Financial Analyst II
Medica•Minnetonka, MN
•$56,600 - $84,840•Hybrid
About The Position
The Financial Analyst II performs intermediate-level financial analysis, reporting, and accounting functions supporting month-end close, regulatory compliance, and operational finance. This role prepares journal entries, reconciliations, and financial submissions while collaborating with cross-functional teams to ensure accurate and timely financial reporting. Performs other duties as assigned.
Requirements
- Bachelor's degree in Finance, Accounting, Business Administration, or related field
- 3+ years of experience in financial analysis, accounting, or related role
- Strong proficiency in Microsoft Excel (pivot tables, VLOOKUP, complex formulas)
- Experience with financial systems and ERP platforms (e.g., PeopleSoft, FNDS, TM1)
- Understanding of accounting principles and month-end close processes
- Strong analytical and problem-solving skills
- Excellent attention to detail and accuracy
- Ability to work independently and meet deadlines in a fast-paced environment
- Must be legally authorized to work in the United States at the time of application.
Nice To Haves
- Experience in healthcare or insurance industry financial operations
- Knowledge of Medicare/Medicaid regulatory reporting requirements
- Experience with data analysis tools (Access, SQL, QlikSense, Power BI)
- Familiarity with claims processing and IBNR estimation
- Experience with government data submissions (DHS, CMS)
- Process improvement or automation experience
Responsibilities
- Prepare and post monthly journal entries for paid claims, IBNR estimates, revenue, and membership
- Calculate and record interest, reinsurance, and reserve adjustments
- Process vendor payments and administrative fee entries
- Ensure timely completion of month-end close activities within established deadlines
- Perform cash-to-claims reconciliations and variance analysis
- Prepare account reconciliations and investigate discrepancies
- Maintain and update financial databases and tracking files
- Analyze high-dollar claims and identify trends or anomalies
- Prepare and submit regulatory data submissions (quarterly/annual) to government agencies
- Support cost report preparation and filings (Medicare, Medicaid)
- Complete attestations and compliance documentation as required
- Maintain audit-ready documentation and support internal/external audits
- Record revenue entries and reconcile to source systems
- Process membership data and ensure accurate reporting to partners
- Calculate and record risk adjustment, PCORI fees, and premium taxes
- Reconcile state payment files and withhold estimates
- Review invoices for reasonability and process for approval
- Coordinate vendor payments and track payment cycles
- Prepare administrative invoices for client groups
- Maintain and update process documentation and standard operating procedures
- Support system migrations and platform transitions
Benefits
- competitive medical, dental, vision, PTO, Holidays, paid volunteer time off, 401K contributions, caregiver services
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
