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.Manager, Assumptions Governance
Position Summary:
As Manager, Assumptions Governance, you will be responsible for key support functions for CVS Health's PBM assumptions management. This role is critical in ensuring PBM forecasting accuracy by supporting the underwriting and finance forecasting process as well as assisting with other financial processes. Primary responsibilities include understanding, assessing, and implementing financial and utilization assumptions and artifacts; leveraging a combination of data driven insights and market dynamics to validate and vet assumptions; leverage market leading tools for the CFAO & PBM Finance organizations to review and maintain assumptions and artifacts; and communicating to business partners.Additionally, this position will:
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- Manage assumptions across the PBM organization including finance, supply chain and other key areas. Partner with Business resources to gather, refine and evaluate assumptions and artifacts to impact the Underwriting process.
- Foster strong links to the PBM finance team regarding forecasting assumptions, client profitability efforts, and financial governance of underwriting activities.
- Support discussions that are highly complex financially.
- Play a critical role in creating a pricing governance structure to ensure financial objectives and process excellence are both met while meeting challenging deadlines and expectations driven by the marketplace.
- Prioritize effectively and efficiently to meet internal and external customer needs.
- Respond to inquiries involving assumptions to ensure accuracy and precision.
- Support the presentation of information to Executive Leadership. Respond to questions in real-time in support of their review and approval.
- Participate in peer reviews of high complex data requests to validate that modeled data and related analytic deliverables match and satisfy business requirements.
- Assist in ad-hoc analysis.
- 5+ years professional experience process and change management, Financial modeling, financial analysis and/or program management.
- Strong understanding of PBM or healthcare industry
- Experience working within matrix organization collaborating to create meaningful predictive analytics.
- Strong understanding of, or experience with, internal and external facing pricing and analytics teams.
- Ability to innovate, develop, and implement new products or solutions requiring collaboration with internal partners. Demonstrated success developing effective relationships with key internal partners across the enterprise.
- Working knowledge of relational databases and warehouses; SQL, Python or other reporting languages.
- Experience managing complex projects in a matrix environment.
- Ability to summarize complex financial analysis and support recommendations in presentations to Executive Leadership.
- Ability to work independently in a fast-paced environment and manage tight deadlines.
- Proficient in SQL and Microsoft Office.
- Bachelors Degree in a relevant discipline, such as finance, mathematics, business or other related field required or equivalent work experience.
40Time Type
Full timePay Range
The typical pay range for this role is:$54,300.00 - $159,120.00This 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.