Senior Manager, Strategic Risk Analytics And Scenario Planning

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.
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:
If you love working with data and are excited about imagining what the ever-evolving health care landscape could be, this role is for you! As Senior Manager of Strategic Risk Analytics, you will drive high impact, Strategic Risk analysis for CVS Health's Corporate Strategy team, a Fortune 6 and leading health solutions company in the U.S. As a critical part of the team, you will be frequently engaging with a variety of teams to perform complex analyses in support of strategy development, implementation, and monitoring and have high visibility to senior leadership across the company.
Some of your key responsibilities will include, but are not limited to:

• Leading or participating in moderately complex financial scenario assessments, sensitivity analysis, and Risk Analytics that contribute to large-scale planning activities.
• Conducting health care market research to inform strategic scenarios and use business intelligence, statistical, and/or data science techniques to evaluate risk exposure.
• Developing and working with structured data files from multiple sources, such as membership, P&L, clinical and pharmacy claims, risk adjustment, etc.
• Partnering with Enterprise Strategy, Actuarial, Enterprise Risk Management, and Enterprise Economics to test robustness of model assumptions and projections.
• Collaborating and consulting with Finance Technology to resolve modeling, forecasting, and production issues, and achieve analytic and reporting goals.
• Supporting development of communication vehicles (e.g., presentation) and presenting complex analytics concepts, techniques, and results to non-technical audience.
• Taking initiative in raising new data collection opportunities, applications of existing data, or analyses that contribute to team's strategic role in exceeding outcomes.

To be successful, you will:

• Bring and continue to develop a solid understanding of health care business drivers across payer, care delivery, PBM, and pharmacy.
• Use critical thinking to frame business problems, acquire relevant data points, design analytical plans, and provide actionable insights and strategic solutions.
• Risk-assess complex problems using large data sets and communicate effectively with leadership to highlight strategic implications to CVS Health.
• Possess excellent written and verbal communication skills with all levels of organization and those with and without technical backgrounds.
• Demonstrate ability to manage multiple tasks with competing priorities.
• Work effectively both independently and as a team with diverse stakeholders, including business, technical and/or clinical.

Required Qualifications:

• 5+ years' experience working with financial drivers of healthcare businesses, with exposure to at least one of the following business: payer, provider, PBM, pharmacy
• 3+ years of Risk Analytics experience in the healthcare industry
• 2+ years of experience using various statistical software and computer programming (e.g., R, Python, SQL, SAP, Oracle, etc.)
• Strong command of financial modeling, including scenario analysis, sensitivity analysis, Monte Carlo simulation, discounted cash flow (DCF), and forecasting
• Advanced skills in Excel
• Ability and willingness to travel as needed. Less than 10% of time.

Preferred Qualifications:

• Working knowledge and experience in visualization tools (e.g., D3, Tableau)
• Proficiency in Microsoft PowerPoint and Word
• Actuarial background

Education:

• Bachelor's degree with significant relevant experience.
• Master's degree in Data Analytics, Statistics, Mathematics, Finance, Economics, or other quantitative discipline preferred.

Pay Range
The typical pay range for this role is:
$79,200.00 - $190,700.00
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
We anticipate the application window for this opening will close on: 04/22/2024
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.