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
CVS Health is looking for a PBM expert to lead projects and develop strategic recommendations across a matrix of enterprise-wide stakeholders. The Enterprise Pricing team is tasked with developing and executing on our initiatives to optimize enterprise profitability across CVS Health and its various business units. The Exec Director of Enterprise Economics (PBM) will oversee and lead critical projects to drive enterprise value and strategy related but not limited to legislative initiatives, product development and analysis, cross company pricing negotiations, and cross company analytics. Work closely with leaders in key stakeholder organizations (i.e. Enterprise Analytics, Aetna, Caremark, CVS Retail, Legal, Product, etc.) in pulling together the enterprise view of profitability, risks, and opportunities while ensuring cross company compliance. They will lead and manage multiple high-profile work streams with urgency, be accountable for delivering quality results, and be able to present these results to senior leadership within the company. This will be one of three Exec Director positions representing expertise in each of three segments (Retail, PBM & HCB).
This role will also provide strategic direction in identifying value unlock across the opportunity by creating transparency and awareness around the financial levers of the overall organization. This individual will provide support to the evaluation of enterprise products with the goal of maximizing their value and helping with go-to market strategy.
Please replace this section with the Job Summary
Key Responsibilities:
- Leading strategic projects across a matrix of enterprise-wide stakeholders
- Financial modeling and evaluation of business cases for products/services
- Provide recommendations and influence strategic decision making
- Navigate a cross functional and cross enterprise environment with senior leaders and team members
Required Qualifications:
- 15+ years of experience in pricing, actuary, underwriting or similar discipline
- 5+ years of leadership experience
- Expert knowledge of Retail economics, products, methods and incentives.
Education
Bachelor’s Degree Required
Pay Range
The typical pay range for this role is:
$131,500.00 - $303,195.00
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 people
We 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:
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Affordable medical plan options, a 401(k) plan (including matching company contributions), and an employee stock purchase plan.
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No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching.
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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.
For more information, visit https://jobs.cvshealth.com/us/en/benefits
We anticipate the application window for this opening will close on: 04/24/2025
Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.
Top Skills
What We Do
CVS Health is the leading health solutions company that delivers care in ways no one else can. We reach people in more ways and improve the health of communities across America through our local presence, digital channels and our nearly 300,000 dedicated colleagues – including more than 40,000 physicians, pharmacists, nurses and nurse practitioners.
Wherever and whenever people need us, we help them with their health – whether that’s managing chronic diseases, staying compliant with their medications, or accessing affordable health and wellness services in the most convenient ways. We help people navigate the health care system – and their personal health care – by improving access, lowering costs and being a trusted partner for every meaningful moment of health. And we do it all with heart, each and every day.
