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. **Position Summary** As a Manager within the Enterprise Procurement Subcontractor Compliance & Risk department, you will play a pivotal role in supporting the CVS Health Pharmacy Benefit Management (PBM) business unit. You will be entrusted with implementing critical safeguards and overseeing third-party vendor relationships to ensure rigorous adherence to contractual flow-down requirements, as well as PBM client-specific contract obligations. Success in this role demands exceptional organizational acumen and the ability to deftly manage multiple priorities and a high volume of complex contractual negotiations simultaneously. You will serve as a key representative of Enterprise Procurement on cross-functional project teams reporting to senior leadership, facilitating enterprise-wide compliance initiatives—both contractual and operational. Flexibility, collaboration, and a solutions-oriented mindset are essential as you work to achieve outcomes that advance the interests of the enterprise, our clients, and our partners. Key Responsibilities include, but are not limited to: + Drafting, preparing, and reviewing contract documents in strict accordance with company policies and procedures, with a focus on minimizing risk and maximizing value. + Leading targeted aspects of third-party supplier contract negotiations, including regulatory flow-down provisions and PBM client-mandated terms, to ensure robust risk mitigation and enterprise value. + Analyzing Medicaid requirements, special provisions, and terms and conditions to guarantee the appropriate flow-down of obligations to managed vendors. + Collaborating with a diverse pool of managed vendors to maintain compliance with all relevant laws, regulations, corporate policies, business unit procedures, and client requirements. + Partnering with CVS Health business owners and program end-users to identify and manage third-party vendors integral to PBM product offerings. + Negotiating and memorializing critical flow-down provisions and specific terms and conditions with each vendor. + Engaging with CVS subject matter experts to ensure vendor compliance with all CVS Health requirements and providing regular updates to key stakeholders. + Supporting PBM Account Management, PBM Legal, and PBM Proposal teams in the development of RFP requests by supplying necessary compliance documentation and responses. + Collaborating with PBM Legal to update and renegotiate flow-down provisions as needed. + Acting as the primary point of contact between legal, finance, senior leadership, business teams, and vendors regarding the status and resolution of performance issues and disputes. + Serving as the subject matter expert for third-party vendor subcontractor-related inquiries, including marketplace RFP exercises and client account management. + Reviewing client contracts pre-award to assess compliance and identify potential risks or red flags. + Acting as the initial liaison with business units to ensure compliance with established policies. + Creating and distributing vendor reports to clients as required. + Representing Enterprise Procurement and CVS Health with professionalism in all interactions with internal customers, vendors, and external partners. + Modeling exemplary conduct for the department, mentoring and guiding staff, and providing corrective action when necessary. **Skills for Success:** + Proven ability to prioritize and manage multiple tasks and a high volume of contractual negotiations concurrently. + Demonstrated flexibility and collaborative spirit to achieve optimal outcomes. **Required Qualifications** + Minimum of 5 years of professional experience in a corporate environment, with a focus on vendor management, compliance and risk, or contract negotiation. **Education** Bachelor's degree or equivalent experience ( 4 years) **Anticipated Weekly Hours** 40 **Time Type** Full time **Pay Range** The typical pay range for this role is: $66,330.00 - $145,860.00 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 We anticipate the application window for this opening will close on: 08/18/2025 Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws. We are an equal opportunity and affirmative action employer. We do not discriminate in recruiting, hiring, promotion, or any other personnel action based on race, ethnicity, color, national origin, sex/gender, sexual orientation, gender identity or expression, religion, age, disability, protected veteran status, or any other characteristic protected by applicable federal, state, or local law.