Financial Analyst III (Financial Reporting)

CalOptima; Orange (CA); Remote; USD 91,000 - 145,000; Full time

Benefits offered by this job

PTO

Tuition Reimbursement

Professional development

Career development opportunities

Flexible scheduling

Job summary

CalOptima is seeking a Financial Analyst III (Financial Reporting) to join our accounting team. The role focuses on preparing comprehensive monthly financial reports and statutory filings, with reporting to executives and the Board of Directors.

Telework is approved with California residency requirements; occasional in-office presence in Orange, CA is required for partial telework. The candidate will maintain the GL COA, support audits, and deliver data-driven insights using Power BI and Dynamic

Qualifications

• Bachelor's degree in business administration, finance, accounting or related field.
• 3 years of experience in financial reporting in compliance with GAAP and statutory requirements.
• 5 years of experience in managed health care, medical group, hospital or health plan setting preferred.

Responsibilities

• Prepare complex monthly financial reports for Board of Directors and executives.
• Compile statutory financial reporting for state, federal and other regulatory agencies.
• Maintain GL chart of accounts and reporting libraries in financial software.
• Build and update financial reports using Solver and Power BI.

Skills

GAAP compliance

Financial reporting

Power BI

Microsoft D365

Education

Bachelor's degree in business administration, finance, accounting or related field

Tools

Microsoft Dynamics D365

Solver

Job description

Financial Analyst III (Financial Reporting)

CalOptima

Join Us in this Amazing Opportunity

The Team You'll Join

We are a mission driven community-based organization that serves member health with excellence and dignity, respecting the value and needs of each person. If you are ready to advance your career while making a difference, we encourage you to review and apply today and help us build healthier communities for all.

More About the Opportunity

We are hoping you will join us as a Financial Analyst III (Financial Reporting) and help shape the future of healthcare where you'll be an integral part of our Accounting team, helping to strive for excellence while we serve our member health with dignity, respecting the value and needs of each of our members through collaboration with our providers, community partners and local stakeholders. This position has been approved to be Full Telework.

- If telework is approved, you are required to work within the State of California only and if Partial Telework, also come in to the Main Office in Orange, CA, at least two (2) days per week minimum.

The Financial Analyst III (Financial Reporting) will be responsible for preparing comprehensive monthly financial reports and presentations for the Executives' and Board of Directors' meetings. You will compile and complete statutory financial reporting mandated by state, federal and other regulatory agencies. Under minimal supervision, you will provide a range of financial data requested by auditors, ensuring timely and accurate delivery. You will solve complex problems, evaluate various financial reporting issues, perform detailed analysis and communicate well-reasoned solutions to management. You will maintain the financial reports library, general ledger (GL) chart of accounts and functionalities in financial software. Together, we are building a stronger, more equitable health system.

Your Contributions To the Team:

• 90% - Financial Support
• Participates in a mission-driven culture of high-quality performance, with a member focus on customer service, consistency, dignity and accountability.
• Assists the team in carrying out department responsibilities and collaborates with others to support short- and long-term goals/priorities for the department.
• Prepares complex monthly financial reports for Board of Directors, executives and Accounting department.
• Prepares quarterly and annually statutory financial filings contractually required by state and federal regulatory agencies and as requested by other entities.
• Participates in reconciliation of statutory financial, Medical-Loss-Ratio (MLR) and Rates Development submissions.
• Provides subject matter expertise and serves as a resource for financial reporting and analysis activities.
• Researches and resolves reporting issues and recommends solutions to management.
• Builds and updates comprehensive financial reports in Solver and Power BI Financial Reporting applications.
• Maintains GL chart of accounts and functionalities in Microsoft Dynamic D365.
• Collaborates with medical cost and general administration teams to improve the accuracy and quality of the financial data.
• Provides detailed monthly financial analysis, such as trend review and budget variance explanations.
• 10% - Other
• Completes other projects and duties as assigned.

Do You Have What the Role Requires?

• Bachelor's degree in business administration, finance, accounting or related field PLUS 5 years of experience in managed health care, medical group, hospital or health plan setting required; an equivalent combination of education and experience sufficient to successfully perform the essential duties of the position such as those listed above may also be qualifying.
• 3 years of experience in financial reporting in compliance with Generally Accepted Accounting Principles (GAAP) and statutory requirements required.

You’ll Stand Out More If You Possess the Following:

• Intermediate level, in Microsoft D365, Solver, Power BI Financial Reporting and other database applications.

What the Regulatory Agencies Need You to Possess?

