Senior Financial Analyst

Inovalon; Bowie (MD); On-site; USD 84,000 - 105,000; Full time

Job summary

Inovalon is seeking a Senior Financial Analyst to partner with the Payer Business Unit FP&A team in the United States. You will produce BU financial reporting, driver-based forecasts, and leadership packages for assigned product lines.

You will analyze key business trends, actual vs. plan variances, and SaaS metrics across hybrid revenue models while collaborating with Sales Operations, Customer Success, and Product teams to drive FP&A improvements and reporting automation.

Qualifications

• 5+ years of combined finance or accounting experience, including 3+ years as a financial analyst
• Demonstrated knowledge of SaaS unit economics, metrics, and KPIs
• Ability to partner with internal customers and cross-functional teams
• Advanced Excel skills; VBA experience a plus
• Prior Hyperion Planning (Planning / Essbase / Smart View) experience preferred
• Strong analytical and problem-solving skills with attention to detail
• Ability to create models with multiple scenarios (what-if)
• Understanding of US GAAP
• Experience driving process improvement and reporting automation
• Experience in Healthcare, Healthcare Technology, or Software/SaaS environments a plus
• Experience modeling mixed or hybrid revenue models (subscription vs. consumption)

Responsibilities

• Develop driver-based forecasting models for hybrid SaaS revenue streams
• Track and report key SaaS KPIs (ARR, NRR, GRR, CAC, LTV, churn)
• Prepare monthly data reports with variances and driver impact explanations
• Produce routine and ad hoc financial models for BU leadership
• Support process improvements, automation, and standardization of data
• Create analytics using Oracle Hyperion and related tools
• Collaborate with BU finance and cross-functional teams to forecast metrics
• Present findings to BU management and stakeholders
• Document simulations and perform operating financial analyses
• Ensure data quality and integrity of reports
• Support BU capex and Opex budgeting and forecasting
• Adhere to confidentiality and HIPAA requirements

Skills

Advanced Excel

Financial modeling

Cross-functional partnering

SaaS metrics

Data analysis

Education

Bachelor’s Degree in Business Administration, Finance or Accounting

Tools

Hyperion Planning

Essbase

Smart View

VBA

Job description

Overview: The Senior Financial Analyst will serve as a key financial partner within the Payer Business Unit FP&A team responsible for producing business unit financial reporting, ad hoc operational models, driver-based forecasts, and leadership packages for assigned product lines. The incumbent will analyze key business trends, actual versus plan variances, and SaaS operational metrics across hybrid revenue models (subscription vs. consumption/usage-based revenue), and will serve as a financial liaison to the business unit leadership team, Sales Operations, Customer Success, and Product departments while actively driving FP&A process improvements and reporting automation.

Duties And Responsibilities

• Assist in developing and maintaining driver-based forecasting models for hybrid SaaS revenue streams, balancing predictable subscription ARR with variable consumption and usage-based metrics;
• Develop, track, analyze, and report on key SaaS operational KPIs (ARR, NRR, GRR, CAC, LTV, Client Churn/Renewal);
• Prepare monthly data reporting packages that include analysis of key business trends and actual versus plan variances, including comprehensive explanations of differences as well as the impact of operational drivers to budget/forecast;
• Produce routine and ad hoc financial operational models to support business unit leadership in decision making;
• Support process improvement, workflow automation, and standardization of data used in monthly, quarterly, and annual business unit performance reports;
• Design, develop and produce standard monthly, quarterly, and annual performance analytics using Oracle Hyperion;
• Collaborate with business unit finance team members to classify, quantify, and/or forecast business metrics & risks by providing reliable, accurate, comparable and timely information;
• Articulate findings on a regular basis to business unit management and cross-functional stakeholders;
• Document and/or build simulations and perform operational financial analyses;
• Assess quality and integrity of data collected, analysis performed, and reports generated;
• Support business unit capex budgeting and forecasting;
• Support business unit operating expenditure (Opex) budgeting and forecasting;
• Maintain compliance with company policies, procedures and mission statement;
• Adhere to all confidentiality and HIPAA requirements as outlined within Operating Policies and Procedures in all ways and at all times with respect to any aspect of the data handled or services rendered in the undertaking of the position; and
• Fulfill those responsibilities and/or duties that may be reasonably provided for the purpose of achieving operational and financial success of the business unit.

Job Requirements

• Minimum of 5+ years of combined finance or accounting experience, including 3+ years in a financial analyst role, with direct exposure to business unit FP&A or embedded operational finance;
• Demonstrated knowledge of SaaS unit economics, metric calculation, and operational KPIs;
• Ability to partner with internal customers and cross-functional teams effectively;
• Advanced Excel skills required (VBA experience is a plus);
• Prior Hyperion planning (Planning / Essbase / Smart View) experience preferred;
• Strong analytical and problem-solving skills with strong attention to detail;
• Ability to create models that provide “what if” capabilities;
• Understanding of US GAAP
• Track record of driving process improvement and reporting automation;
• Desire to consistently exceed expectations and take on more responsibility;
• Must be very detail oriented and self-motivated, as this position generally requires employees to work independently.
• Experience in Healthcare, Healthcare Technology, or Software/SaaS environments a plus; and
• Experience modeling mixed or hybrid revenue models (subscription vs. consumption/usage-based pricing) a plus.

Education

• Bachelor’s Degree in Business Administration, Finance or Accounting.

Physical Demands And Work Environment

• Sedentary work (i.e., sitting for long periods of time);
• Exerting up to 10 pounds of force occasionally and/or negligible amount of force;
• Subject to environmental conditions; and
• Travel for this position will include less than 5% locally, usually for training purposes.

This position is not eligible for immigration sponsorship (e.g. H-1B, TN, or E-3). Applicants must be authorized to work in the United States as a condition of employment. (This is only applicable for US-based positions)

If you don’t meet every qualification listed but are excited about our mission and the work described, we encourage you to apply. Inovalon is most interested in finding the best candidate for the job, and you may be just the right person for this or other roles.

By embracing inclusion, we enhance our work environment and drive business success. Inovalon strives to provide equal opportunities to the communities where we operate and to our clients and everyone whom we serve. We endeavor to create a culture of inclusion in which our associates feel empowered to bring their full, authentic selves to work and pursue their professional goals in an equitable setting. We understand that by fostering this type of culture, and welcoming different perspectives, we generate innovation and growth.

Inovalon is proud to be an equal opportunity workplace. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or veteran status. We also consider qualified applicants regardless of criminal histories, consistent with legal requirement.

To review the legal requirements, including all labor law posters, please visit this link

To review the California Consumer Privacy Statement: Disclosures for California Residents, please visit this link

Compensation Range: $84K - $105K