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At CVS Health, we’re building a world of health around every consumer and surrounding ourselves with dedicated colleagues who are passionate about transforming health care.

As the nation’s leading health solutions company, we reach millions of Americans through our local presence, digital channels and more than 300,000 purpose-driven colleagues – caring for people where, when and how they choose in a way that is uniquely more connected, more convenient and more compassionate. And we do it all with heart, each and every day.

Position Summary: 

Do you have a passion for data analysis and process optimization? At CVS Health you can put your skills and interests to work by joining our Financial Change Order (FCO) group.  An individual who joins our team will be responsible for building and maintaining business rules and processes to ensure client change requests are financially assessed before implementation. The team’s primary goal is to ensure proper financial controls and improve CVS Caremark client level financial performance by placing proper controls around implementation of programs or changes to a client’s benefit or formulary design. 

In this role you will… 

• Be responsible for evaluating potential financial impact of a plan design change using existing models or by working with internal partners. 
• Support the development of new tools user acceptance testing.
• Support training of existing or new team members on processes and potentially be in a people management role.
• Work collaboratively with other financial change order team members.
• Access data via Excel and tools such as SQL/ SAS and use financial change order models to model projected rebate guarantee impact analysis. 
• Coordinate the efforts across company teams that can include Sales, Analytic Consulting Services, Clinical Operations, Underwriting, and other departments to ensure proper controls are in place to review changes to a client’s benefit design, formulary, or implementation of a product. 
• Provide consultative support to internal stakeholders on analysis including but not limited to sales, underwriting and underwriting analytics teams. 
• Support the client specific analyses and discussions and provide consultative support on additional ad-hoc reporting and analysis. 
• Be responsible on interacting with external stakeholders and clients directly and have the ability to articulate the results of the analysis in a clear, concise manner and meeting the expected deadlines of requested analysis for this client. 

Required Qualifications 

• 5 + years professional experience in data analytics, finance, pricing or process improvement role or equivalent combination of professional experience and education. 

OR  

• 3+ years professional experience in data analytics, finance, pricing, or process improvement role including 1+ year working with PBM data or PBM financial analysis. 

Preferred Qualifications 

• Experience in Microsoft Excel-based analysis and SQL.
• Strong organizational, multi-tasking and critical thinking skill sets are required.  
• Ability to story tell the findings in clear, concise way when articulating the findings of the analysis to sales, underwriting and other stakeholders.  
• Prior experience or knowledge of PBM industry or pharmaceuticals is preferred. 
• Ability to work independently in a fast-paced environment and manage tight deadlines and competing priorities. 
• Prior experience designing, implementing, and optimizing new business processes. 
• Demonstrated experience using business analytics to problem solve data-driven questions.
• Experience extracting, manipulating, and analyzing Big Data (databases containing multiple terabytes of data) and then using it to draw relevant conclusions.
• Strong presentation and communication skills with experience presenting to various business groups. 
• Ability to interact with others in a collegial and professional manner and help foster teamwork and knowledge sharing to complete key tasks.

Education 

• Bachelor’s degree required.  
• Degree related to finance, mathematics, operations, statistics, actuarial science, data science, economics or other data related fields preferred.  

Anticipated Weekly Hours

Time Type

Pay Range

The typical pay range for this role is:

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. 
 

Our people fuel our future. Our teams reflect the customers, patients, members and communities we serve and we are committed to fostering a workplace where every colleague feels valued and that they belong.

Great benefits for great people

We take pride in our comprehensive and competitive mix of pay and benefits – investing in the physical, emotional and financial wellness of our colleagues and their families to help them be the healthiest they can be. In addition to our competitive wages, our great benefits include:

• Affordable medical plan options, a 401(k) plan (including matching company contributions), and an employee stock purchase plan.

• No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching.

• Benefit solutions that address the different needs and preferences of our colleagues including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility.

For more information, visit https://jobs.cvshealth.com/us/en/benefits

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