Analyst, Credit Research

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. Job Purpose and Summary: The overall mission of Investment Management is to actively manage Investment Portfolios (Health, Group Insurance and Large Case Pensions) in a manner that is prudent and consistent with preserving the Company’s capital while maximizing investment income and total return relative to internal benchmarks within appropriate business, legal, economic, capital markets and regulatory constraints.

Position Summary: Candidate will provide general support for the Credit Research department, including helping with fundamental credit analysis, data gathering, financial modeling and ad hoc jobs within the department. Support the preparation of timely, written analyses on individual credits, sectors, or events.

Follow credit markets and assist in analyzing portfolio performance. Ideal candidate will be skilled with Excel and other data management/AI tools. This is an excellent opportunity for an early-career professional to gain hands-on exposure to corporate credit analysis, portfolio strategy, and capital markets while working alongside experienced analysts and portfolio managers.

The role offers a strong foundation for a long-term career in credit research and fixed income investing. Primary Job Duties & Responsibilities: Credit Research Support: Assist senior analysts in conducting fundamental credit analysis across IG and HY corporate issuers, including financial statement review, covenant analysis, and peer benchmarking.

Financial Modeling: Build and maintain company-level financial models, including projections, leverage and coverage metrics, liquidity analysis, and recovery scenarios. Market & Issuer Monitoring: Track earnings releases, rating agency actions, new issue activity, M&A, and other corporate events; summarize key takeaways for the team.

Daily Market Recaps: Contribute to daily IG and HY credit market meeting prep, including spread movements, new issue calendars, and sector news. Data Management: Maintain internal databases, credit dashboards, and sector tracking tools; ensure accuracy and timeliness of inputs.

Written Output: Draft concise credit summaries, earnings recaps, and issuer notes for internal distribution to portfolio managers. Ad Hoc Projects: Support thematic research, sector deep-dives, and special projects as directed by senior team members.

Anticipated Weekly Hours 40 Time Type Full time Pay Range The typical pay range for this role is: $67,980.00 - $135,960.00 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.

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 offering a comprehensive and competitive mix of pay and benefits that reflects our commitment to our colleagues and their families.

This full‑time position is eligible for a comprehensive benefits package designed to support the physical, emotional, and financial well‑being of colleagues and their families. The benefits for this position include medical, dental, and vision coverage, paid time off, retirement savings options, wellness programs, and other resources, based on eligibility.

Additional details about available benefits are provided during the application process and on Benefits Moments . We anticipate the application window for this opening will close on: 07/06/2026 Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.