Sr Analyst, FP&A - New Business

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
This role is accountable for end-to-end ownership and governance of new business financial proformas for Medicaid, including new markets, expansions, and re-procurements. The Sr Analyst serves as the single finance owner for new business modeling, ensuring accuracy, consistency, and alignment across Finance, Actuarial, Shared Services, and Health Plan leadership. The role partners closely with implementation, actuarial, and operational teams to support informed decision-making and executive approvals.

Key Responsibilities

• Own and manage all new business financial proformas, including revenue, medical margin, SG&A, FTE ramp, and startup cost assumptions across multi-year horizons

• Partner with Actuarial, Health Plan, Shared Services, and Corporate Finance to align assumptions, inputs, and methodologies for new business opportunities

• Lead financial modeling for RFPs, market expansions, re-procurements, and new product offerings, ensuring consistency with enterprise standards

• Maintain governance, documentation, and version control for all proformas and supporting assumptions

• Translate complex financial results into clear executive-ready summaries, risks, and recommendations

• Support leadership review, approval, and audit readiness for new business financials

• Identify opportunities to improve modeling efficiency, standardization, and scalability across new business processes

• Act as Finance point of contact for new business staffing models and cost structure discussions

Required Qualifications

• Advanced Excel and financial modeling skills

• Strong communication skills with ability to influence across functions

Preferred Qualifications

• Medicaid, government programs, or healthcare finance experience

• Experience with RFPs, new market entry, or startup financials

• Automation, or advanced analytics exposure

Education

• Bachelor’s degree in Finance, Accounting, or related field

• 5+ years of progressive FP&A or financial modeling experience

Anticipated Weekly Hours

Time Type

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. 
 

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.