VP, Rebate & Pharmacy Benefit Manager Operations

CVS Health; United States; Remote; USD 210,000 - 310,000; Full time

Job summary

CVS Health is seeking a VP, Rebate and Pharmacy Benefit Manager Operations to lead a team focused on financial operations excellence. This role involves overseeing significant financial transactions and enhancing operational processes to meet client needs. The ideal candidate will have extensive experience in financial operations and healthcare, along with strong leadership skills.

Benefits

Medical Benefits

Dental Benefits

Vision Benefits

401(k)

Employee Stock Purchase Plan

Life Insurance

Disability Benefits

Education Assistance

Paid Time Off

Qualifications

• 15+ years of experience in financial operations.
• 10+ years in healthcare, including health insurance or pharmacy services.

Responsibilities

• Oversee financial operations teams managing $500 billion of transactions annually.
• Develop and lead high-performing teams with a customer service mindset.

Skills

Financial Operations

Customer Service

Project Management

Diversity and Inclusion

Education

Bachelor’s Degree

Master’s Degree

Tools

Excel

Access

Visio

MS Project

Job description

At CVS Health, we’re building a world of health around every consumer and surrounding ourselves with dedicated colleagues who are passionate about transforming health care.

As the nation’s leading health solutions company, we reach millions of Americans through our local presence, digital channels, and more than 300,000 purpose-driven colleagues – caring for people where, when, and how they choose in a way that is uniquely more connected, more convenient, and more compassionate. And we do it all with heart, each and every day.

Job Description

The VP, Rebate and Pharmacy Benefit Manager (PBM) Operations will lead a team of approximately 400 full-time colleagues dedicated to client service excellence, strong financial controls, and technology-driven financial solutions. This role oversees a broad array of financial operations activities for the Caremark Pharmacy Services Segment, including Medicare Part D financial management, rebate financial management, client guarantee management, revenue cycle, pharmacy adjustment services, member financial services, and audit management.

This role is key to supporting CVS’ ability to achieve its financial and strategic goals by optimizing financial performance on behalf of our clients and leading initiatives to modernize operational processes and systems.

Major Responsibilities

• Oversee financial operations teams managing roughly $500 billion of transactions annually, focusing on operational improvement, efficiency, and productivity.
• Develop and lead high-performing teams with a customer service mindset, managing employee engagement.
• Create simplicity and continuously improve products to meet evolving client needs and manage pricing and contractual terms.
• Partner with FP&A and Accounting teams for faster financial performance insights.
• Support CVS Health in attracting, retaining, and engaging a consumer-centric workforce that reflects our purpose and communities.

Required Qualifications

• 15+ years of experience in financial operations
• 10+ years in healthcare, including health insurance, PBM, or pharmacy services
• Expertise in Finance, Accounting, and Financial Operations principles (GAAP, FP&A, cash management, revenue cycle)
• Proficiency with analysis and project management tools such as Access, Excel, Visio, MS Project
• Significant PBM industry knowledge and understanding of contractual terms
• Commitment to diversity, equity, and inclusion, modeling inclusive behaviors and managing bias
• Willingness to travel as needed

Preferred

• Hub offices: Hartford, CT / Woonsocket, RI / Northbrook, IL / Scottsdale, AZ

Education

• Bachelor’s Degree (required)
• Master’s Degree (preferred)

Compensation & Benefits

The typical pay range is $210,000 - $310,000, depending on experience, education, and location. The role includes eligibility for bonuses, incentives, and equity awards. Benefits include medical, dental, vision, 401(k), Employee Stock Purchase Plan, life insurance, disability benefits, well-being programs, education assistance, discounts, and paid time off.

For more information, visit jobs.CVSHealth.com/benefits. The application window closes on 05/30/2025.