Senior Financial Analyst 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, Finance, ITIndustries

Requirements

2 or more years of experience in an FP&A role (or 3 years in corporate IT finance)
2 or more years of experience performing actuals vs budget variance analysis
2 or more years of experience with Microsoft Excel
2 or more years of experience with Clarity PM and/or SAP ERP products
Bachelor's degree in Computer Science, Business Administration, Engineering or related discipline with information technology focus or equivalent work experience (MBA preferred)
Strong verbal and written communication skills (preferred)
Ability to work independently on ad-hoc assignments and projects (preferred)
Comfortable speaking to Senior Management and Executive Leadership (preferred)

Responsibilities

Performing month-end (ME) journal entries, variance analyses, and reporting for multiple areas within the segment IT portfolio
Developing financial models and templates to upload the IT maintenance budget and forecast in SAP
Partnering with the IT business to create informed templates to upload SG&A expenses into SAP/S4-Hana (Cost Center level)
Partnering with the cost center owners to ensure Labor and non labor cost are accurately maintained and reported
Performing monthly financial analyses based on KPIs to be reviewed and consolidated by the Director of the HCD IT FP&A team for inclusion in regular Senior Management meetings
Coordinating and supporting frequent engagements with the Director of HCD IT FP&A, PMO and various direct reports of the IT Leadership team in support of building yearly budgets and quarterly forecasts assumptions
Assisting the Director of HCD IT FP&A with any ad-hoc requests
Tracking, analyzing, and reporting on the financial impact of current and proposed IT & business investments
Developing and maintaining KPI performance tracking models for multi-year IT projects

Skills

Financial Analysis

Variance Analysis

SAP

SAP S/4Hana

Financial Modeling

Journal Entries

Budgeting

Forecasting

FP&A

Excel

KPI Reporting

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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