CVS Health Rebates Reconciliation Advisor - Work from Home Flexible in Northbrook, Illinois
CVS Health, a fortune 5 company is currently hiring for a dynamic individual to join our Rebate Reconciliation team.The Rebates Reconciliation Advisor reports to a Rebate Reconciliation Manager as a subject matter expert to analysts regarding reconciling rebate invoices of Pharma brand discount contracts. This includes contract interpretation setup within CVS Health's proprietary system, maintenance of Pharma contracts including cash collection, payment reconciliation and cash distributions. Duties & Responsibilities: • Leads Analysts / Senior Analysts engagement in organizational integration, policy, procedure initiatives, process improvement, capital & BSR projects• Recommends operational improvements and delegates appropriately • Documents processes, policies & procedures • Leads presentations and project team meetings internally and externally with CVS Health business partners, Pharma and clients• Coordinates the efforts of a cross unit / cross company teams that include Contracting, Trade Relations, Finance, Legal and other corporate departments• Responsible for day to day administration of systems and processes for accurate, timely administration of contracts across multiple rebate models (GPO, Medicare D) and CVS Health entities• Analyzes system output for variances and trend changes, identifying client impact, explaining market share change and presenting findings to internal partners• Administers payment terms, issue resolution and follow up with Pharma to ensure prompt payment within contract terms• Maintains a collaborative, effective relationship with manufacturer contact at all times• Assertively leads and performs the vital research to influence, drive and implement approved recommendations regarding system enhancements or improvements to reduce costs, minimize processing time, improve controls or increase client / manufacturer satisfaction
3 or more years of Finance and/or Accounting and/or Operations experience (may include internship experience)
COVID-19 Vaccination Requirement
CVS Health requires its Colleagues in certain positions to be fully vaccinated against COVID-19 (including any booster shots if required), where allowable under the law, unless they are approved for a reasonable accommodation based on disability, medical condition, pregnancy, or religious belief that prevents them from being vaccinated.
If you are vaccinated, you are required to have received at least one COVID-19 shot prior to your first day of employment and to provide proof of your vaccination status within the first 30 days of your employment. For the two COVID-19 shot regimen, you will be required to provide proof of your second COVID-19 shot within the first 60 days of your employment. Failure to provide timely proof of your COVID-19 vaccination status will result in the termination of your employment with CVS Health.
If you are unable to be fully vaccinated due to disability, medical condition, pregnancy, or religious belief, you will be required to apply for a reasonable accommodation within the first 30 days of your employment in order to remain employed with CVS Health. As a part of this process, you will be required to provide information or documentation about the reason you cannot be vaccinated. If your request for an accommodation is not approved, then your employment may be terminated.
Microsoft Excel and AccessContract administration, financial and / or data analysis, data-mining, and cash reconciliations experiencePBM or pharmaceutical manufacturer experience and knowledge of pharmaceutical productsContract interpretation experienceDegree with a concentration in Math, Finance, Economics or Accounting
Bachelor's Degree required. Master's degree preferred.
At CVS Health, we are joined in a common purpose: helping people on their path to better health. We are working to transform health care through innovations that make quality care more accessible, easier to use, less expensive and patient-focused. Working together and organizing around the individual, we are pioneering a new approach to total health that puts people at the heart.
We strive to promote and sustain a culture of diversity, inclusion and belonging every day. CVS Health is an equal opportunity and affirmative action employer. We do not discriminate in recruiting, hiring or promotion based on race, ethnicity, sex/gender, sexual orientation, gender identity or expression, age, disability or protected veteran status or on any other basis or characteristic prohibited by applicable federal, state, or local law. We proudly support and encourage people with military experience (active, veterans, reservists and National Guard) as well as military spouses to apply for CVS Health job opportunities.
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