VP – Chief Financial Officer

At 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.

Job Description

VP, CFO Medicare will support Aetna's ability to achieve its financial and strategic goals by managing and driving business actions and financial goals across the segment and the enterprise. Partner with senior management teams within the segment to maintain financial and operational control of the business, develop insight and drive execution.

This role will lead financial reporting and decision-support for the Medicare product lines of business. You will own the development of local market performance financial P&Ls that will align to and help drive our strategic plan. In this role, you will have the opportunity to make a significant impact on our company's growth trajectory.

In addition, you will coordinate with other financial disciplines/functions in support of business transactions, e.g., provider arrangements, regulatory issues, analysis of legal entities, etc. Identify, recommend, monitor, and track effective medical cost analysis, product and risk alignment with business unit financial performance targets, through coordination with internal functions supporting the business, such as actuarial, medical directors, network management, underwriting, etc.

Major Responsibilities

• Partner with senior management segment heads to analyze and support full P&L responsibility.

• Drive results; demonstrates urgency and holds self and others accountable for achieving high standards of performance and service

• Identify emerging product/market trend vulnerabilities and opportunities through analysis and insight generation; develop and implement action plans for business growth.

• Coordinate development and monitor implementation of major business unit action plans to seize competitive opportunities and/or respond to performance shortfalls/plan variances.

• Coordinate with other financial disciplines/functions in support of business transactions, e.g., PIP arrangements, regulatory issues, analysis of legal entities, etc.

• Identify, suggest, monitor, and track effective medical cost analysis through coordination with medical directors, network management, underwriting, etc.

• Support the coordination and development of business unit financial plans and forecasting tools/processes.

• Provide financial analysis and recommendations in support of management's evaluation of strategic and business initiatives.

• Drive the dissemination and collection of input/output data, critical assumption and management reporting requirements.

• Lead development and implementation of business unit performance measures.

• Develop processes and set infrastructure to measure, understand and monitor business unit results relative to action plans and milestones.

• Enhance processes that drive accountability measurements throughout the organization.

• Partner with other financial disciplines, e.g., actuarial, underwriting, to assure pricing, product and risk alignment with business unit financial performance targets.

• Align resources with shared services to drive business unit focus. Provide project management support for critical action plans other initiatives that cut across business unit and/or Aetna.

• Support business unit competitive intelligence analysis and benchmarking.

• Monitor and evaluate risk and delegation arrangements; recommend appropriate financial protections.

• Ensure appropriate financial controls are in place for shared services and business unit.

• Develop high performing financial unit that performs a function (e.g., medical cost analysis) and/or can assist in the financial and business issues support being provided to the business.

• Provide coaching/mentoring and development to direct reports and ensures talent development best practices for full span of control.

• Supporting CVS Health in attracting, retaining, and engaging a diverse and inclusive consumer-centric workforce that delivers on our purpose and reflects the communities in which we work, live, and serve.

Required Qualifications:

• 15+ years related financial management experience including strategic and business planning, accounting and financial analysis.

• Extensive experience in healthcare, managed care insurance or financial services

• Extensive experience with Medicare

• Experience supporting a P&L

• Exceptional communication skills and ability to influence strategy in a large and complex organization

• Demonstrated experience leading teams in an executive role

• Extensive change management experience and ability to lead through change

• Proven experience developing and executing financial strategies in a matrix operating model

• Demonstrated financial analytics experience

• Remote will require regular travel to Hartford office

Preferred Qualifications

• Hartford, CT - Open to Northeast

Education

Bachelor’s Degree - Undergraduate degree in Finance, Accounting, Actuarial Science or similar disciplines

The typical pay range for this role is:

$300,000.00 - $400,000.00

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.

In addition to your compensation, enjoy the rewards of an organization that puts our heart into caring for our colleagues and our communities.  The Company offers a full range of medical, dental, and vision benefits.  Eligible employees may enroll in the Company’s 401(k) retirement savings plan, and an Employee Stock Purchase Plan is also available for eligible employees.  The Company provides a fully-paid term life insurance plan to eligible employees, and short-term and long term disability benefits. CVS Health also offers numerous well-being programs, education assistance, free development courses, a CVS store discount, and discount programs with participating partners.  As for time off, Company employees enjoy Paid Time Off (“PTO”) or vacation pay, as well as paid holidays throughout the calendar year. Number of paid holidays, sick time and other time off are provided consistent with relevant state law and Company policies. 

For more detailed information on available benefits, please visit jobs.CVSHealth.com/benefits

We anticipate the application window for this opening will close on: 04/21/2025

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

CVS Health requires certain colleagues to be fully vaccinated against COVID-19 (including any booster shots if required), where allowable under the law, unless they are approved for a reasonable accommodation based on disability, medical condition, religious belief, or other legally recognized reasons that prevents them from being vaccinated. 

You are required to have received at least one COVID-19 shot prior to your first day of employment and to provide proof of your vaccination status or apply for a reasonable accommodation within the first 10 days of your employment. Please note that in some states and roles, you may be required to provide proof of full vaccination or an approved reasonable accommodation before you can begin to actively work.

CVS Health is committed to recruiting, hiring, developing, advancing, and retaining individuals with disabilities. As such, we strive to provide equal access to the benefits and privileges of employment, including the provision of a reasonable accommodation to perform essential job functions. CVS Health can provide a request for a reasonable accommodation, including a qualified interpreter, written information in other formats, translation or other services through ColleagueRelations@CVSHealth.com If you have a speech or hearing disability, please call 7-1-1 to utilize Telecommunications Relay Services (TRS). We will make every effort to respond to your request within 48 business hours and do everything we can to work towards a solution.