Senior Manager, Product

CVS Health; Rhode Island; Hybrid; USD 75,000 - 183,000; Full time

Benefits offered by this job

Medical, Dental, Vision

Retirement options

Wellness programs

Job summary

CVS Health is seeking a Senior Manager, Product (Trend Strategy) to lead product management and development for drug cost reduction initiatives. You will collaborate with CVS Caremark stakeholders to launch new strategies and build strong relationships across teams to meet organizational goals.

Ideal candidates have 7–10 years of strategic, independent work experience, strong analytical and communication skills, and a proven ability to manage multiple priorities in a fast-paced environment.

Qualifications

• 7–10 years of strategic, independent work experience (consulting-like).
• Ability to think strategically to identify and improve processes.
• Experience with PBM operations is valued.

Responsibilities

• Manage product strategy and development for drug cost reduction initiatives.
• Collaborate with stakeholders across CVS Caremark to launch new strategies/products.
• Develop detailed strategic analyses and proposals.
• Build long-term relationships to meet goals.

Skills

Strategic thinking

Independent ownership

Stakeholder management

Executive communication

Analytical skills

Growth mindset

Education

Bachelor's degree or equivalent

MBA/MPH/PharmD preferred

Tools

Excel

PowerPoint

Word

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 Senior Manager, Product (Trend Strategy) will be responsible for product management and development that enables effective strategy, operation, and implementation of drug cost reduction initiatives. You will assist in the creation and execution of new strategic initiatives, pilots, and products, along with development of detailed strategic analyses and proposals.

In this role, you will be required to collaborate with multiple stakeholders within CVS Caremark with a focus on successfully launching new strategies and/or products. This will include building strong long-term relationships enabling the organization to meet its specific goals. It is common for this role to work with Operations, Formulary Administration, Medical Affairs, Trade, Legal, Analytics, Sales and many other teams. The environment will be ambiguous and uncertain at times. The ideal candidate will have demonstrated success in this type of fast-paced environment, with the ability to learn on the fly while understanding and solving new problems. Success will require the ability to swerve quickly, adjust to changing circumstances, and identify creative solutions to brand new challenges. This position reports to Lead Director, PBM Product Administration.

Required Qualifications

7-10 years relevant work experience required in a setting requiring strong independent ownership and ability to think strategically to identify and improve current work processes/results (such as internal or external management consulting)

Preferred Qualifications

• Working knowledge of Caremark formularies and/or PBM operations will be valued
• Significant business, strategic and financial acumen
• Exceptional organizational skills, including the ability to manage multiple concurrent requests under tight deadlines.
• Ability to effectively communicate with both senior and junior audiences, including influencing executives, presenting to large audiences with lots of questions, and translating complex quantitative considerations to a message that non-quantitative colleagues can easily understand.
• Excellent interpersonal and collaboration skills, with a positive attitude and a growth mindset
• Ability to self-prioritize and work independently
• Ability to balance the needs of multiple stakeholders simultaneously, including partners that have conflicting objectives.
• Strong working knowledge of MS Office applications such as Excel, PowerPoint and Word
• Positive attitude and a growth mindset

Education

• Required: Bachelor's degree or equivalent years of related experience.
• Preferred: Advanced degree such as MBA, MPH, or PharmD

Pay Range

The typical pay range for this role is:

$75,400.00 - $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.

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: 10/04/2026

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