Senior Manager Federal Plans Finance

At CVS Health, we’re building a world of health around every consumer and surrounding ourselves with dedicated colleagues who are passionate about transforming health care.

As the nation’s leading health solutions company, we reach millions of Americans through our local presence, digital channels and more than 300,000 purpose-driven colleagues – caring for people where, when and how they choose in a way that is uniquely more connected, more convenient and more compassionate. And we do it all with heart, each and every day.

As the Senior Manager of Financial Reporting & Analysis, you will be responsible for the financial accounting, budgeting, analysis, and reporting for Aetna’s self-insured Federal Health Plans (Feds).  This unique role supports the financial requirements of both Aetna and our external clients (the Feds Plan Sponsors).   

You will provide leadership and oversight for a team that performs several traditional accounting and finance functions, including budgeting/forecasting, variance analysis, general ledger close, balance reconciliations, cash management, invoicing, payments, etc.     

In addition, you will support and manage the unique aspects associated with Federal Health Plans, including:

• Cost reimbursement accounting
• Cash management through a Letter of Credit at the US Treasury
• Government reporting requirements, including quarterly/annual financial statements, small business usage, etc.
• Annual audit and agreed-upon procedures
• Direct interaction with clients, auditors, and OPM (Federal Government)

Key Responsibilities

• Lead, mentor and develop a team of 5 direct reports.
• Develop relationships with key business partners, both internal and external to Aetna – including Feds management and business partners, clients, auditors, federal government.
• Own the budgeting and forecasting process.
• Manage the month end G/L close process.
• Analyze and report on results vs. budget/forecast.
• Support revenue identification and invoicing.
• Provide oversight for unique Feds cash management activities.
• Develop and maintain controls to ensure compliance with Federal Health Plan regulations.
• Manage required governmental reporting, audits and agreed-upon procedures.
• Understand, communicate, and adjust for the unique aspects of Feds cost reimbursement accounting.

Required Qualifications

• Minimum 7 years of related financial reporting and analysis work experience.
• People management experience
• Advanced proficiency in Microsoft Office Applications (e.g., Excel, PowerPoint).

• Proficiency in Hyperion, S4 and Anaplan (Workforce Planning tool).

Preferred Qualifications

• Prior government cost accounting experience preferred but not required.
• Proven ability to support multiple projects/responsibilities simultaneously, while ensuring flexibility to meet deadlines and support team goals.
• Strong attention to detail, critical thinking, and analytical skills.
• Mastery of problem solving and decision-making skills.
• A clear understanding of basic financial and accounting concepts.
• Strong communication (verbal/written) and presentation skills.

Education

• Bachelor’s Degree or equivalent work experience.

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.  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 our comprehensive and competitive mix of pay and benefits – investing in the physical, emotional and financial wellness of our colleagues and their families to help them be the healthiest they can be. In addition to our competitive wages, our great benefits include:

• Affordable medical plan options, a 401(k) plan (including matching company contributions), and an employee stock purchase plan.

• No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching.

• Benefit solutions that address the different needs and preferences of our colleagues including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility.

For more information, visit https://jobs.cvshealth.com/us/en/benefits

Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.