Senior Analyst, Financial Operations

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.

Position Summary

The Cash/Reconciliation Senior Analyst position will primarily be engaged in activities related to the tracking and guided resolution of disputes on manufacturer rebate invoices. This includes working closely with internal partners outside of Operations, such as Trade Relations / Legal / Accounting and external partners such as Pharmaceutical Manufacturers.

With disputes being the focus, this position will also provide periodic backup support to the Rebate Cash Team responsible for providing analytical insight on rebate payments, outstanding amounts, distributions, and reconciliation activities.

The successful candidate will possess the following skills:

- Excellent problem-solving and organizational skills.

- Ability to prioritize workloads and meet strict deadlines.

- Ability to handle complex data manipulation and analysis with large datasets.

- Dedication to a recurring monthly presentation cycle, preparing agendas in advance to maximize engagement.

- Excellent written and oral communication skills are essential as this position interfaces with various levels within the organization as well as with our external pharmaceutical company counterparts.

As a member of the team, you will help drive value for our clients by reducing their overall drug spend. Our organization is focused on making quality care more affordable, accessible, simple, and seamless. Together, we are committed to helping people on their path to better health.

JOB DESCRIPTION

• Guide Reconciliation team members in appropriately tagging/logging rebate dispute information
• Manipulate and analyze dispute data to identify trends in aging and resolution
• Provide ad hoc analysis to address internal inquiries
• Facilitate the escalation of disputes to Trade Relations and/or Legal
• Host recurring meetings to facilitate action plans across various teams to accelerate dispute resolutions
• Participate in the drafting of official communications to pharmaceutical manufacturers where necessary
• Curate high-level reporting for executive leaders on largest disputes and latest updates
• Contribute to process improvement and modernization
• Validate end-to-end processing of financial transactions to ensure system alignment.
• Administer and track late fee invoices and subsequent communications to ensure prompt payment within contract terms.
• Distribute cyclical reporting to senior leadership, including but not limited to payment timeline forecasts, daily distribution activity and collection actuals against FP&A forecasting.

Required Qualifications

• At least 3 years of financial or analytical experience
• At least 3 years of Microsoft Excel experience (must know how to do formulas, VLOOKUPS, and pivot tables).

Preferred Qualifications

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

Education

• Bachelor’s Degree in Finance, Accounting, Business, Math, or Economics preferred (or equivalent work experience).

Anticipated Weekly Hours

40

Time Type

Full time

Pay Range

The typical pay range for this role is:

$46,988.00 - $122,400.00

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. 
 

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