Financial Operations Associate Jobs in Illinois (NOW HIRING)

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 ourselvesaccountable 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.

Role Description:

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.

The Senior Associate, Financial Operations & Analysis, supports the Senior Manager and team in preparing financial performance analysis, reporting, and support across designated regions.

This role acts as a key contributor in the preparation and execution of financial tasks, supporting the Senior Manager who is the primary financial point of contact for field leadership and executive leadership. The Senior Associate will be crucial in supporting center-level reporting, assisting in the development of educational materials, and contributing to strategic initiatives across the organization. This position reports directly to the Senior Manager, Financial Operations & Analysis.

Primary Job Duties & Responsibilities:

Regional Support and Execution:

• Assist the Senior Manager in communicating and interpreting financial results to field leaders within two assigned Divisions.

• Prepare materials for and attend recurring touchbases with field leadership to align on financial strategy and performance.

• Support initiatives to research performance trends and conduct ad-hoc financial analyses requested by Divisional Presidents (DPs), Regional Vice Presidents (RVPs), and Senior Medical Directors (SMDs).

• Assist in developing and preparing new educational materials and working sessions to address learning gaps for field leaders on topics related to drivers of financial performance

• Support the Senior Manager as the dedicated financial Subject Matter Expert (SME) during the Onboarding process of any newly hired field leader, such as RVPs.

Center-Level Financial Reporting & Evaluation:

• Support the generation and preparation of center-level financial reporting, including projections.

• Assist in the compilation and updating of reporting, including the transition of reporting platforms in close collaboration with the FP&A Team.

• Focus on generating financial reporting and projections by center cohort.

• Support Priority Center reviews by compiling reports, extracting key takeaways, and preparing executive discussion content (e.g., related to market or payor contracting challenges).

• Assist in developing Pro forma projections as needed for priority centers.

• Track improvement/deterioration rates for priority centers and benchmark performance against peers.

• Assist in managing JV Reporting (actuals & projections).

• Assist with the revision and maintenance of the Drivers of Profitability model.

Financial Reporting Enhancement Support:

• Assist in initiatives to enhance field financial reporting templates with an emphasis on visibility into variances in relation to certain benchmarks, such as financial budgets or center J-Curves.

• Support the development of solutions to quickly generate center-level patient contribution outputs from any budget or forecast model that aggregates to formal submissions, enabling assessment by center cohort.

Ad Hoc Project Support:

• Support the Senior Manager as a POC in assisting Oak Street Health's CFO, COO, on various ad hoc requests or program evaluations.

• Support the Senior Manager as a POC for Oak Street Health's Data Science (DS) team on project evaluations or any other team leveraging member-level or center-level financial data.

• Prepare ad hoc KPI or financial reporting materials for leadership meetings and Ad Hoc Projects/Program Evaluations (e.g., Visit redesign initiatives).

Education:

• Education & Experience: Bachelor's Degree; Finance, Accounting, Economics or related quantitative field preferred.

Prior Relevant Work Experience:

• 3-5 years of healthcare finance experience; value-based care or Medicare Advantage experience a plus

• Strong understanding of financial analysis, modeling, and forecasting, including experience with budget development, profitability drivers, and variance analyses.

Essential Qualifications:

• Technical Proficiency: Advanced skills in Microsoft Excel and proven experience with financial planning and reporting systems (e.g., Adaptive, Tableau, or similar BI/visualization tools). Familiarity with data querying/management tools is a plug (e.g., SQL, Alteryx).

• Communication and Presentation: Strong verbal and written communication skills with the ability to translate financial results into clear, actionable insights for the team and internal stakeholders. Experience assisting in the development of educational/training materials is required.

• Teamwork and Execution: Proven ability to manage personal workload, prioritize tasks, and contribute effectively as part of a team in cross-functional projects.

• Strategic Thinking & Problem-Solving: Ability to conduct or support ad-hoc analyses, identify performance trends, and assist in developing reporting solutions and enhancements.

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 offering a comprehensive and competitive mix of pay and benefits that reflects our commitment to our colleagues and their families.

Additional details about available benefits are provided during the application process and on Benefits Moments.

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