Full-Time

Enterprise Procurement Senior Contracts Manager

Posted on 11/15/2025

Deadline 11/29/25
CVS Health

CVS Health

10,001+ employees

Healthcare, insurance, PBM, and retail pharmacy

Compensation Overview

$75.2k - $166k/yr

+ Bonus + Commission + Equity

Company Historically Provides H1B Sponsorship

Irving, TX, USA

Hybrid

Hybrid work: required on-site Tuesdays and Wednesdays.

Category
Operations & Logistics (1)
Required Skills
SAP Products
Risk Management
Requirements
  • Minimum 7 years of professional work experience
  • Minimum 5 years of experience working in a contracts support environment
  • Minimum 5 years drafting complex contractual documents, memorandum, terms and conditions, etc.
  • Minimum 3 years of professional experience and knowledge advising senior leaders/executives on contract law and risks and how these issues impact the contracting process
  • Ability to prioritize multiple tasks and high volume of contractual negotiations simultaneously
  • Bachelor's degree from an accredited four year college or university or equivalent work experience
  • Master's degree and/or Juris Doctor degree are highly desired
Responsibilities
  • Draft, prepare and review contract documents in accordance with established company policies and procedures designed to minimize potential exposure while maximizing benefits.
  • Lead all aspects of supplier contract exercises by negotiating all key terms of a variety of contract documents, including but not limited to legal and business terms to provide the appropriate level of risk mitigation as well as value for the enterprise.
  • Analyze all contract requirements, special provisions, terms and conditions to ensure compliance with appropriate laws, regulations, corporate policies and business unit procedures and requirements.
  • Effectively communicate the importance and intent of all required terms and conditions to both internal and external stakeholders which is crucial to success in this role.
  • Interact consistently with key CVS subject matter experts from areas such as Legal, Sourcing (both IT and Non-IT), Global Security, Information Governance, Risk Management, Privacy, Tax, various Finance areas i.e. IT Finance, FP&A, External Reporting among others) to ensure all current policies and procedures are reflected in contract documents and vendor communications.
  • Partner with Sourcing colleagues to support development of RFP requests by providing the necessary contractual documentation for participants to review as components of the exercise. Answer questions posed by participants’ legal counsel in the course of RFP negotiations and ensure problematic provisions are introduced to business leaders as key focal points of internal consideration when determining awards.
  • Act as the key point of contact and communication between Legal, finance, senior leadership, and business teams as well as the vendor concerning status and resolution of escalated contract issues and disputes that cannot be resolved at the Negotiator level.
  • Accurately and comprehensively identify contractual risks and associated dangers (e.g,, limitation of liability, waiver of consequential damages, etc.) for purposes of escalation to Senior Leadership to properly investigate and advise various levels of CVS management on contractual issues thoroughly.
  • Routinely participate in presentations, webinars and roundtable discussions to engage and educate business departments enterprise-wide to promote compliance with Corporate Purchasing and Contracts Policies.
  • Demonstrate established proficiency utilizing all evolving technological tools (e.g., Microsoft Office, Word, Excel, PowerPoint, SAP/Ariba Procure to Pay Suite of Applications i.e. eSourcing, Ariba Contract Management and Ariba Buyer, Skype for Business, Level 3 Webex etc.) to streamline daily tasks and communications.
  • Serve as a subject matter expert when presenting to Senior Leadership on complex deal concepts and non-standard provisions requiring executive approval.
  • Act as initial liaison with business units in compliance efforts to enforce adherence to Corporate Contract and Purchasing policies.
