Pharmacy Benefits Management (PBM) Underwriting, Senior Analyst

CVS Health•Scottsdale, NV

2d•$46,988 - $122,400

About The Position

The Senior Analyst, PBM Contract Manager applies complex financial, contractual, and business strategies to high-impact agreements negotiated between CVS Health and its PBM clients. Working within the Client and Finance organization, the role helps maintain and develop contracts that reflect evolving industry strategies and supports client retention, operational execution of negotiated terms, financial and relationship risk mitigation, strategic discussions with health plan clients and consultants, and contract negotiations. The role contributes to CVS Health’s ability to attract and retain clients while supporting financial objectives and risk management strategies. The position oversees review of pricing commitment documents and assists with drafting, negotiation, approval, execution, and renewal of full contracts. It supports contract strategies across clients, vendors, and/or providers and ensures adherence to governance processes, documentation standards, and approved workflows. The role builds partnerships with internal teams and ensures contracts are properly documented, executed, and handed off. Success depends on clearly communicating contracting edits, minimizing errors, and implementing evolving legal strategies in response to market dynamics to develop competitive, profitable, and attractive pricing offers.

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 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 multiple 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 and assist in drafting, negotiating, approving, executing, and renewing full contracts.
Support the 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.
Execute and implement evolving legal strategies in response to market dynamics.