What are the responsibilities and job description for the Business Analytics - Senior Analyst position at 7505 Caremark, L.L.C.?
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
As a Senior Analyst in the Specialty Contract Management group, you will help grow the financial performance of our specialty business by reporting and forecasting financials for Specialty drug pricing guarantee management, negative margin management as well as client contract compliance. In this role you will also be responsible to consult with other areas in the company and act as a subject matter expert in areas related to Specialty, as well as working with Network team, Account Team, Underwriting, Legal, New Product team and others.
Primary responsibilities include:
- Review performance results, drug mix and utilization to identify opportunities to mitigate financial risk to the organization on a monthly basis.
- Review contract terms, coupled with financial results to provide recommendations to legal, underwriting and the account teams for more favorable contract terms.
- Collaborate with underwriting, finance and accounting partners to understand and improve gaps and overlaps in processes and gain further understanding of the multiple components and factors that impact a client’s financial performance.
- Perform lookback analysis to review underwriting assumptions to actual results in an effort to provide future recommendations to senior leadership.
- Manage client performance through MAC and brand price changes to mitigate margin loss or to support other company pricing initiatives.
- Create Performance Reports for Specialty clients and provide feedback for client consultants inquiries.
- Responsible for initial client audits and follow-up audit inquiries.
- Run SAS code to pull data for ad-hoc requests.
The successful candidate will have analytical, programming, and interpersonal skills, attention to detail, be able to manage both long- and short- term projects and assignments effectively, and work collaboratively in inter-departmental settings to accomplish tasks and goals. You will have the opportunity to develop reporting packages and presentations to management, create best-practices, and draw conclusions from the information to provide input to critical business decisions. Key interactions are with Underwriting, Networks, Sales/Account Management, Finance, Accounting, Audit and Legal.
Required Qualifications
- 3 years of experience with creating financial models and working with large data sets in a database environment
- 3 years of experience managing multiple projects and delivering results timely
- 2 years of SQL/Google Cloud Big Query
- Must be proficient in excel
Preferred Qualifications
- Knowledge of health insurance, managed care, or pharmaceutical industry preferred
- 2 PBM experience, preferably in drug pricing and analytics
Education
- Bachelor's Degree or equivalent work experience required
Pay Range
The typical pay range for this role is:
$46,988.00 - $112,200.00This 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.
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 jobs.CVSHealth.com/benefits
Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.
Salary : $46,988 - $112,200
