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.We are looking for a strategic and results-driven Senior Manager, IT Finance - Vendor Management to lead financial oversight and optimization of our IT vendor portfolio. This role will be instrumental in driving cost efficiency, contract performance, and financial transparency across technology investments. The ideal candidate combines deep financial acumen, contract evaluation expertise, and the ability to influence stakeholders across IT, Procurement, and Finance.Responsibilities include:
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- Lead end-to-end financial oversight of IT vendor relationships, including cost modeling, risk assessment, and ROI analysis
- Develop and maintain sophisticated Excel-based financial models to support forecasting, scenario planning, and vendor negotiations
- Analyze complex contract structures to ensure alignment with financial objectives, performance commitments, and compliance standards
- Serve as a key financial advisor to IT and business leaders, translating complex financial models into clear business insights
- Partner with Procurement and IT teams to identify opportunities for cost savings, service consolidation, and contract optimization
- Own and continuously improve vendor-related financial reporting, dashboards, and KPIs
- Lead quarterly business reviews and present findings to senior leadership, highlighting spend trends, budget performance, and risk exposure
- Mentor junior finance team members and foster a culture of analytical rigor and proactive problem-solving
- 7+ years of progressive experience in Finance, with at least 3 years in IT Finance or Vendor Management
- 7+ years of proven expertise in Excel-based financial modeling, contract analysis, and scenario planning
- Deep understanding of IT contracts, software licensing, cloud service pricing, and vendor performance metrics
- Strong leadership and communication skills, with the ability to influence non-finance stakeholders and articulate financial concepts clearly
- Demonstrated ability to manage multiple priorities in a fast-paced, cross-functional environment
- Experience with financial tools (e.g., SAP and Apptio) and reporting platforms (e.g., Power BI, Tableau)
Bachelor's degree in Finance, Accounting, or a related field or equivalent (HS Diploma and 4 years of experience) required
Master's or MBA is a plusPay Range
The typical pay range for this role is:$75,400.00 - $182,549.00
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.