Lead Director, Expense Control and Reporting

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
The Director of Expense Control and Reporting in Enterprise Procurement will play a critical leadership role in managing and optimizing enterprise expense-related financial operations. This position will focus on developing and implementing expense control strategies, reporting mechanisms, and financial analysis frameworks to drive cost efficiency, transparency, and compliance across the global procurement organization. The Director will work closely with cross-functional teams, including finance, supply chain, and category management, to ensure alignment with corporate objectives and effective financial oversight of enterprise procurement activities. Key responsibilities of the role

Expense Control

• Design and implement reporting and monitoring processes for expense controls throughout the CVS Health Enterprise.
• Develop and implement expense reporting and dashboards to provide actionable insights, fostering data-driven decision-making at all levels.
• Establish and enforce new expense controls in areas where insufficient controls exist
• Analyze controls and collaborate cross-functionally to resolve risks identified through implementation of increased controls and/or monitoring.
• Partner with finance and procurement teams to establish budgets, identify cost-saving opportunities, and track performance against cost-reduction targets.
• Harness advanced data analytics to identify opportunities for expense management improvements.
• Drive continuous improvement in procurement cost management through technology, process optimization, and strategic initiatives.

Financial Planning and Forecasting

• Collaborate with finance teams to ensure accurate forecasting of procurement spend and savings.
• Identify and assess financial risks and opportunities related to procurement opportunities in conjunction with the business units

Compliance and Risk Management

• Manage audit processes related to enterprise expenses, ensuring accuracy and transparency in reporting.
• Implement risk management strategies to minimize financial exposure from procurement activities.

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

-Exceptional analytical, problem-solving, and decision-making skills.

-Familiarity with global financial regulations, compliance standards, and risk management practices.

Required Qualifications

• 10+ years of experience in financial planning, reporting, or expense management with:
• Strong understanding of procurement processes, expense management, and cost control strategies.
• Proficiency in financial reporting tools and ERP systems (e.g., SAP, Oracle, etc.).
• The ability to travel up top 5%

Preferred Qualifications

• Strong project management skills with a track record of driving process improvements.
• Ability to work in a fast-paced, dynamic environment, and manage multiple priorities.
• MBA, Masters, or relevant certification preferred

Education

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

Pay Range

The typical pay range for this role is:

$100,000.00 - $231,540.00

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. 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

We anticipate the application window for this opening will close on: 05/30/2025

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