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
CVS Health’s Enterprise Procurement department, a key function within the company’s Corporate Finance organization, is in search of a Strategic Sourcing Analyst within the Non-IT team. In this role, you will be responsible for leading the execution of a broad array of RFx events for indirect products and services within the Corporate Services spend categories such as Marketing, HR, Finance, Print, Supplies and T&E.
In addition to executing a large variety of sourcing events, this role will also be responsible for providing analytical and project management support to sourcing leadership and assist with category management activities such as pipeline development, data management, and expiring contract reviews.
This role reports directly to the Lead Director of Strategic Sourcing – Corporate Shared Services, and will work in a team environment that provides support and guidance to ensure that Enterprise Procurement is effectively serving its internal stakeholders.
The Strategic Sourcing team manages over $11B in annual indirect spend across a range of IT and non-IT categories that support key business units across the enterprise (Retail, PBM, Insurance, Specialty/Clinical, etc.). As a Senior Analyst on the Sourcing team, you should have an enterprise mindset, possess an entrepreneurial self-starting mentality, and be a strong communicator who is able to establish lasting relationships with business leaders as well as internal and external stakeholders.
Key Responsibilities:
- Execute and lead a variety of sourcing events in support of category
- Provide analytical support to category leaders on RFx events and major initiatives
- Support category management activities (expiring contract review, pipeline development, opportunity assessment, etc.)
- Provide project management and communication support to category leaders (project tracking, meeting minutes, etc.)
- Compile scope of work and requirements, analyze and evaluate vendor proposals, and negotiate final commercial terms
- Develop and confidently present analysis - both quantitative and qualitative - to Procurement and Business leadership to obtain approval to award business
- Effectively communicate and demonstrate Strategic Sourcing's value proposition to internal business partners/stakeholders
This is a hybrid role that will require the selected candidate to be in-office at the corporate headquarters in Woonsocket, RI 2x per week. We will also consider candidates based in Hartford, CT or Northbrook, IL.
Required Qualifications
- 1-3 years of professional experience related to Sourcing & Category Management, Finance, Supply Chain, Procurement, Analytics, or Management Consulting
Preferred Qualifications
- Possess a strong business acumen and high level of problem solving and critical thinking skills
- Excellent verbal communication and interpersonal skills, with an ability to confidently and expertly interact with internal and external stakeholders
- Strong analytical ability, strategic thinker, learn and process new information quickly
- Ability to quickly capture, analyze, and summarize large data sets
- Strong organization and project management skills
- Shown ability to handle multiple tasks without direct supervision, while paying strong attention to detail and follow-up
- Intellectually curious, eager to gain new experiences, qualifications, and responsibilities
Education
- Bachelor's degree required. Preferably a major related to Management, Business, Economics, Supply-Chain, Finance, Accounting.
Anticipated Weekly Hours
40Time Type
Full timePay 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.
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
- 1-3 years of professional experience related to Sourcing & Category Management, Finance, Supply Chain, Procurement, Analytics, or Management Consulting
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 — Healthcare coverage is positioned as comprehensive for benefits-eligible colleagues, including medical, dental, and vision with free preventive care and access to virtual care and select no-cost MinuteClinic services. Mental health support is also highlighted with no-cost confidential counseling sessions per issue.
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Retirement Support — Retirement benefits include a 401(k) with a dollar-for-dollar match up to 5% after meeting service and hours requirements. Ownership programs are also offered through an employee stock purchase plan with a stated purchase discount.
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Pay Growth & Progression — A companywide minimum wage floor establishes a baseline that is framed as a positive starting point in some roles and markets. Unionized or high-cost areas are described as having clearer wage scales and step-ups that can materially lift pay over time.
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.
