Contract Analyst

Bring your heart to CVS Health. Every one of us at CVS Health shares a single, clear purpose: Bringing our heart to every moment of your health. This purpose guides our commitment to deliver enhanced human-centric health care for a rapidly changing world. Anchored in our brand — with heart at its center — our purpose sends a personal message that how we deliver our services is just as important as what we deliver.
 
Our Heart At Work Behaviors™ support this purpose. We want everyone who works at CVS Health to feel empowered by the role they play in transforming our culture and accelerating our ability to innovate and deliver solutions to make health care more personal, convenient and affordable.

Position Summary

The primary responsibility of the Contract Analyst is to ensure the intent surrounding the contract negotiation process is accurately reflected in the final document and to ensure version control of the agreement redlines. The Contract Analyst will work primarily with the CVS Specialty Pharmacy trade group, internal stakeholders, and pharmaceutical manufacturers. Generally, the contracts will be for Purchase, Distribution, Pharmacy Services, Confidentiality Agreements and Settlements. These contracts must accurately reflect CVS Caremark’s current business strategies and must have approval from all respective business units, in accordance with the Contract Review and Approval Process SOP and all current regulatory requirements. This position is Work From Home Flex; candidate is expected to be in Northbrook, IL office 3 days per week.

The main responsibility of the position involves managing all phases of our Specialty Pharmacy Manufacturer agreement process including:

• Work with redlines and ensuring version control of assigned agreements

• Customize and modify existing contract language

• Track and maintain all stages of agreement document process

• Ensure timely contract completion and execution

• Collaborate with internal stakeholders during specialty contract negotiations and with pharmaceutical manufacturers

• Organize and moderate intent calls with key stakeholders across the organization to discuss contracts and amendments prior to review

• Organize conference calls with manufacturer account representatives and/or legal counsel to finalize agreements/amendments

• Review final documents and ensure all proper internal approvals are obtain prior to submitting for signature

• Implementation notification and facility list tracking

Expectations and responsibilities of the successful candidate include:

• Proactively take action on assigned projects

• Ability to work in a fast paced, deadline driven environment while ensuring quality and accuracy

• Develop a breadth of Specialty Pharmacy knowledge that includes required contractual clauses and services offerings

• Use critical thinking in order to apply knowledge to each contract

• Strong attention to detail

• Sense of urgency

• Solution focused

• Ability to identify and escalate critical issues

• Effectively communicate with all levels of the organization

• Ability to manage multiple complex agreements simultaneously

• Open and adaptable to new and innovative strategies and processes

• Ability to work autonomously as well as collaboratively

Required Qualifications

• 2 years of experience with contracts, healthcare or insurance.

• Intermediate level Microsoft Word and Excel

• Must be able to commute to the Northbrook, IL office 3 days a week

Preferred Qualifications

• Contract support or contract interpretation experience

• Pharmacy/Specialty Pharmacy/Medical Industry knowledge

Education

Bachelor’s degree or equivalent work experience required

Pay Range

The typical pay range for this role is:

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. 
 
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

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. 

Salary : $40,600 - $87,500