Description

We're building a world of health around every individual - shaping a more connected, convenient and compassionate health experience. At CVS Health®, you'll 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.

Position Summary

The Executive Director of Capital Planning is responsible for shaping, governing, and optimizing the enterprise's $3 billion‑dollar capital investment portfolio to ensure alignment with strategic priorities, financial affordability, and long‑term value creation. This role is a key partner to the Enterprise CFO, Enterprise Investment Committee (EIC), head of Treasury, senior finance leadership team and business segment executives, serving as the central authority for capital allocation, forecasting, and investment performance oversight.

Major Responsibilities

• Develops the organization's capital expenditure strategy aligned with its long-term goals and objectives driving total shareholder return (TSR).
• Leads the capital expenditure budgeting and forecasting process, working closely with various stakeholders, including finance, business operations, and segment leaders.
• Evaluates proposed capital expenditure projects based on financial viability, strategic fit, risk analysis, and return on investment (ROI).
• Drive transparency, executive alignment, and cross-functional participation in capital planning decisions.
• Leads advanced financial analysis of capital expenditure projects, including cost-benefit analysis, ROI calculations, payback period, and other financial metrics.
• Develops clear guidelines, criteria, and decision-making frameworks to ensure consistency, transparency, and accountability in the capital expenditure process.
• Lead coordination with the Enterprise Investment Committee (EIC) to review operating plan submissions, incremental funding requests, and strategic reserve deployment, ensuring affordability across planning cycles. Formulates risk mitigation strategies and contingency plans around financial performance.
• Develops a process to track the progress and performance of capital expenditure projects against established targets and milestones, while conducting periodic reviews and evaluations to assess the effectiveness and success of implemented projects.
• Leads enhancements and design of the capital planning technology (Anaplan) ensuring the tool supports the overall process and goals.
• Establishes performance expectations to provide key guidance and feedback that effectively promotes a culture of continuous improvement and employee engagement.

Required Qualifications

• 15+ years' work experience
• Ability to solve complex problems and drive decision making across the organization
• Mastery of collaboration and teamwork
• Exhibits a growth mindset (agility and developing yourself and others)

Education

Bachelor's Degree

Pay Range

The typical pay range for this role is:

$131,500.00 - $303,195.00

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: 03/31/2026

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