Job Description Would you like to join Fortune 4 CVS Health leading our multifaceted and growing Rebates Finance team!? This position is responsible for the back end administration of the CVS Health's PBM manufacturer rebate contracts including the cash collections and payment reconciliation functions.
In this role, you will be accountable for the timely collection of Trade manufacturer contract payments across multiple contract sets. Key functions include payment forecasting and reporting along with late fee assessments and for payment reconciliation across a vigorous monthly and quarterly payment cycle. Most critically, this position must ensure we meet our client commitments in terms of manufacturer revenues and ensures compliance with all policies & procedures, controls, and regulations, measures and maintains cash and reconciliation operational metrics, and maintains current training materials.
You will work very closely with the manufacturer rebate invoicing and research teams to ensure mistakes identified during the reconciliation process are corrected in future invoice cycles as well as with the Trade team, the Trade Underwriting team, and the Finance Accounting and Treasury teams to ensure alignment and maximize our manufacturer revenue efficacy.
You will play a strategic role in the evolution of our manufacturer rebate system and related processes, providing feedback and helping us drive to greater efficiencies. It is responsible for ongoing coaching and feedback of team leaders and personnel, goals and expectation setting, career development planning, and performance reviews, along with strategic planning, cost center management, and staffing decisions.
A successful candidate will have:
- Excellent leadership skills necessary to lead, inspire, develop, mentor, and engage a large and diverse team - The ability to handle multiple priorities and achieve deadlines and results, while shifting priorities. - The ability to establish and maintain collaborative relationships across functional units. - Excellent oral and written communication skills and data presentation skills. - An affinity towards and general competency with data and computer applications.
Required Qualifications -Minimum 10 years Finance experience along team leadership/management experience. -Operational and receivables experience. -Travel up to 10%, as needed
Preferred Qualifications -15+ years of relevant experience along with proven team leadership and management experience which includes the ability to recruit, engage, inspire, and development managers and staff. -Proven problem solver with skills in analyzing and operationalizing functional and strategic initiatives. -Prior knowledge of prescription claim adjudication, pharmaceutical industry, drug products, and manufacturer contracts. -Master's degree or advanced degree in relevant discipline.
Education -Bachelor's degree required
Business Overview At CVS Health, we are joined in a common purpose: helping people on their path to better health. We are working to transform health care through innovations that make quality care more accessible, easier to use, less expensive and patient-focused. Working together and organizing around the individual, we are pioneering a new approach to total health that puts people at the heart.
We strive to promote and sustain a culture of diversity, inclusion and belonging every day. CVS Health is an equal opportunity and affirmative action employer. We do not discriminate in recruiting, hiring or promotion based on race, ethnicity, sex/gender, sexual orientation, gender identity or expression, age, disability or protected veteran status or on any other basis or characteristic prohibited by applicable federal, state, or local law. We proudly support and encourage people with military experience (active, veterans, reservists and National Guard) as well as military spouses to apply for CVS Health job opportunities.
Internal Number: 1690790BR
About CVS Health
Combining CVS Health and Aetna was a transformative moment for our company and our industry, establishing CVS Health as the nation’s premier health innovation company. Through our health services, insurance plans and community pharmacists, we’re pioneering a bold new approach to total health. As a CVS Health colleague, you’ll be at the center of it all.
At CVS Health, we work every day to help people on their path to better health. Never has it been more important for us to deliver on our purpose to our valued customers, patients, members, and employees. With a presence in communities across the country, CVS Health colleagues are and will continue to be a critical piece of the country’s health care solution. The health and safety of our employees, patients, customers, and members is our top priority as we face the impact of COVID-19 together. If you would like to learn about the actions we are taking as a company as we learn more about COVID-19 and its spread, we encourage you to visit our COVID-19 resource center at https://cvshealth.com/covid-19
We offer a diverse work experience that empowers colleagues for career success. In addition to skill and experience, we also seek to... attract and retain colleagues whose beliefs and behaviors are in alignment with our core values of collaboration, innovation, caring, integrity and accountability.
CVS Health is an equal opportunity/affirmative action employer. Gender/Ethnicity/Disability/Protected Veteran – we highly value and are committed to all forms of diversity in the workplace. We proudly support and encourage people with military experience (active, veterans, reservists and National Guard) as well as military spouses to apply for CVS Health job opportunities. We comply with the laws and regulations set forth in the following EEO is the Law Poster: EEO IS THE LAW and EEO IS THE LAW SUPPLEMENT. Please note that we only accept applications for employment via this site.
We provide reasonable accommodations to qualified individuals with disabilities. If you need to request an accommodation, a qualified interpreter, written information in other formats, translation or other services, please contact our Advice and Counsel Reasonable Accommodations team by emailing Advice and Counsel Reasonable Accommodations team or calling 877-805-9511.
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