at CVS Health in Northbrook, Illinois, United States
Job Description
Job Description
Do you want to make a large impact in your next role? Join CVS Health, a Fortune 4 company, as a Senior Manager in the Trade Strategy and Operations organization! The Senior Manager of Rebate P&L Pharma Strategy role is a highly visible opportunity in our Rebate P&L Strategy team, responsible for driving strategies to advance rebate performance and profitability for both clients and the PBM organization. As the prescription drug landscape changes with new high-cost therapies, increasing pressure to reduce pharmaceutical costs and the evolving policy landscape, the right person for this role is a highly motivated, forward-thinker who can identify opportunities and leverage matrix partners to develop innovative strategies effectively and efficiently. You will use your abilities to deliver actionable insights to Rebate P&L Strategy Leadership and the broader Trade organization. Your responsibilities will include evaluation of strategies to optimize rebate value in response to pharmaceutical market events. You will collaborate with other PBM functional areas to assess various trade and formulary strategy initiatives, with the goal of improving rebate management.Additional responsibilities will be to: – Design, develop, and deliver analytic solutions to inform rebate strategies and evaluate opportunities that will improve rebate and net cost performance- Understand and manage rebate impacts of formulary strategies, pharma contract changes, public policy changes, and other market events – Assess pharmaceutical industry trends to determine potential implications on future rebate value, including financial scenario modeling for multi-year strategic planning- Collaborate with Trade Relations, Formulary Strategy, and Trade Finance teams to investigate opportunities to optimize rebate value and/or drive lowest net cost for clientsTo be successful, you should possess:- Expertise in querying, manipulating, and analyzing large datasets- Experience working in past-faced matrix environments requiring management of multiple priorities- 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:RI – WoonsocketIL – ChicagoMN – BloomingtonJoin 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.
Pay Range
The typical pay range for this role is:
Minimum: 75,400
Maximum: 162,700
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/benefitsRequired Qualifications
- 7+ years of experience in healthcare, finance, or analytics- Advanced capabilities using Microsoft PowerPoint, Excel, and Word- Minimum 3 years of experience in Microsoft Excel-based modeling
Preferred Qualifications
- Experience in managed care which may include PBM, health plans, pharmaceutical market access, or with a focus on financial strategy- 5+ years experience with prescription drug rebates, prescription drug spend, formulary strategies, pharmacy benefit management, and/or pharmaceutical pricing strategy & market access- Knowledge of pharmaceutical government pricing (AMP, Best Price, ASP, 340B)- Knowledge of the evolving pharmaceutical regulatory environment- Experience manipulating and analyzing data from large databases using SAS, SQL or other appropriate software
Education
• Bachelor’s degree in finance, healthcare, business, or related field required; or equivalent experience• MBA or Master’s Degree preferred
Business 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. 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.
