Senior Market Finance Consultant

Point32Health - Canton, MA

Full-time - Senior

Canton, MA

Religious, Grantmaking, Civic, Professional, and Similar Organizations

About the position

The Market Finance Senior Consultant serves as the key financial business partner with Line of Business leaders to support the optimization of financial outcomes of the business. The position will be the financial liaison to the business, working to educate leaders on all matters related to financial performance and supporting activities to drive performance. This position will play an active role in developing annual budget/forecast as well as in analyzing monthly business performance to provide business insight and actionable advice. This position will report to Market Finance Lead and will lead the function of providing business partner and analysis support to business leaders.

Responsibilities

• Partner with accounting department to ensure accurate and timely close on a monthly basis
• Monthly P&L analysis in identifying Risks and Opportunities
• Drive P&L forecast and planning work and manage business segment expenses
• Support bottom's up development for forecasts and annual budgets
• Support Pricing/Bid/Rate Filing analyses and validate key assumptions
• Research, analyze, validate, and prepare data for use in identification and execution of strategic initiatives
• Participate in periodic Monthly Operating Review and other financial performance reviews with both internal/external audience on a needed basis
• Oversee ad hoc analysis in measuring effectiveness of various marketing programs including but not limited to direct marketing efforts for Open Enrollments
• Understand and drive transparency and performance on metrics in service areas such as care management and operations
• Perform what-if scenario analysis regarding business model, evaluate trade off, e.g., broker vs direct sales and influence decisions based on findings
• Support management of medical cost trend and gross margin improvement opportunities
• Analyze the impact of contracts and support negotiations, as required, in driving market performance
• Identify areas for continuous improvements
• Competitor benchmarking and opportunity identification
• Quantify financial impact of risks per Enterprise Risk Management
• Other duties and projects as assigned.

Requirements

• Bachelor's degree or ASA recommended. Master's degree or FSA preferred.
• 10+ years of relevant health plan experience with responsibility in driving financial outcomes
• Demonstrates an understanding of business operations with the goal of becoming the spokesperson for your assigned area.
• Experience in working in fast paced, matrixed environment.

Nice-to-haves

• Ability to collaborate with Finance team and business partners to achieve results.
• Communicates effectively within informal and formal channels, including written communications, presentations and informal communications with peers, management and business partners.
• Ability to work cross functionally and influence performance in Health Care Services, Service Operations and Provider Performance.
• Critical Thinking- Constructively challenges each decision and process to ensure optimal decision making and performance.
• Deep understanding of performance metrics and ability to communicate business trends, needs and outcomes.

Benefits

• Medical, dental and vision coverage
• Retirement plans
• Paid time off
• Employer-paid life and disability insurance with additional buy-up coverage options
• Tuition program
• Well-being benefits
• Full suite of benefits to support career development, individual & family health, and financial health