Senior Manager, Procurement Contracts

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.

As an Enterprise Procurement Sr. Contracts Manager, you will be responsible for supporting the CVS Health enterprise drafting, negotiating, and finalizing IT and Non-IT deals and contractual documents for the purchase of all categories and commodities of non-merchandise goods and services. You will perform these tasks in accordance with corporate contract and purchasing policies. In this role, you will also lead and/or represent Enterprise Procurement on project teams that include or report to CVS senior leadership and are tasked with facilitating enterprise-wide strategic initiative projects, proposing and executing enterprise-wide savings initiatives, communicating and enforcing both internally and externally CVS policy as well as regulatory requirements, meeting and exceeding business goals, supporting supplier diversity among CVS vendors and within the enterprise, and supporting CVS growth strategy by leading supplier integration efforts related to CVS mergers and acquisition transactions driving CVS growth and synergy opportunities.

As an Enterprise Procurement Sr. Contracts Manager, you will:

• Draft, prepare and review contract documents in accordance with established company policies and procedures designed to minimize potential exposure while maximizing benefits.

• Lead all aspects of supplier contract exercises by negotiating all key terms of a variety of contract documents, including but not limited to legal and business terms to provide the appropriate level of risk mitigation as well as value for the enterprise.

• Analyze all contract requirements, special provisions, terms and conditions to ensure compliance with appropriate laws, regulations, corporate policies and business unit procedures and requirements.

• Effectively communicate the importance and intent of all required terms and conditions to both internal and external stakeholders which is crucial to success in this role.

• Interact consistently with key CVS subject matter experts from areas such as Legal, Sourcing (both IT and Non-IT), Global Security, Information Governance, Risk Management, Privacy, Tax, various Finance areas i.e. IT Finance, FP&A, External Reporting among others) to ensure all current policies and procedures are reflected in contract documents and vendor communications.

• Partner with Sourcing colleagues to support development of RFP requests by providing the necessary contractual documentation for participants to review as components of the exercise.

• Answer questions posed by participants’ legal counsel in the course of RFP negotiations and ensure problematic provisions are introduced to business leaders as key focal points of internal consideration when determining awards. 

• Accurately and comprehensively identify contractual risks and associated dangers (e.g,, limitation of liability, waiver of consequential damages, etc.) for purposes of escalation to Senior Leadership to properly investigate and advise various levels of CVS management on contractual issues thoroughly.

• Routinely participate in presentations, webinars and roundtable discussions to engage and educate business departments enterprise-wide to promote compliance with Corporate Purchasing and Contracts Policies.

• Demonstrate established proficiency utilizing all evolving technological tools (e.g., Microsoft Office, Word, Excel, PowerPoint, SAP/Ariba Procure to Pay Suite of Applications i.e. eSourcing, Ariba Contract Management and Ariba Buyer, Skype for Business, Level 3 Webex etc.) to streamline daily tasks and communications.

• Manage multiple high visibility, high priority contracts/projects on a regular basis and closeout a variety of initiatives expeditiously with minimal oversight

• Collaborate with other staff to maintain Enterprise Procurement Manual and templates: manage changes to the current Enterprise Procurement Process Manual and templates working directly with the Director, Enterprise Procurement Contracts.

• Support the Contract Administration function, including aspects of Contract Administration, Document Management, Process Workflows, and Reporting and Compliance requirements.

Hybrid Work Model: The Enterprise Procurement Sr. Contracts Manager is required to report to work on Tuesday’s and Wednesday’s each week.

Required Qualifications:

Minimum 7 years of professional work experience

Minimum 5 years of experience working in a contracts support environment

Minimum 5 years drafting complex contractual documents, memorandum, terms and conditions, etc.

Minimum 3 years of professional experience and knowledge advising senior leaders/executives on contract law and risks and how these issues impact the contracting process

Ability to prioritize multiple tasks & high volume of contractual negotiations simultaneously

Preferred Qualifications

Experience as a recurring user of Ariba Contract Management platform (or similar tool) is highly preferred.

Experience negotiating non-merchandise/indirect commodity purchases of goods and/or services deals/contracts is preferred

Experience within the Retail and/or Healthcare Industries is preferred

A legal degree or degree in contract administration, public administration, business management or a closely related field is strongly preferred (MBA or JD preferred)

Certified Purchasing Manager (C.P.M.) or Certified Public Purchasing Officer (C.P.P.O), Certified Federal Contracts Manager (C.F.C.M.), Certified Professional Contracts Manager (C.P.C.M.) designations preferred

Professional experience managing, training and developing of people strongly preferred.

Education

Verifiable Bachelor's degree from an accredited four year college or university required and or equivalent experience

Master's degree and/or JD are both highly desired.

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.  This position also includes an award target in the company’s 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.

• 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

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