Senior Financial Analyst

Magellan Health

1d • $77,785 - $124,455

About The Position

Primary responsibilities include analyzing costs, preparing financial reports and providing recommendations to leadership for lines of business according to established policies, guidelines and methodologies. Prepare journal entries and analyses in conjunction with month end close process and meet monthly deadlines. Depending on area supporting, duties may vary. Analyzes complex financial information and reports; provides accurate and timely financial recommendations to management for decision making purposes. Develops sophisticated financial models. Provides recommendations based upon evaluation of financial trends and forecasts. Evaluates and monitors the efficiency and performance of programs, ensuring program execution is on target. Manages dashboard reporting by tracking monthly, quarterly and annual revenue and expenses. Obtains a thorough understanding of operating infrastructure of Strategic Business Unit(s) (SBUs) operations to be able to proactively analyze and identify opportunities for cost savings and revenue enhancements. Regularly reviews historical operating results and proactively identifies and analyzes potential revenue enhancement and cost saving opportunities. Performs a variety of pro forma financial and operating analyses as requested to support proposals. Reviews and understands fluctuations across SBUs in delivering cost of care and variations in cost of care. Differentiates impact of rate versus utilization variations. Supports SBUs by providing information, responding to questions and resolving complex problems and issues. Other special projects as assigned. The job duties listed above are representative and not intended to be all-inclusive of what may be expected of an employee assigned to this job. A leader may assign additional or other duties which would align with the intent of this job, without revision to the job description.

Requirements

• Ability to understand and analyze complex data sets and frame it to actionable analysis
• Understanding of the financial structure and business practices of the managed care industry
• Strong PC skills are essential, with advanced skills in Excel and Hyperion Essbase or other large enterprise financial software
• Finance Work Experience
• Bachelor's - Accounting, Bachelor's - Finance

Nice To Haves

• Accounting Work Experience
• Master's

Responsibilities

• Analyzing costs
• Preparing financial reports
• Providing recommendations to leadership for lines of business according to established policies, guidelines and methodologies
• Prepare journal entries and analyses in conjunction with month end close process and meet monthly deadlines
• Analyzes complex financial information and reports
• Provides accurate and timely financial recommendations to management for decision making purposes
• Develops sophisticated financial models
• Provides recommendations based upon evaluation of financial trends and forecasts
• Evaluates and monitors the efficiency and performance of programs, ensuring program execution is on target
• Manages dashboard reporting by tracking monthly, quarterly and annual revenue and expenses
• Obtains a thorough understanding of operating infrastructure of Strategic Business Unit(s) (SBUs) operations to be able to proactively analyze and identify opportunities for cost savings and revenue enhancements
• Regularly reviews historical operating results and proactively identifies and analyzes potential revenue enhancement and cost saving opportunities
• Performs a variety of pro forma financial and operating analyses as requested to support proposals
• Reviews and understands fluctuations across SBUs in delivering cost of care and variations in cost of care
• Differentiates impact of rate versus utilization variations
• Supports SBUs by providing information, responding to questions and resolving complex problems and issues
• Other special projects as assigned

Benefits

• short-term incentives
• comprehensive benefits package
• broad range of health, life, voluntary and other benefits and perks that enhance your physical, mental, emotional and financial wellbeing

What This Job Offers

• Job Type: Full-time
• Career Level: Senior