Sr Mgr, Pharma Contracting - Trade Relations
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.The Sr Mgr, Pharma Contracting - Trade Relations is responsible for leading and coordinating activities to support the goals of the Zinc Health Services Negotiator Team and leadership related to bid cycles, commercial contracts, and product review processes. Responsibilities include however not limited to reviewing manufacturer proposals, contract redlines, develop product/category review materials, and provide summaries to leadership.This person is an individual contributor. The Trade Relations Negotiator Senior Advisor is expected to be competent with contract language, bid processes, working across multiple business units, demonstrate critical thinking, and present to team members and leadership.Location: Ideally, this role will be located out of Bloomington, MN or Northbrook, IL on a hybrid/remote schedule. However, a remote/work from home arrangement may be considered for a highly qualified candidate.Primary Responsibilities :
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Collaborate with manufacturers and internal partners to ensure compliant bids and support negotiations.
Review bids, understand the impact, and effectively move them through the process for review.
Prepare bid cycle and product review presentation materials.
Present materials to leadership.
Ensure bids are accurately memorialized in contracts, review redlines, and work with manufacturers to finalize language.
Review financial modeling for accuracy and potential formulary changes.
Review contract underwriting for accuracy and financial impact from language and/or rate changes.
Coordinate product reviews with the Zinc Health Services Team and leaders. Build and maintain relationships with internal and external partners.
Prepare manufacturer summaries for leadership Team.
Collaborate with internal partners.Required Qualifications:
7+ years of related work experience
3-5 years of experience in healthcare, managed care, health plans, or PBM
Ability to travel up to 15-20%
Contracting experience
Advanced proficiency with MS Office (Teams, PowerPoint, and Excel)
Demonstrated analytical skills and experience
Preferred Qualifications:
Advanced communication and presentation skills
Adept at collaboration and teamwork
Adept at problem solving
Knowledge of pharmaceutical products and services
Knowledge of pharmacy and medical rebatesEducation:
Bachelors degree or equivalent experiencePay Range
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.
Perks and Benefits
Health and Wellness
- Health Insurance
- Dental Insurance
- Vision Insurance
- Life Insurance
- HSA
- HSA With Employer Contribution
- Pet Insurance
- Mental Health Benefits
Parental Benefits
- Fertility Benefits
- Adoption Assistance Program
- Family Support Resources
Work Flexibility
- Flexible Work Hours
- Remote Work Opportunities
- Hybrid Work Opportunities
Office Life and Perks
Vacation and Time Off
- Paid Vacation
- Paid Holidays
- Personal/Sick Days
Financial and Retirement
- 401(K) With Company Matching
Professional Development
- Tuition Reimbursement
Diversity and Inclusion
- Employee Resource Groups (ERG)
- Diversity, Equity, and Inclusion Program