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Position Summary

This team will be responsible for driving targets and goals with Network, Stars, and Revenue Integrity teams for each of the 4-5 regions that Medicare operates under. This organization will help strengthen the teams that currently support the CMOs and ensure accurate and timely financial accountability.

This team will also play an important part in helping to align and communicate the Medicare Local Market teams around current performance, and the forecasts and Budgets that are completed. The team will continue to drive enhanced reporting with the CMOs and the Product Performance team, understand the competitive landscape, support ROI analysis, and ensure Local Markets deliver on SG&A forecasts.

Primary Responsibilities:

• General oversight of financial activities for a business unit/function. Partner with management to analyze and support P&L responsibility. You will support the FP&A process and will analysis to support financial decision-making.

• Lead/Support the coordination and development of business unit financial plans. Partner with business leaders to accomplish short and long-range strategic plans and execution across several departments. Coordinate development and monitor implementation of major action plans. Seize competitive opportunities and respond to performance shortfalls/plan variances. You will support the business and lead/support our forecasting and strategic planning process. Assist with the ongoing monitoring of results and metrics.

• Manage the financial planning process (Forecast, Budget, Strategic Plan)

• Coordinate all month-end and planning deliverables.

• Leads area processes for the organization's Financial Planning & Analysis area, and ensures methods align with the overall business strategy.

• Formulates organizational policies, goals, and objectives based on best practices in the field.

• Defines programs for the implementation and monitoring of the organization's financial reporting.

• Develops methodology for leading the organization's annual budgeting process.

• Advises management on business decisions using key financial analysis and metrics.

• Administers the financial planning, forecasting, and modeling processes.

• Establishes analysis of revenue activity trends and monitors of key performance indicators to identify competitive opportunities and performance gaps.

• Manages team performance through regular, timely feedback as well as the formal performance review process to ensure delivery of exceptional services and engagement, motivation, and team development.

  Required Qualification:

• 12+ years of relevant financial experience

• Knowledge of: Financial Management, Expense Management, Medicare Bids, Stars, Risk Adjustment

• Skill In: Ability to make sound judgements, Effective Communications; ability to prepare, present and discuss findings and recommendations, Skill in Influence and Negotiation, Financial Analysis & Reporting

• Ability To: Mentor and Coach, Collaborate and Influence

• Partner with the CMOs, Network, Stars, Revenue Management, and Performance Management teams to drive local market performance and accountability across the 4-5 Medicare regions. Help set targets for unit cost, VBC and Provider Collaboration oversight, HHVs, Chart collection, In-Office Program, and Stars initiatives.

• Drive with key business partners the expansion of VBC, Provider Collaboration (ie Risk deals) across the local markets. Ensure deals are accurately, create effective savings, and are booked timely into financial statements and Forecasting/Budgeting processes.

• Understand and effectively communicate the competitive landscape and work with the CMOs to drive better innovative solutions to drive higher than market growth and exceed financial results.

• Support SG&A forecasts and Budgeting cycles through proper planning of activities and FTEs. Driving efficiencies over time.

• Lead annual process to continue to enhance local market P&L and Dashboard reporting to support effective communication and drive results. Process should include feedback from key business partners.

  Education

• Bachelor’s degree required

Pay Range

The typical pay range for this role is:

$131,500.00 - $303,200.00

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. In addition to your compensation, enjoy the rewards of an organization that puts our heart into caring for our colleagues and our communities. The Company offers a full range of medical, dental, and vision benefits. Eligible employees may enroll in the Company’s 401(k) retirement savings plan, and an Employee Stock Purchase Plan is also available for eligible employees. The Company provides a fully-paid term life insurance plan to eligible employees, and short-term and long term disability benefits. CVS Health also offers numerous well-being programs, education assistance, free development courses, a CVS store discount, and discount programs with participating partners. As for time off, Company employees enjoy Paid Time Off (“PTO”) or vacation pay, as well as paid holidays throughout the calendar year. Number of paid holidays, sick time and other time off are provided consistent with relevant state law and Company policies. For more detailed information on available benefits, please visit jobs.CVSHealth.com/benefits

We anticipate the application window for this opening will close on: 07/25/2024

We are an equal opportunity and affirmative action employer. We do not discriminate in recruiting, hiring, promotion, or any other personnel action based on race, ethnicity, color, national origin, sex/gender, sexual orientation, gender identity or expression, religion, age, disability, protected veteran status, or any other characteristic protected by applicable federal, state, or local law.