Financial Analyst – Indianapolis Health

Milliman•Indianapolis, IN

16d•$65,200 - $126,200•Hybrid

About The Position

Milliman's Indianapolis Health practice is seeking a Financial Analyst to support our consulting work with Medicaid state agencies. As a Financial Analyst, you will have an opportunity to work with a multi-disciplinary team to analyze cost/expense reporting for healthcare and human service entities, including state Medicaid agencies, managed care organizations, healthcare providers, and child welfare organizations. Analysis will involve comparing utilization, service expense, revenue, and administrative expenses across types of services, lines of business, and rate cohorts. This role will focus on cost reporting and rate setting projects; however, duties include supporting projects with a wide range of quantitative and qualitative analysis, including program research and design. Successful financial analysts will be able to understand and glean insight from the financial data that will help Medicaid state agencies in managing their programs efficiently and making informed policy and program decisions. They should also be able to communicate insights in a clear and professional manner. This role is part of a dynamic client delivery team and offers mentorship from experienced colleagues.

Requirements

Foundational knowledge of accounting/financial statements and managerial/cost accounting for healthcare entities
Understanding of insurance concepts such as reserving and premium rate setting
Understanding of health economics concepts such as medical loss ratio, underwriting margin, cost and utilization metrics
Experience with Microsoft Excel or other similar software in performing quantitative analysis
Basic coding ability in one or more languages (e.g., SAS, R, SQL) with the desire to learn others
Strong written and oral communication skills
Ability to utilize critical thinking, exhibit problem solving capabilities, and demonstrate learning agility
Organizational and time management skills, ability to prioritize and perform effectively in a fast-paced, deadline-driven environment
Basic knowledge of Gen AI tools, how to utilize AI to enhance productivity, and potential ethical considerations or concerns
Bachelor's degree in accounting, finance, business management, or a related field of study
Advanced proficiency in Visual Basic for Applications (VBA) with a demonstrated ability to write, debug, and optimize complex macros and automation scripts, particularly within Microsoft Excel
Individual(s) must be legally authorized to work in the United States without the need for immigration support or sponsorship from Milliman now or in the future.

Nice To Haves

1 to 3 years of full-time professional work or Internship experience in financial analytics, cost reporting, or related
Master’s degree in accounting, finance, business management, or a related quantitative field
Experience working within a health-related company, and/or consulting firm environment(s)

Responsibilities

Collect, review, and provide feedback on cost and other financial reports submitted by third-party entities serving health and human service agencies
Evaluate cost and other financial reports for compliance with provided instructions and applicable regulatory guidance
Perform reconciliation of cost reports relative to a general ledger, encounter data, and/or audited financial statements
Recognize and identify reporting errors and develop proposed solutions
Communicate results to internal stakeholders, verbally and written, within all levels of our organization
Perform ad-hoc reconciliations and work on special projects, as required
Work both independently and collaboratively on projects
Ensure quality assurance and peer review are completed on all client deliverables

Benefits

Medical, Dental and Vision - Coverage for employees, dependents, and domestic partners
Employee Assistance Program (EAP) - Confidential support for personal and work-related challenges
401(k) Plan - Includes a company matching program and profit-sharing contributions
Discretionary Bonus Program – Recognizing employee contributions
Flexible Spending Accounts (FSA) - Pre-tax savings for dependent care, transportation, and eligible medical expenses
Paid Time Off (PTO) – Begins accruing on the first day of work. Full-time employees accrue 15 days per year, and employees working less than full-time accrue PTO on a prorated basis.
Holidays - A minimum of 10 observed holidays per year
Family Building Benefits including Adoption and fertility assistance
Paid Parental Leave - Up to 12 weeks of paid leave for employees who meet eligibility criteria
Life Insurance & AD&D - 100% of premiums covered by Milliman
Short-Term and Long-Term Disability – Fully paid by Milliman