Senior Analyst, Financial Operations - Rebate Research

CVS Health • Northbrook, IL

10h

About The Position

At CVS Health, we’re building a world of health around every consumer and surrounding ourselves with dedicated colleagues who are passionate about transforming health care. As the nation’s leading health solutions company, we reach millions of Americans through our local presence, digital channels and more than 300,000 purpose-driven colleagues – caring for people where, when and how they choose in a way that is uniquely more connected, more convenient and more compassionate. And we do it all with heart, each and every day. Position Summary: The Rebate Research Senior Analyst analyzes Commercial and Medicare formularies to determine client eligibility for manufacturer rebate contracts. Day-to-day tasks include: gathering documentation, reviewing contract language and providing feedback, evaluating new and varied situations dealing with plan design, formulary listing, contract interpretation, and trade negotiation; conducting ad hoc research to support forecasting and underwriting processes, investigating manufacturer disputes, supporting client and manufacturer audits, collaborating with colleagues and management to resolve issues and improve processes, and adhering to quality control procedures to ensure timely and accurate research results are published monthly for all formularies and drugs. This position interacts with many areas across the CVS Health organization, including Rebate Invoicing, Reconciliation, POS Rebate, Claims, Resubmissions, MFR Audit, Client Audit, Trade, Underwriting, Sales, Clinical, Client Services, and Account Management. A successful candidate will have the following skills: Excellent oral and written communication skills. Strong analytical skills and organizational skills. Ability to handle multiple tasks and deadlines, and to appropriately pivot priorities based on business needs. Flexibility and adaptability to take on additional tasks to support the department.

Requirements

• 1+ years of experience with formularies and rebate contracts
• Excellent oral and written communication skills
• Strong analytical skills and organizational skills
• Ability to handle multiple tasks and deadlines, and to appropriately pivot priorities based on business needs
• Flexibility and adaptability to take on additional tasks to support the department

Nice To Haves

• Formulary and/or rebate knowledge
• Contract interpretation experience
• Advanced knowledge of pharmaceutical industry, drug products, and manufacturer rebate contracts
• Advanced understanding of CVS Caremark Benefit Design and Formulary

Responsibilities

• analyzes Commercial and Medicare formularies to determine client eligibility for manufacturer rebate contracts
• gathering documentation
• reviewing contract language and providing feedback
• evaluating new and varied situations dealing with plan design, formulary listing, contract interpretation, and trade negotiation
• conducting ad hoc research to support forecasting and underwriting processes
• investigating manufacturer disputes
• supporting client and manufacturer audits
• collaborating with colleagues and management to resolve issues and improve processes
• adhering to quality control procedures to ensure timely and accurate research results are published monthly for all formularies and drugs

Benefits

• Affordable medical plan options, a 401(k) plan (including matching company contributions), and an employee stock purchase plan.
• No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching.
• Benefit solutions that address the different needs and preferences of our colleagues including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Number of Employees: 5,001-10,000 employees