Contracts Senior Manager, Enterprise Procurement Contracts at CVS Health

Woonsocket, Rhode Island, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, ProcurementIndustries

Requirements

Report to the office every Tuesday and Wednesday each week and two Thursdays per month (Hybrid Work Model)
Located in Woonsocket, RI or other approved Hub (e.g., Hartford, CT)

Responsibilities

Draft, prepare, and review contract documents in accordance with established company policies and procedures to minimize potential exposure while maximizing benefits
Negotiate all key terms of a variety of contract documents, including legal and business terms, to provide appropriate risk mitigation and value for the enterprise
Analyze contract requirements, special provisions, terms, and conditions to ensure compliance with laws, regulations, corporate policies, and business unit procedures
Perform work on special projects as assigned by management with direct line of sight to senior leadership
Implement change and lead larger projects by managing a larger group of Contract Analysts for highly visible engagements
Effectively communicate the importance and intent of required terms and conditions to internal and external stakeholders
Regularly communicate with internal team members and business partners to draft and negotiate pertinent provisions and accurately memorialize terms into scopes of work, service level agreements, financial incentives, turn-around-times, or similar documents
Interact consistently with key CVS subject matter experts (e.g., Legal, Sourcing (IT and Non-IT), Global Security, Information Governance, Risk Management, Privacy, Tax, Finance areas) to ensure policies and procedures are reflected in contract documents and vendor communications
Partner with Sourcing colleagues to support development of RFP requests by providing contractual documentation, answering questions from participants' legal counsel, and ensuring problematic provisions are raised for internal consideration
Support the CVS Health enterprise in drafting, negotiating, and finalizing IT and Non-IT deals and contractual documents for non-merchandise goods and services in accordance with corporate contract and purchasing policies
Lead and/or represent Enterprise Procurement on project teams involving CVS senior leadership for enterprise-wide strategic initiatives, savings initiatives, policy enforcement, regulatory compliance, business goals, supplier diversity, and supplier integration for mergers and acquisitions

Skills

Key technologies and capabilities for this role

Contract DraftingContract NegotiationProcurementIT ContractsNon-IT ContractsVendor ManagementSupplier DiversityMergers and AcquisitionsStrategic SourcingPolicy ComplianceRegulatory Compliance

Questions & Answers

Common questions about this position

What is the work arrangement for this role?

This is a hybrid work model requiring reporting to the office every Tuesday and Wednesday each week and two Thursdays per month, based in Woonsocket, RI or other approved Hub like Hartford, CT.

What are the key responsibilities of this position?

The role involves drafting, negotiating, and finalizing IT and Non-IT contracts, analyzing terms for compliance, leading projects with senior leadership visibility, managing Contract Analysts, and supporting supplier diversity and M&A integration.

What skills are required for the Contracts Senior Manager role?

Key skills include drafting and reviewing contracts per company policies, negotiating legal and business terms, analyzing contract requirements for compliance with laws and regulations, effective communication with stakeholders, and leading project teams.

What is the company culture like at CVS Health?

CVS Health emphasizes a purpose-driven environment with over 300,000 colleagues passionate about transforming health care, focusing on connected, convenient, and compassionate care done with heart.

What makes a strong candidate for this role?

Strong candidates have experience drafting and negotiating contracts, analyzing compliance with policies and regulations, leading project teams with senior leadership exposure, managing analysts, and communicating effectively with internal and external stakeholders.

CVS Health

Comprehensive pharmacy and healthcare services

About CVS Health

CVS Health operates a large network of retail pharmacies and walk-in medical clinics across the United States, providing a variety of health-related products and services. Their offerings include prescription medications, over-the-counter health products, and beauty items, as well as pharmacy benefits management and specialty pharmacy services. CVS Health's integrated business model allows them to serve individual consumers, businesses, and communities effectively, with a focus on improving health outcomes and reducing healthcare costs. Unlike many competitors, CVS Health combines pharmacy services with medical care, making it easier for patients to access quality healthcare. The company's goal is to enhance access to healthcare and support individuals in achieving better health.

Woonsocket, Rhode IslandHeadquarters

1963Year Founded

DEBTCompany Stage

Healthcare, Consumer GoodsIndustries

10,001+Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

Company Equity

Wellness Program

Professional Development Budget

Paid Vacation

Paid Holidays

Risks

Legal challenges related to opioid prescriptions could harm CVS's reputation and finances.

The DOJ's intervention in a whistleblower lawsuit may increase legal costs for CVS.

The Horizon Organic Milk recall exposes potential vulnerabilities in CVS's supply chain.

Differentiation

CVS Health operates over 9,600 retail pharmacies and 1,100 walk-in clinics nationwide.

The company integrates pharmacy benefits management with specialty pharmacy services for comprehensive care.

CVS Health offers tailored medication plans through personalized medicine and pharmacogenomics.

Upsides

Expansion of telehealth services allows CVS to reach more patients remotely.

Increased consumer interest in wellness boosts demand for CVS's health-related products.

The trend towards value-based care aligns with CVS's integrated healthcare approach.

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