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.
Job Description
As a member of Network Strategy team, this role serves as the Commercial Cost of Goods (COGS) subject matter expert, owning COGS analytics that directly support PBM network contracting initiatives. The role plays a part in shaping pharmacy provider rate strategy, improving underwriting accuracy, and strengthening overall network economics.
Leveraging tools such as SAS, Tableau, and Excel, you will build and maintain COGS models to evaluate network improvement opportunities, assess financial tradeoffs, and inform strategic decision making. You will partner with the Network Contract team to deliver actionable recommendations on pharmacy provider rates. You will drive operational improvements in the management of underwriting (UW) COGS assumptions.
Deep knowledge of PBM pricing and operations, along with the ability to interpret client and segment level financial statements, is essential. This role also requires strong project management discipline, while delivering high quality work.
What You Will Do
Deliver high quality financial insights on network performance, utilization patterns, and market trends to identify opportunities for network enhancements, cost savings, and improved access to care.
Develop, enhance, and maintain COGS projection models to inform pharmacy provider rate strategy.
Translate complex data and financial analyses into clear, concise insights and visualizations for nontechnical stakeholders.
Partner cross functionally with key stakeholders across the organization.
Manage complex analytical initiatives from concept through delivery, ensuring accuracy, timeliness, and impact.
Ensure compliance with regulatory, contractual, and ethical standards in all analytical outputs.
Continuously identify opportunities to improve analytical processes, tools, and methodologies.
Stay current on PBM, pharmacy network, and data analytics trends to inform strategy.
Provide mentorship and knowledge sharing to support team capability and development.
Minimum Qualifications
7+ years of experience in data analytics, financial analysis, or a related quantitative role.
Preferred Qualifications
2+ years of PBM experience.
Advanced proficiency in SAS (or comparable statistical software), Excel, and Tableau.
Strong analytical problem solving and decision-making skills.
Demonstrated ability to collaborate effectively across teams and influence stakeholders.
Experience translating complex financial or analytical concepts into actionable business insights.
Proven ability to manage competing priorities and deliver high quality work.
Education
Bachelor’s degree preferred or equivalent combination of education
Pay Range
The typical pay range for this role is:
$82,940.00 - $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+ years of experience in data analytics, financial analysis, or a related quantitative role
- Bachelor's degree preferred or equivalent combination of education
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.
