Bring your heart to CVS Health. Every one of us at CVS Health shares a single, clear purpose: Bringing our heart to every moment of your health. This purpose guides our commitment to deliver enhanced human-centric health care for a rapidly changing world. Anchored in our brand — with heart at its center — our purpose sends a personal message that how we deliver our services is just as important as what we deliver.

Our Heart At Work Behaviors™ support this purpose. We want everyone who works at CVS Health to feel empowered by the role they play in transforming our culture and accelerating our ability to innovate and deliver solutions to make health care more personal, convenient and affordable.

Position Summary

We are looking to hire a Senior Manager to provide financial support to the Private Employer Organization (“PEO”) and Aon Private Exchange (“PEX”) organizations. These business lines are part of the Commercial organization, and represent over $5B in revenue and 900k medical members. As the sole individual contributor you will partner with actuarial, underwriting, account management, sales, product, and other financial functions. Overall this role will be a key partner to the business and oversee the close, forecast/budget, run strategic projects, manage expenses and other ad hoc activities. Specifically this role is responsible for the following activities:

• Oversee the monthly close process, including reporting on membership, premiums, benefit costs, SG&A (direct and allocated), risk adjuster and provide commentary for senior leadership on material drivers. Presents to the PEO/PEX leadership teams and assist Commercial FP&A with understanding of results.

• Assist with the development of financial budgets and forecasts. Use analytics to help support forecasting assumptions. Partner with actuarial on fully insured results, including risk adjustment projections. Full ownership of self-insured fee projections and all membership drivers.

• Support a culture of cost management excellence through ongoing reviews of direct cost center expenses and ongoing review of allocated expenses to the business units. Review Direct SG&A with the PEO leadership.

• Lead ad hoc projects, including development of business cases for capital requests or business plans.

Required Qualifications

• 6-8 years of relevant financial experience

• Financial planning or forecasting experience

• Advanced financial reporting skills and ability to design action driven financial reports

• Analytical capability to identify issues and develop creative solutions

• Communicate clearly and present appropriate level of information to senior leaders

Preferred Qualifications

• Healthcare or managed care experience

• Development of plans and identification of risks and opportunities

• Fully insured trend analysis and driver identification

• Fully insured pricing support

Education

• Bachelor’s Degree in accounting or finance

Pay Range

The typical pay range for this role is:

$82,940.00 - $182,549.40

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.

In addition to your compensation, enjoy the rewards of an organization that puts our heart into caring for our colleagues and our communities. The Company offers a full range of medical, dental, and vision benefits. Eligible employees may enroll in the Company’s 401(k) retirement savings plan, and an Employee Stock Purchase Plan is also available for eligible employees. The Company provides a fully-paid term life insurance plan to eligible employees, and short-term and long term disability benefits. CVS Health also offers numerous well-being programs, education assistance, free development courses, a CVS store discount, and discount programs with participating partners. As for time off, Company employees enjoy Paid Time Off (“PTO”) or vacation pay, as well as paid holidays throughout the calendar year. Number of paid holidays, sick time and other time off are provided consistent with relevant state law and Company policies.

For more detailed information on available benefits, please visit Benefits | CVS Health (https://jobs.cvshealth.com/us/en/benefits)

We anticipate the application window for this opening will close on: 11/25/2024

Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.

We are an equal opportunity and affirmative action employer. We do not discriminate in recruiting, hiring, promotion, or any other personnel action based on race, ethnicity, color, national origin, sex/gender, sexual orientation, gender identity or expression, religion, age, disability, protected veteran status, or any other characteristic protected by applicable federal, state, or local law.