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Manager, FP&A

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
The Manager of Financial Planning & Analysis (FP&A) will primarily focus on financial reporting and analysis for the Pharmacy Services (ie. Caremark) segment.  This role requires strong communication skills, along with a proactive mindset, as collaborating with colleagues throughout PS Finance will be a continuous endeavor.

Responsibilities include:

  • Build and maintain financial models
  • Develop, refresh and improve presentations for leadership reviews
  • Ensure data integrity and consistency across all financial reports
  • Consolidate and strategically analyze P&L results
  • Manage FP&A calendar in conjunction with PS Finance colleagues
  • Identify opportunities for process improvement and automation
  • Perform ad hoc reporting

**The ideal candidate would work in a hybrid capacity within a CVS office location**

Required Qualifications

  • 5+ years of experience in finance, accounting, engineering, mathematics, and/or management consulting
  • Strong communication skills and a desire to foster relationships with key business partners
  • Excellent attention to detail and commitment to data accuracy
  • Intermediate proficiency with Microsoft Excel and PowerPoint


Preferred Qualifications

  • Proficiency with Analysis for Office (AO) in Microsoft Excel
  • PBM experience


Education
Bachelor's Degree in related field or equivalent experience is required.

Anticipated Weekly Hours

40

Time Type

Full time

Pay Range

The typical pay range for this role is:

$60,300.00 - $145,860.00

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. 
 

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:

  • 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 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: 04/28/2025

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

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Average salary estimate

$103080 / YEARLY (est.)
min
max
$60300K
$145860K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Manager, FP&A, CVS Health

At CVS Health, we’re on a mission to revolutionize healthcare, and we want you to be part of our journey as the Manager of Financial Planning & Analysis (FP&A) in Northbrook, IL. In this dynamic role, you'll play a key part in financial reporting and analysis specifically for our Pharmacy Services segment, also known as Caremark. If you have a knack for numbers and love collaborating with a team, this is your chance to shine! Your day-to-day tasks will include building and maintaining robust financial models, enhancing leadership presentations, and ensuring our financial data is precise and reliable. You'll also have the opportunity to strategically analyze P&L results and identify areas for process improvement. We embrace a hybrid work model, allowing you to balance office presence with remote work, so you can thrive in your personal and professional life. With at least 5 years of experience in finance or a related field, strong communication skills, and proficiency in Excel, you're set to make a significant impact here. Join CVS Health, where each day brings the opportunity to create a healthier future for our communities!

Frequently Asked Questions (FAQs) for Manager, FP&A Role at CVS Health
What are the key responsibilities of the Manager, FP&A at CVS Health?

As the Manager of FP&A at CVS Health, your main responsibilities include building financial models, developing presentations for leadership discussions, ensuring data integrity in financial reports, analyzing P&L results, managing the FP&A calendar, identifying process improvements, and performing ad hoc reporting. These tasks empower you to play a crucial role in shaping the financial direction of our Pharmacy Services segment.

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What qualifications do I need to apply for the Manager, FP&A position at CVS Health?

To qualify for the Manager, FP&A position at CVS Health, you should have at least 5 years of experience in finance, accounting, or a related field. A bachelor's degree in a relevant discipline is required, and strong communication skills along with attention to detail are essential. Proficiency in Microsoft Excel and PowerPoint, along with familiarity with Analysis for Office in Excel, is highly preferred.

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How does CVS Health support career growth for the Manager, FP&A?

CVS Health is committed to fostering the growth of its employees, including those in the Manager, FP&A role. You’ll have access to various professional development programs, mentorship opportunities, and the chance to work on impactful projects that enhance your skills. Furthermore, our inclusive culture encourages collaboration, ensuring you have the resources and support to advance your career.

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Does the Manager, FP&A role at CVS Health offer flexible working arrangements?

Yes, the Manager, FP&A position at CVS Health is designed with flexibility in mind. You will have the opportunity to work in a hybrid capacity, allowing for a combination of in-office and remote work. This flexibility is essential in promoting a healthy work-life balance while allowing you to contribute effectively to your team.

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What benefits are available to the Manager, FP&A at CVS Health?

The Manager, FP&A role at CVS Health comes with a comprehensive benefits package, including affordable health plans, a 401(k) with matching contributions, an employee stock purchase plan, wellness programs, financial coaching, and generous paid time off. We pride ourselves on investing in the overall well-being of our colleagues and their families.

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Common Interview Questions for Manager, FP&A
Can you explain your experience with financial modeling?

When answering this question, emphasize specific financial models you’ve developed or maintained, discussing the tools you used and how they benefited your previous organization. Highlight your understanding of the key components necessary to create a robust financial model.

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How do you ensure data integrity in your financial reports?

Discuss the methods you use to verify the accuracy of data, such as cross-checking sources, creating validation processes, or utilizing specialized software. Highlight your attention to detail and commitment to maintaining high standards for financial reporting.

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What processes have you improved in your previous roles?

Share specific examples of processes you’ve streamlined or automated in previous positions. Describe the tools or strategies you employed, the challenges you faced, and the resulting improvements to efficiency and accuracy.

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How do you prioritize tasks within the FP&A function?

Explain your strategy for managing deadlines and prioritizing tasks in the FP&A role. Discuss how you assess urgency and importance, as well as how you stay organized and focused under pressure.

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Describe your communication style when working with cross-functional teams.

Address your approach to communication, emphasizing your ability to adapt your style based on the audience. Provide examples of how you have successfully collaborated with diverse teams to achieve financial goals.

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What is your experience with presentations for leadership reviews?

When responding, share your experience creating and delivering presentations to executive teams. Highlight specific tools or techniques you’ve used to convey complex financial information in a clear and engaging manner.

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How familiar are you with PBM operations and financials?

Provide insights into your understanding of Pharmacy Benefit Management (PBM) operations and how it relates to financial planning and analysis. Mention any relevant experience or training that has equipped you with this knowledge.

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What tools do you use for financial analysis?

Discuss the software and tools you are proficient with, such as Microsoft Excel, Power BI, or any relevant financial analysis tools. Highlight how you utilize these resources to facilitate accurate analysis and reporting.

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How do you handle tight deadlines in FP&A?

Share your strategies for maintaining productivity and focus under tight deadlines. You might include time management techniques, prioritization methods, or specific situations where you effectively managed your workload.

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What do you believe is the most critical aspect of the Manager, FP&A role?

Articulate your thoughts on the importance of strategic analysis, communication, and collaboration within the FP&A function. Discuss how each aspect contributes to informed decision-making and overall organizational success.

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We help people with their health wherever and whenever they need us. And we do it with heart. Because our passion is our purpose: Bringing our heart to every moment of your health™.

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Full-time, hybrid
DATE POSTED
April 19, 2025

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