Financial Operations Analyst

This is a fully remote position, open to applicants in Illinois.

📋 Description

• Review and understand all contract terms relevant to the Reconciliation function.

• Monitor and apply payments owed from pharmaceutical manufacturers.

• Identify overdue payments and initiate late fee billing as stipulated by contract.

• Analyze and manipulate payment data from pharmaceutical manufacturers.

• Reconcile received payment data with invoiced amounts to pinpoint disputed items.

• Investigate and analyze variances and disputed items to decide on acceptance or rejection of disputes.

• Communicate with pharmaceutical manufacturers regarding discrepancies and disputes.

• Update the internal dispute tracking database on a monthly basis.

• Conduct monthly reserve analysis as required.

• Address questions and inquiries concerning open balances.

• Collaborate closely with internal teams, including Trade Relations, Legal, and Accounting, as well as external partners from pharmaceutical manufacturers.

• Contribute to client value by minimizing overall drug expenditure.

⛳️ Requirements

• A minimum of 6 months of financial or analytical experience.

• At least 6 months of experience with Microsoft Excel.

• Strong problem-solving skills.

• Detail-oriented with established analytical capabilities.

• Ability to organize, prioritize workloads, and adhere to strict deadlines.

• Competence in basic to intermediate data manipulation and analysis.

• Exceptional written and verbal communication skills.

• Bachelor’s Degree in Finance, Accounting, Business, Math, or Economics preferred, or equivalent work experience.

• Experience in a dynamic, fast-paced environment is preferred.

• Knowledge of contract administration, financial and/or data analysis, data mining, cash reconciliations, and complex processes is advantageous.

• Background in PBM or pharmaceutical manufacturing and familiarity with pharmaceutical products is preferred.

• Experience in contract interpretation is preferred.

🏝️ Benefits

• Medical coverage.

• Dental coverage.

• Vision coverage.

• Paid time off.

• Retirement savings options.

• Wellness programs.

• Additional resources supporting physical, emotional, and financial well-being.

• CVS Health bonus, commission, or short-term incentive program in addition to base pay.