Vice President, PBM Rebate Management
- Caremark 3.2 3.2 out of 5 stars 1 CVS Drive, Woonsocket, RI 02895 $250,000
- $350,000 a year
- Full-time CVS Health 50,507 reviews $250,000
- $350,000 a year
- Full-time We're building a world of health around every individual — shaping a more connected, convenient and compassionate health experience. At CVS Health®, you'll be surrounded by passionate colleagues who care deeply, innovate with purpose, hold ourselves accountable and prioritize safety and quality in everything we do. Join us and be part of something bigger
- helping to simplify health care one person, one family and one community at a time.
Position Summary The Vice President, PBM Rebate Management is accountable for enterprise‑wide ownership of PBM client rebate economics, including the strategy, governance, and financial integrity of rebate forecasting and P&L management supporting approximately $10B in annual underwriting activity. This role ensures rebate accuracy, financial discipline, and consistent application of rebate assumptions and methodologies across clients, products, and pricing strategies. The Vice President leads the PBM Client Rebate P&L Center of Excellence, establishing a centralized and disciplined approach to rebate management, margin optimization, and financial governance. The role provides senior‑level financial leadership to inform underwriting decisions, pricing and formulary strategy, and complex client negotiations, while proactively identifying and mitigating financial risk. Operating within a highly matrixed and competitive environment, this position partners closely with Sales, Underwriting, Trade, Product, Legal, Finance, Consultant Relations, and senior PBM leadership to support growth, profitability, and market competitiveness. The role also advances enterprise rebate data and reporting capabilities by driving standardization of data, assumptions, and governance to support scalable and sustainable rebate performance. Primary Responsibilities Lead the PBM Client Rebate P&L Center of Excellence with end‑to‑end accountability for rebate forecasting, analytics, and financial performance. Ensure timely, accurate, and defensible rebate forecasts to support underwriting, proposals, renewals, and strategic client decisions. Partner with Sales and Trade to optimize rebate offers, pricing strategies, and bid positioning from a financial and competitive perspective. Deliver multi‑million‑dollar annual margin improvement through Client Value Optimization, coordinating execution across Sales, Account Services, Finance, and Trade. Oversee and expand the financial change order process to ensure all client‑initiated changes are appropriately evaluated, approved, and managed with financial rigor. Lead Product Analytics to support the financial performance of network, utilization management, clinical, pricing, risk‑based, and formulary strategies. Manage executive‑level Steering Committee discussions with senior PBM leadership to surface key risks, tradeoffs, and emerging opportunities. Provide subject matter expertise in complex client, consultant, and sales engagements. Lead the Custom Formulary Consulting team and streamline end‑to‑end rebate processes. Establish governance over rebate assumptions, methodologies, and data standards, including oversight of the Data Forecast Mart (DFM). Required Qualifications 15+ years of healthcare industry experience. 10+ years of managed care experience. 10+ years of progressive leadership experience, including leading leaders, managing KPIs and budgets, and driving outcomes in complex organizations. 5+ years of PBM rebate management experience. 5+ years of experience in pharmaceutical pricing, contracting, or drug manufacturer pricing. Demonstrated strategic and solution‑oriented leadership capabilities, with the ability to frame complex problems and develop solutions that balance multiple stakeholder interests. Proven ability to solve complex, ambiguous problems using a combination of quantitative financial analytics, market‑based business judgment, and organizational understanding. Advanced influence and relationship‑building skills, with the ability to establish credibility and impact across both senior and junior stakeholders. Demonstrated leadership and people management skills, including leading cross‑functional teams within highly matrixed environments. Strong execution capabilities with the ability to achieve established goals while navigating organizational complexity. Deep financial and analytical expertise, leveraging data‑driven insights to inform enterprise strategy and decision‑making. Exceptional communication skills, including the ability to present to senior internal and external leaders and to produce clear, concise, well‑synthesized written materials and proposals. Bachelor's degree or equivalent experience required; Master's degree preferred. Ability to travel as required.
Location :
This role can be based anywhere in the United States Pay Range The typical pay range for this role is: $250,000
- 350,000 Pay Range The typical pay range for this role is: $0.00
- $0.
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. Our people fuel our future. Our teams reflect the customers, patients, members and communities we serve and we are committed to fostering a workplace where every colleague feels valued and that they belong. Great benefits for great people We take pride in offering a comprehensive and competitive mix of pay and benefits that reflects our commitment to our colleagues and their families. This full‑time position is eligible for a comprehensive benefits package designed to support the physical, emotional, and financial well‑being of colleagues and their families. The benefits for this position include medical, dental, and vision coverage, paid time off, retirement savings options, wellness programs, and other resources, based on eligibility. Additional details about available benefits are provided during the application process and on Benefits Moments. We anticipate the application window for this opening will close on: 05/18/2026 Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.
