CVS Health Executive Director, Actuarial-Cred Providence, Rhode Island
Bring your heart to CVS Health. Every one of us at CVS Health shares a single, clear purpose: Bringing our heart to every moment of your health. This purpose guides our commitment to deliver enhanced human-centric health care for a rapidly changing world. Anchored in our brand — with heart at its center — our purpose sends a personal message that how we deliver our services is just as important as what we deliver. Our Heart At Work Behaviors support this purpose. We want everyone who works at CVS Health to feel empowered by the role they play in transforming our culture and accelerating our ability to innovate and deliver solutions to make health care more personal, convenient and affordable.
Position Summary
This position will serve as the lead responsible for leading complex, sometimes confidential, enterprise-wide financial analysis, and strategies to help accelerate the CVS Health business transformation strategy. By partnering closely with EPPM colleagues, CVS Health executives, business unit leaders, and other Finance colleagues (specifically Business Unit CFO’s, FP&A and Actuarial) across the organization, this individual is responsible for leading strategic initiatives focused on developing proactive, robust financial analyses to inform enterprise and business segment strategies and financial and operational decision-making. This position will also provide recommendations on the business levers necessary to pull in order to maximize competitiveness, growth and enterprise value in both the short and long-term.
The Executive Director provides critical insight through analysis of a variety of factors both within the CVS Health business as well as competitive dynamics, to determine:
- Overall economic value/ROI of strategic pursuits/investments.
- Business and/or financial risks and opportunities associated with strategic decisions.
- Profitability impacts for business contained within one segment or providing views for accounts that span multiple business segments.
- Competitive pressures/opportunities to enhance marketplace expansion, withdrawal and/or competitiveness.
- Other specialized needs as identified by the ELT and business segment leaders.
The individual must possess strong financial analysis skills with demonstrated success in those areas in order to work closely with Enterprise executives (including the CEO, members of the executive leadership team, and SVP of Enterprise Planning & Performance Management), as well as various business segment leaders and third-party consultants (as appropriate) to ensure clarity of scope, cross-functional alignment of priorities, milestones and measurements and efficient execution across the business segments, which heretofore have been siloed and/or fragmented. Through expert coordination of analysis, providing invaluable, proactive insight and enhancing business value, this position frequently serves as a key arbiter and subject matter expert for cross-enterprise financial decision making, earning a seat at the table to drive strategic and operational decisions as well as overall business growth and success.
This high-profile work requires sound judgement, critical thinking, and expert analytical skills, working with output that is often highly confidential and/or competitively proprietary. The candidate must possess a high-degree of professionalism and demonstrate skill and comfort level in establishing/cultivating subject matter expertise across the enterprise to enhance a culture of collaboration, facilitate cross-business conversations to support alignment on work, and deliver sophisticated business analysis and insights to identify key opportunities and risk in order to enhance strategic business decision-making.
Required Qualifications
- 10 years of healthcare financial analysis experience.
- 8 years of actuarial (mathematics, statistics, and financial theory within healthcare) experience.
- 6 years of healthcare data analytics experience.
- Proven leadership experience setting strategic direction and influencing change that resulted in quantifiable positive outcomes.
- Strong understanding of healthcare insurances and providers.
- Strong collaboration skills with ability to impact and influence individuals at senior levels-both internally and externally.
- Thrive in a fast-paced environment and manage multiple projects simultaneously.
- Well organized and able to provide real-time feedback and clearly communicate ideas and strategies.
- Partner well with cross-functional teams and seeks to develop a culture of innovation, excellence, and openness.
- Excellent oral and written communication skills, including the ability to explain complex issues in plain language.
- Mastery of problem solving and decision-making skills.
- Operates with a growth mindset (agility and developing yourself and others).
Preferred Qualifications
- Pharmacy or PBM actuarial experience.
Education
Master’s Preferred
FSA or ASA Preferred
Pay Range
The typical pay range for this role is:
$131,500.00 - $303,195.00
This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls. The actual base salary offer will depend on a variety of factors including experience, education, geography and other relevant factors. This position is eligible for a CVS Health bonus, commission or short-term incentive program in addition to the base pay range listed above. This position also includes an award target in the company’s equity award program. In addition to your compensation, enjoy the rewards of an organization that puts our heart into caring for our colleagues and our communities. The Company offers a full range of medical, dental, and vision benefits. Eligible employees may enroll in the Company’s 401(k) retirement savings plan, and an Employee Stock Purchase Plan is also available for eligible employees. The Company provides a fully-paid term life insurance plan to eligible employees, and short-term and long-term disability benefits. CVS Health also offers numerous well-being programs, education assistance, free development courses, a CVS store discount, and discount programs with participating partners. As for time off, Company employees enjoy Paid Time Off (“PTO”) or vacation pay, as well as paid holidays throughout the calendar year. Number of paid holidays, sick time and other time off are provided consistent with relevant state law and Company policies. For more detailed information on available benefits, please visit jobs.CVSHealth.com/benefits
We anticipate the application window for this opening will close on: 10/11/2024
Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.
We are an equal opportunity and affirmative action employer. We do not discriminate in recruiting, hiring, promotion, or any other personnel action based on race, ethnicity, color, national origin, sex/gender, sexual orientation, gender identity or expression, religion, age, disability, protected veteran status, or any other characteristic protected by applicable federal, state, or local law.
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