Financial Analyst (43270)

Neighborhood Health Plan of Rhode Island • Smithfield, RI

3d

About The Position

This role is responsible for providing financial analytics for internal customers including. He/she is responsible to independently complete analytics and articulately present them to customers. Work will be both recurring and ad-hoc as directed by the Supervisor and other Analysis management.

Requirements

• Bachelor’s degree in Business or business related field
• One (1) to Three (3) years relevant professional experience
• Advanced skills with spreadsheets (Excel)
• Independent work style, highly motivated, takes ownership of project/work and a self-starter
• Ability to recommend process/job design improvements and seeks solutions
• Strong analytical and problem solving skills
• Good communication skills

Nice To Haves

• Knowledge of Healthcare (HMO)
• Database proficient (SQL, SAS, Tableau)
• Knowledge of Cognos Business Intelligence software

Responsibilities

• Performs monthly Incurred But Not Reported (IBNR) liability exposure
• Performs the monthly Risk Share calculation
• Assists in other operational improvement and implementation projects
• Prepare and analyze the quarterly medical expense variance reporting
• Prepare regular and ad-hoc reporting and analysis
• Assist with analytical and data reporting support to internal customers such as Care Management, Claims and Provider partnerships
• Assist with analytical and data reporting support for external entities such as state agencies, commercial accounts, health centers and third party vendors
• Analyze financial impact of hospital and physician contracts
• Assist in the preparation and analysis of the annual medical budget
• Assist in the development and maintenance of provider incentive systems
• Assist in the preparation of work papers for external auditors and actuaries
• Participate in the cross-functional team meetings
• Assist in the preparation and analysis of the monthly financial close
• Assist and maintain provider and hospital fee schedules
• Identify opportunities for improvement in the department
• Other duties as assigned

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 501-1,000 employees