Financial Analyst II

Magellan Health

13d • $64,285 - $102,855

About The Position

Primary responsibilities include analyzing costs, preparing financial reports and providing recommendations to leadership for lines of business according to established policies, guidelines and methodologies. Prepare journal entries and analyses in conjunction with month end close process and meet monthly deadlines. Depending on area supporting, duties may vary. Analyzes complex financial information and reports; provides accurate and timely financial recommendations to management for decision making purposes. Develops sophisticated financial models. Provides recommendations based upon evaluation of financial trends and forecasts. Evaluates and monitors the efficiency and performance of programs, ensuring program execution is on target. Manages dashboard reporting by tracking monthly, quarterly and annual revenue and expenses. Obtains a thorough understanding of operating infrastructure of Strategic Business Unit(s) (SBUs) operations to be able to proactively analyze and identify opportunities for cost savings and revenue enhancements. Regularly reviews historical operating results and proactively identifies and analyzes potential revenue enhancement and cost saving opportunities. Performs a variety of pro forma financial and operating analyses as requested to support proposals. Reviews and understands fluctuations across SBUs in delivering cost of care and variations in cost of care. Differentiates impact of rate versus utilization variations. Supports SBUs by providing information, responding to questions and resolving complex problems and issues. If supporting Medicare Part D, will be responsible for implementing CMS requirements related direct and indirect plan remuneration, plan to plan reconciliation, monthly membership reports, coverage gap discount program, medical loss ratio reporting, fiscal soundness reporting, audit assistance and analysis of drug utilization and other costs trends. Other special projects as assigned. The job duties listed above are representative and not intended to be all-inclusive of what may be expected of an employee assigned to this job. A leader may assign additional or other duties which would align with the intent of this job, without revision to the job description.

Requirements

• Ability to understand and analyze complex data sets and frame it to actionable analysis.
• Understanding of the financial structure and business practices of the managed care industry.
• Strong PC skills are essential, with advanced skills in Excel and Hyperion Essbase or other large enterprise financial software.
• Bachelor's degree in Accounting or Finance.
• Finance Work Experience

Nice To Haves

• Master's degree
• Finance Work Experience - Preferred

Responsibilities

• Analyze costs, prepare financial reports and provide recommendations to leadership for lines of business.
• Prepare journal entries and analyses in conjunction with month end close process and meet monthly deadlines.
• Analyze complex financial information and reports; provide accurate and timely financial recommendations to management for decision making purposes.
• Develop sophisticated financial models.
• Provide recommendations based upon evaluation of financial trends and forecasts.
• Evaluate and monitor the efficiency and performance of programs, ensuring program execution is on target.
• Manage dashboard reporting by tracking monthly, quarterly and annual revenue and expenses.
• Obtain a thorough understanding of operating infrastructure of Strategic Business Unit(s) (SBUs) operations to proactively analyze and identify opportunities for cost savings and revenue enhancements.
• Regularly review historical operating results and proactively identify and analyze potential revenue enhancement and cost saving opportunities.
• Perform a variety of pro forma financial and operating analyses as requested to support proposals.
• Review and understand fluctuations across SBUs in delivering cost of care and variations in cost of care.
• Differentiate impact of rate versus utilization variations.
• Support SBUs by providing information, responding to questions and resolving complex problems and issues.
• If supporting Medicare Part D, implement CMS requirements related direct and indirect plan remuneration, plan to plan reconciliation, monthly membership reports, coverage gap discount program, medical loss ratio reporting, fiscal soundness reporting, audit assistance and analysis of drug utilization and other costs trends.
• Complete other special projects as assigned.

Benefits

• Short-term incentives
• Comprehensive benefits package
• Broad range of health, life, voluntary and other benefits and perks that enhance your physical, mental, emotional and financial wellbeing.

What This Job Offers

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