Financial Analyst Senior

Overview

This role involves performing a wide range of project tasks and serving as a financial and operational liaison for operations, regulatory agencies, and other outside entities. You will act as a technical expert to support team members by analyzing financial and contractual results, trends, performance metrics, and conducting root-cause analysis to inform business decisions. Depending on assigned scope, you may analyze products and plans and may support management and reporting for programs funded through commercial, federal, state, local, foundation, or industry partners via grants, contracts, or service agreements.

Responsibilities

• Record, classify, and summarize contractual transactions and events in accordance with generally accepted accounting principles; interpret transactions and events for stakeholders across the organization who make economic or business decisions.
• Develop and/or maintain processes and perform complex calculations to support short- and long-term strategic plans and operating budgets; support monthly close and/or contracting processes and the generation of monthly and/or annual financial statements. May include negotiations and comparisons of payor performance.
• Provide expertise and education related to budgeting, revenue recognition, reimbursement, and system/process changes; correlate revenue/expense to volumes and prepare reports to support financial management in assessing performance.
• Evaluate, update, and maintain processes supporting regulatory and third-party changes, quarterly workpapers, annual audits, cost accounting, and third-party cost reporting.
• Perform detailed variance analysis against expected budget, forecast, prior periods, modeling, or other revenue benchmarks as required to support operations.
• Stay current on issues impacting the healthcare industry and/or third-party payor regulations/requirements, including sponsored project research with financial impact, and communicate relevant issues to the team and management; recommend financial and performance improvements.
• Analyze contractual or financial results, trends, and performance metrics; provide root-cause analysis to support contracting and/or business decisions; recommend budget adjustments and other cost/revenue improvement measures.
• Perform other duties as assigned or required.

Requirements

Minimum

• BA/BS degree in Accounting, Finance, Business Administration, or a related field; or relevant experience and/or education as determined by the employer in lieu of a bachelor’s degree.
• Minimum of 4 years of financial analysis experience.
• Proficiency with spreadsheet applications and database management.

Preferred

• Master’s degree or equivalent experience.
• CPA, CMA, FHFMA, CHFMA or CRA.
• Sponsored program administration.
• Demonstrated ability to understand and apply complex federal regulations and policy.

Compensation & Benefits

• Pay range minimum: $31.02
• Pay range maximum: $48.54

Base pay is determined by factors including candidate qualifications, experience, expected contributions, internal peer equity, market, and business considerations. The displayed salary range does not reflect any geographic differential that may apply for certain locations.

Highmark Health and its affiliates prohibit discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities and prohibit discrimination against all individuals based on any category protected by applicable federal, state, or local law.

Location

Not specified in the provided job description.

Compliance Requirement

This position requires adherence to the employer’s ethical and legal standards and behavioral expectations as set forth in the code of business conduct and company policies. As part of the role, employees may have access to covered information, cardholder data, or other confidential customer information that must be protected at all times. All employees must comply with the Health Insurance Portability Accountability Act of 1996 (HIPAA) as described in the Notice of Privacy Practices and privacy policies and procedures, as well as all data security guidelines in the employer’s Handbook of Privacy Policies and Practices and Information Security Policy. Employees are also responsible for complying with the employer’s Code of Business Conduct, including adherence to applicable federal and state laws, rules, regulations, and required company policies and training.