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The Director of Pricing Strategy will lead and oversee the market event pricing team, set strategies in line with business objectives, analyze pricing data, and guide team collaboration to improve market competitiveness and financial performance at CVS Health.
Job Responsibility:
Leads with strategic leadership and guidance to collaborative teams, ensuring effective pricing strategies and operations are effectively progressed related to market events impacting the PBM, our clients and their members
implements comprehensive pricing strategies that align with business objectives, market dynamics, and customer needs, optimizing pricing decisions and maximizing financial performance
analyzes pricing data, market trends, and competitive insights to generate actionable recommendations, supporting informed pricing decisions and improving market competitiveness
collaborates cross-functionally with sales, underwriting, trade, business compliance, regulatory, proposals, finance and network teams to align pricing strategies with business goals
influences stakeholders through effective communication and negotiation, leveraging pricing expertise and industry knowledge to establish mutually beneficial partnerships and agreements
develop and maintain in yourself and team domain expertise across multiple levers of PBM and Enterprise profitability, including retail networking, enterprise dispensing, specialty dispensing, pharmaceutical manufacturer rebates, MAC pricing, and other product/clinical service offerings
applies experienced-based pricing knowledge and insights to influence strategic decision-making, contributing to the development of pricing policies, initiatives, and market positioning
counsels and mentor team members, providing guidance and support to enhance their business skills, industry expertise and professional development
Requirements:
10+ years work experience within PBM financial levers and different lines of business (Commercial, Medicaid, Medicare, etc.), project Management or similar discipline
3+ years experience in a leadership role
Nice to have:
Adept at execution and delivery (planning, delivering, and supporting) skills
ability to work in a fast-paced environment and handle tight deadlines with appropriate level of delegation to team members
adept at business intelligence
adept at collaboration and teamwork
excels at leading Executive conversations
mastery of problem solving and decision making skills
mastery of growth mindset (agility and developing yourself and others) skills
ability to hire, train and coach a cohesive team, promoting team diversity both in terms of demographics and ideas
What we offer:
Affordable medical plan options, a 401(k) plan (including matching company contributions), and an employee stock purchase plan
no-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching
benefit solutions that address the different needs and preferences of colleagues including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access
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