Associate, CVS Health Ventures, Strategy and Operations

Overview

Were building a world of health around every individual - shaping a more connected, convenient and compassionate health experience. At CVS Health A0, youll be surrounded by passionate colleagues who care deeply, innovate with purpose, hold ourselves accountable and prioritize safety and quality in everything we do. Join us and be part of something bigger - helping to simplify health care one person, one family and one community at a time.

The Associate, CVS Health Ventures position is a highly analytical role that supports the evaluation, structuring, and ongoing management of strategic opportunities and external equity partnerships that advance CVS Healths financial, product, and customer experience objectives.

This is a hybrid role that will help support execution of structured equity arrangements, while also focusing on strengthening capital discipline, valuation rigor, portfolio governance, and operational effectiveness across the Ventures platform. The Associate will contribute financial analyses, market perspectives, and process rigor to support structured equity arrangements, portfolio engagement, and enterprise decision-making, working closely with internal strategy, finance, legal, and business partners.

This individual will also be expected to support the portfolio of existing relationships and assist in developing new insights, quantitative analyses, and strategic perspectives to inform enterprise decision-making.

At CVS Health Ventures, we invest in and partner with companies with the potential for technology-enabled innovation and disruption in digital health care. Our goal is to enable promising entrepreneurs to scale more quickly and effectively through access to our unmatched enterprise capabilities and consumer touchpoints, while offering expertise and insights from CVS Health's unique perspective.

• Financial Modeling and Quantitative Analysis:
  • Lead financial modeling and valuation analyses to support structured equity arrangements, including warrants, convertible instruments and partnership-linked investments
  • Develop and maintain comparable company analyses, market benchmarks, and financial perspectives to inform strategic opportunity evaluation
  • Synthesize data-driven insights from analysis into clear, executive materials
• Ad Hoc Strategic Opportunity Evaluation:
  • Organize and help manage a pipeline of strategic opportunities and existing relationships, including tracking status, documentation, and key insights
  • Support the assessment of prospective strategic opportunities through analysis of business models, market dynamics, and financial considerations
  • Proactively explore creative deal structures aligned with priority investment themes and value creation opportunities
• Portfolio Company Management:
  • Coordination and support of portfolio company engagement, including performance tracking and strategic initiative support
  • Work cross-functionally within the Ventures team and across CVS Health to prepare high-impact executive communication materials around relevant portfolio companies
• Capital Markets Relationship Management:
  • Support capital markets and co-investment relationships by managing external communications, planning events, and facilitating recurring touchpoints
  • Assist with business team engagement to build relationships and gain insight into strategic priorities and roadmap, identifying capital markets insights to address business needs
• Process Improvement:
  • Contribute to scaling and refining internal tools, templates, and processes that improve efficiency and consistency across the platform
  • Project management of administrative and operational processes (e.g., CRM, documentation, reporting) in coordination with other parts of the team
• Administrative Support and Travel:
  • Support administrative functions such as organizing meetings/events, coordinating logistics, and managing related communications
  • 10-15% travel expected

• 5+ years of professional experience (internships excluded)
• Experience in investment banking, private equity, venture capital, corporate strategy, consulting, corporate development, or a related role that emphasizes…