Financial Planning Analyst- Network Health Plan

Ministry Health Care

  

Founded in 1982, Network Health offers a variety of employer group, individual and family, and Medicare Advantage health insurance plans to more than 130,000 members in  17 counties throughout northeast Wisconsin. 

 

 

 

We are currently recruiting a Financial Planning Analyst supporting Network Health Plan business by providing analytical insights and identifying opportunities for value capture to guide business decision making.


  

Summary
 The Financial Planning Analyst supports the achievement of corporate financial and growth goals by providing management in all areas of the company with necessary financial information and analysis to make informed decisions pertaining to Network's profitability, financial safety, new business production, policy retention and growth, loss costs, expense control, employee productivity, and operating efficiency.

 

Essential Job Duties:

 

  •  Maintains an understanding of the operations of the company, in order to properly account for prospective activities within GAAP and Statutory financials
  • Assists with the research, design and development of various management reports as requested.  These reports include measurements of profitability, growth, productivity, financial condition, and competitive position and are used by all levels of management to assess the current environment and our company's place in it.

     

  • Assists in the creation and presentation of reports to divisional management, verbally and through slide presentations, relating to the corporate objectives of the company.

     

  • Assists in the development of industry benchmarking studies by working with the functional divisions to capture company data for the studies.

     

  • Cultivates trust on financial matters.

     

  • Assists in the planning and development of various analyses which are used by divisional management to evaluate decision options.  These can include cost/benefit, cost estimate, total-cost-of-ownership, loss cost, probable maximum loss, budget, expense allocation, general ledger account, and internal control analyses.

     

  • Assists with the post-implementation reviews for projects to determine if the outcomes of the project are consistent with the assumptions used in the pre-decision analysis.  Uses this information to improve the quality of future analyses.

     

  • Builds financial databases by identifying sources of information, assembling, verifying and backing up data.

     

  • Facilitates cross-functional process flow meetings to understand overall cost structures within operations and builds models to support such functions and to assess incremental product costs.

     

  • Assesses the proper functioning of interfaces between financial systems by ensuring the data integrity and looking for tie-outs within existing financials.

     

  • Gathers data to assess the proper functioning of internal controls in financial systems.

     

  • Administers databases to capture the data relevant to divisional performance metrics.

     

  • Administers reporting mechanisms to deliver these metrics to executive and divisional management in format that is most-easily interpreted.

     

  • Actively participates on and represents the Finance division on cross-functional development teams for new programs and processes in all areas of operations.

     

  • Provides financial expertise and financial perspective to the strategic planning teams.

     

  • Assists in the annual budget process.

     

  • Prepares financial and business related analysis and research with succinct recommendations of financial actions by assessing options in relation to organizational goals.

     

  • Completes special projects, adhoc analysis and performs other duties as assigned.

     

  • Prepares financial reports by collecting, formatting, analyzing and explaining information.

     

  • Protects operations by keeping financial information and operational metrics confidential.

     

  • Partners with Accounting to ensure that administrative expenses are recorded accurately.

     

  • Drives continual process improvements.

     

  • Performs variance analysis of actual results compared to planned results and communicates such results to executive leadership as appropriate.

     

  • Maintains technical knowledge by attending educational workshops, reviewing publications.

     

  • Performs other duties as assigned.

     

 Skills Required:

 

  • Must have the ability to work and be effective in a team/matrix environment.
  • Strong interpersonal and communication skills.
  •  Organizational awareness
  • Must possess strong technical accounting, analytical skills, and problem solving.
  • Strong aptitude working with complex Financial IT systems
  • Adaptability
  • Able to quickly manipulate data to achieve consistent financial reporting 
  • Proficiency with Microsoft Excel, Word, Access, Great Plains, Meditech, QNXT, Facets, Dynamic, GE Centricity, Lumeris, and Verisk
  • Ability to work independently
  • Ability to manage and adhere to deadlines

 

 

 

 

 
 
Minimum Education Required:

Bachelor’s Degree, majoring in Accounting, Business or Finance.

 

Minimum Related Years of Experience (per minimum education) Required:

Requires two to four years experience in a similar capacity, preferably with experience in a progressive health care environment or health care consulting/public accounting firm. Experience with Medicare/Medicaid reimbursement. Understanding of managed care contracting and related financial implications.

 

Credential/Licensure Required:

CPA Preferred 



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