Senior Analyst, Business Financials

CVS Health•Work At Home-Massachusetts, MA

1d•$46,988 - $112,200•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. Position Summary Do you have a passion for data analysis and process optimization? At CVS Health you can put your skills and interests to work by joining our Financial Change Order (FCO) group. An individual who joins our team will be responsible for building and maintaining business rules and processes to ensure client change requests are financially assessed before implementation. The team’s primary goal is to ensure proper financial controls and improve CVS Caremark client level financial performance by placing proper controls around implementation of programs or changes to a client’s benefit or formulary design. The Financial Change Order Sr. Analyst will… Work under the guidance of Sr. Manager or Manager for evaluating potential financial impact of a plan design change using existing models or by working with internal partners. Support the development of new tools user acceptance testing. Access data via Excel and tools such as SQL/ SAS and use financial change order models to model projected rebate guarantee impact analysis. Coordinate the efforts across company teams that can include Sales, Analytic Consulting Services, Clinical Operations, Underwriting, and other departments to ensure proper controls are in place to review changes to a client’s benefit design, formulary, or implementation of a product. Provide consultative support to internal stakeholders on analysis including but not limited to sales, underwriting and underwriting analytics teams. This role will be supporting the client specific analyses and discussions and provide consultative support on additional ad-hoc reporting and analysis. This individual will be responsible on interacting with external stakeholders and client directly and have the ability to articulate the results of the analysis in a clear, concise manner and meeting the expected deadlines of requested analysis for this client.

Requirements

2 years professional experience in data analytics, finance, pricing or process improvement role or equivalent combination of professional experience and education -OR -
1 year professional experience in data analytics, finance, pricing, or process improvement role including 1+ year working with PBM data or PBM financial analysis.

Nice To Haves

Experience in Microsoft Excel-based analysis and SQL
Strong organizational, multi-tasking and critical thinking skill sets are required.
Ability to story tell the findings in clear, concise way when articulating the findings of the analysis to sales, underwriting and other stakeholders.
Prior experience or knowledge of PBM industry or pharmaceuticals is preferred.
Ability to work independently in a fast-paced environment and manage tight deadlines and competing priorities.
Prior experience working across many different groups within an organization.
Prior experience designing, implementing, and optimizing new business processes.
Strong presentation and communication skills with experience presenting to various business groups.
Bachelor's Degree related to finance, mathematics, operations, statistics, actuarial science, data science, economics or other data related fields preferred.

Responsibilities

Work under the guidance of Sr. Manager or Manager for evaluating potential financial impact of a plan design change using existing models or by working with internal partners.
Support the development of new tools user acceptance testing.
Access data via Excel and tools such as SQL/ SAS and use financial change order models to model projected rebate guarantee impact analysis.
Coordinate the efforts across company teams that can include Sales, Analytic Consulting Services, Clinical Operations, Underwriting, and other departments to ensure proper controls are in place to review changes to a client’s benefit design, formulary, or implementation of a product.
Provide consultative support to internal stakeholders on analysis including but not limited to sales, underwriting and underwriting analytics teams.
Support the client specific analyses and discussions and provide consultative support on additional ad-hoc reporting and analysis.
Interact with external stakeholders and client directly and have the ability to articulate the results of the analysis in a clear, concise manner and meeting the expected deadlines of requested analysis for this client.