Rebate Analyst, Financial Operations at CVS Health in Irving

Summary: CVS Health is committed to building a world of health around every individual. They are seeking a Financial Operations Analyst to analyze Medicare and Commercial formularies for client rebate eligibility, ensuring compliance with manufacturer contractual guidelines and supporting rebate invoicing processes. Responsibilities: - Conducting specific formulary research to support Rebate forecasting and underwriting teams during the manufacturing contract negotiating process; Clinical Managers and Client Support Services as they work with clients in the development of formularies; Rebate audit team as questions arise on audits by manufacturers and clients - Adhering to quality control process in review of formulary rebate eligibility and contributing to enhancing our quality control processes - Review contract language necessary to support formulary rebate contracts - Maintaining filings for Caremark and client specific formulary publications - Exhibiting strong analytical skills working with contract language - Demonstrating flexibility and adaptability to take on additional tasks to support the department - Very light travel, if any, may be requested to support business activity Required Qualifications: - 1+ year of professional experience or internships Preferred Qualifications: - Experience in a formulary, health care, contracting, or similar role - Caremark Formulary and/or Rebate knowledge beneficial - Experience with Caremark business systems, claims adjudication, formulary, drug, and client systems with an emphasis on the RxClaim adjudication platform beneficial - Medicare knowledge beneficial - Ability to work independently and with people across functional area - Ability to work in a hybrid team environment - Strong reading comprehension skills - Capability to communicate details clearly and accurately - Bachelor's Degree preferred Required Skills: Formulary analysis, Contract interpretation, Rebate eligibility analysis, Caremark Formulary knowledge, RxClaim adjudication platform, Medicare knowledge Benefits: Medical, dental, and vision coverage, Paid time off, Retirement savings options, Wellness programs, Other resources, based on eligibility