Manager FP&A at CVS Health

Virginia, Minnesota, 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, MedicaidIndustries

Requirements

5+ years of experience with financial planning and analysis
3+ years of experience working with Excel
Strong time management, organization, and communication skills
Strong attention to details
Ability to work in a dynamic environment
Ability to juggle multiple deliverables with hard deadlines, prioritize, and work effectively
Previous finance and accounting skills working in the healthcare field (Medicaid preferred)
Ability to manipulate large data sets
Ability to articulate trends through data and analytics
Strong analytical thinking and problem-solving skills
Strong organizational skills, including prioritization
Work according to Central/Eastern time zone hours

Responsibilities

Prepare and deliver, in a timely and accurate manner, daily, weekly, and/or monthly financial reports, regulatory reports, and financial packages to support the achievement of organizational objectives
Develop and communicate financial projection assumptions
Create effective reporting to support leadership reviews during quarterly projection cycles
Analyze drivers of variances to forecasts and budgets
Understand and create reporting to explain general and administrative costs, both indirect and direct
Assist audit team lead by getting deliverables in shape to provide to external auditors
Perform state reporting as needed
Evaluate internal reporting such as the Restatement Report and the MLR/UWG report
Conduct in-depth financial analysis to evaluate financial performance including analyzing profitability, medical expense, and administrative costs
Provide reporting and insight to competitors utilizing reporting publicly available on the DMAS website
Enhance processes to incorporate additional financial detail to better support the Virginia Medicaid health plan
Contribute to monthly and quarterly reporting packages and formal business reviews, and participate in leadership presentations
Ensure quality financial summaries and present complex dashboard information to management
Collaborate with business leaders to identify areas of improvement, cost-saving opportunities, and revenue growth strategies
Identify trends in data analysis and report key findings to manager
Prepare complex ad hoc monthly reports as needed for expenses, staffing, and key performance metrics
Streamline processes for efficiency and identify cost and time savings opportunities within defined scope
Understand and articulate key business drivers and market trends

Skills

Key technologies and capabilities for this role

Financial ReportingForecastingFinancial AnalysisData ManipulationExcelPerformance ManagementRegulatory ReportingAccountingTime ManagementCommunicationCross-functional Collaboration

Questions & Answers

Common questions about this position

What is the salary or compensation for the Manager FP&A role?

This information is not specified in the job description.

Is this Manager FP&A position remote or does it require office work?

This information is not specified in the job description.

What skills are required for the Manager FP&A position?

The role requires strong time management, organization, and communication skills, along with strong attention to detail, the ability to work in a dynamic environment, juggle multiple deliverables with hard deadlines, manipulate large data sets, and previous finance and accounting skills in the healthcare field, with Medicaid preferred.

What is the team structure like for this FP&A Manager role?

You will be a collaborative member of a small finance team, working cross-functionally with actuarial, accounting, finance, operations, and various functional health plan leadership.

What makes a strong candidate for the Manager FP&A role at CVS Health?

The ideal candidate is an excellent communicator who is curious, able to manipulate large data sets, articulate trends through data and analytics, and has finance and accounting experience in healthcare, preferably Medicaid, to drive insightful reporting and support financial and strategic goals.

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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