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Sr Analyst, Enterprise Procurement
Sr Analyst, Enterprise Procurement-March 2024
Woonsocket
Mar 19, 2025
ABOUT CVS HEALTH
CVS Health is a healthcare innovation company. Together, we are helping people on their path to better health.
10,000+ employees
Healthcare
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About Sr Analyst, Enterprise Procurement

  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.

  This is a full-time hybrid position in Woonsocket, RI. This position will report to the corporate office each Tuesday and Wednesday of the week along with two Thursdays per month. HOURS: 8am -5pm (flexible to the needs of the department)

  As a Sr. Analyst within the Enterprise Procurement Subcontractor Compliance & Risk department, you will be responsible for supporting the CVS Health Pharmacy Benefit Management (PBM) business unit implementing select safeguards and overseeing third-party vendors to ensure maintenance and compliance with Medicaid flow-down requirements as well as PBM client-specific contract requirements. The Ability to prioritize multiple tasks is a must.

  You will represent Enterprise Procurement on project teams which report to senior leadership and are tasked with assisting in the facilitation of enterprise-wide compliance efforts. You must be flexible and willing to collaborate to achieve the desired outcome.

  Responsibilities (include but not limited to):Create vendor reports and provide to clients as needed.Gather, prepare, and analyze data in accordance with established company policies and procedures designed to minimize potential exposure while maximizing benefits.Analyze Medicaid requirements, special provisions, terms, and conditions (T&C) to ensure flow-down of the necessary requirements to your assigned managed vendors.Work with managed vendor pool to maintain compliance with appropriate laws, regulations, corporate policies, business unit procedures and client requirements.Work with large group of CVS Health business owners and program end-users to identify third-party vendors who trigger the Medicaid scope requirements on a regular basis.Negotiate pertinent flow-down provisions and accurately memorialize specific terms and conditions with each vendor.Interact with, and regularly report back to, key CVS subject matter experts (SME's) to ensure vendors' compliance with all CVS Health requirements.Partner with PBM Account Management and Enterprise Procurement Sourcing colleagues to support development of RFP requests by providing the necessary Medicaid or client compliance documentation as necessary.Lead Audit exercises of key subcontractors, analyze the results, and develop reporting to support the conclusions.Act as the key point of contact and communication between internal business teams and key subcontractors.Serve as the SME for Enterprise Procurement third-party vendor subcontractor-related inquiries for marketplace RFP exercises and PBM account management teams for client inquiries.Field Ad-Hoc requests from all areas of Enterprise Procurement and CVS Health generallyAct as initial liaison with business units in compliance efforts to ensure adherence to policies.Represent Enterprise Procurement and CVS Health with internal customers, vendors, and outsiders, and interact with professionalism at all times.Required Qualifications:3+ years of professional work experience in a corporate environment (i.e., working with vendors, communicating with internal partners, developing reporting, fielding a variety of requests)Highschool Diploma or GEDPreferred Qualifications:3+ years of experience working in a third-party vendor oversight & contracts support environment2+ years of professional experience and knowledge advising senior leaders/executives on compliance and risks and how these issues impact the vendor relationship processExperience as a recurring user of Ariba Contract Management platform and Coupa Reporting platform is highly preferred.Experience within the Healthcare Industries is preferredA degree in contract administration, public administration, business management or a closely related field is strongly preferredBusiness Overview

  At CVS Health, we are joined in a common purpose: helping people on their path to better health. We are working to transform health care through innovations that make quality care more accessible, easier to use, less expensive and patient-focused. Working together and organizing around the individual, we are pioneering a new approach to total health that puts people at the heart.

  We strive to promote and sustain a culture of diversity, inclusion and belonging every day. CVS Health is an equal opportunity and affirmative action employer. We do not discriminate in recruiting, hiring or promotion based on race, ethnicity, sex/gender, sexual orientation, gender identity or expression, age, disability or protected veteran status or on any other basis or characteristic prohibited by applicable federal, state, or local law. We proudly support and encourage people with military experience (active, veterans, reservists and National Guard) as well as military spouses to apply for CVS Health job opportunities.

  Pay Range

  The typical pay range for this role is:

  $43,700.00 - $105,100.00

  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.

  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

  CVS 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 [email protected] 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.

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