Pharmacy Benefits Management (PBM) Underwriting, Senior Analyst

CVS Health•Scottsdale, AZ

14h

About The Position

The Senior Analyst, PBM Contract Manager role applies complex financial, contractual, and business strategies to large, high-impact agreements negotiated between CVS Health and its PBM clients. As part of the broader Client and Finance organization, the role assists in maintaining and developing contracts that reflect evolving industry strategies in a rapidly changing healthcare landscape. The position supports health plan client retention, influences operational execution so negotiated intent is achieved, mitigates financial and relationship risks, facilitates strategic discussions with health plan clients and consultants, and negotiates contracts that accurately document agreed-upon terms and conditions. The role contributes to CVS Health's ability to attract and retain clients while supporting financial objectives and risk management strategies. The Senior Analyst oversees review of pricing commitment documents and assists with drafting, negotiation, approval, execution, and renewal of full contracts. The position supports contract strategies across clients, vendors, and/or providers; follows contract governance processes, documentation standards, and approved workflows; and builds partnerships with Sales, Underwriting, Legal, Finance, Proposals, and Consultant Relations. It ensures proper documentation, execution, and handoff of contracts across internal stakeholders. Success requires communicating contracting edits to internal partners, minimizing errors, and implementing evolving legal strategies in response to market dynamics to develop competitive, profitable, and attractive pricing offers. This is a full-time position with 40 anticipated weekly hours. The stated base pay range is $46,988 to $122,400, with eligibility for a CVS Health bonus, commission, or short-term incentive program. Benefits include medical, dental, and vision coverage, paid time off, retirement savings options, wellness programs, and other resources, based on eligibility.

Requirements

At least 4 years of financial analysis, pricing, or corporate underwriting experience.
Proficiency in Microsoft Excel for complex data analysis.
Bachelor’s degree, preferably in Finance, Political Science or Pre-Law, Business, Economics, or a related field, or equivalent work experience.

Nice To Haves

Comprehensive knowledge of PBM finance.
Proficiency in Microsoft Office Suite, including Excel, Word, PowerPoint, and Outlook.
Experience managing complex legal documents.
Ability to interact professionally with others and foster teamwork and knowledge sharing.
Strong organizational, multitasking, and follow-up skills.
Ability to interact with all levels of management, including VPs and executives.
Prior experience working across many different groups within an organization.
Strong presentation and communication skills, including experience presenting to various business groups.
Master’s degree.

Responsibilities

Oversee the review of pricing commitment documents.
Assist in drafting, negotiating, approving, executing, and renewing full contracts.
Support execution of contract strategies across clients, vendors, and/or providers.
Adhere to contract governance processes, documentation standards, and approved workflows.
Build strategic partnerships with internal stakeholders, including Sales, Underwriting, Legal, Finance, Proposals, and Consultant Relations.
Ensure proper documentation, execution, and handoff of contracts across internal stakeholders.
Communicate contracting edits to internal partners and minimize errors.
Implement evolving legal strategies in response to market dynamics to provide competitive, profitable, and attractive pricing offers.
Support client retention, operational execution of negotiated terms, mitigation of financial and relationship risks, and strategic discussions with health plan clients and consultants.