Pricing Financial Analyst
CVS Pharmacy - Scottsdale, AZ
Apply NowJob Description
Job DescriptionWould you like to join CVS Health, a Fortune 5 company, on our multifaceted Underwriting team? In this high-level individual contributor role in our Underwriting group you will utilize your business, industry, competitive, client, and technical knowledge to formulate pricing strategy and to execute financial modeling of comprehensive pricing offers that include retail network, mail order, specialty, and pharmaceutical manufacturer rebates for PBM client contracts. Some of your key responsibilities will include: - Collaborating with PBM Sales and Account Services to provide recommendations on pricing and negotiation strategy to achieve revenue and profitability targets for net new business client growth and margin retention- Developing and maintaining domain expertise across levers of PBM and Enterprise profitability, including retail networks, enterprise dispensing, specialty drugs, pharmaceutical manufacturer rebates, MAC pricing, and our product/service offerings- Presenting to Executive Leadership during Executive Underwriting Approval Calls- Responding to questions in real-time in support of their review and approval- Reviewing and completing financial sections of Requests for Proposals (RFPs) to define and approve scope of PBM client support and to forecast accurate cost assumptions into client pricing offers- Supporting health plan client's growth goals by consulting on pharmacy pricing strategy and market trendsYour success will be determined by your ability to communicate client pricing to internal and external partners in support of accurate pricing implementation and to minimize service warranties and performance guarantee payouts. You will need to execute and implement constantly evolving pricing strategies in response to market dynamics to provide competitive, profitable, and attractive pricing offers. You will have a measurable impact in this role, by helping CVS Health, and our clients win, in a competitive marketplace.Required Qualifications 5+ years' experience in analytics, finance, or accountingCOVID RequirementsCOVID-19 Vaccination RequirementCVS 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 Comprehensive knowledge of PBM finance Experience managing complex projects over 3-12 months in a matrix environment Ability to interact with others in a professional manner and help foster teamwork and knowledge sharing to complete key tasks Advanced Excel modelling Strong organizational, multi-tasking, and follow up skills. Ability to interact with all level of management, including VPs and executives. Prior experience working across many different groups within an organization Strong presentation and communication skills with experience presenting to various business groups Knowledge of medical insurance underwritingEducation Bachelors degree is required Masters degree is preferred Equivalent combination of education and experience may be consideredBusiness OverviewBring your heart to CVS HealthEvery 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.
Created: 2024-09-07