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Bring your heart to CVS Health. Every one of us at CVS Health shares a single, clear purpose: Bringing our heart to every moment of your health. This purpose guides our commitment to deliver enhanced human-centric health care for a rapidly changing world. Anchored in our brand — with heart at its center — our purpose sends a personal message that how we deliver our services is just as important as what we deliver.

Our Heart At Work Behaviors™ support this purpose. We want everyone who works at CVS Health to feel empowered by the role they play in transforming our culture and accelerating our ability to innovate and deliver solutions to make health care more personal, convenient and affordable.

Position Summary

Pharmacy Reimbursement has reached a critical point across the industry, and the Senior Manager of Pharmacy Forecasting and Analytics will be a key leader in developing innovative solutions to drive profitability. This role will develop the forecasting modeling infrastructure, and will be the budgeting and forecasting analytics lead for over $90b in Pharmacy Sales and managing over -$1b in annual rate erosion. This role will manage the current Reimbursement Budgeting and Forecasting modeling, and integrate with new CostVantage-based Reimbursement. This high level individual contributor will combine complex modeling and insightful analytics with robust presentation development to set financial expectations with Senior Leadership. As the forecasting and modeling lead, the Senior Manager of Pharmacy Forecasting and Analytics will need to combine a highly analytical skillset with the ability to clearly convey complex issues.

• Budgeting and forecasting lead for over $90b in Pharmacy Sales while managing over -$1b in annual rate erosion at a granular level. Develop modeling to set financial expectations with Leadership via forecast and R&O expectations, and play key role in robust reporting and analytics to understand underlying business trends

• Key analytic role in monthly close process with ability to summarize key business themes and drivers of variances to expectations assisting with the month-end close process, including preparation of supporting materials, with an ambition to improve and streamline current processes.

• Accrue Generic and Brand contracted rates for top Payers. Develop insightful, proactive Balance Sheet assessment tools to minimize financial risk and provide insight for strategic decision making

• Creates sophisticated financial models to support strategic decision-making and long-term financial planning. Evaluate the current Reimbursement Budgeting and Forecasting modeling, Ideate and implement improvements to better enable it to meet the growing business demands.

• Forecast, Budget, and Analyze Omnicare Business Unit results separately

• Support ad hoc analyses, including but not limited to: Legal Requests, Government cost surveys (NADAC, cost to fill, etc.)

Required Qualifications

• 7+ years of professional finance experience with escalating levels of responsibility

• Advanced proficiency in Microsoft Office Applications (e.g., Excel, PowerPoint)

Preferred Qualifications

• Advanced degree, i.e., Accounting, business, finance, economics, etc. and/or certification, i.e., CFA, CPA

• Healthcare/Pharmacy industry work experience

• Excellent verbal and written communication skills

• Strong attention to detail and analytical skills

• Experience with custom queries in relational databases (such as SQL)

Education

• Bachelor’s degree

Pay Range

The typical pay range for this role is:

$82,940.00 - $182,549.40

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. This position also includes an award target in the company’s equity award program.

In addition to your compensation, enjoy the rewards of an organization that puts our heart into caring for our colleagues and our communities. The Company offers a full range of medical, dental, and vision benefits. Eligible employees may enroll in the Company’s 401(k) retirement savings plan, and an Employee Stock Purchase Plan is also available for eligible employees. The Company provides a fully-paid term life insurance plan to eligible employees, and short-term and long term disability benefits. CVS Health also offers numerous well-being programs, education assistance, free development courses, a CVS store discount, and discount programs with participating partners. As for time off, Company employees enjoy Paid Time Off (“PTO”) or vacation pay, as well as paid holidays throughout the calendar year. Number of paid holidays, sick time and other time off are provided consistent with relevant state law and Company policies.

For more detailed information on available benefits, please visit Benefits | CVS Health (https://jobs.cvshealth.com/us/en/benefits)

We anticipate the application window for this opening will close on: 11/29/2024

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

We are an equal opportunity and affirmative action employer. We do not discriminate in recruiting, hiring, promotion, or any other personnel action based on race, ethnicity, color, national origin, sex/gender, sexual orientation, gender identity or expression, religion, age, disability, protected veteran status, or any other characteristic protected by applicable federal, state, or local law.