Senior Manager, Custom Formulary Consultants

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 Senior Manager, Custom Formulary Consultants (CFC) role on the CFC team is a highly visible role responsible for driving strategies to minimize client drug spend. You will be expected to analyze, research, write and edit custom presentations that provide clients with strategic insights around their drug trend. You will work with multiple customer market segments (i.e., Commercial, Managed Medicaid, Med D, Exchange formularies). This role is not solely client facing. There will be heavy emphasis on analytics and other business functions related to overall client financial performance.The CFC team, which is a key market differentiator that enables us to win business while insuring we meet our client rebate contract guarantees, services our custom formulary clients. CFC consultants leverage financial and clinical acumen to assist clients with custom formulary decisions. The individuals on this team thoroughly understand rebate guarantees, pharmaceutical manufacturer rebate agreements, rebate invoicing, rebate reporting, analyze rebate and drug utilization reports to understand trends, and provide clients with recommendations on formulary and utilization management strategies.You will establish relationships both internally and externally, and articulate potential management strategies with a deep understanding of the rebate contracts that support them. You will assist CVS Health and work directly with clients to meet financial management goals, including client rebate guarantees. This is an outstanding opportunity with exposure to high-profile clients and senior executives; and a chance to create strong partnerships. Among your specific responsibilities are:

• Assisting with strategic initiatives, including working in a cross functional team environment on multiple projects at a time and handling needs from the trade relations organization.
• Understanding of trade rebate contracts and the opportunities created for clients based on their own unique characteristics
• Modeling and scenario analysis for all Trade Relations therapeutic areas; understanding and anticipating benefit design evolution and potential impact on financials.
• Working within the Trade Relations department to educate external clients persuasively and effectively about potential issues and opportunities.
• Directing the creation and execution of optimal client presentation strategies and processes for target markets (i.e., Commercial, Medicare, etc.).
• Executing quantitative and qualitative research to develop and test value proposition scenarios and messages.

• Strong presentation and public speaking skills.
• Effective communicator; verbal and written.

• 8+ years of professional work experience within the PBM, Managed Care, Pharmaceutical or Insurance arenas.
• Experience establishing relationships with key internal stakeholders to navigate and help execute strategies.
• Experience working with cross-functional teams and/or projects.
• Experience in managing multiple competing priorities.
• Able to travel up to 10% of the time.

• 5-8 years of experience with pharmacy benefit management, health plans, rebates, drug spend and/or formulary strategies.
• 2-3 years of trade experience.
• Reporting and analytics experience.
• Experience with analytics tools such as Excel and SQL.
• Financial acumen.
• Consultant experience.

• Bachelor's Degree required.
• MBA preferred.

• 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.