Our work matters. We help people get the medicine they need to feel better and live well. We do not lose sight of that. It fuels our passion and drives every decision we make.
Job Posting Title
Senior Financial Analyst - Remote
Job Description Summary
This position requires significant financial analytical experience and demonstrated health care industry knowledge. Primary responsibilities include analyzing costs, preparing financial reports and providing recommendations to leadership for lines of business according to established policies, guidelines and methodologies. Prepare journal entries and analyses in conjunction with month end close process and meet monthly deadlines.
Job Description
Responsibilities
- Depending on area supporting, duties may vary.
- 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.
Minimum Qualifications
- Bachelor’s degree in Accounting or Finance or related area of study, or equivalent combination of education and/or relevant work experience; HS diploma or GED is required
- 5 years of experience in accounting and/or financial analysis
- Must be eligible to work in the United States without need for work visa or residency sponsorship
Additional Qualifications
- Strong team player with effective communication and presentation skills as well as a customer service approach
- Proficient in Excel, PowerPoint and Word
- Experience working with databases to retrieve and analyze data
- Ability to adapt and multi-task
Minimum Physical Job Requirements
- Frequently required to reach with hands and arms
- Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and ability to adjust focus
Reporting Structure
- Reports to Manager or Sr Director in the Finance department
Responsibilities
- 3+ years of Big 4 public accounting experience.
- For roles supporting Medicare Part D: Medicare, PBM and/or managed care experience preferred.
- For roles supporting Medicare Part D: Working knowledge and experience with Medicare Part D finance and analytics preferred.
- For roles supporting Medicare Part D: Proficiency in MS Access, SQL or SAS preferred.
- 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 OR federal acquisition regulations if supporting Magellan Federal.
- Strong PC skills are essential, with advanced skills in Excel and Hyperion Essbase or other large enterprise financial software.
Roles supporting Magellan Federal require working knowledge of compliance requirements and accounting complexities
of federal government contracting, including Federal Acquisition Regulation (FAR) and Cost Accounting Standards) CAS.
Work Experience
Work Experience - Required:
Finance
Work Experience - Preferred:
Accounting
Education
Education - Required:
Bachelors - Accounting, Bachelors - Finance
Education - Preferred:
Masters
Certifications
Certifications - Required:
Certifications - Preferred:
Potential pay for this position ranges from $66,880.00 - $107,000.00 based on experience and skills. Pay range may vary by 8% depending on applicant location.
To review our Benefits, Incentives and Additional Compensation, visit our Benefits Page and click on the "Benefits at a glance" button for more detail.
Prime Therapeutics LLC is an Equal Opportunity Employer and a Tobacco-free workplace. We encourage diverse candidates to apply and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex (including pregnancy), sexual orientation, gender identity or expression, genetic information, marital status, family status, national origin, age, disability, veteran status, or any other legally protected class under federal, state, or local law. Every employee must understand, comply with and attest to the security responsibilities and security controls unique to their position; and comply with all applicable legal, regulatory, and contractual requirements and internal policies and procedures.
Positions will be posted for a minimum of five consecutive workdays.
