Financial Operations Analyst Senior
About The Position
Financial Operations Analyst Senior Department: 13212 Enterprise Corporate - Managed Health Clinical insights & Operations: Contract Management Status: Full time Benefits Eligible: Yes Hours Per Week: 40 Schedule Details/Additional Information: 8am-5pm, M-F, Remote Variability in hours based on various project requirements Pay Range $41.10 - $61.65 Major Responsibilities: Prepare financial analyses and risk assessments 1)Product line cost and profitability analyses. 2)Physician Health Organization performance analyses. 3)Clinical Integration incentive analyses. 4)Risk assessments: Global risk, risk transfer payment, and risk premium. 5)Financial modeling for new product lines and other initiatives. 6)Payor contract analyses 7)Other ad hoc analyses as identified. Perform annual forecast, budget, and monthly close activities 1)In collaboration with operating units, prepares the annual forecast and budget. 2)Provides operational perspective in analyzing budget variances in month end close. 3)Performs monthly close activities and reconciliations. 4)Reviews junior level staff’s work. Prepare financial and operational reports 1)Create Decision Support reports independently including qualifying the data. Interpret the results properly and ensure adequate presentation. 2)Create reports from other systems, including but not limited to General Ledger and Enterprise Reporting systems. 3)Generate monthly dashboard reports. 4)Assist in the preparation of reports and presentations to the board. Education/Experience Required: • 5 years accounting/finance experience in health insurance, hospital, and/or physician groups • BA or BS in Accounting, Finance or Business. Knowledge, Skills & Abilities Required: • Advanced analytical skills, including ability to analyze quantitative and qualitative data and reach sound conclusions • Advanced computer skills, especially Microsoft Office Suite • Good communication skills, including verbal communication and business writing • Working knowledge in healthcare insurance industry, hospital operations, and/or physician practices • Good project management and time management skills • Good interpersonal skills, including ability to communicate at all levels within the organization • CPA or CHFP preferred Physical Requirements and Working Conditions: • Ability to work under time pressure and meet deadlines, with overtime as needed. • Ability to work independently. • Ability to work as part of a team. • Ability to be self-directed and operate in ambiguous environments. • Ability to travel to/from corporate support centers or other locations as needed. • Ability to exhibit a professional demeanor at all times. NA This job description indicates the general nature and level of work expected of the incumbent. It is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities required of the incumbent. Incumbent may be required to perform other related duties. Our Commitment to You: Advocate Health offers a comprehensive suite of Total Rewards: benefits and well-being programs, competitive compensation, generous retirement offerings, programs that invest in your career development and so much more – so you can live fully at and away from work, including: Compensation Base compensation listed within the listed pay range based on factors such as qualifications, skills, relevant experience, and/or training Premium pay such as shift, on call, and more based on a teammate's job Incentive pay for select positions Opportunity for annual increases based on performance Benefits and more Paid Time Off programs Health and welfare benefits such as medical, dental, vision, life, and Short- and Long-Term Disability Flexible Spending Accounts for eligible health care and dependent care expenses Family benefits such as adoption assistance and paid parental leave Defined contribution retirement plans with employer match and other financial wellness programs Educational Assistance Program About Advocate Health Advocate Health is the third-largest nonprofit, integrated health system in the United States, created from the combination of Advocate Aurora Health and Atrium Health. Providing care under the names Advocate Health Care in Illinois; Atrium Health in the Carolinas, Georgia and Alabama; and Aurora Health Care in Wisconsin, Advocate Health is a national leader in clinical innovation, health outcomes, consumer experience and value-based care. Headquartered in Charlotte, North Carolina, Advocate Health services nearly 6 million patients and is engaged in hundreds of clinical trials and research studies, with Wake Forest University School of Medicine serving as the academic core of the enterprise. It is nationally recognized for its expertise in cardiology, neurosciences, oncology, pediatrics and rehabilitation, as well as organ transplants, burn treatments and specialized musculoskeletal