Senior Underwriting & Pricing Analyst – PBM Focus

CVS Health; Vermont; Hybrid; USD 47,000 - 122,000; Full time

Benefits offered by this job

Medical, dental, vision coverage

Paid time off

Retirement savings options

Wellness programs

Job summary

CVS Health is seeking an Underwriting Sr. Analyst to lead financial analysis and underwriting within the PBM pricing team. You will drive pricing strategies for pharmacy lives and support CVS Health leadership with data-driven insights across Caremark and Aetna partnerships.

The role emphasizes managing PBM pricing models, delivering analyses to guide pricing decisions, and ensuring timely, accurate implementation in a fast-paced environment.

Qualifications

• 3 years in a health plan actuarial role, PBM financial analysis or underwriting role.
• Prior PBM/Health Plan or PBM/Employer experience.
• Actuarial certifications a plus.
• Strong Excel skills.

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 a variety of 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

Excel

Analytical thinking

Education

Bachelor's degree in mathematics, finance, statistics, actuarial science or other risk management or data related fields or equivalent experience

Job description

CVS Health is seeking an Underwriting Sr. Analyst to lead financial analysis and underwriting within the PBM pricing team. You will drive pricing strategies for pharmacy lives and support CVS Health leadership with data-driven insights across Caremark and Aetna partnerships.

The role emphasizes managing PBM pricing models, delivering analyses to guide pricing decisions, and ensuring timely, accurate implementation in a fast-paced environment.