Finance Profit Recovery Director

  • Company: CVS Health
  • Location: Cumberland, Rhode Island
  • Posted: November 15, 2017
  • Reference ID: 722353BR
Position Summary:
The Finance Profit Recovery Director is responsible for Recovery audits related to the merchandising promotional income stream, A/P transactions, contract compliance audits on goods and services for resale and not for resale, store DSD credits and misc.corporate audits. Debit balance collections/management are also included in this responsibility. This position manages 3 outside audit firms that perform secondary audits to recover additional monies due CVS at a negotiated contingency rate. Direction from this position is essential to meet budgetary goals and reduce exposure to losses. We have a technical resource area that supports all IS needs to operate the department effectively. This position also supports the financial process for our environmental program as it relates to Store/DC waste(product cost and fee income). This position is responsible for Budgets/Forecasts/Reserve assessments for all P&L/Balance Sheet areas related to these responsibilities.

The successful candidate will possess the following:

1. Thorough knowledge of promotional income streams and contracts which are required to defend CVS position on chargebacks/overbillings
2. Audit background to facilitate mdse./expense recovery, contract compliance audits, misc. audits
3. Thorough knowledge of “supplier policies” related to RX/FS returns, merchandising, profit recovery
4. Strong negotiation skills
5. Analytical skills to identify opportunities and strive forward with solutions

Required Qualifications:
- Minimum of 5 years of Finance and or Accounting experience within a large corporation
- Prior management experience

Preferred Qualifications:
- Prior audit experience preferred
- MBA preferred

Bachelors degree in Business, Finance, Accounting or related field required.

Business Overview:
CVS Health, through our unmatched breadth of service offerings, is transforming the delivery of health care services in the U.S. We are an innovative, fast-growing company guided by values that focus on teamwork, integrity and respect for our colleagues and customers. What are we looking for in our colleagues? We seek fresh ideas, new perspectives, a diversity of experiences, and a dedication to service that will help us better meet the needs of the many people and businesses that rely on us each day. As the nation’s largest pharmacy health care provider, we offer a wide range of exciting and fulfilling career opportunities across our three business units – MinuteClinic, pharmacy benefit management (PBM) and retail pharmacy. Our energetic and service-oriented colleagues work hard every day to make a positive difference in the lives of our customers.

CVS Health is an equal opportunity employer. We do not discriminate in hiring or employment against any individual on the basis of race, ethnicity, ancestry, color, religion, sex/gender (including pregnancy), national origin, sexual orientation, gender identity or expression, physical or mental disability, medical condition, age, veteran status, military status, marital status, genetic information, citizenship status, unemployment status, political affiliation, or on any other basis or characteristic prohibited by applicable federal, state or local law. CVS Health will consider qualified job candidates with criminal histories in a manner consistent with federal, state and local laws. CVS Health will not discharge or in any other manner discriminate against any Colleague or applicant for employment because such Colleague or applicant has inquired about, discussed, or disclosed the compensation of the Colleague or applicant or another Colleague or applicant. Furthermore, we comply with the laws and regulations set forth in the following EEO is the Law Poster: EEO IS THE LAW and EEO IS THE LAW SUPPLEMENT

Federal law requires employers to provide reasonable accommodation to qualified individuals with disabilities. If you require assistance to apply for this job, please contact us by clicking EEO AA CVS Health

CVS Health does not require nor expect that applicants disclose their compensation history during the application, interview, and hiring process.

For inquiries related to the application process or technical issues please contact the Kenexa Helpdesk at 1-855-338-5609. For technical issues with the Virtual Job Tryout assessment, contact the Shaker Help Desk at 1-877-987-5352. Please note that we only accept resumes via our corporate website:

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