Senior Manager, Reimbursement Modeling & Analytics

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 Senior Manager, Reimbursement Modeling & Analytics will be responsible for advancing and expanding the organization’s PBM deal modeling capabilities. This role will focus on strengthening financial model rigor and accuracy through evaluating, testing, and refining key inputs and assumptions, and applying deep analytical granularity across drug type, geography, and health plan dimensions. The role will also integrate financial impacts that are currently handled outside of the core model, enabling a more comprehensive and decision‑ready view of deal economics. This role sits at the intersection of analytics, finance, and strategy and requires a strong ability to understand how value is created within PBM deals and where the underlying economic levers exist. The Senior Manager will work independently on complex, ambiguous problems while partnering with cross‑functional stakeholders and clearly communicating insights, risks, and recommendations.

Key Responsibilities:

• Test and validate core deal model assumptions and performance (including budget vs. actuals), identify drivers of variance, and recommend targeted model improvements

• Refine and maintain key inputs, assumptions, and methodologies to improve deal model accuracy, credibility, and decision usefulness.

• Expand the deal model to enable more granular analysis (e.g., by drug type, geography, and plan) and incorporate additional financial impacts currently managed outside the model

• Identify and clearly articulate the base value drivers and economic levers within PBM deals, translating complex analytical outputs into actionable insights and recommendations for stakeholders

• Manage multiple analytical workstreams end-to-end, partnering cross-functionally with finance, strategy, and other stakeholders to align on assumptions, outputs, use cases, and scalable documentation/usability

Required Qualifications:

• 5+ years of experience in analytics, finance, strategy, or consulting

• Demonstrated critical thinking and structured problem-solving skills

• Strong ability to understand how value is created in complex financial/commercial models, including identifying core economic levers and key trade-offs

• Proven ability to work independently in ambiguous environments and drive work end-to-end, with strong prioritization and deadline management

• Strong written and verbal communication skills, plus the ability to work with relational databases

Preferred Qualifications:

• Experience in PBM or pharmacy; experience in healthcare or pharmaceutical industry

• Working knowledge of SQL and/or Python

• Ability to perform statistical inference, such as correlation, measures of central tendency, regression analyses, etc.

• MBA or equivalent advanced degree

Education:

Bachelor's degree or equivalent experience

Pay Range

The typical pay range for this role is:

$82,940.00 - $182,549.00
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.

Our people fuel our future. Our teams reflect the customers, patients, members and communities we serve and we are committed to fostering a workplace where every colleague feels valued and that they belong.

Great benefits for great people

We take pride in offering a comprehensive and competitive mix of pay and benefits that reflects our commitment to our colleagues and their families.

This full‑time position is eligible for a comprehensive benefits package designed to support the physical, emotional, and financial well‑being of colleagues and their families. The benefits for this position include medical, dental, and vision coverage, paid time off, retirement savings options, wellness programs, and other resources, based on eligibility.
Additional details about available benefits are provided during the application process and on Benefits Moments.

We anticipate the application window for this opening will close on: 05/11/2026

Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.