What are the responsibilities and job description for the Financial Analyst position at Health Partners Plans, Inc.?
Job Details The Financial Analyst specializing in Expense Management within the insurance industry, is responsible for full P&L analysis with a focus on operating and capital budgeting, forecasting, and variance analysis for the company’s legal entities and lines of business in support achieving profitability objectives and regulatory compliance. Collaborate with departments across the organization and members of the finance and accounting teams to ensure accurate recording of financial transactions, appropriate allocations to lines of business, and transparent reporting of results vs budget. Job Description Support preparation of the annual budget by legal entity and line of business with emphasis on operating/capital budgets including details by department and account, and monthly re-forecasts Monitor expense trends and support monthly financial close to ensure proper accounting classifications, and ensuring that all incurred but unpaid expenses are properly accrued Prepare monthly financial reports, dashboards and variance analysis of actual performance against budgets/forecasts/prior periods, highlight emerging trends, and present to management along with actionable insights on process improvement and cost-savings opportunities Identify, quantify, communicate, and report on risks and opportunities, and their financial impact Develop and maintain expense allocation models aligned with company policy and regulatory and statutory reporting requirements Prepare models and proformas as needed to support planning and business decisions Ongoing collaboration with enterprise and company functional leaders, and accounting and financial reporting teams to help ensure understanding and appropriateness of financial results Assist in audit readiness and internal controls related to expense tracking and allocations Lead or support other business needs and special projects as needed Education: Bachelor’s degree in finance or accounting Experience: 3–5 years of experience in FP&A, preferably in insurance or financial services Work Shift Workday Day (United States of America) Worker Sub Type Regular Primary Location Address 1101 Market, Philadelphia, Pennsylvania, United States of America Nationally ranked, Jefferson, which is principally located in the greater Philadelphia region, Lehigh Valley and Northeastern Pennsylvania and southern New Jersey, is reimagining health care and higher education to create unparalleled value. Jefferson is more than 65,000 people strong, dedicated to providing the highest-quality, compassionate clinical care for patients; making our communities healthier and stronger; preparing tomorrow's professional leaders for 21st-century careers; and creating new knowledge through basic/programmatic, clinical and applied research. Thomas Jefferson University, home of Sidney Kimmel Medical College, Jefferson College of Nursing, and the Kanbar College of Design, Engineering and Commerce, dates back to 1824 and today comprises 10 colleges and three schools offering 200 undergraduate and graduate programs to more than 8,300 students. Jefferson Health, nationally ranked as one of the top 15 not-for-profit health care systems in the country and the largest provider in the Philadelphia and Lehigh Valley areas, serves patients through millions of encounters each year at 32 hospitals campuses and more than 700 outpatient and urgent care locations throughout the region. Jefferson Health Plans is a not-for-profit managed health care organization providing a broad range of health coverage options in Pennsylvania and New Jersey for more than 35 years. Jefferson is committed to providing equal educational and employment opportunities for all persons without regard to age, race, color, religion, creed, sexual orientation, gender, gender identity, marital status, pregnancy, national origin, ancestry, citizenship, military status, veteran status, handicap or disability or any other protected group or status. Benefits At Jefferson, we offer a comprehensive total rewards package designed to support the health and well-being of our colleagues and their families. It includes a wide range of benefits including competitive pay, health and retirement benefits, life and disability insurance, paid time off, educational benefits, financial and mental health resources and much more. Our diverse benefits offerings ensure you have the coverage and access to services you need to thrive both personally and professionally. In keeping with Jefferson's Mission, We Improve Lives, it is our goal to recruit, retain, develop and reward highly-qualified employees. If you are enthusiastic, caring and dedicated to service excellence, we invite you to consider joining Jefferson. Jefferson encourages its employees to expand their knowledge and develop their careers through growth opportunities and continuing education. With a long standing history, Jefferson has been advancing the medical field from the heart of Center City Philadelphia for nearly 200 years. Our Mission, We Improve Lives, expands to every corner of the organization. From our weekly farmer’s market, to our new Jefferson Accelerator Zone for innovation, our employees’ passion for the community is evident by the daily gestures towards our patients, students and each other.
