Financial Operations Analyst

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🔥 0 minutes ago

🥔 Idaho, Maine, +1 more states – Remote

🥔 Idaho – Remote 🦞 Maine – Remote 🍁 Vermont – Remote

💵 $43.9k - $102.1k / year

⏰ Full Time

🟢 Junior

💸 Financial Planning and Analysis (FP&A)

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CVS Health

WebsiteLinkedInAll Job Openings

10,000+ employees

Founded 1963

⚕️ Healthcare Insurance

🛒 Retail

🧘 Wellness

Healthcare Insurance • Retail • Wellness

CVS Health is a leading American healthcare company dedicated to improving health access and affordability. The company focuses on a comprehensive approach that includes health services, health insurance, and pharmacy benefits management. Through its subsidiaries, such as Aetna and CVS Caremark, CVS Health offers a range of services that facilitate wellness, condition management, and affordable prescription drug coverage. CVS Health operates neighborhood pharmacies, provides mail-order pharmacy services, and manages specialty medication programs, aiming to make healthcare convenient and accessible for everyone. Driven by a mission to connect people with essential care services, CVS Health is committed to fostering healthier communities and supporting the wellbeing of all individuals.

📋 Description

• Review and comprehend all contract terms applicable to the Reconciliation function • Track and apply payments due from pharmaceutical manufacturers • Identify any late payments and request late fee billing as required by contract • Manipulate and Analyze payment data from pharmaceutical manufacturers • Reconcile payment data received with Invoiced amount to identify all items disputed by pharmaceutical manufacturers • Analyze and research all variances and disputed items and determine whether to accept or reject disputes • Communicate with pharmaceutical manufacturers regarding variances and disputes • Update internal dispute tracking data file on a monthly basis • Perform analysis of required reserves on a monthly basis • Investigate and respond to questions/inquiries regarding the status of open balances

🎯 Requirements

• 6+ months financial or analytical experience. • 6+ months experience with Microsoft Excel. • Experience working in a dynamic, fast-paced environment. • Experience with contract administration, financial and / or data analysis, data-mining, cash reconciliations, and complex processes is beneficial. • PBM or pharmaceutical manufacturer experience and knowledge of pharmaceutical products preferred. • Contract interpretation experience is preferred.

🏖️ Benefits

• medical, dental, and vision coverage • paid time off • retirement savings options • wellness programs