Full-Time

Sr Analyst

Payroll Tax

Posted on 11/3/2025

Deadline 11/8/25
CVS Health

CVS Health

10,001+ employees

Healthcare, insurance, PBM, and retail pharmacy

Compensation Overview

$47k - $112.2k/yr

+ Bonus + Commission + Short-term incentive

Company Historically Provides H1B Sponsorship

Central Falls, RI, USA

Hybrid

Three days in-office per week (Tue–Thu) for this hybrid role.

Category
Accounting (1)
Required Skills
Word/Pages/Docs
Excel/Numbers/Sheets
PowerPoint/Keynote/Slides
Requirements
  • 3+ years of payroll operational experience.
  • Proven ability to drive end to end delivery and communicating results to senior leadership.
  • Experience in supporting repeatable processes and driving standardization.
  • Excellent collaboration skills, and the confidence to challenge and influence the outcome of payroll processes.
  • Ability to resolve conflicts and/or negotiate with others to achieve positive results.
  • Proven work experience in a payroll orientated role
  • Must have a strong working knowledge of payroll operations to succeed in this role.
  • Ability to oversee multiple assignments simultaneously.
  • Able to translate complex data from a range of sources into leader ready insights and deliverables.
  • Experience in initiating plan, organize, motivate, mentor, direct and evaluate the work of others.
  • Proficient with employee related software (preferable Workday)
  • Strong Knowledge of Microsoft Excel as well as working knowledge of Microsoft Word, PowerPoint, and Outlook.
  • Willingness to travel as needed and working in a balanced hybrid environment.
  • Bachelor's degree in work-related discipline/field from an accredited college or university; and or equivalent relevant profession work experience in payroll.
  • Certified Payroll Professional, CPP Designation
Responsibilities
  • Manage employee overpayment collection process directing the service provider for optimal recovery
  • Analyze submitted EIB – Enterprise Interface Builder (formatted excel based files) for submission to service provider and Workday.
  • Respond to Internal Audit requests for SOX reporting.
  • Support payroll analytical reporting (ie trends, defects, etc.) Bring your expertise, problem solving skills, and creativity to add value to the payroll organization.
  • Unify distributed efforts and own the plan to deliver quality outcomes for our colleagues.
  • Work across internal teams to ensure that we continue integrating internal support capabilities with the best-in-class colleague experience as new services and features are launched.
  • Promote the use of payroll compliant principles.
  • Provide thoughtful leadership and influence change at all levels of the organization.
  • Support projects ensuring on-time delivery of commitments through data preparation, execution, engagement, and documentation.
  • Submit change request on behalf of business lines
  • Partner with both the IT organization and our Service Provider on business requirement documents.
  • Use best practices to ensure operations are run efficiently.
Desired Qualifications
  • Experience reporting payroll operational metrics
  • Experience with Payroll/HR specific technologies, particularly WorkDay HCM/Payroll and Infor’s Workbrain Time & Labor application

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

  • Aetna drove Q1 2026 operating income to $3 billion, raising EPS guidance to $7.30-$7.50.
  • Health100 AI platform with Google Cloud enhances personalized care and efficiency.
  • Pharmacy-only stores expand to 20 sites in 2026, targeting underserved Chicago, Houston areas.

What critics are saying

  • Aetna pays $117.7M DOJ settlement for Medicare Advantage diagnosis fraud in May 2026.
  • FTC insulin settlement forces Caremark rebate transparency, compressing PBM margins by 2027.
  • Walgreens VillageMD and Walmart clinics erode CVS retail pharmacy market share in 2026.

What makes CVS Health unique

  • CVS Health integrates Aetna insurance, Caremark PBM, and 9,000 retail pharmacies into closed-loop care.
  • Specialty units like Accordant and Coram serve 45,000 patients monthly for complex conditions.
  • HealthHub kiosks and MinuteClinics pilot preventive care in Atlanta, Houston, Philadelphia.

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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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