Senior PBM Underwriting & Pricing Analyst

CVS Health; Kentucky; On-site; USD 47,000 - 122,000; Full time

Benefits offered by this job

Medical coverage

Dental coverage

Vision coverage

Paid time off

Retirement plan

Job summary

CVS Health is seeking an Underwriting Sr. Analyst to lead financial analysis and pricing strategies within its PBM and Enterprise pricing teams.

The role focuses on underwriting, pricing deployment, and strategic advisory for Caremark and Aetna, with emphasis on profitability and client value. The successful candidate will develop pricing for multiple business lines, support leadership with data-driven insights, and drive process improvements while collaborating with cross-functional partners.

Qualifications

• 3 years in a health plan actuarial role, PBM financial analysis or underwriting role, or comparable industry experience.
• Actuarial experience and actuarial certifications are a plus.
• Strong technical skills – particularly in Excel.

Responsibilities

• Assessing risk and developing recommendations to maximize client value while retaining margin first in the PBM and second in the Enterprise
• Developing pricing recommendations for multiple lines of business based on in-depth competitive analysis
• Assisting Aetna’s Underwriting leadership to develop pricing for downstream pricing by providing segment-specific data
• Completing tasks in the Caremark Underwriting models
• Modifying FAFs appropriately
• Ad-hoc analysis to support internal and client requests
• Developing and maintaining relationships with Sales and Account Management
• Developing relationships with Caremark and Aetna Finance partners to assist in margin budget development and validation
• Creating and updating multiple complex Pricing Commitment Documents to reflect Caremark’s pricing and contract terms offer for each business segment
• Advise Caremark Legal as the Underwriting subject matter expert during contract negotiations
• Provide ad hoc analysis and advise on implementation scenarios related to regulatory changes
• Work with internal partners to understand downstream implications of proposed pricing strategy and facilitate seamless, accurate, and on-time implementation
• Ability to analyze and make recommendations on questions or issues when not all the information is available; ability to self-direct to find solutions with minimal guidance
• Acquire and maintain leading-edge knowledge of PBM plan management strategies and solutions
• Ability to work both independently and part of a group in a fast-paced environment and manage tight deadlines

Skills

PBM pricing

Financial analysis

Underwriting

Excel

Data analysis

Education

Bachelor's degree in mathematics, finance, statistics, actuarial science

Tools

Caremark Underwriting models

FAF systems

Job description

CVS Health is seeking an Underwriting Sr. Analyst to lead financial analysis and pricing strategies within its PBM and Enterprise pricing teams.

The role focuses on underwriting, pricing deployment, and strategic advisory for Caremark and Aetna, with emphasis on profitability and client value. The successful candidate will develop pricing for multiple business lines, support leadership with data-driven insights, and drive process improvements while collaborating with cross-functional partners.