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CVS Health

Runs pharmacies, health plans and clinics

Enterprise Procurement Contracts Manager

Full-TimeUpdated on 10/23/2026Deadline 11/16/26
$66.3k - $145.9k/yr+ Bonus + Commission + Short-term incentive
Senior
Bachelor's, Master's, JD
Northbrook, IL, USA+3 moreMore locations: Hartford, CT, USA | Woonsocket, RI, USA | Irving, TX, USA
HybridHybrid; required in-office Tuesdays and Wednesdays each week.
Contract Management
Company Historically Provides H1B Sponsorship

About the job

Requirements
  • At least 5 years of related contract negotiations experience.
  • At least 5 years reviewing, editing, and drafting contractual terms and conditions.
  • At least 5 years of professional experience with Microsoft Office.
  • Ability to prioritize multiple tasks and a high volume of contractual negotiations simultaneously.
  • Experience advising senior leadership in a corporate environment.
  • A verifiable Bachelor's degree from an accredited four-year college or university; equivalent years of work experience may substitute.
Responsibilities
  • Draft, prepare, and review contract documents in accordance with established company policies and procedures to minimize potential exposure while maximizing benefits.
  • Negotiate key legal and business terms across a variety of contract documents to provide appropriate risk mitigation and value for the enterprise.
  • Analyze contract requirements, special provisions, terms, and conditions to ensure compliance with applicable laws, regulations, corporate policies, and business-unit procedures and requirements.
  • Perform special projects assigned by management with direct visibility to senior leadership; implement change and lead larger projects by managing groups of Contract Analysts.
  • Communicate the importance and intent of required terms and conditions to internal and external stakeholders.
  • Communicate with internal team members and business partners to draft and negotiate provisions and accurately document terms and conditions in scopes of work, service-level agreements, financial incentives, turnaround times, and similar documents.
  • Coordinate with subject matter experts in Legal, Sourcing, Information Security, Risk Management, Privacy, Tax, and Finance to ensure current policies and procedures are reflected in contract documents and vendor communications.
  • Partner with Sourcing colleagues to support RFP development by providing contractual documentation; answer participant legal counsel questions during RFP negotiations and raise problematic provisions with business leaders for award consideration.
  • Serve as the key contact among Legal, Finance, Senior Leadership, business teams, and vendors regarding the status and resolution of escalated contract issues and disputes beyond the Senior Contracts Negotiator level.
  • Mentor and guide staff, support individual and team development through appraisal and development planning, and provide coaching and mentoring.
  • Collaborate with staff and internal stakeholders to maintain and update the Enterprise Procurement Process Manual and templates.
  • Identify contractual risks, including limitation of liability and waiver of consequential damages, and escalate them to Senior Leadership for investigation and advice to CVS management.
  • Work with Legal, Sourcing, Information Technology Security, Risk Management, Privacy, Compliance, Internal Audit, Tax, and Finance to discuss developments requiring contract-template updates; lead discussions and language revisions and finalize templates with appropriate subject matter experts.
  • Participate in presentations, webinars, and roundtable discussions to educate business departments enterprise-wide and promote compliance with Corporate Purchasing and Contracts Policies.
  • Use Microsoft Office tools, including Word, Excel, and PowerPoint, and SAP/Ariba Contract Management to streamline daily tasks and communications.
  • Present complex deal concepts and non-standard provisions requiring executive approval to Senior Leadership as a subject matter expert.
  • Act as the initial liaison with business units in efforts to enforce compliance with Corporate Contract and Purchasing policies.
  • Manage multiple high-visibility, high-priority contracts and projects and close out initiatives expeditiously with minimal oversight.
  • Work independently and as part of a team to identify and analyze contractual relationships and craft terms that fit the business relationship and protect CVS.
Desired Qualifications
  • Recurring user experience with the Ariba Contract Management platform or a similar tool is highly preferred.
  • Certified Commercial Contracts Manager (CCCM) certification is a plus.
  • Experience negotiating contracts or deals for non-merchandise or indirect commodity purchases of goods and/or services is preferred.
  • A Master's degree and/or JD is highly desired.

About the company

CVS Health runs pharmacies, health insurance plans and medical clinics for individuals, employers and government programs across the United States. Its businesses include CVS Pharmacy, the Aetna insurer and Caremark, which manages prescription coverage and negotiates drug prices for health plans. Patients fill prescriptions in stores or by mail and receive care through walk-in clinics, primary care centers and home visits. The company earns money from prescription sales, insurance premiums, plan administration fees and clinical services, combining coverage with places to obtain treatment. Its first store opened in 1963, and its headquarters are in Woonsocket, Rhode Island.

Company Size

10,001+

Company Stage

IPO

Headquarters

Woonsocket, Rhode Island

Founded

1963

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Simplify's Take

What believers are saying

  • Demand is expanding: CVS Health reported $106.1 billion revenue in the June 2026 quarter, up 7.3% year over year.
  • Eligible colleagues get degree support: CVS Health's partner-college program covers tuition with no out-of-pocket cost through reimbursement.
  • Self-pay care is expanding: MinuteClinic announced $29 online weight-loss visits in August 2026, without recurring membership fees.