• N/A

Your Knowledge & Abilities to Bring to this Role:

• Develop rapport and establish and maintain effective working relationships with CalOptima Health's leadership and staff and external contacts at all levels and with diverse backgrounds.
• Work independently and exercise sound judgment.
• Communicate clearly and concisely, both orally and in writing.
• Work a flexible schedule; available to participate in evening and weekend events.
• Organize, be analytical, problem-solve and possess project management skills.
• Work in a fast-paced environment and in an efficient manner.
• Manage multiple projects and identify opportunities for internal and external collaboration.
• Motivate and lead multi-program teams and external committees/coalitions.
• Utilize computer and appropriate software (e.g., Microsoft Office: Word, Outlook, Excel, PowerPoint) and job specific applications/systems to produce correspondence, charts, spreadsheets, and/or other information applicable to the position assignment.

Your Physical Requirements (With or Without Accommodations):

• Ability to visually read information from computer screens, forms and other printed materials and information.
• Ability to speak (enunciate) clearly in conversation and general communication.
• Hearing ability for verbal communication/conversation/responses via telephone, telephone systems, and face-to-face interactions.
• Manual dexterity for typing, writing, standing and reaching, flexibility, body movement for bending, crouching, walking, kneeling and prolonged sitting.
• Lifting and moving objects, patients and/or equipment 10 to 25 pounds.

Ways We Are Here For You

• You’ll enjoy competitive compensation for this role.
• Our current hiring range is: Pay Grade: 313 - $90,820 - $145,312 ($43.66 - $69.8615).
• The final salary offered will be based on education, job-related knowledge and experience, skills relevant to the role and internal equity among other factors.
• This position is approved for Full Telework (If the position is Telework, it is eligible in California only)
• A https://www.caloptima.org/en/careers#benefits
• CalPERS pension program and additional retirement packages.
• Additional benefits and perks including:
• A generous PTO program
• A quality work life balance
• Various wellness programs
• Tuition Reimbursement
• Professional development opportunities
• Career development opportunities
• Flexible scheduling
• And the satisfaction of knowing your work directly impacts and improves healthcare access for thousands of individuals and families.

Our Work Environment:

If located at the 500, 505 Building or a remote work location:

• Work is typically indoors and sedentary and is subject to schedule changes and/or variable work hours, with travel as needed.
• There are no harmful environmental conditions present for this job.
• The noise level in this work environment is usually moderate.

If located at PACE:

• Work is typically indoors in a clinical setting serving the frail and elderly.
• There may be harmful or hazardous environmental conditions present for this job.
• The noise level in this work environment is usually moderate to loud.

If located in the Community:

• Work is typically indoors and sedentary and is subject to schedule changes and/or variable work hours, with travel as needed.
• Employee will occasionally work outdoors in varied temperatures.
• There may be harmful or hazardous environmental conditions present for this job.
• The noise level in this work environment is usually moderate to loud.

Why Join Us?

We believe that diverse perspectives drive innovation. Each employee brings a unique perspective to the overall team and we value everyone's input and we are committed to creating an inclusive environment where you and every team member can thrive while making a meaningful impacts on our community members. Our team reflects and represents the communities we serve, and we welcome candidates from all backgrounds who share our commitment to accessible, quality healthcare.

What's Your Next Step?

All Applications will be accepted on a continuous basis until a sufficient number of qualified applications have been received. Do NOT miss out. If you want to join our team, the deadline for the first review of applications is October 28, 2026 at 9:00 PM (PST). We are encouraging you to apply early. If you apply after the first review date, your application is not guaranteed to be considered for this recruitment. This recruitment may close at any time without notice after the first review date.

Our Commitment to You

Your application and resume will be reviewed by a dedicated recruiter to this position. If your experience matches what we need, we will reach out to you to discuss the next steps. The selection process may include, but is not limited to, a skills assessment, phone screen and interview.

If you make it through the steps above and are selected for this exciting role, you will be required to undergo a reference and a background check (to include a conviction record) and if applicable also pass a drug screening and/or a post-offer pre-employment medical examination (for specific positions) .

We will make sure to keep you updated through each step of the process on your candidate portal. Please make sure to watch for updates on your candidate portal and you emails which will be sent to the email address you listed on your application. Please check your email, including your SPAM folder, regularly throughout the recruitment process.

CalOptima Health is an equal opportunity employer and makes all employment decisions on the basis of merit. CalOptima Health wants to have qualified employees in every job position. CalOptima Health prohibits unlawful discrimination against any employee, or applicant for employment, based on race, religion/religious creed, color, national origin, ancestry, mental or physical disability, medical condition, genetic information, marital status, sex, sex stereotype, gender, gender identity, gender expression, transitioning status, age, sexual orientation, immigration status, military status as a disabled veteran, or veteran of the Vietnam era, or any other consideration made unlawful by federal, state, or local laws. CalOptima Health also prohibits unlawful discrimination based on the perception that anyone has any of those characteristics or is associated with a person who has, or is perceived as having, any of those characteristics.

If you are a qualified individual with a disability or a disabled veteran, you may request a reasonable accommodation at [phone] if you are unable or limited in your ability to access job openings or apply for a job on this site as a result of your disability.