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 Divisional Merchandise Manager (DMM) is responsible for fully managing assigned portfolios, the respective P&L's and a team of highly motivated colleagues within the general merchandise & consumables business unit. The DMM has full responsibility for setting the strategic direction for their portfolios, attaining budgeted sales, budgeted margin, market share growth, and developing high performing teams. Overall, the DMM is responsible for achieving the Merchandising objectives as they relate to the CVS Strategic plan.Responsibilities:Strategic Planning
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- Develops growth strategies for portfolios and oversee the development of BU/Category strategies, rooted in a deep understanding of the customer and competitive trends.
- Fosters innovation by bringing ideas to market quickly while balancing growth potential against financial risk
- Sets and ensures execution of the Business Unit & total Front Store strategic vision in collaboration with other Business Unit leadership for evolving our business to meet our Health and Wellness objectives
- Delivers sales and margin goals in assigned portfolios by attaining market share & customer growth.
- Manages all profit, loss, customer and balance sheet targets to include but not limited to: sales, contribution margin, NPS/OSAT, inventory turns, GMROI and DOS.
- Accountable for management and financial results of the following businesses: General Merchandise. Business areas are subject to changes based on needs of the business.
- Creates strong foundational relationships with key stakeholders
- Influences with, and without, authority leveraging those key relationships as a foundation
- Regularly collaborates with peers, and cross-functional partners, to ensure the optimal solutions are being determined for the brand and the success of the strategic vision for CVS customers, colleagues and business
- Demonstrates a growth mindset when new ideas are proposed by the team or cross-functional partners
- Drives the collective CVS Health strategic priorities via general merchandise businesses
- Demonstrates poise and resilience in broader meetings where ideas are met with strong objections
- Leadership: Providing guidance, direction, and support to teams and departments to ensure smooth operations and optimal performance.
- Responsible for leadership development, succession planning, and driving engagement programs for the teams you oversee. Ensure development and mentorship of next generation of leadership talent.
- Creates a culture centered on inclusion and well-being will be a key responsibility in this role. Caring for our colleagues is a top priority, which translates to caring for our customers.
- Develops internal and external networks that support a pipeline of talent into day-to-day operations and governance team.
- Promotes a high-performance culture by clearly setting goals and expectations.
- Acts as a trusted coach and mentor for team to develop and support IDPs for high potential talent.
- Leverages existing enterprise tools, such as talent profiles and enterprise development programs, to develop talent.
- 15+ years' experience working as a successful Category Manager in a Fortune 5 company (experience in retail merchandising, management consulting, private equity, or a combination of the three, a plus)
- 15+ years of demonstrated successful leadership experience in a highly competitive multi-unit environment. Relevant sectors include retail, healthcare, and pharmaceuticals.
- 15+ years' proven track record of influencing others with and without authority
- 15+ years' experience building high-performing, successful teams developing key talent preferrable in a professional retail environment. Demonstrated passion for bringing new leaders along and helping them realize their ability to impact the business.
- 15+ years' experience actively taking on issues in a decisive manner, while keeping broader organizational dynamics in mind and empowering your leaders to obtain results through building behaviors.
- 15+ years' experience leading under pressure, adapting to changing dynamics in real time, and finding solutions that satisfy multiple 'customers' of the business.
- 15+ years' experience understanding and breaking down highly complex situations to deliver impactful solutions in real time.
- 15+ years' experience effectively demonstrating excellent verbal and written communication skills, very strong interpersonal and presentation skills.
- 15+ years' experience collaborating effectively across different business functions, different perspectives, and different styles of leadership.
- 15+ years' experience demonstrated ability to lead a large organization and manage a multi-million-dollar business unit to achieve financial and business results.
- 15+ years ' experience presenting a strong narrative to C-Suite leaders
- 15+ years' experience leveraging strong analytical skills to help drive business decisions
- Must be a self-starter and require little direction
- Expertise leveraging MS Office Suite, including advanced Excel and PowerPoint capabilities.
- Ability to think about the impact of decisions on the broader enterprise.
- Consistently demonstrates strong executive presence.
- Consistent record of exceptional customer service skills in increasing larger scopes of responsibility.
- Deep understanding of Merchandising at CVS, or in other like external business models
- Demonstrated track record of high performance.
- Any additional tasks as required by manager or supervisor.
- Bachelor's degree, or equivalent experience
- Regular and reliable attendance
- Travel- Ability, and willingness, to travel regularly, 15% of time, based on needs of the business.
- Experience working for a Fortune 20 company or working in retail field, or in our retail pharmacy company.
- Consulting experience preferred.
- Experience working as a strong merchant, managing a P&L strongly preferred.
- Advanced degree preferred.
- Bachelor's degree required
- Master's degree preferred
The typical pay range for this role is:$131,500.00 - $303,195.00
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. This position also includes an award target in the company's equity award program.Our people fuel our future. Our teams reflect the customers, patients, members and communities we serve and we are committed to fostering a workplace where every colleague feels valued and that they belong.Great benefits for great peopleWe take pride in our comprehensive and competitive mix of pay and benefits - investing in the physical, emotional and financial wellness of our colleagues and their families to help them be the healthiest they can be. In addition to our competitive wages, our great benefits include:
- Affordable medical plan options, a 401(k) plan (including matching company contributions), and an employee stock purchase plan.
- No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching.
- Benefit solutions that address the different needs and preferences of our colleagues including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility.