Financial Operations Analyst

About the Role

We’re building a world of health around every individual — shaping a more connected, convenient and compassionate health experience. At CVS Health®, you’ll be surrounded by passionate colleagues who care deeply, innovate with purpose, hold ourselves accountable and prioritize safety and quality in everything we do. Join us and be part of something bigger – helping to simplify health care one person, one family and one community at a time.

Position Summary

The Rebate Reconciliation Analyst position will primarily be engaged in rebate reconciliation activities, payment analysis, dispute resolution, reserve analysis and other related financial analyses. This includes working closely with internal partners such as Trade Relations / Legal / Accounting and external partners such as Pharmaceutical Manufacturers.

Key Responsibilities

• Review and comprehend all contract terms applicable to the Reconciliation function
• Track and apply payments due from pharmaceutical manufacturers
• Identify any late payments and request late fee billing as required by contract
• Manipulate and Analyze payment data from pharmaceutical manufacturers
• Reconcile payment data received with Invoiced amount to identify all items disputed by pharmaceutical manufacturers
• Analyze and research all variances and disputed items and determine whether to accept or reject disputes
• Communicate with pharmaceutical manufacturers regarding variances and disputes
• Update internal dispute tracking data file on a monthly basis
• Perform analysis of required reserves on a monthly basis
• Investigate and respond to questions/inquiries regarding the status of open balances

Requirements & Tech Stack

• Detail oriented and proven analytical skills
• Ability to handle basic to intermediate data manipulation and analysis
• Excellent written and oral communication skills
• 6+ months financial or analytical experience
• 6+ months experience with Microsoft Excel

Qualifications

• Excellent problem solving skills.
• Ability to organize and prioritize workloads and meet strict deadlines.
• Bachelor’s Degree in Finance, Accounting, Business, Math, or Economics preferred or equivalent work experience.

Preferred Qualifications

• Experience working in a dynamic, fast-paced environment.
• Experience with contract administration, financial and / or data analysis, data-mining, cash reconciliations, and complex processes.
• PBM or pharmaceutical manufacturer experience and knowledge of pharmaceutical products.
• Contract interpretation experience.