Financial Operations Analyst

This is a fully remote position, open to applicants in Alabama, +31 more locations.

📋 Description

• Evaluate and understand all terms of contracts relevant to the reconciliation process.

• Monitor and apply payments owed from pharmaceutical manufacturers.

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

• Process and analyze payment data from pharmaceutical manufacturers.

• Reconcile payment information with invoiced amounts to pinpoint disputed items.

• Examine and investigate discrepancies and disputed items to decide on acceptance or rejection of disputes.

• Communicate with pharmaceutical manufacturers regarding discrepancies and disputes.

• Update the internal dispute tracking data file on a monthly basis.

• Conduct monthly assessments of required reserves.

• Investigate and address questions and inquiries related to open balances.

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

• Contribute to client value by minimizing overall drug expenditures.

⛳️ Requirements

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

• At least 6 months of experience with Microsoft Excel.

• Strong problem-solving abilities.

• Detail-oriented with demonstrated analytical skills.

• Capability to organize and prioritize tasks while meeting stringent deadlines.

• Proficiency in basic to intermediate data manipulation and analysis.

• Outstanding 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.

• Familiarity with contract administration, financial and/or data analysis, data-mining, cash reconciliations, and complex processes is advantageous.

• Experience with PBM or pharmaceutical manufacturers and knowledge of pharmaceutical products is preferred.

• Experience in contract interpretation is preferred.

🏝️ Benefits

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

• Medical coverage.

• Dental coverage.

• Vision coverage.

• Paid time off.

• Retirement savings options.

• Wellness programs.

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