Financial Operations Analyst - Rebate Research

CVS Health Corporation; Cumberland (RI); Hybrid; USD 44,000 - 94,000; Full time

Job summary

CVS Health Corporation is seeking a Financial Operations Analyst - Rebate Research in a hybrid role in Rhode Island. The position focuses on analyzing Medicare and Commercial formularies to determine rebate eligibility and ensure accurate invoicing under manufacturer contracts.

The role supports rebate forecasting, contract interpretation, and data analysis on a monthly/quarterly basis, with light travel as needed. A Bachelor’s degree is preferred, and 1+ year of relevant experience is required.

Qualifications

• 1+ year of professional experience or internships.
• Experience in a formulary, health care, contracting, or similar role.
• Strong Microsoft Office experience, with emphasis on Excel.
• Medicare knowledge beneficial.

Responsibilities

• Conduct formulary research to support rebate forecasting and underwriting teams.
• Review contract language to support formulary rebate contracts.
• Maintain filings for Caremark and client formulary publications.
• Demonstrate analytical skills when working with contract language.
• Support during pharmaceutical disputes and perform day-to-day tasks.
• Travel light, if any, to support business activity.

Skills

Analytical skills

Reading comprehension

Communication

Independence

Education

Bachelor's degree preferred

Tools

Excel

RxClaim

Caremark systems

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.

This is a hybrid position.

Position Summary

As a Financial Operations Analyst - Rebate Research, you will perform a critical role in the analysis of Medicare and Commercial formularies to determine client eligibility for rebates with respect to manufacturer contractual guidelines. To support accurate rebate invoicing, you will be responsible for meeting manufacturer contractual obligations by completing a thorough interpretation of the contract and thorough analysis of formulary and plan design data on a monthly/quarterly basis. In this role, you will support overall team production by assisting during pharmaceutical disputes and collaborating on day-day tasks such as:

• Conducting specific formulary research to support Rebate forecasting and underwriting teams during the manufacturing contract negotiating process; Clinical Managers and Client Support Services as they work with clients in the development of formularies; Rebate audit team as questions arise on audits by manufacturers and clients.
• Adhering to quality control process in review of formulary rebate eligibility and contributing to enhancing our quality control processes.
• Review contract language necessary to support formulary rebate contracts.
• Maintaining filings for Caremark and client specific formulary publications.
• Exhibiting strong analytical skills working with contract language
• Demonstrating flexibility and adaptability to take on additional tasks to support the department.
• Very light travel, if any, may be requested to support business activity.

Required Qualifications

• 1+ year of professional experience or internships.

Preferred Qualifications

• Experience in a formulary, health care, contracting, or similar role
• Microsoft Office experience, with an emphasis on Excel
• Caremark Formulary and/or Rebate knowledge beneficial.
• Experience with Caremark business systems, claims adjudication, formulary, drug, and client systems with an emphasis on the RxClaim adjudication platform beneficial.
• Medicare knowledge beneficial.
• Ability to work independently and with people across functional area.
• Ability to work in a hybrid team environment.
• Strong reading comprehension skills.
• Capability to communicate details clearly and accurately.

Education

• Bachelor's Degree preferred or currently enrolled in a four year Bachelor's program with an anticipated graduation date between December 2026-May 2027.

Anticipated Weekly Hours

40

Time Type

Full time

Pay Range

The typical pay range for this role is:

$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.

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.

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: 10/30/2026

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