Enterprise Procurement Contracts Manager at CVS Health

Woonsocket, Rhode Island, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, ProcurementIndustries

Requirements

Knowledge of corporate contract and purchasing policies
Ability to draft, prepare, and review contract documents in accordance with company policies and procedures
Skills in negotiating key terms including legal and business terms for risk mitigation and value
Capability to analyze contract requirements, provisions, terms, and conditions for compliance with laws, regulations, policies, and procedures
Experience performing work on special projects with visibility to senior leadership
Ability to implement change, lead projects, and manage teams of Contract Analysts
Strong communication skills to convey terms and conditions to internal and external stakeholders
Proficiency in collaborating with internal teams and business partners to draft and negotiate provisions
Experience interacting with subject matter experts (e.g., Legal, Sourcing, Information Security, Risk Management, Privacy, Tax, Finance)
Ability to partner with Sourcing on RFP development, answer legal questions, and highlight key issues
Skills as a key point of contact for escalated contract issues, disputes, and communication across Legal, Finance, Senior Leadership, business teams, and vendors
Mentoring and guiding capabilities (implied for Contract Analysts or teams)

Responsibilities

Draft, negotiate, and finalize IT and Non-IT contracts for non-merchandise goods and services
Represent Enterprise Procurement on project teams reporting to senior leadership for strategic initiatives, savings, policy enforcement, supplier diversity, and M&A integration
Draft, prepare, and review contract documents to minimize exposure and maximize benefits
Negotiate all key terms of contract documents for risk mitigation and enterprise value
Analyze contracts for compliance with laws, regulations, corporate policies, and business procedures
Perform special projects assigned by management with senior leadership visibility
Lead larger projects by managing Contract Analysts for high-visibility engagements
Communicate required terms and conditions to internal and external stakeholders
Collaborate with internal teams and partners to draft, negotiate, and document scopes of work, SLAs, financial incentives, etc
Interact with CVS SMEs (Legal, Sourcing, InfoSec, Risk, Privacy, Tax, Finance) to reflect policies in contracts
Partner with Sourcing on RFPs, provide contractual docs, answer legal questions, and flag issues for award decisions
Act as key contact for status and resolution of escalated contract issues and disputes
Mentor and guide team members

Skills

Key technologies and capabilities for this role

Contract DraftingContract NegotiationProcurementIT ContractsNon-IT ContractsRisk MitigationSupplier DiversityMergers and AcquisitionsStrategic SourcingLegal Terms Negotiation

Questions & Answers

Common questions about this position

What are the main responsibilities of the Enterprise Procurement Contracts Manager role?

The role involves drafting, negotiating, and finalizing IT and Non-IT contracts for non-merchandise goods and services, ensuring compliance with policies and regulations, representing procurement on project teams with senior leadership, and supporting supplier diversity and M&A integration.

Is this a remote or on-site position?

This information is not specified in the job description.

What is the salary or compensation for this role?

This information is not specified in the job description.

What skills are essential for success in this position?

Key skills include contract drafting and negotiation, analyzing terms for compliance with laws and policies, effective communication with stakeholders, project management including leading teams of analysts, and interacting with senior leadership and subject matter experts.

What experience or qualities make a strong candidate for this role?

Strong candidates have experience in contract negotiation and compliance, the ability to manage projects and lead teams of analysts, excellent communication skills for internal and external stakeholders, and comfort working with senior leadership on high-visibility initiatives.

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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