CVS Health

Receive alerts when this company posts new jobs.

Similar Jobs

Job Details

Pricing Financial Analyst

at CVS Health

Posted: 5/25/2020
Job Reference #: 1262024BR
Keywords: financial

Job Description

Job Description
Do you want to make an impact in your next finance role? There is no better place than as a Pricing Underwriting Advisor in our Client Financial Analysis and Proposals department. You will support sales in growing our business by forecasting profitability of multiple client pricing options and participating in the development of CVS Health's pricing strategy to retain existing business and to continue to win new accounts.

This high impact role is critical to how CVS Health is expanding in the healthcare and pharmacy benefits management (PBM) industry.

You will:

* Utilize 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 proposed Pharmacy Benefit Management (PBM) client contracts of up to $25 billion in annual revenue.

* Collaborate 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.

* Develop and maintain domain expertise across levers of PBM profitability, including retail networks, dispensing, specialty drugs, pharmaceutical manufacturer rebates, MAC pricing, and our product/service offerings.

* Present information to Executive Leadership in support of their review and approval of pricing offers.

* Review and complete 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.

* Communicate client pricing to internal partners in support of accurate pricing implementation.

* Present and interact with clients and external consultants as needed to negotiate pricing and terms.

* Review and provide approval for the financial sections and pricing terms of legal contracts.

* Execute and implement constantly evolving pricing strategies in response to market dynamics to provide competitive, profitable, and attractive pricing offers.

* Project management of all financial aspects of 3-9 month RFP processes working with colleagues in Strategic Proposals Management, Rebate Forecasting, Legal, Underwriting Analytics, and Analytic Consulting Services teams to ensure all deadlines are met.

This position can be located in Scottsdale, AZ or Northbrook, IL.

Join the company helping people on their path to better health!

Our organization offers a competitive benefit package including vacation and holiday paid time off, health/dental/vision insurance, work/life balance, employee discounted stock purchase program, 401K, tuition reimbursement, and employee discounts at all CVS stores.

Required Qualifications
- 4 years work experience in financial analysis, underwriting or pricing

Preferred Qualifications
- Experience in health insurance, managed care, or prescription drug industry preferred

Education
- Bachelors Degree required
- Masters Degree preferred

Business Overview
It’s a new day in health care.

Combining CVS Health and Aetna was a transformative moment for our company and our industry, establishing CVS Health as the nation’s premier health innovation company. Through our health services, insurance plans and community pharmacists, we’re pioneering a bold new approach to total health. As a CVS Health colleague, you’ll be at the center of it all.

At CVS Health, we work every day to help people on their path to better health. Never has it been more important for us to deliver on our purpose to our valued customers, patients, members, and employees. With a presence in communities across the country, CVS Health colleagues are and will continue to be a critical piece of the country’s health care solution. The health and safety of our employees, patients, customers, and members is our top priority as we face the impact of COVID-19 together. If you would like to learn about the actions we are taking as a company as we learn more about COVID-19 and its spread, we encourage you to visit our COVID-19 resource center at https://cvshealth.com/covid-19
We offer a diverse work experience that empowers colleagues for career success. In addition to skill and experience, we also seek to attract and retain colleagues whose beliefs and behaviors are in alignment with our core values of collaboration, innovation, caring, integrity and accountability.

CVS Health is an equal opportunity/affirmative action employer. Gender/Ethnicity/Disability/Protected Veteran - we highly value and are committed to all forms of diversity in the workplace. We proudly support and encourage people with military experience (active, veterans, reservists and National Guard) as well as military spouses to apply for CVS Health job opportunities. We comply with the laws and regulations set forth in the following EEO is the Law Poster: EEO IS THE LAW and EEO IS THE LAW SUPPLEMENT. Please note that we only accept applications for employment via this site.

We provide reasonable accommodations to qualified individuals with disabilities. If you need to request an accommodation, a qualified interpreter, written information in other formats, translation or other services, please contact our Advice and Counsel Reasonable Accommodations team by emailing Advice and Counsel Reasonable Accommodations team or calling 877-805-9511.

If technical issues are preventing you from applying to a position, contact Kenexa Helpdesk at 1-855-338-5609 or cvshealthsupport@us.ibm.com. For technical issues with the Virtual Job Tryout, contact the Modern Hire Help Desk at 1-877-451-1695 or cvs_support@modernhire.com.

Application Instructions

Please click on the link below to apply for this position. A new window will open and direct you to apply at our corporate careers page. We look forward to hearing from you!