Director, Pricing Strategy

Director Of Pricing StrategyAt CVS Health, we're building a world of health around every consumer and surrounding ourselves with dedicated colleagues who are passionate about transforming health care.As the nation's leading health solutions company, we reach millions of Americans through our local presence, digital channels and more than 300,000 purpose-driven colleagues caring for people where, when and how they choose in a way that is uniquely more connected, more convenient and more compassionate. And we do it all with heart, each and every day.The Director Of Pricing Strategy will lead and oversee the market event pricing team by setting strategies in line with the organization's overall business goals. Leads team and collaborative teams to assess comprehensive market analysis, competitor benchmarking, and cost analysis to inform pricing decisions and strategies in the context of dynamic market events impacting the pharmaceutical supply chain and the PBM business. Collaborates with sales, underwriting, trade, network, finance and executive leadership teams to support decision making, implement pricing strategies, monitors pricing performance, and ensures consistent and effective market event pricing practices throughout the organization.This highly visible role and leader will oversee the full continuum of activity and develop executive reporting to provide insight into group performance. Overall, this high impact role will help to continue to distinguish CVS Health from its competitors and ensure CVS Health continues to win and retain business in the marketplace. You should foster a culture of accountability, innovation, proactive/strategic thinking, consultation and clear, concise communication. You should be accustomed to working in fast-paced environments, managing priorities across a number of partners, and communicating effectively to senior leadership. You will be comfortable driving collaboration on cross-functional teams.What you will do:Leads with strategic leadership and guidance to collaborative teams, ensuring effective pricing strategies and operations are effectively progressed related to market events impacting the PBM, our clients and their members.Implements comprehensive pricing strategies that align with business objectives, market dynamics, and customer needs, optimizing pricing decisions and maximizing financial performance.Analyzes pricing data, market trends, and competitive insights to generate actionable recommendations, supporting informed pricing decisions and improving market competitiveness.Collaborates cross-functionally with sales, underwriting, trade, business compliance, regulatory, proposals, finance and network teams to align pricing strategies with business goals.Influences stakeholders through effective communication and negotiation, leveraging pricing expertise and industry knowledge to establish mutually beneficial partnerships and agreements.Develop and maintain in yourself and team domain expertise across multiple levers of PBM and Enterprise profitability, including retail networking, enterprise dispensing, specialty dispensing, pharmaceutical manufacturer rebates, MAC pricing, and other product/clinical service offeringsApplies experienced-based pricing knowledge and insights to influence strategic decision-making, contributing to the development of pricing policies, initiatives, and market positioning.Counsels and mentor team members, providing guidance and support to enhance their business skills, industry expertise and professional development.Required Qualifications:10+ years work experience within PBM financial levers and different lines of business (Commercial, Medicaid, Medicare, etc.), project Management or similar discipline.3+ years experience in a leadership rolePreferred Qualifications:Adept at execution and delivery (planning, delivering, and supporting) skillsAbility to work in a fast-paced environment and handle tight deadlines with appropriate level of delegation to team membersAdept at business intelligenceAdept at collaboration and teamworkExcels at leading Executive conversationsMastery of problem solving and decision making skillsMastery of growth mindset (agility and developing yourself and others) skillsAbility to hire, train and coach a cohesive team, promoting team diversity both in terms of demographics and ideas.Education:Bachelor's degree preferred/specialized training/relevant professional qualification.Masters preferredPay Range:The typical pay range for this role is:$100,000.00 - $231,540.00This 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. This position also includes an award target in the company's equity award program.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 our comprehensive and competitive mix of pay and benefits investing in the physical, emotional and financial wellness of our colleagues and their families to help them be the healthiest they can be. In addition to our competitive wages, our great benefits include:Affordable medical plan options, a 401(k) plan (including matching company contributions), and an employee stock purchase plan.No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching.Benefit solutions that address the different needs and preferences of our colleagues including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility.