Financial Operations Analyst - Rebate Research

9025 CVS Shared Services Resources LLC; Northbrook (IL); Hybrid; USD 44,000 - 94,000; Full time

Benefits offered by this job

Med/dental/vision benefits

Retirement savings options

Paid time off

Job summary

CVS Health is seeking a Financial Operations Analyst - Rebate Research in the United States to analyze Medicare and Commercial formularies and determine client rebate eligibility under contracts. You will support monthly/quarterly rebate invoicing and assist during disputes while aligning with contract terms.

The role requires 1+ year of experience, familiarity with Caremark systems, and strong Excel and healthcare contracting knowledge. Hybrid work environment with career growth opportunities.

Qualifications

• Bachelor's degree preferred or current student graduating between Dec 2026–May 2027.
• 1+ year of professional experience or internships.
• Experience in formulary, healthcare contracting, or related roles preferred.

Responsibilities

• Analyze Medicare and Commercial formularies to determine rebate eligibility per contracts.
• Support rebate forecasting and underwriting during contract negotiations.
• Assist Clinical Managers and Client Support in formulary development.
• Collaborate with rebate audit team on audits and inquiries.
• Review contract language to support formulary rebate contracts.
• Maintain filings for Caremark and client formularies.
• Demonstrate strong analytical skills with contract language.
• Be flexible to support department needs; travel-light if required.

Skills

Analytical thinking

Reading comprehension

Clear communication

Independent work

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 a 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
• Supporting Clinical Managers and Client Support Services as they work with clients in the development of formularies
• Collaborating with 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
• Reviewing 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.

Benefits

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 fulltime 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 coverage
• Dental coverage
• Vision coverage
• Paid time off
• Retirement savings options
• Wellness programs
• Other resources (based on eligibility)

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

Application Deadline

We anticipate the application window for this opening will close on: 10/30/2026.

EEO & Diversity

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

Company Culture & Values

Our Work Experience is the combination of everything that's unique about us: our culture, our core values, our company meetings, our commitment to sustainability, our recognition programs, but most importantly, it's our people. Our employees are self-disciplined, hard working, curious, trustworthy, humble, and truthful. They make choices according to what is best for the team, they live for opportunities to collaborate and make a difference, and they make us the #1 Top Workplace in the area.