Senior Financial Analyst

AlohaCare; Honolulu (HI); On-site; USD 67,000 - 82,000; Full time

Benefits offered by this job

Health insurance

Dental insurance

Vision insurance

Paid time off

401k employer contribution

Referral bonus

Pre-tax transportation

Parking

Job summary

AlohaCare in Hawaii seeks a Senior Financial Analyst to deliver senior-level financial analyses, drive cost of care insights, and support reporting and budgeting processes.

You will prepare internal financial statements, KPIs, and regulatory reports, contribute to audits, and partner with leadership to improve financial performance. The role requires at least 3 years of experience, strong SQL/Access skills, and the ability to work independently in a fast-paced environment.

Qualifications

• Minimum of 3 years of professional work experience.
• Experience with Access, SQL and analytics tools.
• Ability to work independently in a fast-paced environment.
• Advanced MS Office skills.

Responsibilities

• Perform cost of care analysis and monitor financial trends.
• Prepare internal and external financial reports and KPIs.
• Assist with annual operating budget and forecasts.
• Assist with external regulatory reports (HI DOI, HI DHS MED-QUEST, NAIC).
• Support annual financial and regulatory audits with schedules and analyses.
• Develop and maintain the Finance data warehouse and provide actionable insights.

Skills

Analytical thinking

Independent worker

Time management

Detail oriented

Tools

Access

SQL

Stata

SAS

SPSS

Excel

PowerPoint

Outlook

Job description

Are you ready for new challenges and new opportunities?

Join our team!

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AlohaCare’s leadership empowers and engages its employees by recognizing outstanding job performance and collaboration. We share organization-wide updates during quarterly All Staff meetings. We encourage participation in volunteer and educational opportunities. We put a high value on honesty, respect, and trust-building. We encourage open-door, two-way, and frequent communication.

AlohaCare’s comprehensive benefits package includes low-cost medical, dental, drug and vision insurance, paid time-off, 401k employer contribution, referral bonus and pretax transportation and parking program.

The Opportunity:

The Senior Financial Analyst is responsible for directly supporting the overall financial success of the organization by providing senior level, actionable analysis of financial and operating results, as well as other routine and ad hoc retrospective and prospective financial and operational analysis.

Primary Duties and Responsibilities:

• Perform cost of care analysis – identifies key cost drivers and ongoing monitoring of financial trends.
• Deliver analysis of core product financial indicators for recurring and ad hoc research.
• Assist with preparation of internal financial and operating reports, including monthly financial statements, KPIs, Finance Committee and Board of Director reports, etc.
• Assist with preparation of external financial and operating reports, including Quarterly and Annual regulatory (HI DOI, HI DHS MED-QUEST, and NAIC) reports.
• Assist with preparation of supporting schedules and analysis for annual financial and regulatory audits.
• Prepare analysis in support of provider network contract negotiations, including provider reimbursements, P4P programs, withholds, and risk share programs.
• Participate in development of annual operating budget.
• Participate in periodic development of financial forecasts.
• Prepare monthly calculations and reconciliations of provider “pass-throughs”; ensure timely processing of pass-through payments.
• Support preparation of Risk Based Capital (RBC), statutory required capital reserves, and regulatory performance bonds calculations; ensure regulatory compliance.
• Provide comprehensive support to the reinsurance programs, including monthly reconciliation of reinsurance receivables, and timely processing of recoveries.
• Develop detailed drill-down analysis to provide corrective actionable insights to Executive Council and Medical Management leadership for total cost of care and administrative expense initiatives.
• Lead the development, maintenance, and optimization of the Finance data warehouse, ensuring the integrity, availability, and accessibility of financial data to support reporting, forecasting, budgeting, regulatory requirements, and strategic decision-making. Provide analysis to support annual negotiations with DHS MED-Quest to ensure adequate capitation rates. Support development of annual Medicare program bid. Support monthly detailed reconciliation of membership and capitation revenues to ensure accuracy of premium revenues to organization. Support preparation of monthly provider risk pool statements and timely, accurate annual provider risk pool settlements.
• All other duties assigned.
• Adhere to regulatory compliance and quality guidelines as well as AlohaCare policies and procedures.
• Responsible for maintaining AlohaCare’s confidential information in accordance with AlohaCare policies, and state and federal laws, rules and regulations regarding confidentiality. Employees have access to AlohaCare data based on the data classification assigned to this job title.
• Minimum of 3 years of professional work experience, which demonstrates the ability to perform the duties required for the position.
• Experience using Access, SQL, and other statistical/analytical/reporting tools (Stata, SAS, SPSS, etc.).
• Able to work independently with minimal supervision.
• Able to effectively work in a fast-paced and changing environment, manage multiple projects and priorities across multiple teams/projects and in a matrixed environment.
• Possesses excellent time management and organizational skills; is dependable, enthusiastic, self-starting, and self-motivated. Uses time effectively, reacts professionally under pressure.
• Data entry experience with a high degree of accuracy and attention to detail.
• Excellent computer skills and able to learn new systems efficiently.

Advanced skills in Microsoft Programs, including Word, Excel, Access, Outlook and PowerPoint.

• Experience in the operation of general office equipment to include PC, fax/copy machine and phone system.

Preferred Requirements:

• Health care industry experience within managed care, hospital, medical office, or equivalent.
• Knowledge of health research methodology, biostatistics, and medical terminology.

Mental, Physical and Environmental Demands:

• May require prolonged sitting up to 4 hours.
• Requires prolonged operation of a computer workstation, including the ability to type for extended periods of time on a keyboard during the scheduled workday.?

Salary Range: $67,000 - $81,500 annually

AlohaCare is committed to providing equal employment opportunity to all applicants in accordance with sound practices and federal and state laws. Our policy prohibits discrimination and harassment because of race, color, religion, sex (including gender identity or expression), pregnancy, age, national origin, ancestry, marital status, arrest and court record, disability, genetic information, sexual orientation, domestic or sexual violence victim status, credit history, citizenship status, military/veteran status, or other characteristics protected under applicable state and federal laws, regulations, and/or executive orders.