Lead Director Gross Margin Accounting - Pharmacy Consumer Wellness
Lead Director Gross Margin Accounting - Pharmacy Consumer Wellness
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$ 100000 - 231540
1 Vacancy
Job Description
At CVS Health were building a world of health around every consumer and surrounding ourselves with dedicated colleagues who are passionate about transforming health care.
As the nations leading health solutions company we reach millions of Americans through our local presence digital channels and more than 300000 purposedriven 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.
Position Summary
CVS Health is seeking a dynamic and experienced Lead Director of Gross Margin Accounting to support the Pharmacy and Consumer Wellness Segment (PCW). This role is responsible for leading an accounting team responsible for key strategic areas like evaluating revenue recognition implementation of new financial systems and controls and effectively communicating complex concepts analysis and results to multiple leaders.
Key Responsibilities:
- Manage supervise and mentor a team consisting of Sr. Manager Manager(s) Senior(s) and Staff positions
- Work closely with business leaders finance partners and crossfunctional stakeholder to drive business results
- Central point of contact for existing and new intercompany with PCW. Manage journal entries intersegment communications handshakes reporting and coordinate segment signoffs with the Controller
- Responsible for accounting for pharmacy reimbursement guarantees and partnering with business teams on results.
- Revenue recognition adjustments lead project to update systems to reflect sale at the time of script pickup. Scope includes new financial feeds into a variety of downstream systems and establishing a new reconciliation process for the waiting bin
- Align department resources with enterprise strategies of the organization including coordinating accounting and consolidations for new business ventures related to comanufacturing entity
- Perform financial analysis and supporting calculations for accounting entries mining data from Pharmacy systems referencing sales/adjudication data collection patterns operational activities driving financial statements
- Oversight to ensure SOX compliance
- Ability to identify and analyze emerging trends and their application to the business
- Responsible for analyzing vendor and customer agreements to assess financial impacts and establish proper accounting processes and controls.
- Assist in the preparation and review of monthly quarterly and annual financial statements
- Evaluate understand and prepare formal documentation surrounding complex transactions consistent with Accounting Standards ASC 606 Revenue from Contracts with Customers ASC 326 Measurement of Credit Losses on Financial Statements (CECL Model) and ASC 705 Consideration from a Vendor
- Propose journal entries and accounting procedures regarding complex transactions and aid support staff in their understanding of these transactions
- Evaluate and propose process improvement and efficiency opportunities
- Other duties/special projects which may be assigned by the Executive Directors Vice President Senior Vice President
Required Qualifications
Bachelors degree in Accounting/Finance
10 years of experience in a Public/Corporate Accounting position
Preferred Qualifications
Certified Public Accountant (CPA)
Masters Degree or MBA
Education
Bachelors degree in Accounting/Finance
Pay Range
The typical pay range for this role is:
$100000.00 $231540.00
This pay range represents the base hourly rate or base annual fulltime 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 shortterm incentive program in addition to the base pay range listed above. This position also includes an award target in the companys 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.
Nocost 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 anticipate the application window for this opening will close on: 04/21/2025 Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal state and local laws.
Required Experience:
Director
Employment Type
Full-Time
