Underwriter - Manager at CVS Health

Illinois, 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, InsuranceIndustries

Requirements

At least 5 years of Pricing or Financial analysis experience
1 or more years of experience creating financial models
Bachelor's Degree or relevant professional work experience

Responsibilities

Utilize business, industry, competitive, client, and technical knowledge to formulate pricing strategy and execute financial modeling of comprehensive pricing offers for specialty
Review financial sections of Requests for Proposals (RFPs) to determine client needs or concerns
Present analysis, growth opportunities, and recommendations to senior management for approval
Manage the complete process from receipt of RFP/pricing request through communication of financial agreements to internal departments
Lead as a subject matter expert in Specialty Drug pricing strategy and financial modeling of comprehensive pricing offers for clients
Collaborate with Sales and Account Services to provide recommendations on pricing and negotiation strategy to achieve revenue and profitability targets for net new business client growth and margin retention
Identify, evaluate, and manage risk to maximize revenue, membership, and earnings using in-depth knowledge of underwriting analysis and risk assessment for new and/or renewal of large group contracts and accountings
Present to Executive Leadership during Executive Underwriting Approval Calls
Respond to questions in real-time in support of their review and approval

Skills

Key technologies and capabilities for this role

UnderwritingFinancial ModelingPricing StrategyRisk AssessmentRFP AnalysisNegotiationExecutive PresentationSpecialty Drug Pricing

Questions & Answers

Common questions about this position

What is the pay range for the Underwriter - Manager position?

The typical pay range for this role is $66,

Is this a remote position or does it require office work?

This information is not specified in the job description.

What are the required qualifications for this role?

Candidates need at least 5 years of Pricing or Financial analysis experience and 1 or more years of experience creating financial models, plus a Bachelor's Degree or relevant professional work experience.

What is the company culture like at CVS Health?

CVS Health emphasizes building a world of health around consumers 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 Underwriter - Manager role?

A strong candidate brings a strong analytical and financial mindset, ability to thrive in a fast-paced environment with tight deadlines, previous contract or RFP experience, and preferably a Master’s Degree.

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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