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Blue Shield of California
Long Beach, California · Hybrid

Sr. Manager, Pharmacist (Formulary/PBM)

PharmacistFull-Time

Listed compensation

$149k-$252k

Listing transparency2 of 6 stated

Ask the employer about call expectations, weekend coverage and nights and shift pattern.

Employment & setting
Full-Time · hybrid
Call expectations
Not specified
Weekends
Not specified
Posted 55m ago · Verified live

Job Description

Your Role

The Formulary Strategy and Management team develops and maintains formularies
that support competitive health plan products, manage health care costs, and
meet regulatory requirements across Commercial Large Group, Commercial Small
Group, Individual/Family, and Medicare lines of business. The Senior Manager,
Pharmacist of Formulary Management reports to the Director, Formulary Strategy
and Pharmacy & Therapeutics.

In this role, you will lead a team of pharmacists and operations specialists
responsible for formulary operations, Centers for Medicare & Medicaid Services
(CMS)/Medicare formulary and utilization management (UM) submissions, System for
Electronic Rates and Forms Filing (SERFF) submissions, formulary and UM
implementation and adjudication accuracy. You will partner with analytics,
product, actuary, operations, vendors, and other business partners to develop
and execute strategies that improve affordability, quality, compliance, and
member experience.

Our leadership model is about developing great leaders at all levels and
creating opportunities for our people to grow – personally, professionally, and
financially. We are looking for leaders that are energized by creative and
critical thinking, building and sustaining high-performing teams, getting
results the right way, and fostering continuous learning.

Responsibilities

Your Work 

In this role, you will

* Lead day-to-day formulary operations and team performance to support
compliant, accurate, and timely execution
* Develop formulary strategies using clinical evidence, treatment guidelines,
claims analysis, competitive intelligence, drug pipeline information, and
financial and market data
* Oversee accurate installation of drug formularies and UM rules to support
compliant claims adjudication
* Ensure compliant CMS/Medicare formulary and UM submissions, SERFF
submissions, formulary collateral, and change notices that support member and
provider transparency
* Partner with cross-functional teams and vendors to coordinate implementation,
monitor performance, and meet accreditation, regulatory, and compliance

requirements

* Identify opportunities to improve quality, affordability, operational
efficiency, and performance against benchmarks
* Support pharmacy resident and student precepting, as assigned

Qualifications

Your Knowledge and Experience 

* Doctor of Pharmacy (PharmD) degree from an accredited school of pharmacy in
the US. 
* Active and unrestricted California Registered Pharmacist (RPh) license
* At least 8 years of managed care pharmacy experience
* 4 years of people management experience with direct responsibility for
supervising, coaching, and evaluating direct reports
* Experience with Medicare, ACA, Exchange, CMS/Medicare formulary and UM
submissions, SERFF submissions, and other applicable regulatory requirements
* Demonstrated ability to lead formulary and UM processes, projects, timelines,
and cross-functional implementation activities
* Strong independent judgment, analytical thinking, problem-solving skills, and
ability to use data to drive decisions and results
* Thorough knowledge of managed care and pharmacy benefit management practices,
including UM
* Advanced proficiency with Microsoft Office applications, including Excel,
Access, and PowerPoint

Hybrid

This role requires employees to be in-office based on our hybrid workplace
model, balancing purposeful in-person collaboration with flexibility. For most
teams, this means coming into the office two days each week.

Employees living more than 50 miles from an office location will work with their
manager to determine in-office time based on business need.

About Blue Shield of California

As of January 2025, Blue Shield of California became a subsidiary of Ascendiun.
Ascendiun is a nonprofit corporate entity that is the parent to a family of
organizations including Blue Shield of California and its subsidiary, Blue
Shield of California Promise Health Plan; Altais, a clinical services company;
and Stellarus, a company designed to scale healthcare solutions. Together, these
organizations are referred to as the Ascendiun Family of Companies. 

At Blue Shield of California, our mission is to create a healthcare system
worthy of our family and friends and sustainably affordable. We are transforming
health care in a way that genuinely serves our nonprofit mission by lowering
costs, improving quality, and enhancing the member and physician experience. 

