At CVS Health, we’re building a world of health around every consumer and surrounding ourselves with dedicated colleagues who are passionate about transforming health care.
As the nation’s leading health solutions company, we reach millions of Americans through our local presence, digital channels and more than 300,000 purpose-driven colleagues – caring for people where, when and how they choose in a way that is uniquely more connected, more convenient and more compassionate. And we do it all with heart, each and every day.
Position Summary
Do you have a passion for financial analysis, analytics and problem solving? Would you like the opportunity to contribute directly to the bottom line? At CVS Health, you can put your skills and interests to work by joining our Client Value Optimization, Profitability Management group. You will support the Pharmacy Benefit Management (PBM) business as part of our broader Client Financial Analysis and Proposals department. You will be directly involved in improving client financial performance.
In this high impact role, you will be an individual contributor focused on financial variance analysis, identifying client specific improvement opportunities and helping to drive implementation of appropriate strategies that will create a meaningful financial benefit. The financial monitoring of current PBM client financial performance will span many channels (rebates, network, and specialty) and areas of our business. You’ll be collaborating with and influencing many groups within our company (Specialty, Retail, Clinical Ops, IT, Product Development, Finance, Trade, Sales & Account Management) to help drive opportunities through to execution.
Additionally, you will:
-Be responsible for conducting financial variance analysis and identifying issues in order drive towards margin enhancing solutions
-Work with pharmacy claim data to understand root causes of specific client issues
-Access and manipulate large datasets using Excel, SQL(SAS/Teradata) and similar tools
-Support complex projects related to a wide variety of financial, utilization, and operational business needs.
-Assist in coordinate efforts across company teams that can include Specialty, Retail, Clinical Ops, IT/TI, Product Development, Finance FP&A, Trade and account management to identify and implementation of solutions
In this role, you will be an integral member of the team. Your success will be driven by your ability to interact with others in a collaborative and professional manner and help foster teamwork and knowledge sharing to complete key tasks. Your experience extracting, manipulating, and analyzing large data sets and then using it to draw conclusions will also be key. Your strong presentation skills, aptitude to communicate complex findings and conclusions in an easy to understand way, as well as your ability to manage tight deadlines and competing priorities will also contribute to your success.
Our organization offers a competitive benefit package including vacation paid time off, holiday/sick time, health/dental/vision insurance, work/life balance, employee discounted stock purchase program, 401K, tuition reimbursement and employee discounts at all CVS stores.
Required Qualifications
- 5+ years’ experience in financial analysis, analytics or variance analysis
Preferred Qualifications
- PBM or pharmaceutical industry experience preferred
- Experience in Microsoft Excel-based modeling
Education
- Bachelor’s degree or equivalent work experience required.
- Degree related to finance, mathematics, statistics, actuarial science, economics or other finance related fields preferred
Anticipated Weekly Hours
40
Time Type
Full time
Pay Range
The typical pay range for this role is:
$60,300.00 - $132,600.00
This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls. The actual base salary offer will depend on a variety of factors including experience, education, geography and other relevant factors. This position is eligible for a CVS Health bonus, commission or short-term incentive program in addition to the base pay range listed above.
Our people fuel our future. Our teams reflect the customers, patients, members and communities we serve and we are committed to fostering a workplace where every colleague feels valued and that they belong.
Great benefits for great people
We take pride in our comprehensive and competitive mix of pay and benefits – investing in the physical, emotional and financial wellness of our colleagues and their families to help them be the healthiest they can be. In addition to our competitive wages, our great benefits include:
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Affordable medical plan options, a 401(k) plan (including matching company contributions), and an employee stock purchase plan.
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No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching.
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Benefit solutions that address the different needs and preferences of our colleagues including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility.
For more information, visit https://jobs.cvshealth.com/us/en/benefits
We anticipate the application window for this opening will close on: 03/27/2025
Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.
