Financial Analyst II

CareSource; Ohio; On-site; USD 63,000 - 100,000; Full time

Job summary

CareSource in the United States is seeking a Financial Analyst II to prepare analysis of utilization, financial trends, costs, revenues and obligations to forecast future revenues and expenses; you will interpret financial impacts of decisions and communicate them to management.

The role emphasizes developing, validating reports from detailed claims, eligibility, pharmacy and clinical data, and supporting budgeting, variance analysis and data mining to identify cost-saving opportunities.

Qualifications

• Bachelor degree in accounting/finance/economics/computer sciences or related field.
• 2–4 years of experience in financial field.
• Managed care or healthcare experience is preferred.

Responsibilities

• Prepare analysis for utilization and financial trends, costs, revenues, financial commitments and obligations incurred to predict future revenues and expenses; communicate outcomes to management.
• Involved in development, production and validation of reports from claims, eligibility, pharmacy and clinical data.
• Compile and analyze financial and clinical information including evaluation of medical contracts and product lines.
• Develop competitive analyses and present findings to senior management.
• Prepare revenue and medical expense forecast and monitor monthly variances.
• Identify and research trends using standard reports and data sources; data mining.
• Ensure integrity of information for analysis and maintain up-to-date knowledge of systems.
• Support internal controls by reconciling data sets with state records where applicable.

Skills

Analytical thinking

Communication

Problem solving

Detail oriented

Team collaboration

Education

Bachelor degree in accounting/finance/economics/computer sciences or related field

Tools

SQL

SAS

Microsoft Excel

Microsoft Office Suite

Outlook

PowerPoint

Access

Word

Job description

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.

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

Salary

$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.

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.