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
This role is part of the Controls, Allocation and Planning (CAP) Team for Commercial Federal Medical Loss Ratio (MLR) financial reporting. The focus of this role is on allocating of SG&A expenses, maintaining project plans, and keeping internal control documentation and testing plans up to date. This role requires project management, technical, and analytical skills, as well as a solid understanding of internal controls.Note: This leader will sit in the Hartford office and work a hybrid schedule.
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- Perform activities necessary to ensure a complete and accurate MLR (Medical Loss Ratio) filing, including gathering, analyzing, and validating data from various financial sources.
- Take leadership role on projects to meet filing deadlines and internal goals, with minimal supervision.
- Work cross-functionally with internal Finance partners and support information requests from external business partners. Includes work with the Commissions, Premium Tax and Reinsurance teams to ensure the accuracy of data reported in the MLR filings.
- Review expense narratives included in the HHS filing.
- Research topics that impact the MLR filings.
- Complete data reconciliations.
- Support audit requests by gathering detailed data, and process and control documents from supporting files.
- Participate in the execution, enhancement and monitoring of internal controls.
- Eager to learn and evaluate existing tools, assess customer feedback and perform continuous process improvement activities.
- 7 or more years of relevant experience
- Strong project management, organizational, and communication skills required
- Experience with financial systems - Hyperion, Oracle, S4
- Strong attention to detail and analytical skills
- Strong technical skills related to MS Access and Excel required
- Statutory Reporting and expense allocation experience a plus
- Experience in accounting, finance or relevant positions desired
- Prior experience leading a project team
The typical pay range for this role is:$82,940.00 - $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.