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
Would you like to join CVS Health, a Fortune 5 company, on our multifaceted Underwriting team? As a Senior Manager in our Underwriting group 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 client growth and margin retention
- Developing and maintaining domain expertise across levers of PBM and Enterprise profitability, including retail networks, enterprise dispensing, specialty drugs, pharmaceutical manufacturer rebates, MAC pricing, and our product/service offerings
- Presenting to Executive Leadership during Executive Underwriting Approval Calls
- Responding to questions in real-time in support of Executive review and approval
- Reviewing and completing financial sections of Requests for Proposals (RFPs) to define and approve scope of PBM client support and to forecast accurate cost assumptions into client pricing offers
- Identify impacts of legislative PBM decisions on client contracts
- Leading, coaching, and developing your team of 3-4 individual contributors
- Ongoing budget reviews and client strategy management
- Ongoing audit and financial inquiries
Your success will be determined by your ability to communicate client pricing to internal 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. Finally, your skills as a leader and a manager will be tested, and the continued growth of your team will be imperative your success and your impact on the enterprise.
A successful candidate in this role has:
· A pricing and/ or financial background.
· Review and analyze complex financials.
· Highly proficient in working with large data sets
· Ability to work in a very fast-paced environment with tight deadlines.
· Experience in setting up process and executing against them.
· Possess excellent verbal and written communications skills, and interpersonal skills.
· Demonstrated experience using business analytics to problem solve data-driven questions.
· Aptitude to communicate complex analytic findings and conclusions in an easy to understand way.
· Ability to collaborate with and influence clients and customers to develop analytic models, methodologies and reports that support CVS Caremark products and services.
· Experience extracting, manipulating, and analyzing Big Data (databases containing multiple terabytes of data) and then using it to draw relevant conclusions.
· Ability to appropriately prioritize competing client requests to ensure focus on highest impact activities.
· Ability to interact with others in a collegial and professional manner; leverage team resources to support assigned clients; and help foster teamwork and knowledge sharing to complete key tasks. Ability to work independently in a fast paced environment and manage tight deadlines
Required Qualifications
* 7+ Years of related professional experience
* At least 4 years financial analysis, pricing, or underwriting experience
* 3 or more years of experience in healthcare industry
Preferred Qualifications
2+ years’ experience with PBM or Specialty Pharmacy/Home Infusion industry preferred.
* Previous contract experience, RFP or capture experience.
Education
Bachelor's Degree required, bachelor's in Finance or Business preferred.
Masters preferred.
Pay Range
The typical pay range for this role is:
$67,900.00 - $149,300.00
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. 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
Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.