Manager, FP&A Medicare/Medicaid Network Peformance COGS

CVS Health; Woonsocket (RI); On-site; USD 66,000 - 159,000; Full time

Job summary

CVS Health in Woonsocket, RI seeks a Manager of FP&A Medicare/Medicaid Network Performance COGS to lead the financial planning and performance management of Medicare and Medicaid drug COGS and volume within CVS Health's Pharmacy Services. You will oversee a small team, develop multi-year plans, budgets, and forecasts, and deliver clear variance analysis to executives.

Ideal candidates have strong analytical and modeling skills, experience with Excel/Tableau, and a proven ability to translate

Qualifications

• 5+ years of FP&A, budgeting, forecasting experience in managed care or government programs.
• 1 year of people leadership experience.
• Knowledge of Medicare/Medicaid drug benefit structures and pricing dynamics.

Responsibilities

• Lead the financial planning and performance management of Medicare/Medicaid network COGS and volume.
• Develop multi-year strategic plans, annual budgets, forecasts, and monthly close processes.
• Provide variance analysis and executive-ready commentary to senior leadership.

Skills

Forecasting

Financial analysis

Excel

Tableau

Communication

Leadership

Education

Bachelor's Degree

Tools

Excel

Tableau

Financial planning tools

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 Manager, FP&A Medicare/Medicaid Network Performance COGS

is responsible for leading the financial planning and performance management of Medicare and Medicaid drug COGS and volume within CVS Health's Pharmacy Services business. Reporting to the Director, FP&A Medicare/Medicaid Network Performance, this role manages a team of 2 direct reports (1 Sr. Analyst, 1 Analyst) and leads the development of multi‑year strategic plans, annual budgets, forecast, and the monthly close process, including weekly performance updates network performance COGS.

The Manager serves as the primary financial subject matter expert for netowrk performance COGS, partnering closely with the Network Pricing, Underwriting, Enterprise Economics and other cross-functional teams to analyze and explain volume, price, and mix dynamics. The role delivers clear, insightful variance analysis and actionable commentary to senior leadership and plays a critical role in ensuring Medicare and Medicaid network COGS is accurately reflected across the full Network P&L.

Required Qualifications

• 5 years of relevant work experience in financial planning, budgeting, and forecasting preferably in managed care, PBM, or government-sponsored health program environment
• 1 year of people leadership experience

Preferred Qualifications

• Knowledge of Medicare and Medicaid drug benefit structures, pricing dynamics, and regulatory impacts on pharmacy revenue
• Strong analytical and modeling skills; proficiency in Excel, Tableau, and financial planning tools
• Effective written and verbal communication skills; ability to translate complex financial data into clear executive-ready narratives
• Collaborative team player with experience partnering across Pricing, Actuarial, and Business functions
• People leadership and talent development experience
• Strong understanding of commercial pharmacy revenue drivers including volume, price, mix, and client contractual structures
• Clear and effective communication skills; ability to translate financial complexity into concise executive-ready reporting
• Cross-functional collaboration experience with Pricing, Business Development, and Client Management teams

Education

Bachelor's Degree; equivalent years of related professional work experience may substitute ( 4 years)

Anticipated Weekly Hours

40

Time Type

Full time

Pay Range

The typical pay range for this role is:

$66,330.00 - $159,120.00

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: 08/19/2026

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