Executive Director, Rebate Finance Strategy

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 CVS Health's Pharmacy Services Finance Team is seeking an Executive Director to lead the Rebate Financial Strategy & Drug Profitability function. This role serves as the strategic finance leader for CVS Health's $70B+ annual rebate portfolio, providing financial stewardship, analytical rigor, and executive-level insight that directly influences pricing strategy, margin optimization, and long-term profitability across the PBM business. The Executive Director is accountable for setting the strategic direction, governance model, and executive decision framework for rebate financial performance and drug-level profitability across the enterprise. This leader will partner closely with VP and CFO leadership, Trade Strategy, Underwriting, and cross-functional stakeholders to shape rebate strategy, govern enterprise-wide drug-level financial assumptions, and translate complex pricing, utilization, contract, and regulatory dynamics into actionable narratives for executive decision-making. This is a high-visibility role that demands equal command of PBM economics, financial modeling, strategic storytelling, transformation leadership, and cross-functional influence. Major Resonsibilities 1. Rebate Strategy & Financial Planning • Lead financial strategy, planning, and performance management for the $70B+ rebate portfolio. • Partner with senior Finance and business leaders to drive margin optimization and long-term profitability. • Deliver executive insights on financial performance, emerging risks, market dynamics, and regulatory impacts. • Evaluate key drug and market trends to inform strategic planning and forecast accuracy. 2. Enterprise Assumptions Governance & Standardization • Establish and govern enterprise-wide financial assumptions and forecasting methodologies. • Maintain a centralized assumptions framework that drives consistency, transparency, and decision-making. • Align cross-functional stakeholders on critical drivers impacting pricing, profitability, and growth. • Strengthen governance and controls to improve forecast accuracy and financial performance. 3. Drug Profitability Analytics & Reporting • Lead enterprise drug profitability analytics and reporting strategy. • Develop actionable insights into key profitability drivers, market dynamics, and financial performance. • Deliver scenario modeling and executive decision support for strategic initiatives and investments. 4. Multi-Year Refresh (MYR) & Trade Capacity Model • Lead development of the Trade Capacity Model, a key driver of long-term profitability and COGS improvement. • Direct financial modeling and planning inputs supporting enterprise budget and multi-year forecasting processes. 5. Process Improvement, Innovation & Technology • Lead finance transformation initiatives that enhance forecasting, reporting, and operational effectiveness. • Advance analytics, automation, AI, and technology solutions to improve decision-making and productivity. • Oversee investment governance and portfolio prioritization to maximize business value and financial returns. • Drive organizational change management and adoption of new operating models and technologies. 6. Leadership, Talent Development & Stakeholder Management • Build, lead, and develop a high-performing team focused on strategic finance, analytics, a