Pharmacy Benefits Management (PBM) Underwriting, Senior Analyst

About the role

Join CVS Health, a Fortune 5 company, on our multifaceted Pharmacy Benefits Management (PBM) Underwriting team. In this high-level individual contributor role, you will utilize your business, industry, competitive, client, and technical knowledge to formulate pricing strategy and execute financial modeling of comprehensive pricing offers that include retail network, mail order, specialty, and pharmaceutical manufacturer rebates for PBM client contracts.

Responsibilities

• Model and develop Truecost pricing proposals for Health Plan Clients.
• Collaborate with PBM Sales and Account Services to provide recommendations on pricing and negotiation strategy to achieve revenue and profitability targets for new business growth and margin retention.
• Apply advanced Excel modeling techniques to analyze large sets of pharmacy claims data and build forward-looking financial forecasts and profit and loss (P&L) statements.
• Present financial analyses to Executive Leadership during Executive Underwriting Approval Calls and respond to financial questions in real-time.
• Support Underwriting Managers and Sr. Managers with ad-hoc financial analyses and client implementation projects.
• Communicate client pricing to internal and external partners to support accurate pricing implementation and minimize service warranties and performance guarantee payouts.
• Execute and implement constantly evolving pricing strategies in response to market dynamics to provide competitive, profitable, and attractive pricing offers.

Requirements

• 4 or more years of financial analysis, pricing, or corporate underwriting experience.
• Proficient in Microsoft Excel for complex data analysis.

Qualifications

• Bachelor’s Degree preferably in Finance, Mathematics, Economics, or related field; or equivalent work experience may be considered.
• Master's Degree (preferred).

Preferred Skills

• Basic knowledge of PBM finance.
• Experience managing complex projects over 3-12 months in a matrix environment.
• Ability to interact professionally and foster teamwork and knowledge sharing.
• Advanced Excel modeling skills.
• Strong organizational, multitasking, and follow-up skills.
• Strong presentation and communication skills with experience presenting to various business groups.

Schedule

Full-time, 40 anticipated weekly hours.

Pay

The typical pay range for this role is $46,988.00 - $122,400.00 annually. This position is also eligible for a CVS Health bonus, commission, or short-term incentive program in addition to the base pay range.

Benefits

This full-time position is eligible for a comprehensive benefits package designed to support the physical, emotional, and financial well-being of colleagues and their families, including:

• Medical, dental, and vision coverage.
• Paid time off.
• Retirement savings options.
• Wellness programs and other resources.