Note: The job is a remote job and is open to candidates in USA. Magellan Health is a leading healthcare company, and they are seeking a Financial Analyst II to drive impactful business decisions through advanced financial analysis, modeling, and reporting. The role involves collaborating with leadership, supporting strategic initiatives, and leveraging expertise in financial analysis to deliver actionable insights.
Responsibilities
- Analyzes complex financial information and reports; provides accurate and timely financial recommendations to management for decision making purposes
- Develops sophisticated financial models. Provides recommendations based upon evaluation of financial trends and forecasts
- Evaluates and monitors the efficiency and performance of programs, ensuring program execution is on target
- Manages dashboard reporting by tracking monthly, quarterly and annual revenue and expenses
- Obtains a thorough understanding of operating infrastructure of Strategic Business Unit(s) (SBUs) operations to be able to proactively analyze and identify opportunities for cost savings and revenue enhancements
- Regularly reviews historical operating results and proactively identifies and analyzes potential revenue enhancement and cost saving opportunities
- Performs a variety of pro forma financial and operating analyses as requested to support proposals
- Reviews and understands fluctuations across SBUs in delivering cost of care and variations in cost of care. Differentiates impact of rate versus utilization variations
- Supports SBUs by providing information, responding to questions and resolving complex problems and issues
- If supporting Medicare Part D, will be responsible for implementing CMS requirements related direct and indirect plan remuneration, plan to plan reconciliation, monthly membership reports, coverage gap discount program, medical loss ratio reporting, fiscal soundness reporting, audit assistance and analysis of drug utilization and other costs trends
- Other special projects as assigned
Skills
- Ability to understand and analyze complex data sets and frame it to actionable analysis
- Understanding of the financial structure and business practices of the managed care industry
- Strong PC skills are essential, with advanced skills in Excel and Hyperion Essbase or other large enterprise financial software
- Work Experience - Required: Finance
- Education - Required: Bachelor's - Accounting, Bachelor's - Finance
- License and Certifications - Required
- Work Experience - Preferred
- Education - Preferred: Master's
- License and Certifications - Preferred
Benefits
- This position may be eligible for short-term incentives as well as a comprehensive benefits package.
- Magellan offers a broad range of health, life, voluntary and other benefits and perks that enhance your physical, mental, emotional and financial wellbeing.
Company Overview
Magellan Federal—a Magellan Health company—has received recognition as a Military Friendly® company, a Washington Post Top Workplaces, and MilitaryTimes Best for Vets company. It was founded in 2000, and is headquartered in Arlington, VA, US, with a workforce of 1001-5000 employees. Its website is http://www.magellanfederal.com/.