Senior Manager, FP&A Medicare/Medicaid Drug Revenue

About the role

We’re building a world of health around every individual—shaping a more connected, convenient, and compassionate health experience. At CVS Health®, you’ll lead the financial planning and performance management of Medicare and Medicaid drug revenue and volume within our Pharmacy Services business. Reporting to the Director, FP&A Medicare/Medicaid Network Performance, you will manage a team of two Senior Analysts and drive multi-year strategic plans, annual budgets, forecasts, and the monthly close process, including weekly performance updates for Non-Medicare Revenue. As the primary financial subject-matter expert for Medicare and Medicaid drug revenue trends, you will partner with Network Pricing, Underwriting, Enterprise Economics, and other cross-functional teams to analyze and explain volume, price, and mix dynamics. The role delivers clear, insightful variance analysis and actionable commentary to senior leadership, ensuring Medicare and Medicaid network revenue is accurately reflected across the full Network P&L.

Responsibilities

• Lead the development of multi-year strategic plans, annual budgets, and forecasts for Medicare and Medicaid drug revenue.
• Oversee the monthly close process, including weekly performance updates for Non-Medicare Revenue.
• Serve as the primary financial subject-matter expert on Medicare and Medicaid drug revenue trends.
• Partner with Network Pricing, Underwriting, Enterprise Economics, and other cross-functional teams to analyze volume, price, and mix dynamics.
• Deliver clear, insightful variance analysis and actionable commentary to senior leadership.
• Ensure Medicare and Medicaid network revenue is accurately reflected across the full Network P&L.
• Manage and develop a team of two Senior Analysts.

Requirements

• 7 years of relevant overall work experience.
• 3 years of experience in financial planning, budgeting, and forecasting, preferably in managed care, PBM, or government-sponsored health program environments.
• 1 year of people leadership experience with the ability to manage and develop a team of 4+ analysts.
• Bachelor’s Degree; equivalent years of related professional work experience may substitute (4 years).

Preferred Qualifications

• Advanced financial planning, budgeting, and forecasting in a managed care, PBM, or government-sponsored health program environment.
• Deep knowledge of Medicare and Medicaid drug benefit structures, pricing dynamics, and regulatory impacts on pharmacy revenue.
• Strong analytical and modeling skills; proficiency in Excel, Tableau, and financial planning tools.
• Effective written and verbal communication skills; ability to translate complex financial data into clear executive-ready narratives.
• Collaborative team player with experience partnering across Pricing, Actuarial, and Business functions.
• Strong understanding of commercial pharmacy revenue drivers including volume, price, mix, and client contractual structures.
• Cross-functional collaboration experience with Pricing, Business Development, and Client Management teams.

Pay

The typical pay range for this role is $82,940.00 - $182,549.00. This range represents the base annual full-time salary for positions in the job grade. The actual base salary offer will depend on factors including experience, education, geography, and other relevant considerations. This position is also eligible for a CVS Health bonus, commission, or short-term incentive program in addition to the base pay range, as well as an award target in the company’s equity award program.

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.