programs. Advocate Health employs 155,000 teammates across 69 hospitals and over 1,000 care locations, and offers one of the nation’s largest graduate medical education programs with over 2,000 residents and fellows across more than 200 programs. Committed to providing equitable care for all, Advocate Health provides more than $6 billion in annual community benefits. This is Transformation One shared purpose brought us together. Now, as one of the 10 largest not-for-profit, integrated health systems in the United States, our combined strength and stability drives us forward. Starting with You Caring for nearly 3 million people has inspired a transformation. One in which the patient’s experience guides our vision and empowers us to offer new possibilities in our communities. Reshaping Access What is access? It’s offering more sites of care than any other health system in the Midwest. But there’s a new frontier. Access is exploring the latest technologies to deliver care to patients exactly where they are and exactly when they need it Inspiring Professionals With our dynamically inclusive workforce and strong connections to the places where we live and work, we’ll touch more lives and contribute to stronger and more vibrant communities. Transforming Care We’re redefining the standard for care with world-class doctors and caregivers, innovative solutions, outstanding outcomes, and leading-edge research and clinical trials. Combined, Advocate and Aurora are recognized for clinical excellence in: Cardiovascular Care Neurosciences Gynecology Oncology Pediatrics Primary Care Neurology Geriatrics Trauma Care
Requirements
- 5 years accounting/finance experience in health insurance, hospital, and/or physician groups
- BA or BS in Accounting, Finance or Business.
- Advanced analytical skills, including ability to analyze quantitative and qualitative data and reach sound conclusions
- Advanced computer skills, especially Microsoft Office Suite
- Good communication skills, including verbal communication and business writing
- Working knowledge in healthcare insurance industry, hospital operations, and/or physician practices
- Good project management and time management skills
- Good interpersonal skills, including ability to communicate at all levels within the organization
- Ability to work under time pressure and meet deadlines, with overtime as needed.
- Ability to work independently.
- Ability to work as part of a team.
- Ability to be self-directed and operate in ambiguous environments.
- Ability to travel to/from corporate support centers or other locations as needed.
- Ability to exhibit a professional demeanor at all times.
Nice To Haves
- CPA or CHFP preferred
Responsibilities
- Prepare financial analyses and risk assessments 1)Product line cost and profitability analyses. 2)Physician Health Organization performance analyses. 3)Clinical Integration incentive analyses. 4)Risk assessments: Global risk, risk transfer payment, and risk premium. 5)Financial modeling for new product lines and other initiatives. 6)Payor contract analyses 7)Other ad hoc analyses as identified.
- Perform annual forecast, budget, and monthly close activities 1)In collaboration with operating units, prepares the annual forecast and budget. 2)Provides operational perspective in analyzing budget variances in month end close. 3)Performs monthly close activities and reconciliations. 4)Reviews junior level staff’s work.
- Prepare financial and operational reports 1)Create Decision Support reports independently including qualifying the data. Interpret the results properly and ensure adequate presentation. 2)Create reports from other systems, including but not limited to General Ledger and Enterprise Reporting systems. 3)Generate monthly dashboard reports. 4)Assist in the preparation of reports and presentations to the board.
Benefits
- Advocate Health offers a comprehensive suite of Total Rewards: benefits and well-being programs, competitive compensation, generous retirement offerings, programs that invest in your career development and so much more – so you can live fully at and away from work, including:
- Compensation Base compensation listed within the listed pay range based on factors such as qualifications, skills, relevant experience, and/or training Premium pay such as shift, on call, and more based on a teammate's job Incentive pay for select positions Opportunity for annual increases based on performance
- Benefits and more Paid Time Off programs Health and welfare benefits such as medical, dental, vision, life, and Short- and Long-Term Disability Flexible Spending Accounts for eligible health care and dependent care expenses Family benefits such as adoption assistance and paid parental leave Defined contribution retirement plans with employer match and other financial wellness programs Educational Assistance Program
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
