Manager, Financial Planning and Analysis; IC)

Financial Planning And Analysis Manager

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.

The Financial Planning and Analysis (FP&A) Manager supports Mercy Care's financial performance through reporting, planning, variance analysis, Scorable Action Item (SAI) oversight, payment calculations, and strategic insight. The role combines responsibilities previously supported across financial reporting and operations, SAI management, and selected provider capitation expense calculations.

This manager partners with finance and operational leaders, ensures accurate and timely financial deliverables, strengthens processes and controls, and translates financial and medical-spend data into actionable insights. The role also uses SQL and related data tools to expand cost analysis, identify medical-spend drivers, and support cost optimization opportunities.

• Prepare and deliver monthly financial reporting packages and consolidated year-to-date reporting files.
• Perform detailed variance analysis for direct SG&A expenses and provide insight into key drivers of financial performance.
• Develop cost center reports and reporting tools that improve visibility, accuracy, and decision support.
• Use SQL and other analytical tools to evaluate Mercy Care medical expenses, cost trends, and underlying financial drivers.

• Prepare and send invoices supporting due to/from reclassification activity.
• Review and verify salary data for Mercy Care Plan employees working on grants.
• Lead quarterly cost center reporting discussions with department owners.
• Support month-end close, maintain financial documentation, and improve processes and controls.

• Prepare monthly capitation expense calculations for multiple providers.
• Validate source data, calculation accuracy, contractual inputs, and supporting documentation before results are finalized.
• Coordinate with accounting and business partners to research variances, resolve issues, and support timely recording of provider expenses.
• Maintain and improve calculation workbooks and related procedures to strengthen efficiency, consistency, and auditability.

• Participate in the annual budget and quarterly forecast processes.
• Partner with business leaders to develop assumptions and financial plans.
• Monitor performance against budget and forecast expectations.
• Identify trends, risks, and opportunities affecting financial results.

• Support decision-making through financial modeling, scenario analysis, and cost analysis.
• Collaborate cross-functionally to understand business drivers and operational impacts.
• Present financial results, risks, opportunities, and recommendations to leadership.

• Manage and continuously enhance the SAI tracking process, ensuring accurate and timely updates.
• Partner with business leads and executive sponsors to coordinate SAI identification, prioritization, reporting, and resolution efforts.
• Lead SAI trend analysis and prepare monthly summaries of key trends, risks, opportunities, and savings calculations.
• Support the development and optimization of SAI tracking and reporting tools, including Quick Base and Power BI.
• Use SAI insights to inform leadership discussions, financial forecasting, and decision-making.

• Perform financial analysis supporting strategic initiatives and emerging business questions.
• Support contract, vendor, medical-spend, and cost optimization analyses.
• Lead process improvement efforts that enhance efficiency, data quality, and financial controls.

In order to be successful in this role you must exhibit the following:

• Financial analysis, accounting knowledge, and business…