Manager, Enterprise Procurement – Subcontractor Compliance & Risk

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
 

As a Manager within the Enterprise Procurement Subcontractor Compliance & Risk department, you will play a pivotal role in supporting the CVS Health Pharmacy Benefit Management (PBM) business unit. You will be entrusted with implementing critical safeguards and overseeing third-party vendor relationships to ensure rigorous adherence to contractual flow-down requirements, as well as PBM client-specific contract obligations. Success in this role demands exceptional organizational acumen and the ability to deftly manage multiple priorities and a high volume of complex contractual negotiations simultaneously. You will serve as a key representative of Enterprise Procurement on cross-functional project teams reporting to senior leadership, facilitating enterprise-wide compliance initiatives—both contractual and operational. Flexibility, collaboration, and a solutions-oriented mindset are essential as you work to achieve outcomes that advance the interests of the enterprise, our clients, and our partners. Key Responsibilities include, but are not limited to:

• Drafting, preparing, and reviewing contract documents in strict accordance with company policies and procedures, with a focus on minimizing risk and maximizing value.
• Leading targeted aspects of third-party supplier contract negotiations, including regulatory flow-down provisions and PBM client-mandated terms, to ensure robust risk mitigation and enterprise value.
• Analyzing Medicaid requirements, special provisions, and terms and conditions to guarantee the appropriate flow-down of obligations to managed vendors.
• Collaborating with a diverse pool of managed vendors to maintain compliance with all relevant laws, regulations, corporate policies, business unit procedures, and client requirements.
• Partnering with CVS Health business owners and program end-users to identify and manage third-party vendors integral to PBM product offerings.
• Negotiating and memorializing critical flow-down provisions and specific terms and conditions with each vendor.
• Engaging with CVS subject matter experts to ensure vendor compliance with all CVS Health requirements and providing regular updates to key stakeholders.
• Supporting PBM Account Management, PBM Legal, and PBM Proposal teams in the development of RFP requests by supplying necessary compliance documentation and responses.
• Collaborating with PBM Legal to update and renegotiate flow-down provisions as needed.
• Acting as the primary point of contact between legal, finance, senior leadership, business teams, and vendors regarding the status and resolution of performance issues and disputes.
• Serving as the subject matter expert for third-party vendor subcontractor-related inquiries, including marketplace RFP exercises and client account management.
• Reviewing client contracts pre-award to assess compliance and identify potential risks or red flags.
• Acting as the initial liaison with business units to ensure compliance with established policies.
• Creating and distributing vendor reports to clients as required.
• Representing Enterprise Procurement and CVS Health with professionalism in all interactions with internal customers, vendors, and external partners.
• Modeling exemplary conduct for the department, mentoring and guiding staff, and providing corrective action when necessary.

Skills for Success:

• Proven ability to prioritize and manage multiple tasks and a high volume of contractual negotiations concurrently.
• Demonstrated flexibility and collaborative spirit to achieve optimal outcomes.

Required Qualifications

• Minimum of 5 years of professional experience in a corporate environment, with a focus on vendor management, compliance and risk, or contract negotiation.

Education

Bachelor's degree or equivalent experience ( 4 years)

Anticipated Weekly Hours

40

Time Type

Full time

Pay Range

The typical pay range for this role is:

$66,330.00 - $145,860.00

This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within w