Expense Planning and Allocation Process Owner - Hybrid

The Cigna Group • Bloomfield, CT

16d • Hybrid

About The Position

We are seeking a highly analytical and detail-oriented finance professional to manage our expense planning tool, OnePlanXpense (1PLN) and become a subject matter expert for operating expense allocation methodology and toolset (PCM). The role is responsible for the end-to-end success of the allocation process, ensuring governance over security and access, data integrity and processing schedules. This involves setting process goals, overseeing improvements, ensuring compliance, managing stakeholders, and using data to drive efficiency and innovation. The role often includes leading process design and implementation, managing risks, and providing guidance and mentorship. The ideal candidate will be a strategic thinker with strong financial analysis and accounting skills, capable of driving financial accuracy and internal controls across our forecasting and accounting systems.

Requirements

• Bachelor’s degree in accounting, finance, business administration, or related field strongly preferred
• 7+ years of progressive experience in controllership/expense planning preferred; cost accounting and/or system support experience a plus
• Exceptional ability to work productively in a matrix management environment across geography, departments and position level
• Exemplary MS Excel skills required; ability to work with large data sets. MS Access or Alteryx experience a plus.
• Ability to analyze and review financial output for reasonability and trends
• Ability to provide insights into what the data is saying, not just the numbers
• Ability to understand and become proficient with the expense allocation process
• Hyperion SmartView experience required; Ad-Hoc and Function formulas
• 1PLN, Oracle BI, and general ledger tool experience
• If you will be working at home occasionally or permanently, the internet connection must be obtained through a cable broadband or fiber optic internet service provider with speeds of at least 10Mbps download/5Mbps upload.

Responsibilities

• Manage security, access and related communication platforms
• Manage the projection calendar for key dates, integrations and data inputs into the GL expense allocation tool
• Manages monthly allocation governance process by partnering with the controller community to ensure transparency and approval of all allocation changes.
• Support Cigna expense leads by providing thorough analysis of all driver changes, ensuring clear communication and alignment of expectations.
• Provide analysis to Finance leads and BFOs of impact to results of driver refresh process
• Respond to ad hoc financial and matrix partner inquiries and requests, resolve financial discrepancies, and recommend process improvements including internal control enhancements
• Enable projection process by becoming an expense planning subject matter expert as evidenced by ability to provide clear guidance, troubleshoot user issues, and engaging IT production support when necessary.
• Actively seek opportunities for improvement of expense planning process through process changes or identification of system enhancements.
• May also assess impact and implications from a cost, efficiency, contractual, legal and/or regulatory standpoint. Determines requirements, plans projects, establishes priorities and monitors progress.

Benefits

• Starting on day one of your employment, you’ll be offered several health-related benefits including medical, vision, dental, and well-being and behavioral health programs.
• We also offer 401(k) with company match, company paid life insurance, tuition reimbursement, a minimum of 18 days of paid time off per year and paid holidays.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level