Our Ability Jobs

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

CVS Health is looking for an experienced finance professional with strong leadership and project management skills to manage a large team in the preparation and filing of CVS Health’s statutory and regulatory financial statements. This role serves as the lead of the reporting structure for all of CVS Health’s Statutory Entities that are largely managed out of Hartford and requires a solid understanding of Statutory Accounting Principles including latest emerging guidance from NAIC as regulations are enhanced.

This role also has accountability for the Annual Commercial Federal Medical Loss Ratio (MLR) filings:

• The Supplemental Health Care Exhibit allows state/federal insurance regulators to evaluate health plan profitability and market share and compare financial results of health care business as reported in the annual financial statements. The federal Medical Loss Ratio (MLR) assures health insurance issuers submit data on the proportion of premium revenues spent on clinical services and quality improvement. Rebate payments to enrollees are required where the proportion falls below the applicable MLR standard.

Major Responsibilities:

• The ideal candidate will be able to utilize influence to successfully pull together highest quality reporting packages meeting all internal/external deadlines.

• Lead a large team of individuals that are responsible for financial statement preparation, validation and reporting for CVS Health’s legal entities in accordance with NAIC requirements and Statutory Accounting Principles

• Effectively communicate key messages to senior management and internal/external stake holders

• Actively interact with regulators/examiners and auditors

• Drive best in class internal control environment and ensure integrity of financial statements

• Drive standardization across teams

Required Qualifications

• 15+ years accounting/financial experience, with knowledge of healthcare, managed care, insurance or financial services

• 5+ years management/leadership experience overseeing teams

• Experience with federal reporting such as MLR.

• Ability to work Hybrid Model (in office Tuesday / Wednesday / Thursday) - Hartford, CT

Preferred Qualifications

• Experience with Statutory Accounting, NAIC Rules

• Project Management & Implementation Skills

• CPA

Education

Bachelor's degree in math/finance/accounting/actuarial

MBA (preferred)

Pay Range

The typical pay range for this role is:

$157,800.00 - $363,936.00

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. This position also includes an award target in the company’s equity award program.

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 (https://jobs.cvshealth.com/us/en/benefits)

We anticipate the application window for this opening will close on: 11/26/2024

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

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.