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.
Position Summary
The Senior Manager, Product (Trend Strategy) will be responsible for product management and development that enables effective strategy, operation, and implementation of drug cost reduction initiatives. You will assist in the creation and execution of new strategic initiatives, pilots, and products, along with development of detailed strategic analyses and proposals.
In this role, you will be required to collaborate with multiple stakeholders within CVS Caremark with a focus on successfully launching new strategies and/or products. This will include building strong long-term relationships enabling the organization to meet its specific goals. It is common for this role to work with Operations, Formulary Administration, Medical Affairs, Trade, Legal, Analytics, Sales and many other teams. The environment will be ambiguous and uncertain at times. The ideal candidate will have demonstrated success in this type of fast-paced environment, with the ability to learn on the fly while understanding and solving new problems. Success will require the ability to swerve quickly, adjust to changing circumstances, and identify creative solutions to brand new challenges. This position reports to Lead Director, PBM Product Administration.
Required Qualifications
7-10 years relevant work experience required in a setting requiring strong independent ownership and ability to think strategically to identify and improve current work processes/results (such as internal or external management consulting)
Preferred Qualifications
- Working knowledge of Caremark formularies and/or PBM operations will be valued
- Significant business, strategic and financial acumen
- Exceptional organizational skills, including the ability to manage multiple concurrent requests under tight deadlines.
- Ability to effectively communicate with both senior and junior audiences, including influencing executives, presenting to large audiences with lots of questions, and translating complex quantitative considerations to a message that non-quantitative colleagues can easily understand.
- Excellent interpersonal and collaboration skills, with a positive attitude and a growth mindset
- Ability to self-prioritize and work independently
- Ability to balance the needs of multiple stakeholders simultaneously, including partners that have conflicting objectives.
- Strong working knowledge of MS Office applications such as Excel, PowerPoint and Word
- Positive attitude and a growth mindset
Education
- Required: Bachelor's degree or equivalent years of related experience.
- Preferred: Advanced degree such as MBA, MPH, or PharmD
Pay Range
The typical pay range for this role is:
$75,400.00 - $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 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
- 7-10 years of relevant work experience in a setting requiring independent ownership and strategic process improvement
- Bachelor's degree or equivalent years of related experience
- Working knowledge of Caremark formularies and/or PBM operations
- Significant business, strategic, and financial acumen
- Strong organizational skills and ability to manage multiple concurrent requests under tight deadlines
- Ability to communicate with senior and junior audiences, influence executives, present to large audiences, and explain complex quantitative topics
- Excellent interpersonal and collaboration skills
- Ability to self-prioritize and work independently
- Ability to balance multiple stakeholders with conflicting objectives
- Strong working knowledge of Microsoft Excel, PowerPoint, and Word
- Advanced degree such as MBA, MPH, or PharmD
CVS Health Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about CVS Health and has not been reviewed or approved by CVS Health.
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Healthcare Strength — Health coverage includes medical, dental, and vision with HSA-eligible options, free preventive care, virtual care, and access to MinuteClinic services. Mental-health resources such as counseling support are emphasized, and coverage is often considered solid for full-time colleagues.
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Retirement Support — A dollar-for-dollar 401(k) match up to 5% after one year and an Employee Stock Purchase Plan are consistently highlighted in Total Rewards materials. Feedback suggests retirement programs are a meaningful strength within the overall package.
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Wellbeing & Lifestyle Benefits — Wellbeing offerings include up to 20 no-cost counseling sessions per issue, backup care, tuition assistance, and substantial in-store discounts, alongside broader wellness tools. These everyday perks expand value beyond base pay and can be especially meaningful for full-time schedules.
CVS Health Insights
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.