  • Manage multiple high visibility, high priority contracts/projects on a regular basis and closeout a variety of initiatives expeditiously with minimal oversight
  • Work both independently/autonomously and as part of a team to identify and analyze unique contractual relationships and craft terms to best fit the business relationship and protect CVS.
  • Monitor and lead a group of individuals, in multiple locations, to ensure that all projects are completed accurately, completely and within timelines.
  • Review and comment on all RFI, RFP, RFQ and contracts created by Enterprise Procurement on behalf of CVS Health.
  • Make sound business decisions based on available information relating to sourcing opportunities for CVS Health. Determine strategy for negotiations of expense and capital items to achieve savings goals for CVS Health.
  • Represent Enterprise Procurement and CVS Health with internal customers, vendors and outsiders, and interact with professionalism at all times.
  • Become a role model for the department. Mentor and guide staff where appropriate and discipline when necessary.
  • Collaborate with other staff to maintain Enterprise Procurement Manual and templates: manage changes to the current Enterprise Procurement Process Manual and templates working directly with the Director, Enterprise Procurement Contracts.
  • Perform work on special projects as assigned by management.
  • Obtain feedback, build business relationships and reduce to contract language addressing specific issues raised by internal stakeholders including, but not limited to Legal, Compliance, Risk Management, Information Privacy and Governance, Internal Audit, and Tax.
  • Adhere to the goals, standards, policies and objectives of the NON-IT and IT Sourcing and Contract Management team.
  • Lead the development and maintenance of terms and conditions for purchasing agreements and contracts.
  • Lead activities which ensure suppliers meet defined requirements, goals and targets.
  • Support supplier improvement targets in cost, quality and on time delivery to existing agreements.
  • Provide analysis, documentation and interpretations of contractual rights and obligations internally and externally, ensure that due diligence is practiced in complying with the stated terms and conditions.
  • Work with vendors, vendor managers and internal stakeholders to maintain a professional relationship.
  • Serve as a point of contact and subject matter expert for contractual matters.
  • Support the identification and investigation of cost of ownership opportunities including non-purchase price driven opportunities Contract Compliance and Administration.
  • Implement contract modifications to accommodate regulatory, legislative, industry or legal changes. Seek advice from legal, compliance, and other key internal stakeholders when appropriate.
  • Schedule and attend meetings with key internal stakeholders related to the Sourcing process, compliance, and audit and vendor management functions to ensure continued alignment on key policies which affect contracts.
  • Support the Contract Administration function, including aspects of Contract Administration, Document Management, Process Workflows, and Reporting and Compliance requirements.
  • Update and maintain contract templates and other required documents as necessary.
Desired Qualifications
  • Experience as a recurring user of Ariba Contract Management platform (or similar tool)
  • Experience negotiating non-merchandise/indirect commodity purchases of goods and/or services deals/contracts is preferred
  • Experience within the Retail and/or Healthcare Industries is preferred
  • A legal degree or degree in contract administration, public administration, business management or a closely related field is strongly preferred (MBA or JD preferred)
  • Certified Purchasing Manager (C.P.M.) or Certified Public Purchasing Officer (C.P.P.O), Certified Federal Contracts Manager (C.F.C.M.), Certified Professional Contracts Manager (C.P.C.M.) designations preferred
  • Professional experience managing, training and developing of people strongly preferred

