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Position Summary

The Senior Analyst is accountable to lead, guide and direct the vendor aspects as it relates to the financial contractual agreements outlined in the Statement of Work [SOW]. Responsible for managing the relationship of the vendors and coordinating numerous tasks that will drive overall performance that contributes to financial and contract stability. Direct accountability for Contractual Statement of Work pricing model, reviews and updates, invoice validation, monthly estimates, accruals, invoice audits, and invoice data entry. The senior Analyst will support leadership with data analysis of invoices, contract negotiations, procurement review, and other tasks as assigned . Delivery on stakeholder and business performance. The Senior Analyst will participate in project at the stakeholder level as assigned.

Business operational acumen is required in order to communicate effectively with both internal and external operational teams related to Contractual execution and Financial measures . Additional areas of responsibility will include financial analysis to identify cost savings, budget gaps, pricing consistency, contract monitoring against performance penalty measures, financial lock trending, overtime spend, dedicated vs designated project pricing models, and leadership skills . Lead cross-functional teams responsible for providing operational support to the CVS Health PBM business. Evolve & improve vendor processes including but not limited to reviewing or recommending innovative solutions that will impact our clients and members, strategic planning, analysis of data, and overall operational performance of key deliverables.

Senior Analyst is responsible for meeting the business needs through the delivery of organized documentation and contract and finance reviews. Partner with vendor management IT, Resource Planning, Operations, and specialized team members to ensure monthly metrics are met for all supported lines of business. Understanding who the clients are to ensure consistency throughout the organization, engagement with CVS Finance and Procurement partners to ensure alignment and successful outcomes . Participate in projects at the stakeholder level , organize and be fully accountable for audit of finance and contractual reviews .

Required Qualifications

• 4 years of experience in Pharmacy Benefits Management, invoicing, statement reconciliation, etc.

• 1 year experience using Microsoft's Power BI

• Colleague will be required to work mandatory overtime/extended workweek when needed

• Advanced ability in Excel (PivotTables, formulas, etc.)

• Must be able to work independently with all levels and in every area of the Organization

Preferred Qualifications

• Regular and reliable attendance

• Strong Organizational skills

  • Contract language

• Understating of Call center Operations

• Understanding of Resource Planning Operations

• Operational Health Care industry knowledge

• Vendor/outsourcing knowledge

• Knowledge of 5 why’s methodology of root cause analysis

  • Financial data tracking

  • Performance monitoring

• Excellent communication skills, written and verbal

• Advanced use of CVS system tools

Education

Bachelors Degree or equivalent work experience

Pay Range

The typical pay range for this role is:

$43,700.00 - $102,000.00

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 jobs.CVSHealth.com/benefits

We anticipate the application window for this opening will close on: 07/19/2024

We are an equal opportunity and affirmative action employer. We do not discriminate in recruiting, hiring, promotion, or any other personnel action based on race, ethnicity, color, national origin, sex/gender, sexual orientation, gender identity or expression, religion, age, disability, protected veteran status, or any other characteristic protected by applicable federal, state, or local law.