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

Last year CVS Health introduced TrueCost™, an innovative pharmacy pricing model that provides CVS Health’s Pharmacy Benefits Management (PBM) clients with a pricing contract option that reflects the true net cost of prescription drugs. TrueCost™ if the first of its kind and offers clients greater transparency and durability compared to legacy pricing models available in the market today.

Would you like to be on the cutting edge of new and innovative product offerings at CVS Health? CVS Health’s PBM Underwriting team is looking for a detail oriented, self-motivated, and collaborative Senior Financial Analyst to support TrueCost™ offerings for our commercial health plan clients. In this highly visible individual contributor role, you will utilize your business, industry, competitive, client, and technical knowledge to formulate pricing strategy and to execute financial modeling of comprehensive pricing offers that include retail network, mail order, specialty, and pharmaceutical manufacturer rebates for PBM client contracts.

Some of your key responsibilities will include:

• Collaborating with PBM Sales and Account Services to provide recommendations on pricing and negotiation strategy to achieve revenue and profitability targets for net new business growth and margin retention
• Applying advanced Excel modeling techniques to analyze large sets of pharmacy claims data and build forward looking financial forecasts and profit and loss (P&L) statements
• Presenting financial analyses to Executive Leadership during Executive Underwriting Approval Calls and responding to financial questions in real-time
• Supporting Underwriting Managers and Sr. Managers with ad-hoc financial analyses and client implementation projects.
• Support the creation of TrueCost™ product offerings and serve as the TrueCost™ subject matter expert for PBM Underwriting, Networks, Trade, Finance, and other internal stakeholders.

Your success will be determined by your ability to communicate client pricing to internal and external partners in support of accurate pricing implementation and to minimize service warranties and performance guarantee payouts. You will need to execute and implement constantly evolving pricing strategies in response to market dynamics to provide competitive, profitable, and attractive pricing offers. You will have a measurable impact in this role, by helping CVS Health, and our clients win, in a competitive marketplace.

Required Qualifications

• 3 or more years financial analysis, pricing, or corporate underwriting experience required
• Proficient in Microsoft Excel in complex data analysis

Preferred Qualifications

• Knowledge of PBM finance
• Experience managing complex projects over 3-12 months in a matrix environment
• Ability to interact with others in a professional manner and help foster teamwork and knowledge sharing to complete key tasks
• Advanced Excel modelling
• Strong organizational, multi-tasking, and follow up skills.
• Strong presentation and communication skills with experience presenting to various business groups

Education

• Bachelor’s Degree required, preferably in Finance, Mathematics, Economics, or related field; or equivalent work experience may be considered
• Master's Degree preferred

Anticipated Weekly Hours

Time Type

Pay Range

The typical pay range for this role is:

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:

• Affordable medical plan options, a 401(k) plan (including matching company contributions), and an employee stock purchase plan.

• No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching.

• 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

Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.