Senior Analyst, Financial Operations

CVS Health • Scottsdale, AZ

3d

About The Position

We’re building a world of health around every individual — shaping a more connected, convenient and compassionate health experience. At CVS Health®, you’ll be surrounded by passionate colleagues who care deeply, innovate with purpose, hold ourselves accountable and prioritize safety and quality in everything we do. Join us and be part of something bigger – helping to simplify health care one person, one family and one community at a time. Position Summary The Senior Analyst, Financial Operations manages financial transactions, reconciles accounts, prepares financial reports, and ensures compliance with financial policies and regulations. Applies in-depth expertise in financial systems and processes to maintain accurate financial records, process payments, and contribute to the efficient operation of financial activities within the organization. Specifically, this candidate will be responsible for: Develops complex budget insights based on analyses of historical financial data and considerations market trends and business strategies to contribute to the creation of accurate financial plans. Works closely with Account Team members on changes to clients and implementing those changes to the system Communicates internally and externally to prepare financial reports, statements, and presentations for internal stakeholders to ensure accuracy, compliance with accounting standards, and effective communication of financial information. Conducts routine cost analysis to identify cost-saving opportunities and improve efficiency. Identifies opportunities for streamlining financial workflows, automating manual processes, or implementing new financial systems or technologies. Examines data related to claims, denials, and collections to optimize revenue generation and ensure compliance with healthcare regulations and insurance requirements. Implements financial modeling and scenario analysis to provide insights for strategic initiatives, such as mergers, acquisitions, or new service line development

Requirements

• 2-5 years’ work experience in an Accounting, Finance, Management, Economics, or similar field role.
• Microsoft Office Experience
• Bachelor's degree required and/or an equivalent work experience.
• Bachelor’s Degree in Accounting, Finance, Management, Economics, or similar field preferred.

Nice To Haves

• Able to work with a highly accountable team in a fast-paced environment and quickly learn complex computer applications
• Communicate effectively and uphold excellent customer service and demeanor in challenging situations and escalated calls
• Knowledge of the SAP Financial System, Apttus, and/or Salesforce Cloud
• Financial Operations (FinOps) Certified Professional preferred
• Desire to grow within role and within the organization as a whole
• Strong analytical, organizational, communication, and interpersonal skills

Responsibilities

• Develops complex budget insights based on analyses of historical financial data and considerations market trends and business strategies to contribute to the creation of accurate financial plans.
• Works closely with Account Team members on changes to clients and implementing those changes to the system
• Communicates internally and externally to prepare financial reports, statements, and presentations for internal stakeholders to ensure accuracy, compliance with accounting standards, and effective communication of financial information.
• Conducts routine cost analysis to identify cost-saving opportunities and improve efficiency.
• Identifies opportunities for streamlining financial workflows, automating manual processes, or implementing new financial systems or technologies.
• Examines data related to claims, denials, and collections to optimize revenue generation and ensure compliance with healthcare regulations and insurance requirements.
• Implements financial modeling and scenario analysis to provide insights for strategic initiatives, such as mergers, acquisitions, or new service line development

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees