Our Ability Jobs

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Position Summary:

Do you have a passion for data analysis and problem solving? Would you like the opportunity to contribute directly to the bottom line? At CVS Health you can put your skills and interests to work by joining our UW Insights and Pricing Strategy team. An individual who joins our team will be responsible for analyzing data from a variety of areas of our PBM business and identifying opportunities that will create a meaningful financial benefit in our client offerings – from a consultant spreadsheet as well as client savings perspective. As a Pricing Strategy Analytics Advisor, you will be responsible for analyzing drug costs and client performance in one or many areas (rebates, network, and specialty), quantify providing reporting on existing strategies, and participate in the development of new strategies. You’ll be collaborating with and influencing other areas within the company to develop pricing insights, financial impact models, overseeing medium to large size projects that support various client strategy initiatives as well as ad-hoc analysis. The goal is to improve CVS Caremark client financial offerings and evaluated position in competitive bids.

• The candidate will…

• Quantify potential impact of various PBM pricing strategies in both Rebate and Discounts across all channels.

• Coordinate the efforts across company teams that can include Specialty, Retail, Clinical Ops, IT, Product Development, Finance, Trade, Sales, and other corporate departments

• Access data, construct and manipulating large datasets to support planned analyses, using SAS, Excel, SQL, and similar tools

• Managing complex projects related to a wide variety of financial, utilization, and operational business needs.

• Gather business insights and analysis inputs from various internal stakeholders

• Present findings, develop and propose recommendations to leaders across multiple departments

• Education

• Bachelor’s degree required;

• Degree related to finance, mathematics, operations, statistics, actuarial science, epidemiology, economics or other data related fields preferred.

• Required Qualifications

• 5 + years’ experience in analytics

• Preferred Qualifications

• Prior experience in PBM pricing or PBM financial analytics

• Minimum of 2 years of experience in SAS or other database software

• Experience in Microsoft Excel-based modeling

• Experience using business analytics to problem solve data-driven questions

• Experience extracting, manipulating, and analyzing large data sets and then using it to draw conclusions

• Experience conducting data analyses using basic and advanced skills in statistics and database management

• Occasional travel may be required

• Prior experience or knowledge of PBM industry or pharmaceuticals is preferred

• Experience writing macros within VBA

• Strong presentation and communication skills with experience presenting to various business groups

• Extensive experience in a position requiring problem solving, problem analysis and creative solutions skills.

• Strong organizational, multi-tasking, and follow up skills.

• Ability to interact with others in a collegial and professional manner and help foster teamwork and knowledge sharing to complete key tasks

• Ability to work independently in a fast paced environment and manage tight deadlines and competing priorities

• Aptitude to communicate complex analytic findings and conclusions in an easy to understand way

Pay Range

The typical pay range for this role is:

$60,300.00 - $132,600.00

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: 09/30/2024

CVS Health requires certain colleagues 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, religious belief, or other legally recognized reasons that prevents them from being 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 or apply for a reasonable accommodation within the first 10 days of your employment. Please note that in some states and roles, you may be required to provide proof of full vaccination or an approved reasonable accommodation before you can begin to actively work.

CVS Health is committed to recruiting, hiring, developing, advancing, and retaining individuals with disabilities. As such, we strive to provide equal access to the benefits and privileges of employment, including the provision of a reasonable accommodation to perform essential job functions. CVS Health can provide a request for a reasonable accommodation, including a qualified interpreter, written information in other formats, translation or other services through ColleagueRelations@CVSHealth.com If you have a speech or hearing disability, please call 7-1-1 to utilize Telecommunications Relay Services (TRS). We will make every effort to respond to your request within 48 business hours and do everything we can to work towards a solution.

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.