Client Financial Optimization – Analyst

CVS Health

23h

About The Position

We’re building a world of health around every individual — shaping a more connected, convenient and compassionate health experience. At CVS Health®, you’ll be surrounded by passionate colleagues who care deeply, innovate with purpose, hold ourselves accountable and prioritize safety and quality in everything we do. Join us and be part of something bigger – helping to simplify health care one person, one family and one community at a time. Position Summary An Analyst who joins the Client Financial Analysis and Optimization (CFAO) team provides financial consultation and pricing support to help CVS Caremark win and retain business. They will also work directly with the client and the sales team to provide insight into a client’s pharmaceutical data to make informed decisions on their key health care strategies. An analyst working in CVS Caremark’s Client Financial Analysis and Optimization Team interacts with individuals and teams that are both internal and external to the organization. The breadth of CVS Caremark services presents an opportunity to work with multiple functional areas including sales, clinical, account management, finance, underwriting, and product marketing. Activities of an analyst typically include gaining better insight into a client’s business problem to be solved; formulating a data-driven approach to solve the problem; analyzing and drawing conclusions; and presenting recommendations to the client or Sr. Leadership. An individual who joins this team will develop and/or maintain expert knowledge of the rapidly changing healthcare marketplace, pharmacy benefits management industry, CVS Caremark data warehouses and CVS Caremark programs, services, and sales goals. The individual selected for this role will work under different managers and experience different business units and roles as part of an initial 18-month rotation, before permanent placement on a dedicated team. The rotation will provide an opportunity to gain PBM foundational knowledge, build analytic kills, learn underwriting, and much more. A candidate on this team will perform a variety of client analyses in response to specific business questions. This person then communicates those findings, including recommendations back to key business leaders of our clients. The consultative nature of the position means there is potential for a high frequency of client facing activities and meetings. This may include on-site or teleconferenced presentations as an individual or team, and written documents for assigned clients and in support of other clients.

Requirements

• 1 year of overall experience
• 1 year of experience in analytics
• 1 year of experience in a field such as: finance, mathematics, operational analysis, statistics, epidemiology, sales and marketing research, accounting, economics or other data-driven field. Experience may be met through educational and/or internship experience

Nice To Haves

• Experience extracting, manipulating, and analyzing Big Data (data bases containing multiple terabytes of data) and then using it to draw relevant conclusions
• Knowledge of SAS or other statistical and database software, including STATA, SPSS, R, and SQL highly preferred
• Experience or knowledge of pharmaceuticals or health care industry is preferred
• Experience in advanced Microsoft Excel-based modeling
• MBA or Master’s in data analytics, finance, economics, or similar quantitative field

Responsibilities

• providing financial consultation and pricing support to help CVS Caremark win and retain business
• work directly with the client and the sales team to provide insight into a client’s pharmaceutical data to make informed decisions on their key health care strategies
• gaining better insight into a client’s business problem to be solved
• formulating a data-driven approach to solve the problem
• analyzing and drawing conclusions
• presenting recommendations to the client or Sr. Leadership
• develop and/or maintain expert knowledge of the rapidly changing healthcare marketplace, pharmacy benefits management industry, CVS Caremark data warehouses and CVS Caremark programs, services, and sales goals
• perform a variety of client analyses in response to specific business questions
• communicates those findings, including recommendations back to key business leaders of our clients
• on-site or teleconferenced presentations as an individual or team, and written documents for assigned clients and in support of other clients

Benefits

• 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.
• For more information, visit https://jobs.cvshealth.com/us/en/benefits

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level