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.SUMMARY
The Rebate Reconciliation Analyst position will primarily be engaged in rebate reconciliation activities, payment analysis, dispute resolution, reserve analysis and other related financial analyses.This includes working closely with internal partners such as Trade Relations / Legal / Accounting and external partners such as Pharmaceutical ManufacturersThe successful candidate will possess the following skills:
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- Excellent problem solving skills.
- Detail oriented and proven analytical skills are necessary with the ability to organize and prioritize workloads and meet strict deadlines.
- Ability to handle basic to intermediate data manipulation and analysis
- Excellent written and oral communication skills are essential as this position interfaces with various levels within the organization as well as with our external pharmaceutical company counterparts.As a member of the team, you will help drive value for our clients by reducing their overall drug spend. Our organization is focused on making quality care more affordable, accessible, simple, and seamless. Together, we are committed to helping people on their path to better health.Job Duties
- Review and comprehend all contract terms applicable to the Reconciliation function
- Track and apply payments due from pharmaceutical manufacturers
- Identify any late payments and request late fee billing as required by contract
- Manipulate and Analyze payment data from pharmaceutical manufacturers
- Reconcile payment data received with Invoiced amount to identify all items disputed by pharmaceutical manufacturers
- Analyze and research all variances and disputed items and determine whether to accept or reject disputes
- Communicate with pharmaceutical manufacturers regarding variances and disputes
- Update internal dispute tracking data file on a monthly basis
- Perform analysis of required reserves on a monthly basis
- Investigate and respond to questions/inquiries regarding the status of open balances
- Ability to handle basic to intermediate data manipulation and analysis
- 6 Months + years financial or analytical experience.
- Intermediate level Excel Skills including 6 Months + years' experience
- Experience working in a dynamic, fast-paced environment.
- Experience with contract administration, financial and / or data analysis, data-mining, cash reconciliations, and complex processes is beneficial.
- PBM or pharmaceutical manufacturer experience and knowledge of pharmaceutical products preferred.
- Contract interpretation experience is preferred
Bachelor's Degree in Finance, Accounting, Business, Math, or Economics preferred or equivalent work experience. Anticipated Weekly Hours
40Time Type
Full timePay Range
The typical pay range for this role is:$43,888.00 - $93,574.00This 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.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.