At CVS Health, we're building a world of health around every consumer and surrounding ourselves with dedicated colleagues who are passionate about transforming health care.As the nation's leading health solutions company, we reach millions of Americans through our local presence, digital channels and more than 300,000 purpose-driven colleagues - caring for people where, when and how they choose in a way that is uniquely more connected, more convenient and more compassionate. And we do it all with heart, each and every day.Position Summary
Do you want to make a large impact in your next role while developing an enterprise-wide perspective? Join CVS Health, a Fortune 4 company, as a Senior Manager in the Trade Strategy and Operations organization! The Analytics Senior Manager of Trade Industry Analysis role is a highly visible opportunity in our Trade Value Strategy team, responsible for delivering impactful analyses to advance performance and profitability for both clients and the CVS enterprise.As the prescription drug landscape changes with new therapies, an evolving policy landscape, and increasing pressure to reduce pharmaceutical costs, the right person for this role is a highly motivated, forward-thinker who can proactively create analyses and self-service data tools to evaluate opportunities and inform business strategies. You will use your abilities to translate analyses into actionable insights and recommendations for Trade Value Strategy Leadership and the broader Trade organization.You will influence business decisions by evaluating innovative strategies to optimize performance in response to external pharmaceutical market events and internal CVS initiatives. Your responsibilities will include initiating and establishing cross-functional relationships and collaborating with other areas to identify and address risks and opportunities to multiple CVS business segments and our external stakeholders.Additional responsibilities will be to:- Design, develop, and deliver analytic solutions to inform trade strategies and evaluate opportunities that will improve client and CVS enterprise performance- Understand and assess financial impacts of formulary strategies, pharma contract changes, public policy changes, and other market events-Leverage relationships across Retail, Network, Supply Chain, and Client Underwriting to enable data insight generation, insights, and understanding of the enterprise- Collaborate with Trade Relations, Formulary Strategy, and Trade Finance teams to investigate opportunities to optimize rebate value and drive low net cost for clients- Determine financial implications of trade initiatives and potential strategies across multiple CVS business segments to inform an enterprise-wide view, including impacts to rebates, net cost, and pharmacy marginsTo be successful, you should possess:- Expertise in querying, manipulating, and analyzing large datasets as well as creating self-service data solutions to enable team members' success- A proven track record of taking initiative, with ability to work independently- Demonstrated ability in navigating organizations and establishing cross-functional relationships in fast-paced matrix environments- Familiarity with flow of funds and stakeholder entities in the pharmaceutical ecosystem- Experience developing analyses and presentations to explain business issues and/or recommend strategies- Strong problem solving, analytical, oral, and written communication skills- Ability to effectively engage with internal stakeholders of varying backgrounds, demonstrating deep analytical understanding in a consumable way**Will consider 100% remote from anywhere in the US. Residence within a commutable distance to one of the following offices is preferred:
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Join the company helping people on their path to better health! Our organization offers a competitive benefit package including vacation and holiday paid time off, health/dental/vision insurance, work/life balance, employee discounted stock purchase program, 401K, tuition reimbursement, and employee discounts at all CVS stores.Required Qualifications
- 7+ years of experience in healthcare, finance, or analytics; graduate-level education may substitute for experience
- 3+ years of experience in the pharmaceutical industry, which may include PBMs, manufacturers, or related life sciences consulting
- Experience manipulating and analyzing data from large databases using SAS, SQL or other appropriate software- 3+ years of experience in Microsoft Excel-based modeling
- Advanced capabilities using Microsoft PowerPoint, Excel, and WordCOVID Requirements
COVID-19 Vaccination Requirement
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.Preferred Qualifications
- 5+ years experience with prescription drug rebates, formulary strategies, and/or pharmaceutical pricing strategy & market access
- Familiarity with pharmacy network dynamics
- Knowledge of the evolving pharmaceutical regulatory environment
-Experience with Tableau and other data visualization tools is a plusEducation
• Bachelor's degree in finance, healthcare, business, or related field required; or equivalent experience
• MBA or Master's Degree preferredBusiness Overview
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.We strive to promote and sustain a culture of diversity, inclusion and belonging every day.
CVS Health is an affirmative action employer, and is an equal opportunity employer, as are the physician-owned businesses for which CVS Health provides management services. 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.Pay Range
The typical pay range for this role is:$75,400.00 - $199,144.00
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.Our people fuel our future. Our teams reflect the customers, patients, members and communities we serve and we are committed to fostering a workplace where every colleague feels valued and that they belong.Great benefits for great peopleWe take pride in our comprehensive and competitive mix of pay and benefits - investing in the physical, emotional and financial wellness of our colleagues and their families to help them be the healthiest they can be. In addition to our competitive wages, our great benefits include:
- Affordable medical plan options, a 401(k) plan (including matching company contributions), and an employee stock purchase plan.
- No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching.
- Benefit solutions that address the different needs and preferences of our colleagues including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility.