[Hiring] Senior Manager, New Business Development & Strategic Innovation @CVS Health

Role Description

The Senior Manager, New Business Development & Strategic Innovation is a critical member of the Life Sciences Innovation and Trade Strategy team, responsible for identifying, evaluating, and advancing new growth opportunities that leverage CVS Health's unique assets, capabilities, and enterprise scale.

• Identify, evaluate, and develop new business opportunities that support CVS Health's long-term growth strategy.
• Monitor healthcare, life sciences, and adjacent market trends to identify emerging opportunities, risks, and strategic implications.
• Develop strategic recommendations, financial analyses, business cases, and executive-level presentations that inform enterprise decision-making.
• Partner with internal business leaders and cross-functional teams to evaluate, design, and advance innovative growth initiatives.
• Support the incubation, piloting, and launch of new products, services, partnerships, and business models.
• Build strong relationships with stakeholders across the enterprise and effectively influence without direct authority.
• Collaborate with external organizations and strategic partners to evaluate partnership opportunities and deliver business value.
• Drive multiple complex workstreams simultaneously, maintaining high standards for quality, organization, and execution.
• Translate complex and often ambiguous business challenges into structured analyses, actionable insights, and practical recommendations.
• Contribute to a culture of innovation, continuous improvement, and entrepreneurial thinking across the organization.

Qualifications

• 7+ years of experience in strategy, business development, corporate development, innovation, consulting, product strategy, or related functions within healthcare, life sciences, health technology, managed care, or other complex regulated industries.
• Demonstrated experience developing analyses, business cases, strategic recommendations, and executive-level presentations that drive decision-making.
• Strong business and financial acumen with the ability to evaluate market opportunities, competitive dynamics, and potential investments.
• Proven ability to manage multiple complex projects and priorities in a fast-paced environment.
• Experience influencing cross-functional stakeholders and driving progress across matrixed organizations.
• Exceptional organizational skills, attention to detail, and ability to maintain execution discipline across multiple workstreams.
• Strong analytical, problem-solving, written, verbal, and presentation skills.
• Entrepreneurial mindset with a high degree of ownership, initiative, and accountability.
• Demonstrated ability to operate effectively in ambiguous environments and translate uncertainty into action.
• Intellectual curiosity, learning agility, and a passion for identifying new opportunities and solving complex business challenges.
• Ability to travel up to 10% of the time.

Preferred Qualifications

• Experience identifying, evaluating, incubating, or launching new products, services, partnerships, or business models.
• Experience in healthcare, life sciences, managed care, digital health, provider services, consumer health, pharmaceutical services, or adjacent sectors.
• Management consulting, corporate strategy, venture investing, corporate innovation, or business development experience.
• Demonstrated success building strong relationships with senior leaders, cross-functional partners, and external stakeholders.
• Experience bringing innovative or non-traditional ideas to leadership and successfully driving organizational buy-in.
• Experience evaluating partnerships, growth opportunities, strategic investments, or commercialization initiatives.

Education

• Bachelor's degree or equivalent experience required.
• MBA or other relevant advanced degree preferred.

Pay Range

The typical pay range for this role is: $67,900.00 - $182,549.00. 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.

Benefits

• Comprehensive benefits package designed to support the physical, emotional, and financial well-being of colleagues and their families.
• Medical, dental, and vision coverage.
• Paid time off.
• Retirement savings options.
• Wellness programs and other resources, based on eligibility.