CVS Health

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Senior Analyst - Strategic Sourcing

at CVS Health

Posted: 11/30/2017
Job Reference #: 1005481
Keywords: accounting

Job Description

Senior Analyst - Strategic Sourcing

No. of Positions

Position Summary
Your primary role as the Senior Analyst - Strategic Sourcing is to manage indirect (non-merchandise) Sourcing projects, such as Requests for Proposal (RFP), Requests for Quote (RFQ), and negotiations.  

As a Senior Analyst - Strategic Sourcing, you may be tasked to support Procurement’s role in large-scale initiatives and other key special projects (e.g. acquisitions, etc). In addition to managing Sourcing projects, this role involves assessing cost reduction opportunities by researching market trends and reviewing current agreements with vendor partners. 

This role reports to the Manager of Strategic Sourcing, and will work in a team environment that will provide support and guidance so that Strategic Procurement can effectively serve our internal stakeholders. 

As a Senior Analyst - Strategic Sourcing you will: 

- Manage and lead multiple medium-to-large sourcing engagements, including current state and budget evaluation 
- Development of strategy and approach, compiling scope of work and other requirements, drafting the RFx, evaluation of the vendor proposals, and negotiation of final business terms  
-  Present analysis--both qualitative and quantitative--to Procurement leadership and key stakeholders prior to obtaining approval to award business  
-  Organize and lead meetings with both internal stakeholders and external vendor partners  
-  Collaborate with internal partners (i.e. Business Owners, Risk Management, Contracts, Legal, etc) to mitigate risk by ensuring all sourcing events executed are in full agreement with corporate policies and procedures  
-  Research market and pricing data to develop analytics to support negotiation strategies and justify award decisions Build Sourcing project pipeline by reviewing expiring contracts, tracking and analyzing supplier spend, and presenting recommendations to Sourcing leadership  
-  Effectively communicate and demonstrate Strategic Sourcing's value proposition with the vendor selection process to internal stakeholders

Req ID

Sourcing Requisition


Business Area
CVS Health

Location - State/City
RI - Cumberland

Job Category


Preferred Qualifications
- 3+ years of professional work experience in a related role
-  Certified Purchasing Manager (CPM) or Certified Professional in Supply Management (CPSM) certification   
-  Proficiency with NVision, SAP, and PeopleSoft preferred
-  Experience using electronic sourcing applications, such as Ariba eSourcing 
-  Proven negotiation skills with the capability to put forth examples of recent significant accomplishments  
-  A very high proficiency in business communications both written and oral   
-  Strong conceptual understanding of business, finance, and accounting

United States

Job Type (Expected Hours Category)
Full Time

Street Address
200 Highland Corporate Drive

Location code

Requisition Template

Verifiable Bachelor’s Degree or equivalent experience required. Preferably a Major related to Management, Business, Economics, Accounting, or Finance. Master’s degree in a related field of study is a plus. 


Clinical Licensure Required

Zip Code

Required Qualifications
- 1+ years of professional work experience in a related role
- 1+ years’ experience with Microsoft Excel and/or Access in a professional or academic setting

Business Overview
CVS Health, through our unmatched breadth of service offerings, is transforming the delivery of health care services in the U.S. We are an innovative, fast-growing company guided by values that focus on teamwork, integrity and respect for our colleagues and customers. What are we looking for in our colleagues? We seek fresh ideas, new perspectives, a diversity of experiences, and a dedication to service that will help us better meet the needs of the many people and businesses that rely on us each day. As the nation’s largest pharmacy health care provider, we offer a wide range of exciting and fulfilling career opportunities across our three business units - MinuteClinic, pharmacy benefit management (PBM) and retail pharmacy. Our energetic and service-oriented colleagues work hard every day to make a positive difference in the lives of our customers.

CVS Health is an equal opportunity employer. We do not discriminate in hiring or employment against any individual on the basis of race, ethnicity, ancestry, color, religion, sex/gender (including pregnancy), national origin, sexual orientation, gender identity or expression, physical or mental disability, medical condition, age, veteran status, military status, marital status, genetic information, citizenship status, unemployment status, political affiliation, or on any other basis or characteristic prohibited by applicable federal, state or local law. CVS Health will consider qualified job candidates with criminal histories in a manner consistent with federal, state and local laws. CVS Health will not discharge or in any other manner discriminate against any Colleague or applicant for employment because such Colleague or applicant has inquired about, discussed, or disclosed the compensation of the Colleague or applicant or another Colleague or applicant. Furthermore, we comply with the laws and regulations set forth in the following EEO is the Law Poster: EEO IS THE LAW and EEO IS THE LAW SUPPLEMENT

Federal law requires employers to provide reasonable accommodation to qualified individuals with disabilities. If you require assistance to apply for this job, please contact us by clicking AA EEO CVS Health

For inquiries related to the application process or technical issues please contact the Kenexa Helpdesk at 1-855-338-5609. For technical issues with the Virtual Job Tryout assessment, contact the Shaker Help Desk at 1-877-987-5352. Please note that we only accept resumes via our corporate website:

Application Instructions

Please click on the link below to apply for this position. A new window will open and direct you to apply at our corporate careers page. We look forward to hearing from you!