Introduction to CVS Health
At CVS Health, we are driven by a single, clear purpose: Bringing our heart to every moment of your health. This purpose guides our commitment to deliver enhanced human-centric health care for a rapidly changing world. As a Fortune 5 company, we are dedicated to transforming the way healthcare is delivered, making it more personal, convenient, and affordable. Our Heart At Work Behaviors support this purpose, empowering every employee to feel valued and play a vital role in shaping our culture and driving innovation.
Job Overview
We are seeking an experienced and results-driven Senior Manager, Underwriting to join our multifaceted Underwriting team. As a key member of our team, you will utilize your business, industry, competitive, client, and technical knowledge to formulate pricing strategy and execute financial modeling of comprehensive pricing offers. This is a fully remote role, offering you the flexibility to work from anywhere and providing a competitive salary and attractive benefits package.
Key Responsibilities
- Collaborate with PBM Sales and Account Services to provide recommendations on pricing and negotiation strategy to achieve revenue and profitability targets for net new business client growth and margin retention
- Develop and maintain domain expertise across levers of PBM and Enterprise profitability, including retail networks, enterprise dispensing, specialty drugs, pharmaceutical manufacturer rebates, MAC pricing, and our product/service offerings
- Present to Executive Leadership during Executive Underwriting Approval Calls and respond to questions in real-time in support of Executive review and approval
- Review and complete financial sections of Requests for Proposals (RFPs) to define and approve scope of PBM client support and to forecast accurate cost assumptions into client pricing offers
- Identify impacts of legislative PBM decisions on client contracts and lead, coach, and develop a team of 3-4 individual contributors
- Conduct ongoing budget reviews and client strategy management, as well as ongoing audit and financial inquiries
Essential Qualifications
To be successful in this role, you will need:
- 7+ years of related professional experience, with at least 4 years of financial analysis, pricing, or underwriting experience
- 3 or more years of experience in the healthcare industry
- A Bachelor's Degree, with a preferred degree in Finance or Business
- Highly proficient in working with large data sets and ability to review and analyze complex financials
- Excellent verbal and written communications skills, and interpersonal skills
- Demonstrated experience using business analytics to problem-solve data-driven questions and ability to communicate complex analytic findings and conclusions in an easy-to-understand way
Preferred Qualifications
While not required, the following qualifications are preferred:
- 2+ years of experience with PBM or Specialty Pharmacy/Home Infusion industry
- Previous contract experience, RFP, or capture experience
- Masters degree
Skills and Competencies
To excel in this role, you will need to possess:
- Strong analytical and problem-solving skills, with the ability to extract, manipulate, and analyze Big Data
- Aptitude to communicate complex analytic findings and conclusions in an easy-to-understand way
- Ability to collaborate with and influence clients and customers to develop analytic models, methodologies, and reports that support CVS Caremark products and services
- Ability to appropriately prioritize competing client requests to ensure focus on highest impact activities
- Ability to interact with others in a collegial and professional manner, leveraging team resources to support assigned clients and helping to foster teamwork and knowledge sharing to complete key tasks
Career Growth Opportunities and Learning Benefits
At CVS Health, we are committed to helping our employees grow and develop in their careers. As a Senior Manager, Underwriting, you will have access to a range of learning and development opportunities, including:
- Professional development courses and training programs
- Mentorship and coaching from experienced leaders
- Opportunities to take on new challenges and responsibilities
- Award-winning recognition programs
Work Environment and Company Culture
Our company culture is built on a foundation of values that include:
- Heart: We put our heart into everything we do, from the way we care for our patients to the way we support our colleagues
- Teamwork: We believe that together, we can achieve great things
- Integrity: We operate with integrity, transparency, and honesty in all our interactions
- Innovation: We are committed to innovation and continuous improvement, always looking for new and better ways to deliver healthcare
Compensation, Perks, and Benefits
In addition to a competitive salary, we offer a range of benefits, including:
- Medical, dental, and vision benefits
- 401(k) retirement savings plan
- Employee Stock Purchase Plan
- Term life insurance plan
- Short-term and long-term disability benefits
- Well-being programs and education assistance
- CVS store discount and discount programs with participating partners
- Paid Time Off (PTO) or vacation pay, as well as paid holidays throughout the calendar year
Conclusion
If you are a motivated and analytical leader with a passion for healthcare, we encourage you to apply for this exciting opportunity. As a Senior Manager, Underwriting, you will play a critical role in shaping the future of healthcare and making a positive impact on the lives of our patients. Don't miss out on this chance to join our team and take your career to the next level. Apply today!
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