Company context: CVS Health is a pharmacy innovation company that is reinventing pharmacy for better health and continuously developing new ways to improve access for patients, promote better health outcomes and control payor costs in a way that no pharmacy retailer or PBM could do separately. With the 2007 merger of CVS Corporation and Caremark Rx, Inc., CVS Health became an integrated provider of prescriptions and related health services with an unmatched breadth of capabilities. Today they are the market leader in multiple categories and able to provide payors and patients with solutions that no pharmacy retailer or pharmacy benefits manager on its own could offer. For this reason, CVS Health is in a “category of one,” uniquely positioned to help people on their path to better health, by providing end-to-end solutions that impact everything from pharmacy plan design to the ultimate delivery of products and services to customers. CVS Health’s capabilities include industry-leading clinical and health management programs, specialty pharmacy expertise, leadership in retail clinics, customer service excellence, and our deep knowledge of the consumer gained through the more than five million people we serve every day, seven days a week.
Context for this position: The Funding Management Analyst is responsible for the management of all front store merchandising vendor funding activities and analysis, as well as analytical support for all lines on the category P&L and other category related financial impacts. The role will also be responsible for ADHOC analytical support to generate and interpret financial and business specific analysis as well as creating forecasts and communicating variances to business owners and senior management.
The analyst will use analysis of supplier allowance funding trends and forecasts to identify risks and opportunities which may impact category profitability.
Primary Roles and Responsibilities:
·Analyze and enhance funding capture through performing opportunity audits, analyzing funding rate declines, identifying funding mix shifts, and advising Category Management on opportunities to maintain or improve overall funding capture and rate, thereby optimizing profitability,
·Support Category Management by providing and interpreting various financial and business specific analysis and forecasts,with a specific focus on Supplier Allowances,
·Engage cross-functionally across the organization to drive results and resolve issues encountered by the team including the ability to assess and course-correct as necessary
·Articulate conclusions and recommendations to the leadership team and category management.
·Develop analytical materials and prepare material and presentations in a way that can be easily understood by others who may not have the same background or expertise.
·Partner closely with business owners to breakdown business questions, design analysis and determine required data
·Enhance and enforce documentation, archiving,and audit processes for agreements with vendors.
·Assist in the development of annual plans and budgets for vendor funding, working with the leadership team.
·Work on special projects, ad hoc analysis, and initiatives
#analytictalent Required Qualifications: Bachelors Degree in a related field. (Finance, Economics, analytics, Mathematics, and/or other quantitative degrees)
Experience with Microsoft Office software (Word, Excel) Preferred Qualifications:Outstanding analytical and problem solving skills
Ability to conceptualize complex quantitative analysis and build analytical models using Microsoft Excel (or if limited experience – quickly learn to be an expert in Excel)
Ability to communicate to management & key stakeholders with poise and credibility
Ability to communicate effectively and succinctly, both verbally and in writing via Microsoft PowerPoint
Ability to manage and prioritize multiple assignments and meet tight deadlines
Ability to develop effective working relationships with Finance & other stakeholders
Ability to work independently and adapt to changing work priorities
An open and honest communication style that quickly builds trust and respect
Advanced Excel modeling, Access, and/or SQL programming skills
Education:Bachelor Degree in Business Administration, Finance, Math or Economics or its equivalent. (Masters or MBA will be a plus) 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 AA EEO CVS Health
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: https://jobs.cvshealth.com/