Job Information
CVS Health Sr Mgr - Underwriting in Saint Paul, Minnesota
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
Would you like to join CVS Health, a Fortune 5 company, on our multifaceted Underwriting team? As a Senior Manager in our Underwriting group you will utilize your business, industry, competitive, client, and technical knowledge to formulate pricing strategy and to execute financial modeling of comprehensive pricing offers that include retail network, mail order, specialty, and pharmaceutical manufacturer rebates for PBM client contracts. Some of your key responsibilities will include:
Collaborating with PBM Sales and Account Services to provide recommendations on pricing and negotiation strategy to achieve revenue and profitability targets for net new business client growth and margin retention
Developing and maintaining domain expertise across levers of PBM and Enterprise profitability, including retail networks, enterprise dispensing, specialty drugs, pharmaceutical manufacturer rebates, MAC pricing, and our product/service offerings
Presenting to Executive Leadership during Executive Underwriting Approval Calls
Responding to questions in real-time in support of the underwriter review and approval process
Reviewing and completing financial sections of Requests for Proposals (RFPs) to define and approve scope of PBM client support and to forecast accurate cost assumptions into client pricing offers
Identify impacts of legislative PBM decisions on client contracts
Leading, coaching, and developing your team
Your success will be determined by your ability to communicate client pricing to internal partners in support of accurate pricing implementation and to minimize service warranties and performance guarantee payouts. You will need to execute and implement constantly evolving pricing strategies in response to market dynamics to provide competitive, profitable, and attractive pricing offers. Finally, your skills as a leader and a manager will be tested, and the continued growth of your team will be imperative your success and your impact on the enterprise.
A successful candidate in this role has:
A pricing and/ or financial background.
Review and analyze complex financials.
Highly proficient in working with large data sets
Ability to work in a very fast-paced environment with tight deadlines.
Experience in setting up process and executing against them.
Possess excellent verbal and written communications skills, and interpersonal skills.
Demonstrated experience using business analytics to problem solve data-driven questions.
Aptitude to communicate complex analytic findings and conclusions in an easy to understand way. Ability to collaborate with and influence clients and customers to develop analytic models, methodologies and reports that support CVS Caremark products and services.
Experience extracting, manipulating, and analyzing Big Data (databases containing multiple terabytes of data) and then using it to draw relevant conclusions.
Ability to appropriately prioritize competing client requests to ensure focus on highest impact activities.
Ability to interact with others in a collegial and professional manner; leverage team resources to support assigned clients; and help foster teamwork and knowledge sharing to complete key tasks. Ability to work independently in a fast paced environment and manage tight deadlines
Required Qualifications
7+ years financial analysis, pricing, underwriting experience or relatable experience
3 or more years of experience in health insurance, managed care, or prescription drug industry
Preferred Qualifications
2+ years’ experience with PBM or Specialty Pharmacy/Home Infusion industry preferred.
Previous contract experience, RFP or capture experience.
Education
Bachelor's Degree or relevant work experience
Masters preferred
Pay Range
The typical pay range for this role is:
$67,900.00 - $199,144.00
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:
Affordable medical plan options, a 401(k) plan (including matching company contributions), and an employee stock purchase plan .
No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching.
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: 06/21/2025
Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.
We are an equal opportunity and affirmative action employer. We do not discriminate in recruiting, hiring, promotion, or any other personnel action based on race, ethnicity, color, national origin, sex/gender, sexual orientation, gender identity or expression, religion, age, disability, protected veteran status, or any other characteristic protected by applicable federal, state, or local law.