Lead Director, Trade Industry Analysis (REMOTE)

CVS Health•Work At Home-Illinois, IL

10d•$100,000 - $231,540•Remote

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. The Lead Director of Trade Industry Analysis role is a highly visible opportunity in our Trade Value Strategy team, responsible for driving strategies to advance financial 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 Trade Value Strategy Leadership and the broader Trade organization. Your responsibilities will include identification and evaluation of strategies to optimize client 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 client net costs. You will also be responsible for communicating analytical results and insights to senior business leaders and must be able to clearly explain technical concepts to leaders with highly varied levels of technical background.

Requirements

10+ years of 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 knowledge of the evolving pharmaceutical regulatory environment
Advanced capabilities using Microsoft PowerPoint, Excel, and Word
Experience in Microsoft Excel-based modeling
Experience in managing complex work processes in a past-faced matrix environment
Experience in making informed recommendations and decisions in a dynamic and changing environment
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 and influence internal stakeholders of varying backgrounds, demonstrating deep analytical understanding in a consumable way
Bachelor’s degree in finance, healthcare, business, or related field required; or equivalent experience

Nice To Haves

8+ years experience in pharmaceutical manufacturer market access strategy
3+ years experience in pharmaceutical manufacturer pricing and contracting strategy
Demonstrated understanding of pharmaceutical government pricing (AMP, Best Price, ASP, 340B)
Experience interpreting and leveraging large, complex datasets to inform strategic decisions
Team leadership or management experience, either directly or indirectly leading other professionals
MBA or Master’s Degree preferred

Responsibilities

Develop or enhance processes and reporting to understand and drive management of rebate and margin impacts of formulary strategies, pharmaceutical manufacturer contract changes, public policy changes, and other internal initiatives or external market events
Assess pharmaceutical industry trends to develop relevant insights and determine potential implications on future rebate value, and develop financial impact analyses and recommendations to support strategic planning and decision-making
Collaborate with Trade Relations, Formulary Strategy, and Trade Finance teams to investigate opportunities to optimize rebate value and/or drive lowest net cost for clients
Lead a team that designs, develops, and delivers analytic solutions to inform rebate strategies and evaluate opportunities that will improve rebate and net cost performance
Serve as cross-functional partner to other business functions such as Supply Chain, Government Affairs, and Communications to assess and align on the impact of market events, policy changes, and trade strategies
Promote development of team members through coaching, training, and leadership opportunities