Financial Operations Analyst

Summary

The Rebate Reconciliation Analyst position will primarily be engaged in rebate reconciliation activities, payment analysis, dispute resolution, reserve analysis and other related financial analyses. This includes working closely with internal partners such as Trade Relations / Legal / Accounting and external partners such as Pharmaceutical Manufacturers.

Job Duties

• Review and comprehend all contract terms applicable to the Reconciliation function
• Track and apply payments due from pharmaceutical manufacturers
• Identify any late payments and request late fee billing as required by contract
• Manipulate and Analyze payment data from pharmaceutical manufacturers
• Reconcile payment data received with Invoiced amount to identify all items disputed by pharmaceutical manufacturers
• Analyze and research all variances and disputed items and determine whether to accept or reject disputes
• Communicate with pharmaceutical manufacturers regarding variances and disputes
• Update internal dispute tracking data file on a monthly basis
• Perform analysis of required reserves on a monthly basis
• Investigate and respond to questions/inquiries regarding the status of open balances
• Ability to handle basic to intermediate data manipulation and analysis

Required Qualifications

• 6+ months financial or analytical experience.
• 6+ months experience with Microsoft Excel.

Preferred Qualifications

• Experience working in a dynamic, fast-paced environment.
• Experience with contract administration, financial and / or data analysis, data-mining, cash reconciliations, and complex processes is beneficial.
• PBM or pharmaceutical manufacturer experience and knowledge of pharmaceutical products preferred.
• Contract interpretation experience is preferred

Qualifications

Bachelor's Degree in Finance, Accounting, Business, Math, or Economics preferred or equivalent work experience.

Pay

The Typical Pay Range For This Role Is $43,888.00 - $102,081.00. 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.