trial insurance, managing the entire purchase order lifecycle, and assisting with essential tasks like annual budgeting alongside our Associate Director. You'll enjoy a dynamic work environment that not only values your contributions but also supports your growth – both personally and professionally. Bristol Myers Squibb goes beyond just offering jobs; we provide opportunities for meaningful work, innovation, and community impact. If you're someone who thrives in a fast-paced setting and is passionate about risk management, this could be the next step in your career journey. With a strong team backing you, resources for continued learning, and a commitment to work-life balance, BMS is an exceptional place to take your career to new heights.

Frequently Asked Questions (FAQs) for Senior Analyst Role at Bristol Myers Squibb
What responsibilities does a Senior Analyst at Bristol Myers Squibb have?

As a Senior Analyst in the Corporate Insurance department at Bristol Myers Squibb, you'll be responsible for managing a wide array of insurance-related duties. This includes working closely with third-party administrators to resolve claims, supervising the procurement of clinical trial insurance, overseeing the entire purchase order process, and assisting with the annual budgeting alongside the Associate Director. Your role will also involve liaising with internal teams to promote risk management best practices.

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What qualifications are needed for the Senior Analyst position at Bristol Myers Squibb?

To qualify for the Senior Analyst position at Bristol Myers Squibb, candidates must possess a bachelor's degree in finance, business, or a related field. Preferred credentials include ARM (Associate in Risk Management) or CPCU (Chartered Property Casualty Underwriter) designations. Strong analytical skills, the ability to manage multiple tasks efficiently, and excellent communication are also critical for success in this role.

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What skills will enhance my application for the Senior Analyst role at Bristol Myers Squibb?

Candidates applying for the Senior Analyst position at Bristol Myers Squibb should demonstrate strong analytical and organizational skills, proficiency in financial reports, and a good understanding of insurance and risk control concepts. Additionally, being action-oriented, having innovative problem-solving capabilities, and having excellent interpersonal skills to work within a team are essential to stand out.

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What is the work culture like for a Senior Analyst at Bristol Myers Squibb?

The work culture for a Senior Analyst at Bristol Myers Squibb is collaborative, supportive, and driven by a shared mission to transform patients' lives through science. Employees are encouraged to take initiative, innovate processes, and work as part of a team to achieve common goals. Flexibility and a commitment to work-life balance are also emphasized, making it an excellent environment for career and personal growth.

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How does Bristol Myers Squibb support the professional development of a Senior Analyst?

At Bristol Myers Squibb, professional development is a top priority, especially for positions like the Senior Analyst in Corporate Insurance. Employees benefit from various resources for ongoing learning and growth, including training programs, mentorship opportunities, and a culture that encourages innovation and continuous improvement. The supportive environment fosters both personal and career advancement, empowering employees to reach their full potential.

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Common Interview Questions for Senior Analyst
Can you describe your experience managing insurance claims?

When answering this question, highlight your specific experiences managing insurance claims, including the types of claims you've dealt with, your approach to resolving issues, and how you have collaborated with internal teams or third-party administrators. Use examples that demonstrate your problem-solving skills and attention to detail, which are crucial for a Senior Analyst at Bristol Myers Squibb.

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How do you prioritize tasks in a fast-paced environment?

Discuss your strategies for effective prioritization, such as using organizational tools, setting deadlines, and assessing urgency versus importance. Provide examples from previous roles where your prioritization resulted in successful outcomes, especially in insurance or financial contexts relevant to the Senior Analyst position.

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What methods do you use to ensure compliance with risk management protocols?

Explain your understanding of risk management and compliance protocols, as well as your experience implementing these standards in past roles. Provide examples of how you have ensured adherence to processes, conducted audits, or communicated key policies to team members, showcasing your detail-oriented approach for the Senior Analyst position.

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Describe a challenging situation you faced in your previous role and how you handled it?

When responding, choose a specific instance that demonstrates your analytical and problem-solving abilities. Discuss the context, the challenge you encountered, the actions you took to address it, and the outcome. This allows you to showcase tangible skills that would be beneficial in the Senior Analyst role at Bristol Myers Squibb.

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What tools or software are you familiar with in relation to insurance and claims management?

Be prepared to discuss any relevant software or tools you have used, such as claims management systems, financial analysis tools, or project management software. Explain how you utilized these tools to improve processes or achieve results, which is particularly relevant for the tech-savvy environment at Bristol Myers Squibb.

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How do you handle tight deadlines while managing multiple projects?

Demonstrate your ability to manage stress and workload by discussing your approach to time management, such as breaking projects into smaller tasks, delegating when appropriate, and communicating with stakeholders. Provide specific examples that show your effectiveness in meeting deadlines without sacrificing quality.

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What is your understanding of the insurance procurement process?

Explain your familiarity with the insurance procurement process, including identifying needs, comparing options, negotiating with brokers, and managing policy renewals. If possible, relate your experience to specific roles or projects that involved procurement, emphasizing aspects relevant to the Senior Analyst role at Bristol Myers Squibb.

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How do you build relationships with internal stakeholders?

Discuss your interpersonal skills and strategies for building strong relationships, such as regular communication, collaborating on projects, and being responsive to their needs. Highlight any past experiences that showcase your ability to foster teamwork, especially in cross-departmental collaborations at Bristol Myers Squibb.

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What can you tell us about your knowledge of financial reports?

Outline your experience with financial reports, like balance sheets, income statements, or cash flow statements. Discuss how you've used these reports to make informed decisions or apply insights in your roles, particularly focusing on how these skills are relevant to the Senior Analyst position.

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Why do you want to work at Bristol Myers Squibb as a Senior Analyst?

When answering this question, express your enthusiasm for the company’s mission of transforming patients' lives through science. Highlight how the values and culture resonate with you, and explain how your skills and experiences align with the Senior Analyst role, emphasizing your desire to contribute positively to the Corporate Insurance team.

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Bristol Myers Squibb is a global biopharmaceutical company whose mission is to discover, develop and deliver innovative medicines that help patients prevail over serious diseases.

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Full-time, on-site
DATE POSTED
April 13, 2025

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