Strategic FP&A Analyst, Commercial Network COGS

CVSHealth; California (MO); On-site; USD 47,000 - 112,000; Full time

Job summary

CVS Health is seeking a Senior Analyst, FP&A – Commercial Network Performance (COGS) to support planning, forecasting, and variance analysis for Non-Medicare commercial pharmacy network costs across Large Client, CarelonRx, Aetna, FEHBP, and Maintenance Choice.

You will build financial models, analyze MAC rates, drug mix, and utilization, and deliver weekly performance packs to leadership. This role partners with the Network Pricing and Operations teams and requires strong Excel skills.

Qualifications

• Financial planning and cost analysis experience, ideally in a PBM, managed care, or health benefits environment.
• Understanding of pharmacy COGS drivers including MAC pricing, drug mix, and pharmacy network utilization.
• Proficiency in Excel and experience with large data sets.

Responsibilities

• Supports the development of annual operating plan, multi-year plan, and quarterly COGS forecasts for Non-Medicare commercial segments, including drug-level and pharmacy-level detail.
• Performs monthly COGS variance analysis, identifying and communicating drivers including MAC rates, drug mix, pharmacy utilization, and network design changes.
• Builds and maintains financial models to assess COGS impact of MAC rate movements, formulary updates, network changes, and client-level utilization behavior.
• Prepares weekly network performance updates and management reporting packages, ensuring accuracy and clarity for leadership review.
• Supports ad-hoc analytical requests, special projects, and scenario modeling as directed by the Manager and Director.

Skills

Financial planning

Cost analysis

Excel

Data analysis

Communication

Education

Bachelor's degree or equivalent experience

Master's degree preferred

Tools

Tableau

Job description

CVS Health is seeking a Senior Analyst, FP&A – Commercial Network Performance (COGS) to support planning, forecasting, and variance analysis for Non-Medicare commercial pharmacy network costs across Large Client, CarelonRx, Aetna, FEHBP, and Maintenance Choice.

You will build financial models, analyze MAC rates, drug mix, and utilization, and deliver weekly performance packs to leadership. This role partners with the Network Pricing and Operations teams and requires strong Excel skills.