Manager, Financial Planning and Analysis; IC)

Position Summary

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.

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.

Financial analysis, accounting knowledge, and business acumen. Medical-spend analysis and ability to translate detailed data into actionable insights. Executive-level communication and presentation skills. Process improvement and continuous improvement mindset. Attention to detail with the ability to manage recurring deadlines and synthesize large data sets. Strong collaboration across finance, accounting, and operational teams.

5+ years of experience in Financial Planning and Analysis, financial reporting, accounting, or healthcare finance with experience preparing complex financial calculations, reconciliations, and management reporting.

Medicaid, Medicare, managed care, or health plan finance experience. Experience with SAI or similar savings and issue-tracking…