What critics are saying

  • Insurance leaves a narrow cushion: Aetna's medical costs consumed 87.4% of premium revenue in the June 2026 quarter.
  • Drug fees face limits: Caremark's July 2026 FTC settlement proposes separating fees from drug list prices.
  • Wilmington's pharmacist role includes mobility: CVS Rx Services lists up to 25% travel across nearby pharmacy locations.

What makes CVS Health unique

  • Its pharmacy shelves are tobacco-free: CVS removed tobacco products while keeping its national retail pharmacy network.
  • Caremark separates drug costs from service fees: TrueCost anchors pricing to acquisition benchmarks and makes dispensing fees visible.
  • Its clinics accept care-cost risk: Oak Street receives fixed payments from health plans rather than billing only per visit.

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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

Yahoo Finance
Oct 20th, 2026
CVS opens small 3,000 sq ft pharmacies to fill gaps left by 1,000 Walgreens and Rite Aid closures

CVS Health is opening small, pharmacy-only stores in communities left underserved after rivals closed locations. The chain has opened its newest 3,000-square-foot store in Roxbury, Massachusetts, just outside Boston. Walgreens and CVS have closed over 1,000 stores in recent years, and Rite Aid shut all 2,000 of its stores in 2023. Thinner margins strained profits at the chains. CVS plans to open 20 small-format stores this year. It already has sites in Birmingham, Chicago, Detroit, Houston, and Washington, D.C. Most offer immunisations as well as prescriptions. Smaller stores could cut inventory and rent costs. Walgreens has opened about 100 smaller stores for the same reason. IBISWorld puts the US pharmacy market at $739.4 billion in 2026.

PR Newswire
Oct 20th, 2026
MinuteClinic opens three Massachusetts clinics, including its first in Boston

CVS Health said MinuteClinic, its medical clinic inside select CVS Pharmacy stores, has opened three Massachusetts locations in Charlestown, Beverly, and Swampscott. The Charlestown clinic is the first MinuteClinic in Boston. Board-certified nurse practitioners staff each clinic. They offer vaccinations, health screenings, routine lab tests, physicals, and treatment for minor illnesses and injuries. Patients aged 18 months and older can walk in seven days a week, including evenings and weekends. Most major health insurance is accepted, and self-pay options are available. "By making care more accessible, we can help patients address health concerns earlier and avoid unnecessary visits to higher-cost settings such as the emergency room," said Tara Allain, executive area director at MinuteClinic.

Yahoo Finance
Oct 19th, 2026
CVS Health raises 2026 revenue forecast to $414B, but shares fall 11.5%

CVS Health raised its fiscal 2026 revenue forecast on August 5 to at least $414 billion, up from $405 billion in May. Yet the stock has fallen 11.5% since, against a 1.0% dip for the S&P 500. The company also lifted its adjusted earnings per share target to between $7.90 and $8.10, from $7.40 at the mid-point. It now expects cash flow from operations of at least $11.5 billion, up from $9.5 billion. Shares closed at $92.36 on October 16, just above the 50-day average of $91.73 and the 200-day average of $87.51. The new forecast implies second-half revenue about 0.5% below the same period last year. The next key test is the September quarter report, expected on November 4.

PR Newswire
Oct 7th, 2026
CVS Health opens first pharmacy-focused location in Boston area

CVS Health has opened its first pharmacy-focused location in the Boston area, situated at 32 Warren Street in Roxbury. The company plans to launch nearly 20 such locations across the US in 2026 to increase access to pharmacy care. The new format features full-service pharmacies averaging 3,000 square feet, offering prescription medications, immunisations, and over-the-counter products. Customers can order additional items with free home delivery. The Roxbury site includes a medication disposal bin and safe needle collection point. These smaller pharmacies complement CVS's existing formats, including traditional stores, store-in-store locations in Target and Schnucks, and sites with MinuteClinic facilities. According to CVS Health's 2025 Rx Report, 80% of patients prefer face-to-face pharmacy care, whilst 48% would switch pharmacies if limited to digital-only options.

Yahoo Finance
Sep 25th, 2026
CVS shares drop 15% as pharmacy giant warns of unquantified 340B business headwinds in 2027

CVS Health faces an unquantified headwind from its 340B drug discount programme heading into 2027, management warned during its fiscal Q2 2026 earnings call in August. The company's shares have fallen 15.2% over the past three months, even as management raised its 2026 earnings outlook. The 340B business, which serves eligible healthcare organisations, is experiencing pressure as drugmakers limit programme coverage. Management expects this drag to continue affecting its pharmacy services business in 2027 but declined to quantify the potential impact. CVS's Health Services segment, which likely includes the 340B business, generated $190.4 billion in revenue during fiscal 2025. The company trades at 22.5 times trailing earnings, roughly level with the S&P 500's 22.4 multiple.