IT Finance - Vendor Management - Senior Manager

CVS Health • Woonsocket, RI • 10h ago

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.

We are looking for a strategic and results-driven Senior Manager, IT Finance - Vendor Management to lead financial oversight and optimization of our IT vendor portfolio. This role will be instrumental in driving cost efficiency, contract performance, and financial transparency across technology investments. The ideal candidate combines deep financial acumen, contract evaluation expertise, and the ability to influence stakeholders across IT, Procurement, and Finance.

Responsibilities include:

Lead end-to-end financial oversight of IT vendor relationships, including cost modeling, risk assessment, and ROI analysis

Develop and maintain sophisticated Excel-based financial models to support forecasting, scenario planning, and vendor negotiations

Analyze complex contract structures to ensure alignment with financial objectives, performance commitments, and compliance standards

Serve as a key financial advisor to IT and business leaders, translating complex financial models into clear business insights

Partner with Procurement and IT teams to identify opportunities for cost savings, service consolidation, and contract optimization

Own and continuously improve vendor-related financial reporting, dashboards, and KPIs

Lead quarterly business reviews and present findings to senior leadership, highlighting spend trends, budget performance, and risk exposure

Mentor junior finance team members and foster a culture of analytical rigor and proactive problem-solving

Required Qualifications

7+ years of progressive experience in Finance, with at least 3 years in IT Finance or Vendor Management

7+ years of proven expertise in Excel-based financial modeling, contract analysis, and scenario planning

Preferred Qualifications

Deep understanding of IT contracts, software licensing, cloud service pricing, and vendor performance metrics

Strong leadership and communication skills, with the ability to influence non-finance stakeholders and articulate financial concepts clearly

Demonstrated ability to manage multiple priorities in a fast-paced, cross-functional environment

Experience with financial tools (e.g., SAP and Apptio) and reporting platforms (e.g., Power BI, Tableau)

Education

Bachelor's degree in Finance, Accounting, or a related field or equivalent (HS Diploma and 4 years of experience) required

Master's or MBA is a plus

Pay Range

The typical pay range for this role is:

$75,400.00 - $182,549.00

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.

Our people fuel our future. Our teams reflect the customers, patients, members and communities we serve and we are committed to fostering a workplace where every colleague feels valued and that they belong.

Great benefits for great people

We take pride in our comprehensive and competitive mix of pay and benefits - investing in the physical, emotional and financial wellness of our colleagues and their families to help them be the healthiest they can be. In addition to our competitive wages, our great benefits include:

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.

For more information, visit https://jobs.cvshealth.com/us/en/benefits

We anticipate the application window for this opening will close on: 07/18/2025

Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.

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.

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