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
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.
The Financial Change Sr. Analyst 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.
- 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.
- This role will be supporting the client specific analyses and discussions and provide consultative support on additional ad-hoc reporting and analysis.
- This individual will be responsible on interacting with external stakeholders and client 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
- 2 years professional experience in data analytics, finance, pricing or process improvement role or equivalent combination of professional experience and education , or
- 2 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 working across many different groups within an organization.
- Prior experience designing, implementing, and optimizing new business processes.
- 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.
- Aptitude to communicate complex findings and conclusions in an easy-to-understand way.
- Bachelor’s degree in Finance, Mathematics, Operations, Statistics, Actuarial Science, Data Science, Economics or other data related fields preferred.
Education
High School Diploma or equivalent GED
Anticipated Weekly Hours
40
Time Type
Full time
Pay Range
The typical pay range for this role is:
$46,988.00 - $112,200.00
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.
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
We anticipate the application window for this opening will close on: 03/21/2025
Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.
Top Skills
What We Do
CVS Health is the leading health solutions company that delivers care in ways no one else can. We reach people in more ways and improve the health of communities across America through our local presence, digital channels and our nearly 300,000 dedicated colleagues – including more than 40,000 physicians, pharmacists, nurses and nurse practitioners.
Wherever and whenever people need us, we help them with their health – whether that’s managing chronic diseases, staying compliant with their medications, or accessing affordable health and wellness services in the most convenient ways. We help people navigate the health care system – and their personal health care – by improving access, lowering costs and being a trusted partner for every meaningful moment of health. And we do it all with heart, each and every day.
