Job Description
*** This position is located in Scottsdale, AZ. The successful candidate will be required to attend in-person meetings at this location. ***
Would you like to join CVS Health, a Fortune 5 company, on our multifaceted Pharmacy Benefits Management (PBM) Underwriting team? In this high-level individual contributor role, 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 growth and margin retention; and
– Applying advanced Excel modeling techniques to analyze large sets of pharmacy claims data and build forward-looking financial forecasts and profit and loss (P&L) statements; and
– Presenting financial analyses to Executive Leadership during Executive Underwriting Approval Calls and responding to financial questions in real-time; and
– Supporting Underwriting Managers and senior managers with ad-hoc financial analyses and client implementation projects.
Your 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.
Pay Range
The typical pay range for this role is:
Minimum: 43,700
Maximum: 100,000
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
Required Qualifications
– 3 or more years of financial analysis, pricing, or corporate underwriting experience required
– Proficient in Microsoft Excel in complex data analysis
Preferred Qualifications
– 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.
– Strong presentation and communication skills with experience presenting to various business groups