Analyst, FP&A – Medicare/Medicaid COGS & Network Performance

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 Analyst, FP&A – Medicare/Medicaid COGS & Network Performance supports financial planning, forecasting, and variance analysis for Medicare and Medicaid pharmacy network costs (COGS) within CVS Health’s Pharmacy Services business. Reporting to the Manager, FP&A Medicare/Medicaid COGS & Network Performance, this role contributes to COGS budget and forecast development, monitors network margin performance, and provides analytical support for understanding the financial interplay between client guarantees and pharmacy reimbursement. The Analyst helps ensure that COGS is accurately planned, tracked, and explained to Finance and operational leadership.

Required Qualifications

• Up to 2 years of prior relevant and practical experience
• Proficiency in Excel and experience with large data sets; Tableau or similar visualization tool experience preferred
• Proficiency in S4/SAP/HANA
• Analytical skills with the ability to decompose multi-driver variances and communicate findings clearly
• Effective written and verbal communication; ability to prepare management-ready reporting
• Collaborative work style with ability to partner across Finance and cross-functional teams

Preferred Qualifications

• Financial planning and cost analysis experience, ideally in a PBM, managed care, or health benefits environment
• Understanding of pharmacy COGS drivers including MAC pricing, drug mix, and network utilization

Education

• Bachelor's degree in Finance, Accounting or Business preferred

Anticipated Weekly Hours

40

Time Type

Full time

Pay Range

The typical pay range for this role is:

$43,888.00 - $93,574.00

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 offering a comprehensive and competitive mix of pay and benefits that reflects our commitment to our colleagues and their families.

This full‑time position is eligible for a comprehensive benefits package designed to support the physical, emotional, and financial well‑being of colleagues and their families. The benefits for this position include medical, dental, and vision coverage, paid time off, retirement savings options, wellness programs, and other resources, based on eligibility.

Additional details about available benefits are provided during the application process and on Benefits Moments.

We anticipate the application window for this opening will close on: 09/18/2026

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