Senior Financial Analyst

CVS Health

21h • Remote

About The Position

We’re building a world of health around every individual — shaping a more connected, convenient and compassionate health experience. At CVS Health®, you’ll be surrounded by passionate colleagues who care deeply, innovate with purpose, hold ourselves accountable and prioritize safety and quality in everything we do. Join us and be part of something bigger – helping to simplify health care one person, one family and one community at a time. SENIOR FINANCIAL ANALYST Remote Job Summary: The Senior Analyst will be supporting Aetna Better Health’s Illinois Medicaid health plan and will report directly to the Senior Manager of FP&A. This position will be involved in the monthly financial reporting, analysis, and decision-making in support of the business partners. Also supporting the Central FP&A team in annual budgeting and quarterly forecasting, and many other financial processes in support of the health plan financial objectives. The Senior Analyst will be responsible for analysis that supports the business in making better financial decisions. They will work cross functionally to analyze reports, as well as work on a variety of special projects. Job Description: Acts on behalf of FP&A team in the analysis of ABHIL annual budgets, forecasts, and long-term financial plans by collaborating with stakeholders to gather inputs, analyze financial data, and provide recommendations for financial targets and resource allocation. Provides in-depth financial analysis and communication of results, including variance analysis and trend analysis in membership, SG&A and revenue areas. Supports the forecasting process by analyzing trends, identifying key drivers, and preparing financial models to evaluate different scenarios and their impact on financial outcomes. Identifies areas of process improvement, smart goals, cost-saving opportunities, and revenue enhancement strategies. Develops and analyzes complex financial models to support strategic decision-making, investment analysis, and business planning. Ability to collaborate across cross functional business, growth partners, and shared service areas to gather the appropriate information to analyze the data and provide decision support to evaluate better financial outcomes. Understanding of membership trends, MLR drivers and working knowledge of Managed Care related metrics. Assist with completing Quarterly State reporting which requires extensive excel/data management. For this role you will need

Requirements

• 3-5 years work experience
• MS Office suite knowledge including Excel, PowerPoint, and Outlook
• Working knowledge of problem solving and decision-making skills
• Experience in critical decision support and analysis of financial data and resources

Nice To Haves

• SQL / SAS querying skills and experience with using BI tools such as Power BI, Tableau

Responsibilities

• Acts on behalf of FP&A team in the analysis of ABHIL annual budgets, forecasts, and long-term financial plans by collaborating with stakeholders to gather inputs, analyze financial data, and provide recommendations for financial targets and resource allocation.
• Provides in-depth financial analysis and communication of results, including variance analysis and trend analysis in membership, SG&A and revenue areas.
• Supports the forecasting process by analyzing trends, identifying key drivers, and preparing financial models to evaluate different scenarios and their impact on financial outcomes.
• Identifies areas of process improvement, smart goals, cost-saving opportunities, and revenue enhancement strategies.
• Develops and analyzes complex financial models to support strategic decision-making, investment analysis, and business planning.
• Ability to collaborate across cross functional business, growth partners, and shared service areas to gather the appropriate information to analyze the data and provide decision support to evaluate better financial outcomes.
• Understanding of membership trends, MLR drivers and working knowledge of Managed Care related metrics.
• Assist with completing Quarterly State reporting which requires extensive excel/data management.

Benefits

• Affordable medical plan options, a 401(k) plan (including matching company contributions), and an employee stock purchase plan.
• No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching.
• Benefit solutions that address the different needs and preferences of our colleagues including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility.

What This Job Offers

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