Manager-Financial Planning & Analysis

Independent Health Association•Buffalo, NY

2d•$110,000 - $125,000

About The Position

The Manager-Financial Planning and Analysis shall assist in the development and management of the budgeting and forecasting processes, the development of accurate financial projections and assisting in the creation of long-term strategic plans to support the company’s income and growth objectives. Duties shall include conducting financial analysis, modeling, forecasting, and the preparation of monthly management reporting to ensure efficient financial operations. They will provide financial and strategic decision support to senior management analyzing financial data and operational trends to identify opportunities and risks and make recommendations. Additionally, they will identify areas for further research based on analysis of historical data, market trends, leading indicators, and business statistics. The Manager-Financial Planning and Analysis will build collaborative working relationships with business leaders and other partners in support of key priorities and objectives to ensure a thorough and well-informed forecast process. They will demonstrate resourceful and collaborative expertise that results in favorable outcomes and helps to differentiate Independent Health as a leader in providing affordable high-quality health benefit solutions.

Requirements

Bachelor’s degree in finance, accounting or a related field is required.
An additional four (4) years of experience will be considered in lieu of a degree.
Five (5) years of experience in financial planning and analysis, process management, and relevant project leadership required.
Two (2) years of management experience required.
Comprehensive knowledge of financial statement analysis, forecasting, and KPI reporting.
Knowledge of GAAP accounting.
Strong analytical and problem-solving skills to prepare and analyze complex financial data.
Ability to interpret and summarize results of variance analysis in a meaningful way.
Understanding of utilizing financial models and leveraging data from reporting to drive financial results.
Proficiency in financial software and systems, including ERP, financial modeling, and reporting tools.
Strong interpersonal and communication skills and the ability to work effectively with a wide range of associates across multiple business areas.
Proven examples of displaying the IH values: Passionate, Caring, Respectful, Trustworthy, Collaborative and Accountable.

Nice To Haves

MBA or CPA preferred.
Experience in health insurance forecasting and management reporting preferred.
Workday Financials/OfficeConnect experience preferred.

Responsibilities

Recruit, develop, and mentor a high-performing FP&A team and foster a culture of collaboration, accountability, and continuous learning.
Oversee the finance business partner team which will include engaging with internal customers to analyze, design, and implement financial solutions that will give them the information and knowledge required to make timely and sound financial decisions.
Promote a collaborative working environment, building strong relationships with cross-functional teams and promoting effective communication across the organization.
Support the annual strategic planning and budgeting process, collaborating with product owners and department heads to align financial objectives with overall corporate goals.
Work closely with executive leadership, to prepare and review all budget information for approval by the Board of Directors.
Align and prioritize initiatives to the annual operating and strategic plans and perform forecasting to provide visibility into business results to enable business decisions.
Partner with cross-functional teams to develop and refine strategic initiatives as well as evaluate business opportunities and investments.
Develop and maintain robust financial models to support strategic decision-making, including long-range planning, annual budgeting, and quarterly forecasting.
Analyze financial and operational data to identify and explain variances, trends, opportunities, and risks, providing insights to senior leadership to drive actionable outcomes.
Lead the preparation of comprehensive monthly management reports and presentations for executive management.
Prepare ad-hoc executive analysis and reporting as required, summarizing key points of interest in support of the organization’s financial objectives.
Conduct scenario analysis and sensitivity testing to assess the potential impact of various strategic decisions on financial performance.
Work with business to establish key performance indicators (KPIs) and metrics to monitor business performance, tracking actual results against budget and forecast.