Senior Analyst, FP&A - Commercial 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 Senior Analyst, FP&A – Commercial Network Performance (COGS) supports financial planning, forecasting, and variance analysis for Non-Medicare commercial pharmacy network costs (COGS) within CVS Health’s Pharmacy Services business, covering Large Client, CarelonRx, Aetna, FEHBP, and Maintenance Choice segments. Reporting to the Manager, FP&A Non-Medicare Network Margin COGS, this role contributes to COGS budget and forecast development, monitors network margin performance, and provides analytical support to assess the financial impact of network design, drug mix, and MAC rate changes on commercial COGS.

Responsibilities

* Supports the development of annual operating plan, multi-year plan, and quarterly COGS forecasts for Non-Medicare commercial segments, including drug-level and pharmacy-level detail. * Performs monthly COGS variance analysis, identifying and communicating drivers including MAC rates, drug mix, pharmacy utilization, and network design changes. * Builds and maintains financial models to assess COGS impact of MAC rate movements, formulary updates, network changes, and client-level utilization behavior. * Prepares weekly network performance updates and management reporting packages, ensuring accuracy and clarity for leadership review. * Supports ad-hoc analytical requests, special projects, and scenario modeling as directed by the Manager and Director. Required Qualifications

* Financial planning and cost analysis experience, ideally in a PBM, managed care, or