Pharmacy Benefits Management (PBM) Underwriting, Senior Analyst

CVS Health; Idaho Falls (ID); On-site; USD 47,000 - 122,000; 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 a Senior Analyst, PBM Contract Manager to apply complex financial, contractual, and business strategies to large PBM client agreements. You will influence operational execution, mitigate financial risks, and negotiate contracts that reflect agreed-upon terms.

Your work directly supports client retention and CVS Health's financial objectives. The role requires experience with pricing strategies, legal documents, and stakeholder collaboration across Sales, Underwriting,

Qualifications

• 4+ years' financial analysis, pricing, or corporate underwriting experience.

Responsibilities

• Oversee the review of pricing commitment documents and assist in drafting, negotiation, approval, execution, and renewal of full contracts.

Skills

Financial analysis

Pricing

Corporate underwriting

Excel (advanced)

Office Suite

Legal document handling

Interpersonal skills

Executive communication

Education

Bachelor's degree in Finance, Political Science, Pre-Law, Business, Economics

Tools

Microsoft Excel

Microsoft Office Suite

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. 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.

Senior Analyst, PBM Contract Manager

The Senior Analyst, PBM Contract Manager role applies complex financial, contractual, and business strategies to large, high-impact agreements negotiated between CVS Health and its PBM clients. Key responsibilities include supporting health plan client retention, influencing operational execution to ensure negotiated intent is achieved, mitigating financial and relationship risks, facilitating strategic discussions with health plan clients and consultants, and negotiating contracts that accurately memorialize agreed-upon terms and conditions. Success in this role directly impacts CVS Health's ability to attract and retain clients while supporting the company's overall financial objectives and risk management strategies.

Responsibilities

• Oversee the review of pricing commitment documents and assist in drafting, negotiation, approval, execution, and renewal of full contracts.
• Support the execution of contract strategies across clients, vendors, and/or providers.
• Adhere to contract governance processes, documentation standards, and approved workflows.
• Build strategic partnerships with internal stakeholders, including Sales, Underwriting, Legal, Finance, Proposals, and Consultant Relations.
• Execute and implement constantly evolving legal strategies in response to market dynamics to provide competitive, profitable, and attractive pricing offers.
• Have a measurable impact in this role by helping CVS Health and our clients win in a competitive marketplace.

Qualifications

• 4 or more years' financial analysis, pricing, or corporate underwriting experience required.
• Proficient in Microsoft Excel in complex data analysis.
• Proficiency in Microsoft Office Suite (e.g., Excel, Word, PowerPoint, Outlook).
• Experience managing complex legal documents.
• Ability to interact with others in a professional manner and help foster teamwork and knowledge sharing to complete key tasks.
• Ability to interact with all level of management, including VPs and executives.
• Strong presentation and communication skills with experience presenting to various business groups.
• Bachelor's Degree preferably in Finance, Political Science or Pre-Law, Business, Economics, or related field; or equivalent work experience.

Pay & Benefits

Full time Pay Range46,988.00 - $122,400.00 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. 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 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. 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.

Eligibility

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

Application Deadline

We anticipate the application window for this opening will close on: 11/17/2026