Description
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* Would you like to join CVS Health, a Fortune 5 company, in our multifaceted Pharmacy Benefits Management (PBM) Underwriting team? In this high-level individual contributor role, you will utilize your business, industry, competitive, client, and technical knowledge to formulate pricing strategy and to execute financial modeling of comprehensive pharmacy pricing offers. As an Underwriting Manager, you will support Sales in growing our business and participating in the development of CVS Health's overall pricing strategy to win and retain PBM clients. Key responsibilities of the Underwriting Manager (Individual Contributor) will include: - Collaborating with PBM Sales and Account Services to provide recommendations on pricing and negotiation strategy to achieve revenue and profitability targets for client growth and margin retention; and - Applying advanced Excel modeling techniques to analyze large sets of pharmacy claims data and build forward looking financial forecasts and profit and loss (P&L) statements; and - Developing and maintaining domain expertise across multiple levers of PBM and Enterprise profitability, including retail networking, enterprise dispensing, specialty dispensing, pharmaceutical manufacturer rebates, MAC pricing, and other product/clinical service offerings; and - Presenting financial analyses to Executive Leadership during Executive Approval Calls and responding to financial questions in real-time. Your success will be determined by your ability to communicate client pricing to internal and external partners in support of accurate pricing implementation and to minimize service warranties and performance guarantee payouts. You will need to execute and implement constantly evolving pricing strategies in response to market dynamics to provide competitive, profitable, and attractive pricing offers. You will have a measurable impact in this role, by helping CVS Health, and our clients win, in a competitive marketplace. *Required Qualifications* - 5 or more years financial analysis, pricing, or corporate underwriting experienced required - Highly proficient in Microsoft Excel in complex data analysis *Preferred Qualifications* - Highly proficient in Microsoft Excel in complex data analysis - Comprehensive knowledge of PBM finance - Experience managing complex projects over 3-12 months in a matrix environment - Ability to interact with others in a professional manner and help foster teamwork and knowledge sharing to complete key tasks - Advanced Excel modelling - Strong organizational, multi-tasking, and follow up skills. - Ability to interact with all level of management, including VPs and executives. - Prior experience working across many different groups within an organization - Strong presentation and communication skills with experience presenting to various business groups *Education* - Bachelor's Degree required, preferably in Finance, Mathematics, Economics, or related field; or equivalent work experience may be considered - Master's Degree or MBA preferred *Pay Range* The typical pay range for this role is: $54,300.00 - $139,200.00This 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 [jobs.CVSHealth.com/benefits](https://jobs.cvshealth.com/benefits) We anticipate the application window for this opening will close on: 10/31/2024
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