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.
Job Description
The VP, Rebate and Pharmacy Benefit Manager (PBM) Operations will lead a team of approximately 400 full-time colleagues dedicated to client service excellence, strong financial controls, and technology-driven financial solutions. In this role, the VP will be responsible for a broad array of financial operations activities for the Caremark Pharmacy Services Segment, including Medicare Part D financial management, rebate financial management, client guarantee management, revenue cycle, pharmacy adjustment services, member financial services,, and audit management.
This role is key to supporting CVS' ability to achieve its financial and strategic goals by optimizing financial performance on behalf of our clients and leading initiatives to modernize operational processes and systems.
Major Responsibilities
Oversee broad array of financial operations teams that administer roughly $500 billion of financial transactions annually with a focus on continuous operational improvement, efficiency, and productivity.
Develop and lead high-performing teams with customer service mindset, while managing a high level of employee engagement.
Create simplicity and continuously improve leading-edge products to serve evolving needs of clients and administration of their pricing and contractual terms.
Partner closely with FP&A and Accounting teams to enable faster insight into emerging financial performance
Supporting CVS Health in attracting, retaining, and engaging a consumer-centric workforce that delivers on our purpose and reflects the communities in which we work, live, and serve.
Required Qualifications
15+ years of experience in financial operations
10+ years of experience in healthcare industry, including health insurance, PBM or pharmacy services
Subject matter expertise in Finance, Accounting and Financial Operations, including knowledge of financial principles such as GAAP, FP&A, cash management, and revenue cycle
Proficiency with standard analysis tools such as Access, Excel, Visio, and project management tools such as MS Project
Significant PBM industry knowledge and understanding of contractual terms, provisions, and terminology
Demonstrate a commitment to diversity, equity, and inclusion through continuous development, modeling inclusive behaviors, and proactively managing bias
Travel - as needed for business
Preferred
Hub offices: Hartford, CT /Woonsocket, RI/Northbrook, IL, Scottsdale/AZ
Education
Bachelor's Degree (required)
Master's Degree (preferred)
The typical pay range for this role is:
$210,000.00 - $310,000.00
This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls. The actual base salary offer will depend on a variety of factors including experience, education, geography and other relevant factors. This position is eligible for a CVS Health bonus, commission or short-term incentive program in addition to the base pay range listed above. This position also includes an award target in the company's equity award program.
In addition to your compensation, enjoy the rewards of an organization that puts our heart into caring for our colleagues and our communities. The Company offers a full range of medical, dental, and vision benefits. Eligible employees may enroll in the Company's 401(k) retirement savings plan, and an Employee Stock Purchase Plan is also available for eligible employees. The Company provides a fully-paid term life insurance plan to eligible employees, and short-term and long term disability benefits. CVS Health also offers numerous well-being programs, education assistance, free development courses, a CVS store discount, and discount programs with participating partners. As for time off, Company employees enjoy Paid Time Off ("PTO") or vacation pay, as well as paid holidays throughout the calendar year. Number of paid holidays, sick time and other time off are provided consistent with relevant state law and Company policies.
For more detailed information on available benefits, please visit jobs.CVSHealth.com/benefits
We anticipate the application window for this opening will close on: 05/30/2025
Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.
CVS Health requires certain colleagues to be fully vaccinated against COVID-19 (including any booster shots if required), where allowable under the law, unless they are approved for a reasonable accommodation based on disability, medical condition, religious belief, or other legally recognized reasons that prevents them from being vaccinated.
You are required to have received at least one COVID-19 shot prior to your first day of employment and to provide proof of your vaccination status or apply for a reasonable accommodation within the first 10 days of your employment. Please note that in some states and roles, you may be required to provide proof of full vaccination or an approved reasonable accommodation before you can begin to actively work.
CVS Health is committed to recruiting, hiring, developing, advancing, and retaining individuals with disabilities. As such, we strive to provide equal access to the benefits and privileges of employment, including the provision of a reasonable accommodation to perform essential job functions. CVS Health can provide a request for a reasonable accommodation, including a qualified interpreter, written information in other formats, translation or other services through ColleagueRelations@CVSHealth.com If you have a speech or hearing disability, please call 7-1-1 to utilize Telecommunications Relay Services (TRS). We will make every effort to respond to your request within 48 business hours and do everything we can to work towards a solution.
We are an equal opportunity and affirmative action employer. We do not discriminate in recruiting, hiring, promotion, or any other personnel action based on race, ethnicity, color, national origin, sex/gender, sexual orientation, gender identity or expression, religion, age, disability, protected veteran status, or any other characteristic protected by applicable federal, state, or local law.
