We’re building a world of health around every individual — shaping a more connected, convenient and compassionate health experience. At CVS Health®, you’ll be surrounded by passionate colleagues who care deeply, innovate with purpose, hold ourselves accountable and prioritize safety and quality in everything we do. Join us and be part of something bigger – helping to simplify health care one person, one family and one community at a time.
Summary:
The Rebate Reconciliation Analyst position will primarily be engaged in rebate reconciliation activities, payment analysis, dispute resolution, reserve analysis and other related financial analyses.
This includes working closely with internal partners such as Trade Relations / Legal / Accounting and external partners such as Pharmaceutical Manufacturers
The successful candidate will possess the following skills:
- Excellent problem solving skills.
- Detail oriented and proven analytical skills are necessary with the ability to organize and prioritize workloads and meet strict deadlines.
- Ability to handle basic to intermediate data manipulation and analysis
- Excellent written and oral communication skills are essential as this position interfaces with various levels within the organization as well as with our external pharmaceutical company counterparts.
As a member of the team, you will help drive value for our clients by reducing their overall drug spend. Our organization is focused on making quality care more affordable, accessible, simple, and seamless. Together, we are committed to helping people on their path to better health.
Job Duties
- Review and comprehend all contract terms applicable to the Reconciliation function
- Track and apply payments due from pharmaceutical manufacturers
- Identify any late payments and request late fee billing as required by contract
- Manipulate and Analyze payment data from pharmaceutical manufacturers
- Reconcile payment data received with Invoiced amount to identify all items disputed by pharmaceutical manufacturers
- Analyze and research all variances and disputed items and determine whether to accept or reject disputes
- Communicate with pharmaceutical manufacturers regarding variances and disputes
- Update internal dispute tracking data file on a monthly basis
- Perform analysis of required reserves on a monthly basis
- Investigate and respond to questions/inquiries regarding the status of open balances
- Ability to handle basic to intermediate data manipulation and analysis
Required Qualifications:
- 6+ months financial or analytical experience.
- 6+ months experience with Microsoft Excel.
Preferred Qualifications:
- Experience working in a dynamic, fast-paced environment.
- Experience with contract administration, financial and / or data analysis, data-mining, cash reconciliations, and complex processes is beneficial.
- PBM or pharmaceutical manufacturer experience and knowledge of pharmaceutical products preferred.
- Contract interpretation experience is preferred
Education:
- Bachelor’s Degree in Finance, Accounting, Business, Math, or Economics preferred or equivalent work experience.
Anticipated Weekly Hours
40Time Type
Full timePay Range
The typical pay range for this role is:
$43,888.00 - $102,081.00This 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.
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 offering a comprehensive and competitive mix of pay and benefits that reflects our commitment to our colleagues and their families.
Additional details about available benefits are provided during the application process and on Benefits Moments.
Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.
Skills Required
- 6+ months financial or analytical experience.
- 6+ months experience with Microsoft Excel.
- Excellent problem solving skills.
- Detail oriented with proven analytical skills and ability to prioritize workloads and meet deadlines.
- Ability to handle basic to intermediate data manipulation and analysis.
- Excellent written and oral communication skills.
- Bachelor's Degree in Finance, Accounting, Business, Math, or Economics or equivalent work experience.
- Experience working in a dynamic, fast-paced environment.
- Experience with contract administration, financial and/or data analysis, data-mining, cash reconciliations, and complex processes.
- PBM or pharmaceutical manufacturer experience and knowledge of pharmaceutical products.
- Contract interpretation experience.
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.
