Senior Manager, Pharmaceutical Contracting

Senior Manager Pharmaceutical Contracting

At CVS Health, we are building a world of health around every consumer and surrounding ourselves with dedicated colleagues who are passionate about transforming health care. 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.

Position Summary : The Senior Manager will lead strategic pharmaceutical contracting initiatives, including the negotiation and management of select manufacturer agreements. This role will guide manufacturer strategy, account relationship development, and formulary cost optimization. The ideal candidate will bring deep expertise in formulary design and rebate modeling to drive measurable value across the organization.

Key Responsibilities

• Evaluate pharmaceutical manufacturer bid proposals and model current and projected rates to recommend strategic formulary approaches.
• Negotiate and manage contracts with pharmaceutical manufacturers, ensuring compliance, tracking performance metrics, and resolving disputes.
• Collaborate with Finance to analyze market trends, pricing structures, and financial data to optimize contract terms and deliver cost savings.
• Provide strategic direction to account management and manufacturer negotiations to control drug and medical supply costs.
• Partner with internal teamsincluding Trade Strategy and Operations, Legal, and Financeto align contracting strategies with organizational goals.
• Build and maintain strong relationships with pharmaceutical manufacturers and suppliers to foster innovation and partnership.
• Deliver ongoing recommendations to senior leadership to support strategic decision-making and ensure alignment with enterprise objectives.

Required Qualifications

Education

Bachelor's degree required / specialized training / relevant professional qualification. PharmD degree preferred.

Pay Range

The typical pay range for this role is : $67,900.00 - $199,144.00

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. 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 :

We anticipate the application window for this opening will close on : 11 / 22 / 2025 Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws. We are an equal opportunity and affirmative action employer. We do not discriminate in recruiting, hiring, promotion, or any other personnel action based on race, ethnicity, color, national origin, sex / gender, sexual orientation, gender identity or expression, religion, age, disability, protected veteran status, or any other characteristic protected by applicable federal, state, or local law.