Financial Analyst II

About the role

Job Summary:

The Financial Analyst II is responsible for preparing analysis for utilization and financial trends, costs, revenues, financial commitments and obligations incurred to predict future revenues and expenses; as well as understand financial impacts of decisions and communicate those to management.

Essential Functions:

Prepare analysis for utilization and financial trends, costs, revenues, financial commitments and obligations incurred to predict future revenues and expenses; understand financial impacts of decisions and communicate those to management

Highly involved in the development, production, and validation of reports from detailed claims, eligibility, pharmacy and clinical data

Compile and analyze financial and clinical information, including but not limited to preparing the evaluation of medical contracts, product lines, generating and managing medical and administrative cost saving initiatives, etc.

Ensure integrity of information obtained for analysis; keep an up-to-date knowledge of the computer information system

Develop competitive analysis and present findings to senior management

Prepare revenue and medical expense forecast and budget and monitor monthly variances to identify trends

Identify and research trends and patterns using standard departmental reports and databases, as well as leveraging other processes and data sources for data mining

Make appropriate improvements to internal analysis processes ensuring that practices are in line with the overall goals of the organization

Support the financial control environment by reconciling internal data sets vs information provided by the State (such as, reconcile enrollment files to reimbursement records, etc.)

Utilize key analysis experience and knowledge to analyze and report medical, contract and administrative activity

Make appropriate changes to ensure compliance with MAR, regulatory and other organization requirements

Perform any other job duties as requested

Education and Experience:

Bachelor of Science/Arts Degree in accounting, finance, economics, computer sciences or related field or equivalent work experience is required

Two to Four (2-4) years of experience in financial field is required

Managed care or healthcare experience is preferred

Competencies, Knowledge and Skills:

SQL and/or SAS experience strongly preferred

Advanced proficiency level with Microsoft Excel

Proficient with Microsoft Office Suite, including Outlook, Power Point, Access and Word

Familiar with a variety of analysis concepts, practices and procedures

Relies on experience and judgment to plan and accomplish goals

Perform a variety of tasks under general supervision

Creativity and latitude (independent judgment) is required

Ability to work with others and work independently

Demonstrates analytical/problem solving skills to perform a variety of tasks, some of which may be complicated

Possesses critical thinking/listening skills

Ability to communicate with all levels of management

Detail oriented

Licensure and Certification:

Association for Financial Professionals (AFP) FP&A, or related certification is preferred

Working Conditions:

General office environment; may be required to sit or stand for extended periods of time

May be required to travel occasionally

Compensation Range:

$62,700.00 - $100,400.00

CareSource takes into consideration a combination of a candidate’s education, training, and experience as well as the position’s scope and complexity, the discretion and latitude required for the role, and other external and internal data when establishing a salary level. In addition to base compensation, you may qualify for a bonus tied to company and individual performance. We are highly invested in every employee’s total well-being and offer a substantial and comprehensive total rewards package.

Compensation Type (hourly/salary):

Salary

Organization Level Competencies

Fostering a Collaborative Workplace Culture

Cultivate Partnerships

Develop Self and Others

Drive Execution

Influence Others

Pursue Personal Excellence

Understand the Business

This job description is not all inclusive. CareSource reserves the right to amend this job description at any time. CareSource is an Equal Opportunity Employer. We are dedicated to fostering an environment of belonging that welcomes and supports individuals of all backgrounds.

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Posting text as published by CareSource Management Services.

The evidence behind this listing

Workplace

Remote Employer field

Seniority

Not established

Employment type

Not established

Location as listed

Ohio WFH, United States of America

Pay and work authorization

Stated pay

$62.7k–100.4k/yr AI reading of the posting

Visa sponsorship

Not stated

Security clearance

Not established

Citizenship

Not established