Pharmacy Benefits Management (PBM) Underwriting, Senior Analyst

CVS Health•Scottsdale, NV

2d•$46,988 - $122,400

About The Position

This high-level individual contributor role on CVS Health’s Pharmacy Benefits Management (PBM) Underwriting team uses business, industry, competitive, client, and technical knowledge to develop pricing strategies and financial models for comprehensive PBM client contract offers. Pricing covers retail pharmacy networks, mail order, specialty medications, and pharmaceutical manufacturer rebates. The Senior Analyst works with PBM Sales and Account Services to support new business growth and margin retention, and helps ensure pricing is implemented accurately while minimizing service warranties and performance guarantee payouts. The role also supports underwriting managers and senior managers with financial analyses and client implementation projects. The position is full-time, with 40 anticipated weekly hours, and is eligible for a CVS Health bonus, commission, or short-term incentive program in addition to base pay. The typical pay range is $46,988 to $122,400. The application window is anticipated to close on 11/20/2026.

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, Mathematics, Economics, or a related field; equivalent work experience may be considered.

Nice To Haves

Basic knowledge of PBM finance.
Experience managing complex projects over 3–12 months in a matrix environment.
Ability to interact professionally and foster teamwork and knowledge sharing to complete key tasks.
Advanced Excel modeling skills.
Strong organizational, multitasking, and follow-up skills.
Strong presentation and communication skills, including experience presenting to various business groups.
Master’s degree.

Responsibilities

Model and develop Truecost pricing proposals for health plan clients.
Collaborate with PBM Sales and Account Services to recommend pricing and negotiation strategies that support revenue and profitability targets for new business growth and margin retention.
Use advanced Excel modeling to analyze large pharmacy claims datasets and create forward-looking financial forecasts and profit-and-loss statements.
Present financial analyses during Executive Underwriting Approval Calls and respond to financial questions in real time.
Support Underwriting Managers and Senior Managers with ad hoc financial analyses and client implementation projects.
Communicate client pricing to internal and external partners to support accurate pricing implementation and minimize service warranties and performance guarantee payouts.
Execute and implement evolving pricing strategies in response to market dynamics, producing competitive, profitable, and attractive pricing offers.