Lead Director, Trade Formulary Innovation

CVS Health•Island, KY

6d•$100,000 - $231,540

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 The Director, Trade Formulary Innovation supports development and execution of Trade’s Formulary Strategy. The Director will be report to the Executive Director, Formulary Strategy and Operations, and support business cases, assist with execution of new initiatives, and maintain operational aspects of the Trade Strategy and Operations. To innovate and achieve the growth targets the enterprise has set, the candidate will stay ahead of relevant trends in healthcare, facilitate reviews to support internal product teams; assist with business case development for top ideas; and coordinate cross functional efforts to optimize the team's value. The Director, Formulary Strategy will be expected to be creative, a big picture thinker, and able to impart organizational skills in maintaining the operational demands of the department.

Requirements

Minimum 10 years of relevant work experience
5+ years of experience in in Strategy and/or Corporate Development within healthcare, with focus on expertise and experience working in the PBM or pharmaceutical segments
3+ years of experience building effective presentations for both cross-functional teams and senior leadership
Mature problem solving, oral and written communication, and presentation skills; proficiency in Microsoft Excel and PowerPoint
Demonstrated experience supporting multiple projects and priorities at once

Nice To Haves

5+ years experience in managed care which may include pharmaceutical market access, pharmacy benefit management, formulary and rebate strategy setting, or with a focus on financial strategy
Demonstrated experience in generating new ideas, backed by business cases, and shepherding them to in-market launch, especially within large organizations
Direct team leadership or management experience of other professionals
MBA or Master’s Degree preferred

Responsibilities

Develop and execute Trade growth strategy: Identify and implement new initiatives to meet or exceed growth targets. Develop deep understanding within PBM/Trade to ‘see around corners’ as to where the market will be heading, consolidating insights and developing products to achieve market advantages
Create business cases for new initiatives: Design, construct, and execute analyses to meet business case requirements using data that will often be self-sourced through observations, tests, interviews, and custom data pulls. Create and present business cases for newly identified growth initiatives / new ventures, backed by strong data and clearly-articulated assumptions
Incubate and launch new growth opportunities: Ensure seamless project management of new ventures by influencing cross-functional partners and stakeholders, and overseeing project management support. Engage cross-functionally across the organization to design solutions, develop test and implementation plans, drive results, and resolve issues encountered by the team
Manage personnel: Manage daily activities, including setting work activities, goals, priorities, and supporting colleague development.
Produce thought leadership per executive requests: Research, draw relevant insights, and prepare responses for senior enterprise stakeholders on inquiries relevant to trade strategy