Senior Manager, Merchandising Discount Strategy

CVS Health; Woonsocket (RI); On-site; USD 83,000 - 183,000; Full time

Benefits offered by this job

Comprehensive benefits

Bonus opportunities

Equity awards

Retirement plan

Paid time off

Job summary

CVS Health is seeking a Senior Manager, Discount Strategy to drive a profitable portfolio of growth initiatives in collaboration with Category Managers and Value Strategy leaders. You will oversee budgets, manage multiple initiatives, and report to the Promo Strategy Director, helping shape promotional strategies that engage customers and improve profitability.

The role requires 5+ years of strategic leadership, strong analytical and communication skills, and a track record of influencing senior

Qualifications

• 5+ years leading strategic/commercial projects with significant business impact.
• 5+ years working in consulting, retail, or equivalent experience.
• Strong leadership, prioritization and ability to influence across levels.

Responsibilities

• Develop and drive a portfolio of profitable growth initiatives with partners.
• Oversee budget and project execution plan for multiple initiatives.
• Report to the Promo Strategy Director and align with leadership.

Skills

Strategic thinking

Analytical skills

Leadership

Communication

Project management

Education

Bachelor’s degree or equivalent experience

MBA/Master’s strongly preferred

Tools

Tableau

SQL

Power BI

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 Discount Strategy Team oversees the strategy, planning, execution, and optimization of all discount strategies to drive profitable growth and consumer engagement. This team works closely with internal partners such as Merchandising, Pricing, Digital, and Marketing leadership to develop best-in‑class promotional strategies across all vehicles. The Sr. Manager is responsible for analyzing discount strategies to create clear, compelling, profitable promotions across the business, which includes organizing and prioritizing key areas of focus to facilities efficient decision making. The team uses deep category and consumer knowledge to analyze market trends and dynamics, develop promotional events that drive consumer engagement, analyze and optimize promotional effectiveness, understand vendor/brand economics and productivities, drive customer loyalty and related optimization opportunities across various levers.

Senior Manager, Discount Strategy

The Senior Manager, Discount Strategy is charged with developing and driving a portfolio of profitable growth initiatives in partnership with Category Managers and Price Value Strategy leadership. The Senior Managers oversee the budget and project execution plan for multiple initiatives. The Senior Manager will report to the Promo Strategy Director.

Required Qualifications

• 5+ years of relevant experience leading strategic/commercial projects with significant business impact
• 5+ years working in consulting, retail, or equivalent experience
• Strong leadership skills, with the ability to prioritize and deliver on multiple concurrent initiatives that have significant financial impact.
• Strong strategic thinking and analytical skills. Demonstrated ability to synthesize facts and insights into concrete, actionable strategies, and tactical plans.
• Excellent communicator, both verbal and written, with the ability to influence at all levels of the organization

Preferred Qualifications

• Merchandising familiarity - understanding of retail merchandising basics (i.e., Category Management), and merchandising organizational structures and processes
• Demonstrated ability to manage a P&L
• Retail/CPG experience and/or experience analyzing large customer / transaction data sets
• Mastery of Microsoft Excel and PowerPoint
• Experience using Tableau, SQL, Power BI and other technical tools a plus
• Ability to concisely present to senior leaders and build trust

Education

Bachelor’s degree or equivalent experience; MBA/Master’s strongly preferred

Pay Range

The Typical Pay Range For This Role Is $82,940.00 - $182,549.00

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. This position also includes an award target in the company’s equity award program.

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: 09/30/2026

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