Senior Analyst, Underwriting

Start free →

Or apply yourself on the official page →

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 Do you want to make a large impact in your next role? Join CVS Health as an Underwriting Sr. Analyst, where you will be responsible for Financial Analysis and Underwriting within the team. Here, you will work on key pricing activities to retain and grow pharmacy lives and support CVS Health and Finance leadership to drive value through network and formulary pricing strategies on multiple levels. In this high impact position, you will support key underwriting and financial analysis activities. This role will manage vast, complex Pharmacy Benefit Management (PBM) pricing strategies and pricing deployment designed to meet the business needs of the CVS Health Enterprise (PBM and Aetna as the client), and acts in an advisory capacity to the Aetna Underwriting team responsible for its downstream customers’ pricing.  This position will report into the Sr. Manager of PBM Underwriting. The successful candidate will prioritize developing expert knowledge of the PBM and Health Plan Insurance industry economics and will have proven their ability to work on a high-performing team of knowledge-based employees with the necessary business acumen and technical skills to contribute to the goals of their team. The successful candidate will also have a track record of demonstrating the skill sets necessary to build a deep understanding of the client’s business and goals in order to successfully execute on strategies targeted at improving financial outcomes with supporting data. The successful candidate will also demonstrate a high level of consistency and expertise in using logic and analytic skills independently to direct client analysis in response to specific business questions and be able to communicate the findings, including methodology and estimated outcomes. Additionally, the successful candidate will have proven experience driving process improvement and executing support capabilities to meet existing and future client needs and will work with internal teams to enhance analytic support for clients. This will require an understanding of levers of PBM and enterprise profitability as well as utilizing, improving, or developing new tools and processes for pricing current and prospective clients.  It would be particularly beneficial to have experience in the Caremark underwriting models and EOS, as well as the Fee Authorization Form (FAF) systems. Responsibilities include: • Assessing risk and developing recommendations to maximize client value while retaining margin first in the PBM and second in the Enterprise • Developing pricing recommendations for multiple lines of business based on in-depth competitive analysis • Assisting Aetna’s Underwriting leadership to develop pricing for downstream pricing by providing segment-specific data • Completing tasks in the Caremark Underwriting models • Modifying FAFs appropriately • Ad-hoc analysis to support a variety of internal and client requests • Developing and maintaining relationships with Sales and Account Management • Developing relationships with Caremark and Aetna Finance partners to assist in margin budget development and validation • Creating and updating multiple complex Pricing Commitment Documents to reflect Caremark’s pricing and contract terms offer for each business segment • Advise Caremark Legal as the Underwriting subj

View the official posting →