Sr. Financial Analyst - Medicare Prescription Payment Program (M3P)

$46,988 - $112,200/Yr

CVS Health - Downers Grove, IL

Full-time - Mid Level

Hybrid - Downers Grove, IL

Health and Personal Care Retailers

About the position

The Sr. Financial Analyst will be a key member of the Pharmacy Benefit Management (PBM) Finance Operations Department, focusing on financial operations for Medicare Part D members through the Medicare Prescription Payment Program (M3P). This role involves providing expertise in various financial activities, mentoring junior team members, and driving the successful implementation and management of the new department.

Responsibilities

• Establish and support member-facing financial operations activities for Medicare Part D members.
• Provide subject matter expertise in areas such as Cash Application, Premium Prioritization, Banking and Treasury, and Client Reporting.
• Mentor junior team members and assist in their professional development.
• Collaborate with colleagues across PBM Finance Operations, Treasury, and Premium Billing.
• Manage client escalations and member disputes effectively.

Requirements

• 3+ years of professional experience in customer service, billing, finance, accounting, or healthcare operations.
• Strong work ethic and self-starter attitude.
• Ability to work productively in a dynamic and collaborative environment.

Nice-to-haves

• Experience using SAP.
• Experience with bank lockbox check processing and/or credit card processing.
• Proficient in Microsoft Office applications, including Excel, Access, Word, Visio, PowerPoint.
• Strong attention to detail and organizational skills.
• Excellent verbal and written communication skills.

Benefits

• Medical, dental, and vision benefits.
• 401(k) retirement savings plan.
• Employee Stock Purchase Plan.
• Fully-paid term life insurance plan.
• Short-term and long-term disability benefits.
• Well-being programs and education assistance.
• Free development courses.
• CVS store discount and discount programs with partners.
• Paid Time Off (PTO) and paid holidays.