Financial Operations Analyst

This is a fully remote position, open to applicants in Alabama, +43 more states.

📋 Description

• Execute rebate reconciliation tasks, conduct payment analysis, resolve disputes, perform reserve analysis, and engage in related financial assessments.

• Collaborate closely with Trade Relations, Legal, Accounting, and pharmaceutical manufacturer partners.

• Examine and understand contract terms relevant to the reconciliation process.

• Monitor and apply payments owed by pharmaceutical manufacturers.

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

• Manipulate and analyze payment data received from pharmaceutical manufacturers.

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

• Investigate and analyze variances and disputed items, deciding whether to accept or reject disputes.

• Communicate with pharmaceutical manufacturers regarding discrepancies and disputes.

• Update internal dispute tracking data on a monthly basis.

• Conduct necessary reserve analysis each month.

• Investigate and address inquiries related to outstanding balances.

• Assist in reducing clients’ overall drug expenditures, making quality care more affordable and accessible.

⛳️ Requirements

• Over 6 months of financial or analytical experience.

• More than 6 months of experience with Microsoft Excel.

• Strong problem-solving abilities.

• Detail-oriented with demonstrated analytical skills.

• Capacity to organize and prioritize tasks effectively while meeting strict deadlines.

• Proficient in handling 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 professional experience.

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

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

• Knowledge of PBM or pharmaceutical manufacturer operations and familiarity with pharmaceutical products is preferred.

• Experience in contract interpretation is preferred.

🏝️ Benefits

• CVS Health bonus, commission or short-term incentive program.

• Medical coverage.

• Dental coverage.

• Vision coverage.

• Paid time off.

• Retirement savings options.

• Wellness programs.

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