Analyst, FP&A – Medicare/Medicaid COGS & Network Performance

CVS Health; Hartford (CT); On-site; USD 44,000 - 94,000; Full time

Benefits offered by this job

Medical, dental, and vision coverage

Paid time off

Retirement savings options

Wellness programs

Job summary

CVS Health is seeking an Analyst, FP&A – Medicare/Medicaid COGS & Network Performance to support financial planning, forecasting, and variance analysis for Medicare/Medicaid pharmacy network costs within CVS Health’s Pharmacy Services business. You will help develop budgets and forecasts, monitor margin performance, and explain COGS to Finance and leadership.

The role requires proficiency in Excel, SAP/S4HANA, data analytics, and the ability to communicate findings clearly.

Qualifications

• Up to 2 years of prior relevant and practical experience.

Responsibilities

• Support financial planning, forecasting, and variance analysis for Medicare/Medicaid COGS.
• Analyze network performance and budgeting, linking client guarantees to reimbursement.

Skills

Excel proficiency

Large data sets

Tableau experience

S4/SAP/HANA

Analytical skills

Written and verbal communication

Cross-functional collaboration

Education

Bachelor's degree in Finance/Accounting/Business

Tools

SAP HANA

Tableau

Job description

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 Analyst, FP&A – Medicare/Medicaid COGS & Network Performance supports financial planning, forecasting, and variance analysis for Medicare and Medicaid pharmacy network costs (COGS) within CVS Health’s Pharmacy Services business. Reporting to the Manager, FP&A Medicare/Medicaid COGS & Network Performance, this role contributes to COGS budget and forecast development, monitors network margin performance, and provides analytical support for understanding the financial interplay between client guarantees and pharmacy reimbursement. The Analyst helps ensure that COGS is accurately planned, tracked, and explained to Finance and operational leadership.

Required Qualifications

• Up to 2 years of prior relevant and practical experience
• Proficiency in Excel and experience with large data sets; Tableau or similar visualization tool experience preferred
• Proficiency in S4/SAP/HANA
• Analytical skills with the ability to decompose multi-driver variances and communicate findings clearly
• Effective written and verbal communication; ability to prepare management-ready reporting
• Collaborative work style with ability to partner across Finance and cross-functional teams

Preferred Qualifications

• Financial planning and cost analysis experience, ideally in a PBM, managed care, or health benefits environment
• Understanding of pharmacy COGS drivers including MAC pricing, drug mix, and network utilization

Education

• Bachelor's degree in Finance, Accounting or Business preferred

Anticipated Weekly Hours

40

Time Type

Full time

Pay Range

$43,888.00 - $93,574.00

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.

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.

This full‑time position is eligible for a comprehensive benefits package designed to support the physical, emotional, and financial well‑being of colleagues and their families. The benefits for this position include medical, dental, and vision coverage, paid time off, retirement savings options, wellness programs, and other resources, based on eligibility.

Additional details about available benefits are provided during the application process and on Benefits Moments.

We anticipate the application window for this opening will close on: 09/18/2026

Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.