Manager, HR Benefits Strategy 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, Health InsuranceIndustries

Requirements

5+ years of experience in a similar role, with a focus on benefit strategy
Experience working with large corporate benefits plans
Bachelor’s degree required or equivalent work experience
Willingness to travel up to 10% (including airplane)
Critical thinking and analytical skills
Preferred Qualifications
Knowledge of Health and Welfare Benefit plans
Proficiency in Microsoft products including Word, Excel, and PowerPoint
Ability to analyze data and metrics to evaluate benefits programs and identify improvement opportunities
Organizational skills for managing multiple benefits programs and ensuring regulatory compliance
Attention to detail for accuracy in benefits administration and adherence to policies and regulations
Excellent written, oral communication, and presentation skills
Experience developing analyses, presentations, and support material for decision-making and strategy implementation
Ability and courage to contribute to blue-sky strategy discussions and make recommendations

Responsibilities

Support a comprehensive benefits program that addresses the emotional and physical health of colleagues
Lead initiatives to promote various Benefits plans and programs
Apply data from utilization and colleague surveys to inform and improve programs and initiatives
Serve as a trusted advisor to leadership as a member of the benefits team
Contribute and review benefits communications and plan documents
Build relationships internally and collaborate effectively with other HR teams including Shared Services, Vendor Management, Communications, Finance, and Legal
Identify, analyze, and address service issues; recommend and implement short- and long-term solutions; actively listen and respond to escalations with empathy
Ensure that all benefits programs comply with federal, state, and local regulations
Support Annual Enrollment including Benefits presentations to colleague groups, as requested
Identify solutions to program challenges and make recommendations for process enhancements
Support senior leaders within the HR Benefits team

Skills

Key technologies and capabilities for this role

HR BenefitsBenefits StrategyData AnalysisCritical ThinkingRegulatory ComplianceStakeholder ManagementAnnual EnrollmentProgram ManagementVendor ManagementEmployee Communications

Questions & Answers

Common questions about this position

What is the pay range for the Manager, HR Benefits Strategy role?

The typical pay range for this role is $66,330.00 - $145,860.00.

Is this a remote position, or is travel required?

This information is not specified in the job description. However, the role requires willingness to travel up to 10% (including airplane).

What are the required qualifications for this position?

Candidates need 5+ years of experience in a similar role with a focus on benefit strategy, a Bachelor’s degree or equivalent work experience, and critical thinking and analytical skills.

What is the company culture like at CVS Health?

CVS Health emphasizes building a world of health with dedicated, purpose-driven colleagues who are passionate about transforming health care in a connected, convenient, and compassionate way.

What makes a strong candidate for this role?

Strong candidates have 5+ years in benefit strategy, experience with large corporate benefits plans, proficiency in Microsoft products, data analysis skills, excellent communication, and the ability to contribute to strategy discussions.

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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