Note: The job is a remote job and is open to candidates in USA. CVS Health is committed to building a world of health around every individual, focusing on simplifying healthcare. The Financial Operations Analyst will engage in rebate reconciliation activities, payment analysis, and dispute resolution while collaborating with internal and external partners to drive value for clients.
Responsibilities
- 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
- Ability to handle basic to intermediate data manipulation and analysis
Skills
- 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
- This position is eligible for a CVS Health bonus, commission or short-term incentive program in addition to the base pay range listed above.
- This full‑time position is eligible for a comprehensive benefits package designed to support the physical, emotional, and financial well‑being of colleagues and their families.
- The benefits for this position include medical, dental, and vision coverage, paid time off, retirement savings options, wellness programs, and other resources, based on eligibility.
- Additional details about available benefits are provided during the application process and on Benefits Moments.
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