Address
Form of workBring 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
Responsible to lead and drive financial best practices within functional area of responsibility. This role has both the direct responsibility for the Stand-alone Part D business and indirect responsibility for the Part D component of Medicare Advantage. Accountable to define and lead the effective strategic direction of financial functions that supports these business units' financial plans and collaborate with senior leaders. Ensure effective support of financial closing, planning and forecasting processes to drive the quality and integrity of P&L/cost center owner level and/or legal entity reporting, membership and/or expense forecasts, product reporting and balance sheet reporting.
You'll make an impact by:
Partner with market/function head to analyze and support full P&L responsibility to support the coordination and development of business unit financial plans and forecasting tools/processes. Drive results to identify emerging product/market trend vulnerabilities and opportunities through analysis; develop and implement action plans. Collaborate with senior leadership team on development and monitor implementation of major business unit action plans to seize competitive opportunities and/or respond to performance shortfalls/plan variances.
Coordinate with other financial disciplines/functions in support of business transactions, e.g., PBM, regulatory issues, analysis of legal entities, etc. Identify, recommend, monitor, and track effective Rx cost analysis, product and risk alignment with business unit financial performance targets, through coordination with internal functions supporting the business, such as actuarial, PBM, retail pharmacies, Enterprise Economics, underwriting, etc. Provide financial analysis and recommendations in support of management's evaluation of strategic and business initiatives, while monitoring and evaluating risk and performance arrangements; recommend appropriate financial protections. Lead development and implementation of business unit performance measures and enhance processes that drive accountability measurements throughout the organization. Oversee and ensure compliance with all applicable reporting requirements and regulations to minimize enterprise exposure. May collaborate and respond to inquiries from external parties, such as state agencies, regulators, or auditors.
Required Qualifications
• 10+ years' experience supporting a P&L required.
• 10+ years' experience in healthcare, managed care insurance, financial forecasting, financial analysis and reporting, expense management, and management of teams.
Preferred Qualifications
• 15+ years financial management experience including strategic and business planning, accounting and financial analysis.
• Advanced degree in Finance or Business, CPA preferred and/or FSA desired.
Education
• Bachelor's Degree in Finance or Accounting related field
Pay Range
The typical pay range for this role is:
$131,500.00 - $297,250.00
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 jobs.CVSHealth.com/benefits
CVS Health requires certain colleagues to be fully vaccinated against COVID-19 (including any booster shots if required), where allowable under the law, unless they are approved for a reasonable accommodation based on disability, medical condition, religious belief, or other legally recognized reasons that prevents them from being vaccinated.
You are required to have received at least one COVID-19 shot prior to your first day of employment and to provide proof of your vaccination status or apply for a reasonable accommodation within the first 10 days of your employment. Please note that in some states and roles, you may be required to provide proof of full vaccination or an approved reasonable accommodation before you can begin to actively work.
CVS Health is committed to recruiting, hiring, developing, advancing, and retaining individuals with disabilities. As such, we strive to provide equal access to the benefits and privileges of employment, including the provision of a reasonable accommodation to perform essential job functions. CVS Health can provide a request for a reasonable accommodation, including a qualified interpreter, written information in other formats, translation or other services through ColleagueRelations@CVSHealth.com If you have a speech or hearing disability, please call 7-1-1 to utilize Telecommunications Relay Services (TRS). We will make every effort to respond to your request within 48 business hours and do everything we can to work towards a solution.
