Financial Operations Analyst

CVS Health; United States; Remote; USD 43,000 - 103,000; Full time

Job summary

An established industry player is seeking a Rebate Reconciliation Analyst to engage in rebate reconciliation activities and payment analysis. This role involves working closely with internal and external partners, requiring excellent problem-solving and analytical skills. The successful candidate will help drive value by reducing overall drug spend, making quality care more accessible and affordable. Join a dedicated team focused on transforming health care and improving the lives of millions of Americans. This position offers a dynamic work environment with opportunities for growth and development.

Benefits

401(k) plan with matching contributions

Employee stock purchase plan

Wellness screenings

Tobacco cessation programs

Weight management programs

Confidential counseling

Financial coaching

Flexible work schedules

Tuition assistance

Paid time off

Qualifications

• 6+ months financial or analytical experience required.
• Detail-oriented with strong organizational skills.
• Experience with data analysis and contract interpretation preferred.

Responsibilities

• Review and comprehend contract terms for reconciliation.
• Track and apply payments from pharmaceutical manufacturers.
• Analyze and reconcile payment data and disputes.

Skills

Problem Solving

Analytical Skills

Data Manipulation

Communication Skills

Education

Bachelor’s Degree in Finance

Bachelor’s Degree in Accounting

Bachelor’s Degree in Business

Bachelor’s Degree in Math

Bachelor’s Degree in Economics

Tools

Microsoft Excel

Job description

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.

SUMMARY

The Rebate Reconciliation Analyst position will primarily be engaged in rebate reconciliation activities, payment analysis, dispute resolution, reserve analysis and other related financial analyses.

This includes working closely with internal partners such as Trade Relations / Legal / Accounting and external partners such as Pharmaceutical Manufacturers

The successful candidate will possess the following skills:

- Excellent problem solving skills.

- Detail oriented and proven analytical skills are necessary with the ability to organize and prioritize workloads and meet strict deadlines.

- Ability to handle basic to intermediate data manipulation and analysis

- Excellent written and oral communication skills are essential as this position interfaces with various levels within the organization as well as with our external pharmaceutical company counterparts.

As a member of the team, you will help drive value for our clients by reducing their overall drug spend. Our organization is focused on making quality care more affordable, accessible, simple, and seamless. Together, we are committed to helping people on their path to better health.

Job Duties

• Review and comprehend all contract terms applicable to the Reconciliation function
• Track and apply payments due from pharmaceutical manufacturers
• Identify any late payments and request late fee billing as required by contract
• Manipulate and Analyze payment data from pharmaceutical manufacturers
• Reconcile payment data received with Invoiced amount to identify all items disputed by pharmaceutical manufacturers
• Analyze and research all variances and disputed items and determine whether to accept or reject disputes
• Communicate with pharmaceutical manufacturers regarding variances and disputes
• Update internal dispute tracking data file on a monthly basis
• Perform analysis of required reserves on a monthly basis
• Investigate and respond to questions/inquiries regarding the status of open balances
• Ability to handle basic to intermediate data manipulation and analysis

Required Qualifications:

• 6+ months financial or analytical experience.
• 6+ months experience with Microsoft Excel.

Preferred Qualifications:

• Experience working in a dynamic, fast-paced environment.
• Experience with contract administration, financial and / or data analysis, data-mining, cash reconciliations, and complex processes is beneficial.
• PBM or pharmaceutical manufacturer experience and knowledge of pharmaceutical products preferred.
• Contract interpretation experience is preferred

Education:

• Bachelor’s Degree in Finance, Accounting, Business, Math, or Economics preferred or equivalent work experience.

Anticipated Weekly Hours

40

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.

SUMMARY

The Rebate Reconciliation Analyst position will primarily be engaged in rebate reconciliation activities, payment analysis, dispute resolution, reserve analysis and other related financial analyses.

This includes working closely with internal partners such as Trade Relations / Legal / Accounting and external partners such as Pharmaceutical Manufacturers

The successful candidate will possess the following skills:

- Excellent problem solving skills.

- Detail oriented and proven analytical skills are necessary with the ability to organize and prioritize workloads and meet strict deadlines.

- Ability to handle basic to intermediate data manipulation and analysis

- Excellent written and oral communication skills are essential as this position interfaces with various levels within the organization as well as with our external pharmaceutical company counterparts.

As a member of the team, you will help drive value for our clients by reducing their overall drug spend. Our organization is focused on making quality care more affordable, accessible, simple, and seamless. Together, we are committed to helping people on their path to better health.

Job Duties

• Review and comprehend all contract terms applicable to the Reconciliation function
• Track and apply payments due from pharmaceutical manufacturers
• Identify any late payments and request late fee billing as required by contract
• Manipulate and Analyze payment data from pharmaceutical manufacturers
• Reconcile payment data received with Invoiced amount to identify all items disputed by pharmaceutical manufacturers
• Analyze and research all variances and disputed items and determine whether to accept or reject disputes
• Communicate with pharmaceutical manufacturers regarding variances and disputes
• Update internal dispute tracking data file on a monthly basis
• Perform analysis of required reserves on a monthly basis
• Investigate and respond to questions/inquiries regarding the status of open balances
• Ability to handle basic to intermediate data manipulation and analysis

Required Qualifications:

• 6+ months financial or analytical experience.
• 6+ months experience with Microsoft Excel.

Preferred Qualifications:

• Experience working in a dynamic, fast-paced environment.
• Experience with contract administration, financial and / or data analysis, data-mining, cash reconciliations, and complex processes is beneficial.
• PBM or pharmaceutical manufacturer experience and knowledge of pharmaceutical products preferred.
• Contract interpretation experience is preferred

Education:

• Bachelor’s Degree in Finance, Accounting, Business, Math, or Economics preferred or equivalent work experience.

Anticipated Weekly Hours

40

Time Type

Full time

Pay Range

The typical pay range for this role is:

$43,888.00 - $102,081.00

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.

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: 05/05/2025

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

About the company

At CVS Health, we share a clear purpose: helping people on their path to better health. Through our health services, plans and community pharmacists, we’re pioneering a bold new approach to total health. Making quality care more affordable, accessible, simple and seamless, to not only help people get well, but help them stay well in body, mind and spirit.