To achieve our mission, we foster an environment where all employees can thrive
and contribute fully to address the needs of the various communities we serve.
We are committed to creating and maintaining a supportive workplace that upholds
our values and advances our goals.

Blue Shield is a U. S. News Best Company to work for, a Deloitte U. S. Best
Managed Company and a Top 100 Inspiring Workplace. We were recognized by Fair360
as a Top Regional Company, and one of the 50 most community-minded companies in
the United States by Points of Light. Here at Blue Shield, we strive to make a
positive change across our industry and communities – join us!  

Our Values

* Honest. We hold ourselves to the highest ethical and integrity standards. We
build trust by doing what we say we're going to do and by acknowledging and
correcting where we fall short. 
* Human. We strive to listen and communicate effectively, showing empathy by
understanding others' perspectives.
* Courageous. We stand up for what we believe in and are committed to the hard
work necessary to achieve our ambitious goals. 

Our Workplace Model 

We believe in fostering a workplace environment that balances purposeful
in-person collaboration with flexibility - providing clear expectations while
respecting the diverse needs of our workforce. Our workplace model is designed
around intentional in-person interaction, collaboration,

connection, creativity and flexibility

* For most teams, this means coming into the office two days per week.

* Employees living more than 50 miles from an office location, out of state
employees, and employees in certain member-facing roles should work with
their manager to determine in-office time based on business need.

* For employees with medical conditions that may impact their ability to work
in-office, we are committed to engaging in an interactive process and
providing reasonable accommodations to ensure their work environment is
conducive to their success and well-being.

The Company reserves the right to require more presence in the office based on
business needs, and requirements are subject to change with periodic reviews.  

Physical Requirements

Office Environment - roles involving part to full time schedule in Office
Environment. Based in our physical offices and work from home office/deskwork -
Activity level: Sedentary, frequency most of work day.

Please click here for further physical requirement detail.
[https://www.blueshieldca.com/physical-job-requirements] 

Equal Employment Opportunity

External hires must pass a background check/drug screen. Qualified applicants
with arrest records and/or conviction records will be considered for employment
in a manner consistent with Federal, State and local laws, including but not
limited to the San Francisco Fair Chance Ordinance. All qualified applicants
will receive consideration for employment without regards to race, color,
religion, sex, national origin, sexual orientation, gender identity, protected
veteran status or disability status and any other classification protected by
Federal, State and local laws.

Qualifications

Education
Doctoral or professional degree (postgraduate degree)
Experience
10+ years of experience

Key Skills

CMS regulationsClinical evidence analysisStrategic planningData analysisRegulatory complianceProject managementCross-functional leadership

Pharmacist Career Context

Blue Shield of California holds gold-tier status on WeekdayDoc's Top Employers work-life index, composite score 86/100, 12 active listings.

In California, the Pharmacy weighted monthly median benchmark on WeekdayDoc is ~$168k (202 salary observations; 760 listings), vs ~$138k nationally (1,700 salary observations; 9,746 listings). Monthly aggregates cover 2026-01-01 through 2026-09-01; these are not the modal's selected comparable-job medians.

Of the 50 active Pharmacy listings this role was benchmarked against, 40% are remote, 32% have no call, 76% require no weekends — this position is remote.

Pharmacy pay on WeekdayDoc is down 3.6% vs. the prior quarter (through Aug 2026).

The cost-of-living index for California is 110.7 (US average = 100; BEA Regional Price Parities (2024)), so the posted ~$200k midpoint carries the purchasing power of roughly $181k in an average-cost state. 63.6% of California clinicians report burnout symptoms in WeekdayDoc's Burnout Index (2026-01 data).

Top Pharmacist Jobs

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Salary Distribution27 jobs · 24 employers

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4
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2
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Annual compensation range

Benefits & Perks24 jobs

401k / retirement match
92%
CME allowance
21%
Sign-on bonus
13%
Loan repayment
4%
PSLF eligible
4%

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Work-life snapshot

2.4/ 10
Listing-based score
  • Hybrid
  • Remote