Bring your heart to CVS Health. Every one of us at CVS Health shares a single, clear purpose: Bringing our heart to every moment of your health. This purpose guides our commitment to deliver enhanced human-centric health care for a rapidly changing world. Anchored in our brand — with heart at its center — our purpose sends a personal message that how we deliver our services is just as important as what we deliver. Our Heart At Work Behaviors™ support this purpose. We want everyone who works at CVS Health to feel empowered by the role they play in transforming our culture and accelerating our ability to innovate and deliver solutions to make health care more personal, convenient and affordable.Position SummaryReporting to the SVP, CFO of the Health Care Delivery Segment (HCD), the Executive Director, Accountable Care Finance will lead financial operations and be a strategic partner to the President, CVS Accountable Care. CVS Accountable Care partners with health systems to enable their participation in CMS programs such as ACO REACH and Medicare Shared Savings Program (MSSP) as well as assuming risk with Medicare Advantage plans. This business is expected to generate nearly $4 billion in revenue in 2024, growing over 200%.
This individual will play a leading role in the creation of financial analytics and operating performance measures that support profitable operations, growth, new business opportunities and investment strategies. She or he will assume overall responsibility for the finance function and will infuse a continuous improvement mindset across the finance team to support the business’ rapid growth, ensuring the ongoing development and management of people, processes, financial systems, financial reporting and analytics.
Responsibilities:
Provide overall leadership to the management reporting, financial planning and budgeting processes. Lead efforts to drive the analytical rigor of the finance team so that business decisions throughout the organization are informed by analytical insight while improving the organization’s ability to leverage and manage data. Develop standardized data sets for business measurement, business planning, performance management and reporting.
Drive financial planning, reporting, and analysis (including the monthly/quarterly results and estimates, the annual budget process, and the long-range plan).
Drive and maintain a highly analytical, metric driven culture. Work with the operating team to drive relevant KPIs and accountability, to deliver results. Push analytical rigor in thinking and decision-making.
Establish processes and policies that improve the operational effectiveness of the finance organization and the transparency of results.
Leads and participates in negotiating business transactions and contractual arrangements including provider partnership contracts that achieve the best terms.
Use the budgeting and planning process to engage leaders and align objectives with pace of execution.
Become a trusted business partner by building strong advisory relationships with the President and HCD leadership team. Proactively address challenges with a constructive, solution-oriented approach.
Work closely with third party actuarial advisors
Demonstrate intellectual curiosity and become a subject matter expert on relevant CMS programs
Raise the financial literacy of the organization by creating awareness around the drivers of value.
Establish performance expectations, provides guidance and feedback, and promotes a culture of continuous improvement and employee engagement.
Required Qualifications
15+ years relevant work experience within finance
5+ years of people leader experience
Understanding of risk contracting and associated economics is a must
Actuarial experience desired but not required
Adept at execution and delivery (planning, delivering, and supporting)
Adept at business intelligence
Adept at collaboration and teamwork
Mastery of problem solving and decision-making skills
Mastery of growth mindset (agility and developing yourself and others)
Preferred Qualifications
Master’s degree preferred (MBA)
Education
Bachelor's degree preferred/specialized training/relevant professional qualification
Pay RangeThe typical pay range for this role is:$131,500.00 - $303,200.00This 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. In addition to your compensation, enjoy the rewards of an organization that puts our heart into caring for our colleagues and our communities. The Company offers a full range of medical, dental, and vision benefits. Eligible employees may enroll in the Company’s 401(k) retirement savings plan, and an Employee Stock Purchase Plan is also available for eligible employees. The Company provides a fully-paid term life insurance plan to eligible employees, and short-term and long term disability benefits. CVS Health also offers numerous well-being programs, education assistance, free development courses, a CVS store discount, and discount programs with participating partners. As for time off, Company employees enjoy Paid Time Off (“PTO”) or vacation pay, as well as paid holidays throughout the calendar year. Number of paid holidays, sick time and other time off are provided consistent with relevant state law and Company policies. For more detailed information on available benefits, please visit jobs.CVSHealth.com/benefits We anticipate the application window for this opening will close on: 06/03/2024CVS Health requires certain colleagues to be fully vaccinated against COVID-19 (including any booster shots if required), where allowable under the law, unless they are approved for a reasonable accommodation based on disability, medical condition, religious belief, or other legally recognized reasons that prevents them from being vaccinated. You are required to have received at least one COVID-19 shot prior to your first day of employment and to provide proof of your vaccination status or apply for a reasonable accommodation within the first 10 days of your employment. Please note that in some states and roles, you may be required to provide proof of full vaccination or an approved reasonable accommodation before you can begin to actively work.CVS Health is committed to recruiting, hiring, developing, advancing, and retaining individuals with disabilities. As such, we strive to provide equal access to the benefits and privileges of employment, including the provision of a reasonable accommodation to perform essential job functions. CVS Health can provide a request for a reasonable accommodation, including a qualified interpreter, written information in other formats, translation or other services through ColleagueRelations@CVSHealth.com If you have a speech or hearing disability, please call 7-1-1 to utilize Telecommunications Relay Services (TRS). We will make every effort to respond to your request within 48 business hours and do everything we can to work towards a solution.
