Senior Manager – PBM Product Innovation

At CVS Health, we're building a world of health around every consumer and surrounding ourselves with dedicated colleagues who are passionate about transforming health care.

As the nation's leading health solutions company, we reach millions of Americans through our local presence, digital channels and more than 300,000 purpose-driven colleagues - caring for people where, when and how they choose in a way that is uniquely more connected, more convenient and more compassionate. And we do it all with heart, each and every day.

Position Summary

As a Senior Manager of Product Innovation, you will be part of a team leading the evolution of our pricing model. You will be critical to the successful growth of the PBM business as you bring to market vital initiatives focused on meeting the prescription benefit needs of our clients. In this individual contributor role, you will work at the intersection of product development, marketing, and sales. The Senior Manager will also work closely with senior leaders and business partners at all levels of the organization, you will help shape communications that demonstrate the value of our best in-class solutions.

Key responsibilities include:

• Collaborating cross-functionally to gain knowledge of high-level product strategy as well as product details to clearly articulate the value to the market.
• Simplifying complex pricing and financial strategies to develop strategic product positioning.
• Creating operational strategies to meet client contract requirements by streamlining processes and improving workflows to support new capabilities.
• Communicating and presenting effectively to educate internal and external stakeholders on current product messaging.
• Supporting go to market efforts by developing ideal client fit criteria, forecasting, analyzing the market, and applying client feedback.

Your day to day requires:

• high accountability, independence, and the ability to approach complex decisions with openness and a willingness to take ownership.
• excellent verbal and written communication skills with high attention to detail.
• willingness to adapt quickly and learn on the fly to assess and solve complex problems that differ from project to project.
• developing and fostering effective working relationships across the organization.

Ability to work hybrid model (in office 3 days per week) if reside near a Hub location or full-time work from home if reside outside of Hub areas.

Required Qualifications

• 7 + years of consulting, PBM, or product marketing / product management experience
• 5 years of experience within healthcare or related industries

Preferred Qualifications

• Proficiency with Microsoft Office tools
• Proven success in managing product go to market campaigns
• Experience in PBM pricing or strategy
• Understanding of PBM industry

Education

• Bachelor's degree or equivalent combination of education and experience may be considered.
• Master's degree preferred.

Pay Range

The typical pay range for this role is:

$82,940.00 - $182,549.00

This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls. The actual base salary offer will depend on a variety of factors including experience, education, geography and other relevant factors. 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 position also includes an award target in the company's equity award program.

Our people fuel our future. Our teams reflect the customers, patients, members and communities we serve and we are committed to fostering a workplace where every colleague feels valued and that they belong.

Great benefits for great people

We take pride in our comprehensive and competitive mix of pay and benefits - investing in the physical, emotional and financial wellness of our colleagues and their families to help them be the healthiest they can be. In addition to our competitive wages, our great benefits include:

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  Affordable medical plan options, a 401(k) plan (including matching company contributions), and an employee stock purchase plan.
  
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  No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching.
  
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  Benefit solutions that address the different needs and preferences of our colleagues including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility.
  

For more information, visit https://jobs.cvshealth.com/us/en/benefits

We anticipate the application window for this opening will close on: 05/04/2025

Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.