Executive Director, Rebate Finance Strategy

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.

Summary CVS Health's Pharmacy Services Finance Team is seeking an Executive Director to lead the Rebate Financial Strategy & Drug Profitability function. This role serves as the strategic finance leader for CVS Health's $70B+ annual rebate portfolio, providing financial stewardship, analytical rigor, and executive-level insight that directly influences pricing strategy, margin optimization, and long-term profitability across the PBM business. The Executive Director is accountable for setting the strategic direction, governance model, and executive decision framework for rebate financial performance and drug-level profitability across the enterprise. This leader will partner closely with VP and CFO leadership, Trade Strategy, Underwriting, and cross-functional stakeholders to shape rebate strategy, govern enterprise-wide drug-level financial assumptions, and translate complex pricing, utilization, contract, and regulatory dynamics into actionable narratives for executive decision-making. This is a high-visibility role that demands equal command of PBM economics, financial modeling, strategic storytelling, transformation leadership, and cross-functional influence. Major Resonsibilities 1. Rebate Strategy & Financial Planning Lead financial strategy, planning, and performance management for the $70B+ rebate portfolio. Partner with senior Finance and business leaders to drive margin optimization and long-term profitability. Deliver executive insights on financial performance, emerging risks, market dynamics, and regulatory impacts. Evaluate key drug and market trends to inform strategic planning and forecast accuracy. 2. Enterprise Assumptions Governance & Standardization Establish and govern enterprise-wide financial assumptions and forecasting methodologies. Maintain a centralized assumptions framework that drives consistency, transparency, and decision-making. Align cross-functional stakeholders on critical drivers impacting pricing, profitability, and growth. Strengthen governance and controls to improve forecast accuracy and financial performance. 3. Drug Profitability Analytics & Reporting Lead enterprise drug profitability analytics and reporting strategy. Develop actionable insights into key profitability drivers, market dynamics, and financial performance. Deliver scenario modeling and executive decision support for strategic initiatives and investments. 4. Multi-Year Refresh (MYR) & Trade Capacity Model Lead development of the Trade Capacity Model, a key driver of long-term profitability and COGS improvement. Direct financial modeling and planning inputs supporting enterprise budget and multi-year forecasting processes. 5. Process Improvement, Innovation & Technology Lead finance transformation initiatives that enhance forecasting, reporting, and operational effectiveness. Advance analytics, automation, AI, and technology solutions to improve decision-making and productivity. Oversee investment governance and portfolio prioritization to maximize business value and financial returns. Drive organizational change management and adoption of new operating models and technologies. 6. Leadership, Talent Development & Stakeholder Management Build, lead, and develop a high-performing team focused on strategic finance, analytics, and business performance. Foster a culture of accountability, innovation, and continuous improvement. Partner across Finance, Trade, Underwriting, and Operations to align strategy and business objectives. Serve as a trusted advisor to senior