Manager Financial Analysis - Financial Planning & Cost Analysis

Company :

Highmark Inc.

Job Description : 

JOB SUMMARY

This job manages all facets of the planning/forecasting cycles for the Organization. These facets include but are not limited to: reporting, financial analysis, variance analysis, bid process support, administrative cost allocations, forecast model enhancement, AI data analysis and the period to period risk and opportunities process. The incumbent manages the completion of other ad-hoc financial planning activities and assist in the development and review of business cases for strategic initiatives. Train, coach and develop staff members.

ESSENTIAL RESPONSIBILITIES

• ​Oversee the development of the semi-annual financial forecast. This includes ensuring the source data for the product forecasts is complete and accurate, completing a review of the projected profitability of each product to ensure that the projected results are reasonable, and explaining the product results to the various interested parties.
• Coordinate the review of data feeds to the financial systems to ensure that data continues to be properly reflected at the lowest level of detail.
• Anticipate the financial analysis needs of the product owners and provide them with appropriate analyses to help them understand product results.
• Oversee a staff responsible for completing financial analyses to ensure that the analysis is complete and thorough, that adequate documentation is maintained of the results of the analyses and explain the results to various internal customers.
• Responsible for appropriate training and development of forecast and product analysis staff.
• Work closely with the forecast & product analysis staff to ensure that various explanations are thorough, understandable, and are consistent with entity wide trends and results.
• Explain the current and projected financial results and trends for products, as well as provide updates on the status of the verification of financial data impacted by system conversions to senior management.
• Other duties as assigned or requested.

EDUCATION

Required

• Bachelor’s degree in Finance, Business Administration, Accounting or related field  or  relevant experience and/or education as determined by the company in lieu of bachelor's degree.  

Preferred

• Master's Degree in  Finance, Business Administration, Accounting or related field

EXPERIENCE

Required

• 5 years with financial planning, analysis and/or accounting
• 2 years in management

Preferred

• None

LICENSES or CERTIFICATIONS

Required

• None

Preferred

• CPA

SKILLS

• Knowledge of financial systems/spreadsheets
• Excellent organizational, analytical and problem solving skills
• Ability to analyze financial results and to comprehend complex rating structures impacting financial results and used for financial forecasting.
• Ability to interpret and summarize results of variance analysis in a meaningful way.
• Excellent written and oral communication skills

Language (Other than English):

None

Travel Requirement:

None

PHYSICAL, MENTAL DEMANDS and WORKING CONDITIONS

Position Type

Office-based

Teaches / trains others regularly

Frequently

Travel regularly from the office to various work sites or from site-to-site

Rarely

Works primarily out-of-the office selling products/services (sales employees)

Never

Physical work site required

No

Lifting: up to 10 pounds

Constantly

Lifting: 10 to 25 pounds

Occasionally

Lifting: 25 to 50 pounds

Rarely

Disclaimer: The job description has been designed to indicate the general nature and essential duties and responsibilities of work performed by employees within this job title. It may not contain a comprehensive inventory of all duties, responsibilities, and qualifications required of employees to do this job.

Compliance Requirement: This job adheres to the ethical and legal standards and behavioral expectations as set forth in the code of business conduct and company policies.

  

As a component of job responsibilities, employees may have access to covered information, cardholder data, or other confidential customer information that must be protected at all times.  In connection with this, all employees must comply with both the Health Insurance Portability Accountability Act of 1996 (HIPAA) as described in the Notice of Privacy Practices and Privacy Policies and Procedures as well as all data security guidelines established within the Company’s Handbook of Privacy Policies and Practices and Information Security Policy. 

Furthermore, it is every employee’s responsibility to comply with the company’s Code of Business Conduct. This includes but is not limited to adherence to applicable federal and state laws, rules, and regulations as well as company policies and training requirements.

Highmark Health and its affiliates prohibit discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities and prohibit discrimination against all individuals based on any category protected by applicable federal, state, or local law.

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For accommodation requests, please contact HR Services Online at HRServices@highmarkhealth.org

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