CVS Health operates as a diversified health services company in the United States, organized into Health Care Benefits, Pharmacy & Consumer Wellness, and Health Services. Its offerings include medical insurance products, retail and mail-order prescription drugs, and pharmacy benefit management (PBM) services, all connected through its integrated platform. By combining insurance, retail pharmacy, PBM, and health solutions, CVS Health coordinates care and controls costs across touchpoints for individuals, employers, and government programs. The company aims to lower health care costs while improving access and health outcomes for customers.

Company Size

10,001+

Company Stage

IPO

Headquarters

Woonsocket, Rhode Island

Founded

1963

Simplify Jobs

Simplify's Take

What believers are saying

  • Q1 2026 revenue exceeded $100B, up 6% year-over-year.
  • Medical benefit ratio improved to 84.6%, signaling better cost management.
  • Pharmacy-only locations in underserved areas drive medication access expansion.

What critics are saying

  • Amazon Pharmacy captures 20% urban market share with next-day delivery.
  • FTC settlement forces PBM margin cuts of 15-20% through transparency.
  • State-level spread pricing bans eliminate $2-3B annual pharmacy revenue.

What makes CVS Health unique

  • Integrated model combines insurance, pharmacy, and primary care clinics uniquely.
  • Over 800 MinuteClinic locations and 24/7 virtual care nationwide.
  • Aetna serves 26 million medical members with broad health plans.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

Company Equity

Wellness Program

Professional Development Budget

Paid Vacation

Paid Holidays

Company News

PR Newswire
Mar 30th, 2026
CVS opens first pharmacy-only location in Chicago, plans nearly 20 this year

CVS Health has opened its first pharmacy-only location in Chicago, part of plans to launch nearly 20 such sites across the US this year. The 3,000-square-foot store at 2628 West Pershing Road features a full-service pharmacy with selected over-the-counter products. The pharmacy-only format is designed to increase access to medications, immunizations and pharmacist consultations in underserved communities. Additional locations are planned for Houston, Roxbury, Detroit and Brooklyn in 2026, alongside more than 40 traditional CVS Pharmacy stores. The move responds to consumer preferences, with CVS's 2025 research showing 80% of patients prefer face-to-face pharmacy care and 48% would switch pharmacies if limited to digital-only options. The company opened its first pharmacy-only site in Birmingham, Alabama, late last year.

Yahoo Finance
Mar 26th, 2026
CVS settles FTC insulin pricing probe as regulatory scrutiny of pharmacy benefit manager intensifies

CVS Health has reached a proposed settlement with the Federal Trade Commission over insulin pricing practices at its Caremark pharmacy benefit manager unit. The company also declared a quarterly dividend of $0.665 per share, payable on 4 May 2026. The settlement places CVS's pharmacy benefit management model under increased regulatory scrutiny regarding drug cost transparency. The company's investment narrative centres on its integrated model across insurance, pharmacy and care delivery, with near-term focus on restoring profitability in healthcare delivery and PBM services. CVS recently appointed former Elevance Health CFO John E. Gallina to its board as an audit committee financial expert. The company's narrative projects $445.5 billion revenue and $10.2 billion earnings by 2029, implying a fair value of $96.50 per share.

Yahoo Finance
Mar 23rd, 2026
Bernstein upgrades CVS Health to Outperform with $94 price target amid Medicare Advantage turnaround

Bernstein analyst Lance Wilkes upgraded CVS Health to "Outperform" from "Market Perform" on 12 March, raising the price target to $94 from $91. The upgrade reflects the company's attractive exposure to the Medicare Advantage turnaround and expectations of stable earnings in its pharmacy and pharmacy benefit manager businesses following reforms. Wilkes cited the PBM bill passage and the Federal Trade Commission settlement with Cigna as clearing events for the stock. Separately, CVS Health announced a strategic partnership with Google Cloud focused on reimagining healthcare experiences through its new health technology subsidiary, Health100, which will offer AI-powered healthcare services. CVS Health operates as a diversified healthcare company combining insurance, pharmacy benefit management, retail pharmacies and clinical services across the United States.

Yahoo Finance
Mar 13th, 2026
CVS Health's Aetna unit pays $117.7M to settle Medicare Advantage fraud allegations

Aetna, a CVS Health subsidiary, has agreed to pay $117.7 million to the US Department of Justice to settle allegations that it submitted inaccurate diagnosis codes for Medicare Advantage members to increase reimbursements. The settlement resolves longstanding False Claims Act allegations related to the Medicare Advantage programme. CVS Health shares recently closed at $76.07, down 5.1% year-to-date, though up 20.1% over the past year. The settlement is material for the company, which has thin net margins of 0.4% and debt not well covered by operating cash flow. The agreement highlights compliance risks in CVS Health's government-facing insurance operations, a central part of its Medicare Advantage business. Analysts' average target price stands at $96.50, approximately 27% above current levels.

Yahoo Finance
Mar 7th, 2026
Alphabet faces wrongful death lawsuit over Gemini AI chatbot while expanding healthcare partnership with CVS

Alphabet faces a wrongful death lawsuit alleging its Gemini AI chatbot contributed to a user's suicide, reportedly the first legal case directly linking Google's AI tools to a death. Simultaneously, the company announced a healthcare AI partnership with CVS Health focused on a real-time consumer engagement platform. The contrasting developments underscore Alphabet's expanding role in high-stakes sectors. The CVS collaboration integrates Gemini into Health100, a platform handling personal interactions across insurers, pharmacies and care providers. Meanwhile, the lawsuit tests whether conversational AI design and crisis protocols carry a duty of care, even outside formal healthcare settings. For investors, the key questions centre on how Alphabet manages legal risk, establishes guardrails and navigates regulatory oversight as its AI tools penetrate sectors requiring heightened safety and compliance standards.

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