Senior Manager, Trade Strategic Planning

CVS Health

15d

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 We are seeking a highly skilled and experienced individual with a strong background in the pharmacy benefit management industry to join our team. The Senior Manager, Trade Strategic Planning, will focus primarily on evaluating Trade initiatives and assessing financial value to identify opportunities, risks, and trends. In addition to working with colleagues in other Trade teams to size value drivers and align financial outcomes with strategic objectives, you will partner with other functions outside of the Trade organization to define and execute processes and strategies that support value creation and drive efficiencies. This is an outstanding opportunity with exposure to senior executives. Additional responsibilities will be to: Understand and evaluate revenue impacts of formulary strategies, pharma contract changes, and market events Manage financial budgeting and forecasting process deliverables, analyzing Trade team submissions and summarizing business drivers behind the change Develop and maintain monthly Trade revenue performance tracking, inclusive of risk and opportunity assessments Assist in development of analyses & materials for executive-level audiences, including leading work with cross-functional partners to inform content and resolve data needs Collaborate across Trade, Underwriting, and Finance partners to create/streamline processes and support cross-team rebate initiatives and future planning Identify and implement process improvements/automation efforts to drive efficiencies and alignment, and manage documentation of process maps, guiding principles, and options analyses as needed Provide project management support for key projects/initiatives To be successful, you should possess: Strong problem solving, analytical, oral and written communication skills Experience leading conversations with cross-functional partners to understand CVS enterprise and PBM client financial impacts and to align on assumptions and deliverables Experience developing analyses and presentations to explain business issues, quantify financial impact, and provide recommendations Expertise in starting with raw data and transforming it into financial insights in an easy-to-understand way Ability to work independently in a fast-paced environment and manage tight deadlines and competing priorities Experience working through ambiguous projects, with ability to quickly identify business needs and conduct a thorough analysis

Requirements

• 8+ years of experience in managed care, with a focus in pharmacy benefit management, pharmaceutical market access, formulary and rebate strategy setting, or financial strategy
• Advanced capabilities using Microsoft Excel for data analytics and financial modeling/analysis
• Experience manipulating and analyzing data from large databases using SQL or other appropriate software
• Ability to make informed, data-driven decisions, with a strong emphasis on translating data insights into actionable strategies.
• Demonstrated knowledge of corporate financial concepts (P&L management, budget development, variance analysis, etc.)
• Strong problem solving, analytical, oral and written communication skills
• Experience leading conversations with cross-functional partners to understand CVS enterprise and PBM client financial impacts and to align on assumptions and deliverables
• Experience developing analyses and presentations to explain business issues, quantify financial impact, and provide recommendations
• Expertise in starting with raw data and transforming it into financial insights in an easy-to-understand way
• Ability to work independently in a fast-paced environment and manage tight deadlines and competing priorities
• Experience working through ambiguous projects, with ability to quickly identify business needs and conduct a thorough analysis

Nice To Haves

• 5+ years experience with pharmacy benefit management, prescription drug rebates, prescription drug spend, and/or formulary strategies
• Experience leading process improvement exercises
• Exposure and/or knowledge of the evolving pharmaceutical regulatory environment
• Proficiency in Tableau or other data visualization software
• Experience utilizing Google BigQuery to extract raw data

Responsibilities

• Understand and evaluate revenue impacts of formulary strategies, pharma contract changes, and market events
• Manage financial budgeting and forecasting process deliverables, analyzing Trade team submissions and summarizing business drivers behind the change
• Develop and maintain monthly Trade revenue performance tracking, inclusive of risk and opportunity assessments
• Assist in development of analyses & materials for executive-level audiences, including leading work with cross-functional partners to inform content and resolve data needs
• Collaborate across Trade, Underwriting, and Finance partners to create/streamline processes and support cross-team rebate initiatives and future planning
• Identify and implement process improvements/automation efforts to drive efficiencies and alignment, and manage documentation of process maps, guiding principles, and options analyses as needed
• Provide project management support for key projects/initiatives

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
• Number of Employees: 5,001-10,000 employees