Financial Operations Analyst
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Job Description
Financial Operations Analyst reconciling pharmaceutical manufacturer rebates for CVS Health. Analyzing payments, disputes, reserves, and drug-spend savings.
Responsibilities:
- Review and comprehend all contract terms applicable to the reconciliation function
- Track and apply payments due from pharmaceutical manufacturers
- Identify late payments and request late fee billing as required by contract
- Manipulate and analyze payment data from pharmaceutical manufacturers
- Reconcile payment data with invoiced amounts to identify disputed items
- Analyze and research 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 monthly
- Perform monthly analysis of required reserves
- Investigate and respond to questions and inquiries regarding open balances
- Work closely with internal partners including Trade Relations, Legal, and Accounting, and external pharmaceutical manufacturer partners
- Help drive value for clients by reducing overall drug spend
Requirements:
- 6+ months financial or analytical experience
- 6+ months experience with Microsoft Excel
- Excellent problem solving skills
- Detail oriented and proven analytical skills
- Ability to organize and prioritize workloads and meet strict deadlines
- Ability to handle basic to intermediate data manipulation and analysis
- Excellent written and oral communication skills
- Bachelor's Degree in Finance, Accounting, Business, Math, or Economics preferred or equivalent work experience
- Experience working in a dynamic, fast-paced environment preferred
- Experience with contract administration, financial and/or data analysis, data-mining, cash reconciliations, and complex processes beneficial
- PBM or pharmaceutical manufacturer experience and knowledge of pharmaceutical products preferred
- Contract interpretation experience preferred
Benefits:
- CVS Health bonus, commission or short-term incentive program in addition to base pay range
- Medical coverage
- Dental coverage
- Vision coverage
- Paid time off
- Retirement savings options
- Wellness programs
- Other resources supporting physical, emotional, and financial well-being, based on eligibility
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