Senior Manager, Pharmaceutical Contracting

CVS Health • Massachusetts, MA

33d

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 SummaryThe Senior Manager will lead strategic pharmaceutical contracting initiatives, including the negotiation and management of select manufacturer agreements. This role will guide manufacturer strategy, account relationship development, and formulary cost optimization. The ideal candidate will bring deep expertise in formulary design and rebate modeling to drive measurable value across the organization.

Requirements

• 7+ years of relevant experience in PBM, healthcare delivery, pharmaceutical manufacturing, or contracting.
• Advanced analytical skills with proficiency in manipulating datasets using Microsoft Excel.
• Strong problem-solving and decision-making capabilities.
• Proven ability to collaborate effectively across teams and departments.
• Demonstrated success in planning, execution, and delivery of complex initiatives.
• Business intelligence acumen with a strategic mindset.
• Ability to travel 10 - 20% as needed
• Bachelor's degree required/specialized training/relevant professional qualification.

Nice To Haves

• PharmD degree preferred.

Responsibilities

• Evaluate pharmaceutical manufacturer bid proposals and model current and projected rates to recommend strategic formulary approaches.
• Negotiate and manage contracts with pharmaceutical manufacturers, ensuring compliance, tracking performance metrics, and resolving disputes.
• Collaborate with Finance to analyze market trends, pricing structures, and financial data to optimize contract terms and deliver cost savings.
• Provide strategic direction to account management and manufacturer negotiations to control drug and medical supply costs.
• Partner with internal teams-including Trade Strategy and Operations, Legal, and Finance -to align contracting strategies with organizational goals.
• Build and maintain strong relationships with pharmaceutical manufacturers and suppliers to foster innovation and partnership.
• Deliver ongoing recommendations to senior leadership to support strategic decision-making and ensure alignment with enterprise objectives.

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: Manager
• Industry: Ambulatory Health Care Services
• Number of Employees: 5,001-10,000 employees