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At CVS Health, we’re building a world of health around every consumer and surrounding ourselves with dedicated colleagues who are passionate about transforming health care.

As the nation’s leading health solutions company, we reach millions of Americans through our local presence, digital channels and more than 300,000 purpose-driven colleagues – caring for people where, when and how they choose in a way that is uniquely more connected, more convenient and more compassionate. And we do it all with heart, each and every day.

*This position is classified as hybrid and will be filled ideally in Northbrook, IL. Additional CVS office locations may be considered*

Position Summary

The Manager Formulary Finance Operations is the subject matter expert on all research processes and systems, and is responsible for the thorough onboarding and training of all research analysts. Day-to-day tasks include leading one-on-one training for new hires, providing ongoing coaching and feedback to all team members, reviewing and approving contract setups, research results, and exceptions in the FRS application, overseeing the implementation processes of utilization management and rebate utility clients, collaborating with internal teams to ensure proper contract interpretation and administration, supporting management to resolve issues and complete ad hoc requests and analysis, and managing the execution of new initiatives and process improvements.

This position works closely with key personnel and leaders from many areas across the CVS Health organization. A successful candidate will have the following skills:

- Excellent oral and written communication skills and data presentation skills.

- The ability to inspire, develop, mentor, and engage a large and diverse team.

- The ability to establish and maintain collaborative relationships across functional units and able to handle multiple projects and deadlines.

- Appropriately pivot priorities based on business needs.

Required Qualifications

5+ years of work experience.

Formulary, rebate, and contract interpretation experience.

Preferred Qualifications

- Management or team leadership experience.

- Pharmaceutical industry, drug products, and manufacturer rebate contracts experience.

- CVS Caremark Benefit Design and Formulary experience with prescription claims adjudication and the RxClaim platform.

- Microsoft Excel, with the ability to work with large data sets.

Education

Bachelor's Degree OR equivalent experience

Anticipated Weekly Hours

40

Time Type

Full time

Pay Range

The typical pay range for this role is:

$66,330.00 - $145,860.00

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.

Our people fuel our future. Our teams reflect the customers, patients, members and communities we serve and we are committed to fostering a workplace where every colleague feels valued and that they belong.

Great benefits for great people

We take pride in our comprehensive and competitive mix of pay and benefits – investing in the physical, emotional and financial wellness of our colleagues and their families to help them be the healthiest they can be. In addition to our competitive wages, our great benefits include:

+ **Affordable medical plan options,** a **401(k) plan** (including matching company contributions), and an **employee stock purchase plan** .

+ **No-cost programs for all colleagues** including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching.

+ **Benefit solutions that address the different needs and preferences of our colleagues** including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility.

For more information, visit https://jobs.cvshealth.com/us/en/benefits

We anticipate the application window for this opening will close on: 07/29/2025

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.