Procurement Contracts - Lead Director

Procurement Contracts Lead Director

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.

CVS Health has a dynamic opportunity for a Procurement Contracts Lead Director to join our dedicated team. As the Procurement Contracts Lead Director, you will report to the Executive Director, Procurement Contracts and be responsible for the overall strategy, direction and execution of the contracts management function for the CVS Health enterprise. Your primary duties will include direct supplier negotiation for Non-Merchandise/Not for Resale transactions, negotiating contract terms and conditions for complex agreements and statements of work, and closely collaborating with business teams, executive leaders, Legal and other key stakeholders to advance the interests of CVS Health within our third-party vendor base.

Primary responsibilities include, but are not limited to, the following:

• Establish and develop contract negotiation playbooks, clause libraries, policies and processes to independently support and advance specific categories
• Provide dedicated training and education to members of the Procurement Contracts organization to better support and augment contract category specific needs
• Serve as the primary point for your assigned categories for business leaders in the procurement planning and contracts process. Proactively build, establish and maintain relationships with key stakeholders, subject matter experts and decision-makers to appropriately deliver exceptional results compliant with corporate mandates.
• Review and comment on all RFI, RFP, RFQ and contracts created by Enterprise Procurement on behalf of CVS Health.
• Initiate processes to communicate effectively and succinctly with a diverse range of constituents, both verbally and on paper, and with all levels of a large organization.
• Develop a continuous performance improvement culture
• Implement contract modifications to accommodate regulatory, legislative, industry or legal changes.
• Work with various areas of the company Legal, Sourcing (both IT and Non-IT), Information Technology Security Team, Risk Management Dept., Privacy Legal Team, Vendor Assessment Team, Compliance Dept., Internal Audit Dept., Tax Dept., various Finance areas i.e. IT Finance, FP&A, External Reporting to discuss new developments warranting inclusion in contract templates. Lead discussions and revisions to contract language reflecting new requirements and finalize new contract template documents through appropriate internal subject matter experts.
• Regularly anticipate the needs of internal stakeholders of assigned categories throughout the organization to proactively support key initiatives to execute against tight deadlines and targets in a fast-paced environment focused on innovation.
• Potentially manage a diverse group of individuals, in multiple locations, to ensure that all projects are completed accurately, completely and within timelines.
• Regularly lead presentations, webinars and roundtable discussions to engage and educate business departments enterprise-wide to promote compliance with Corporate Purchasing and Contracts Policies.
• Lead activities which ensure suppliers meet defined requirements, goals and targets.
• 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, Microsoft Teams, etc.) to streamline daily tasks and communications.
• Support the Contract Administration function, including aspects of Contract Administration Document Management, Process Workflows, and Reporting & Compliance requirements.
• Update and maintain contract templates and other required documents as necessary.

Hybrid Work Model: The Enterprise Procurement Lead Director is required to report to the office on Tuesday and Wednesday each week, as well as 2 Thursdays per month.

Required Qualifications

• 6+ years of experience working in a contracts support environment.
• 6+ years of experience drafting complex contractual documents, memorandum, and other relevant correspondence.
• A legal degree or degree in contract administration, public administration, business management or a closely related field is required.

Preferred Qualifications

• Proven ability to effectively manage efficient teams and/or large-scale, highly visible arrangements simultaneously
• Experience within the PBM, Retail and/or Healthcare Industries is preferred.
• Experience in negotiating non-merchandise/indirect commodity purchases of goods and/or services deals/contracts is preferred
• Experience with Ariba Contract Management or a similar contracts management system tool / platform is strongly preferred.
• Ability to balance project management, conflict resolution and potentially people management
• Ability to manage multiple cross-functional efforts simultaneously and effectively prioritize in order to maximize business impact in a fast-paced environment.

Education

• Masters or JD degree required

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.