Rebate & Payments Analyst (Financial Ops)

CVS Health; California (MO); Hybrid; USD 44,000 - 102,000; Full time

Benefits offered by this job

Medical, dental, and vision coverage

Paid time off

Retirement savings options

Job summary

CVS Health is seeking a Rebate Reconciliation Analyst to support rebate reconciliation, payment analysis, and related financial tasks. You will work with internal partners such as Trade Relations / Legal / Accounting and external pharmaceutical manufacturers to ensure accurate payment processing.

The role involves detailed data manipulation, dispute resolution, and monthly reserve analysis, with a focus on reducing drug spend and promoting accessible, affordable care.

Qualifications

• 6+ months financial or analytical experience.
• 6+ months experience with Microsoft Excel.
• Bachelor's Degree in Finance, Accounting, Business, Math, or Economics preferred or equivalent work experience.
• PBM or pharmaceutical manufacturer experience and knowledge of pharmaceutical products preferred.

Responsibilities

• Review and comprehend all contract terms applicable to the Reconciliation function.
• Track and apply payments due from pharmaceutical manufacturers.
• Identify 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 disputed items.
• Analyze variances and disputes and decide to accept or reject.
• Communicate with pharmaceutical manufacturers regarding variances and disputes.
• Update internal dispute tracking data file monthly.
• Perform analysis of required reserves monthly.
• Investigate and respond to inquiries regarding open balances.

Skills

Problem solving

Analytical skills

Data manipulation

Communication skills

Education

Bachelor's Degree in Finance, Accounting, Business, Math, or Economics

Tools

Microsoft Excel

Job description

CVS Health is seeking a Rebate Reconciliation Analyst to support rebate reconciliation, payment analysis, and related financial tasks. You will work with internal partners such as Trade Relations / Legal / Accounting and external pharmaceutical manufacturers to ensure accurate payment processing.

The role involves detailed data manipulation, dispute resolution, and monthly reserve analysis, with a focus on reducing drug spend and promoting accessible, affordable care.