Financial Operations Analyst
About The Position
The Financial Operations Analyst (described in the position summary as a Rebate Reconciliation Analyst) performs rebate reconciliation activities, payment analysis, dispute resolution, reserve analysis, and related financial analyses. The role works closely with internal partners, including Trade Relations, Legal, and Accounting, as well as external pharmaceutical manufacturers. The analyst helps drive value for clients by reducing their overall drug spend and supports the organization’s goal of making quality care more affordable, accessible, simple, and seamless. The successful candidate is detail-oriented, analytical, and able to solve problems, organize and prioritize workloads, meet strict deadlines, manipulate and analyze data, and communicate effectively with colleagues at different organizational levels and external pharmaceutical company counterparts.
Requirements
- At least 6 months of financial or analytical experience.
- At least 6 months of experience with Microsoft Excel.
- Excellent problem-solving skills.
- Strong attention to detail and analytical skills.
- Ability to organize and prioritize workloads and meet strict deadlines.
- Ability to handle basic to intermediate data manipulation and analysis.
- Excellent written and oral communication skills.
- Bachelor’s degree in Finance, Accounting, Business, Math, or Economics, or equivalent work experience; the degree is preferred.
Nice To Haves
- Experience working in a dynamic, fast-paced environment.
- Experience with contract administration, financial analysis, data analysis, data-mining, cash reconciliations, or complex processes.
- PBM or pharmaceutical manufacturer experience and knowledge of pharmaceutical products.
- Contract interpretation experience.
- Bachelor’s degree in Finance, Accounting, Business, Math, or Economics.
Responsibilities
- Review and understand contract terms applicable to the reconciliation function.
- Track and apply payments due from pharmaceutical manufacturers.
- Identify late payments and request late-fee billing as required by contract.
- Manipulate and analyze payment data from pharmaceutical manufacturers.
- Reconcile received payment data with invoiced amounts to identify items disputed by pharmaceutical manufacturers.
- Analyze and research variances and disputed items, and determine whether to accept or reject disputes.
- Communicate with pharmaceutical manufacturers about variances and disputes.
- Update the internal dispute-tracking data file monthly.
- Analyze required reserves monthly.
- Investigate and respond to inquiries about the status of open balances.
- Perform basic to intermediate data manipulation and analysis.
Benefits
- Medical coverage
- Dental coverage
- Vision coverage
- Paid time off
- Retirement savings options
- Wellness programs
- Other resources based on eligibility
- Eligible for a CVS Health bonus, commission, or short-term incentive program in addition to base pay
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
