Senior Financial Planning Analyst

Independence; Philadelphia (Philadelphia County); Hybrid; USD 90,000 - 130,000; Full time

Benefits offered by this job

Hybrid work model

Job summary

Independence invites applications for a Senior Financial Planning Analyst to lead expense allocation, provide actionable insights, and support key financial initiatives across the organization. You will own Administrative Expense Allocations, FEP Expense Management, MLR QI Allocation, and Audit Support, partnering with business units and across FP&A, actuarial, and compliance.

Ideal candidates have a Bachelor's in Finance or Accounting, 6+ years FP&A, advanced Excel, and strong communication

Qualifications

• Bachelor’s degree in Finance, Accounting, or related field; 6+ years FP&A or financial analysis experience.
• Advanced Excel skills (pivot tables, complex formulas, data modeling, automation).
• Strong analytical and problem-solving abilities; experience with expense allocations and financial reporting.
• Proven track record in process management and improvement.
• Excellent communication skills and ability to work cross-functionally.
• Experience supporting financial audits.

Responsibilities

• Lead end-to-end Administrative Expense Allocations across segments and lines of business.
• Own tracking, analysis, and reporting of all expenses for the FEP line of business.
• Manage the MLR QI allocation process with cross-team coordination.
• Serve as FP&A contact for audit activities and respond to auditor inquiries.
• Support forecasting and budgeting with detailed expense analytics.

Skills

Advanced Excel

Cross-functional collaboration

Analytical thinking

Problem solving

Education

Bachelor's degree in Finance or Accounting

Tools

Oracle EPM

Job description

Bring your drive for excellence, team orientation, and customer commitment to Independence; help us renew and reimagine our business and shape the future of health care. Our organization is looking to diversify, grow, innovate, and serve, and we are looking for committed, empowered, learning-oriented people to join our team.

We are seeking a strategic and detail-oriented Senior Financial Planning Analyst to lead critical expense allocation processes, deliver actionable insights, and support key financial initiatives across the organization.

Administrative Expense Allocations

Lead the end-to-end process of allocating administrative expenses across segments and lines of business.

Ensure accuracy, transparency, and consistency in allocation methodologies.

Partner with business units to validate allocation drivers and assumptions.

Analyze allocated expense results to identify trends, variances, and opportunities for cost optimization.

Develop and deliver insightful reporting packages for senior management, highlighting key drivers and actionable insights.

Support forecasting and budgeting processes with detailed expense analytics.

Effectively communicate expense impacts and changes to FP&A leadership.

Federal Employee Program (FEP) Expense Management

Own the tracking, analysis, and reporting of all expenses related to the Federal Employee Program line of business.

Collaborate with operational and compliance teams to ensure expenses align with program guidelines and expectations.

Provide financial support for strategic initiatives and submissions related to FEP.

Medical Loss Ratio (MLR) Quality Improvement (QI) Allocation

Manage the MLR QI allocation process, ensuring compliance with program guidelines and internal policies.

Coordinate with actuarial, accounting, and operational teams to validate allocation inputs and outputs.

Maintain documentation and audit trails for all MLR QI-related financial activities.

Audit Support

Serve as the primary FP&A contact for all audit activities, including FEP, CMS, Insurance Department, and all other financial audits.

Prepare and review audit documentation, respond to auditor inquiries, and ensure timely resolution of audit recommendations.

Maintain strong internal controls and support continuous improvement in audit readiness.

Qualifications - External

Required:

Bachelor’s degree in Finance, Accounting, or related field; 6+ years of FP&A or financial analysis experience.

Advanced Excel skills (pivot tables, complex formulas, data modeling, automation).

Strong analytical and problem-solving abilities; experience with expense allocations and financial reporting.

Proven track record in process management and improvement .

Excellent communication skills and ability to work cross-functionally.

Experience supporting financial audits.

Preferred:

Experience with Oracle EPM or similar financial planning systems.

Knowledge of healthcare finance and MLR regulations

Independence has implemented a “Hybrid” model which consists of Associates working in the office 3 days a week (Tuesday, Wednesday & Thursday) and remotely 2 days a week (Monday & Friday). This role is designated as a role that fits into the “Hybrid” model. While associates may work remotely on our designated remote days, the work must be performed in the Tri-State Area of Delaware, New Jersey or Pennsylvania

IBX is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to their age, race, color, religion, sex, national origin, sexual orientation, protected veteran status, or disability.

Must have an Android or iOS device which is compatible with the free Microsoft Authenticator app.