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Financial Planning And Analysis Manager

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.

The Financial Planning and Analysis (FP&A) Manager supports Mercy Care's financial performance through reporting, planning, variance analysis, Scorable Action Item (SAI) oversight, payment calculations, and strategic insight. The role combines responsibilities previously supported across financial reporting and operations, SAI management, and selected provider capitation expense calculations.

This manager partners with finance and operational leaders, ensures accurate and timely financial deliverables, strengthens processes and controls, and translates financial and medical-spend data into actionable insights. The role also uses SQL and related data tools to expand cost analysis, identify medical-spend drivers, and support cost optimization opportunities.

Key Responsibilities

• Prepare and deliver monthly financial reporting packages and consolidated year-to-date reporting files.
• Perform detailed variance analysis for direct SG&A expenses and provide insight into key drivers of financial performance.
• Develop cost center reports and reporting tools that improve visibility, accuracy, and decision support.
• Use SQL and other analytical tools to evaluate Mercy Care medical expenses, cost trends, and underlying financial drivers.

Financial Operations & Month-End Close Support

• Prepare and send invoices supporting due to/from reclassification activity.
• Review and verify salary data for Mercy Care Plan employees working on grants.
• Lead quarterly cost center reporting discussions with department owners.
• Support month-end close, maintain financial documentation, and improve processes and controls.

Provider Payment Calculations

• Prepare monthly capitation expense calculations for multiple providers.
• Validate source data, calculation accuracy, contractual inputs, and supporting documentation before results are finalized.
• Coordinate with accounting and business partners to research variances, resolve issues, and support timely recording of provider expenses.
• Maintain and improve calculation workbooks and related procedures to strengthen efficiency, consistency, and auditability.

Financial Planning & Forecasting

• Participate in the annual budget and quarterly forecast processes.
• Partner with business leaders to develop assumptions and financial plans.
• Monitor performance against budget and forecast expectations.
• Identify trends, risks, and opportunities affecting financial results.

Business Partnering

• Support decision-making through financial modeling, scenario analysis, and cost analysis.
• Collaborate cross-functionally to understand business drivers and operational impacts.
• Present financial results, risks, opportunities, and recommendations to leadership.

SAI (Scorable Action Item) Oversight & Analytics

• Manage and continuously enhance the SAI tracking process, ensuring accurate and timely updates.
• Partner with business leads and executive sponsors to coordinate SAI identification, prioritization, reporting, and resolution efforts.
• Lead SAI trend analysis and prepare monthly summaries of key trends, risks, opportunities, and savings calculations.
• Support the development and optimization of SAI tracking and reporting tools, including QuickBase and Power BI.
• Use SAI insights to inform leadership discussions, financial forecasting, and decision-making.

Ad Hoc Analysis & Special Projects

• Perform financial analysis supporting strategic initiatives and emerging business questions.
• Support contract, vendor, medical-spend, and cost optimization analyses.
• Lead process improvement efforts that enhance efficiency, data quality, and financial controls.

In order to be successful in this role you must exhibit the following:

• Financial analysis, accounting knowledge, and business acumen.
• Medical-spend analysis and ability to translate detailed data into actionable insights.
• Executive-level communication and presentation skills.
• Process improvement and continuous improvement mindset.
• Attention to detail with the ability to manage recurring deadlines and synthesize large data sets.
• Strong collaboration across finance, accounting, and operational teams.

Required Qualifications

• 5+ years of experience in Financial Planning and Analysis, financial reporting, accounting, or healthcare finance with experience preparing complex financial calculations, reconciliations, and management reporting.

Preferred Qualifications

• Medicaid, Medicare, managed care, or health plan finance experience.
• Experience with SAI or similar savings and issue-tracking frameworks.
• Proficiency in SQL for extracting, validating, and analyzing large data sets.
• Exposure to finance committee, board-level, or executive reporting.
• Experience with financial and reporting tools such as Oracle, Hyperion, Power BI, or QuickBase.

Education

• Bachelor's degree in Finance, Accounting, Business, or a related field required or equivalent years of related experience.

Anticipated Weekly Hours: 40

Time Type: Full time

Pay Range: $54,300.00 - $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 offering a comprehensive and competitive mix of pay and benefits that reflects our commitment to our colleagues and their families.