- Analyzes and reviews monthly results for risk against annual plan and forecast projections and provide variance explanations/recommendations.
- Provides financial support in the completion of monthly Corporate reports.
- Prepares monthly financial summary on all risk clients, reporting the highlights on key financial indicators.
- Coordinates with Medical Economics, Operations, and Network to analyze utilization and unit cost trends, identifying areas of potential savings/efficiencies.
- Prepares in depth performance analysis on risk contracts, as assigned.
- Manages financial terms and coordinate all related activities such as rate openers and settlement of contingencies under each contract.
- Provides weekly status updates on current trends, initiatives, issues, and resolutions.
- Provides monthly financial analysis on medical cost reduction initiatives, coordinating with Operations on new initiatives or changes to existing ones.
- Provides financial support to Medical Economics for quarterly operations reporting.
- Prepares annual business plan and forecasts on medical costs for risk contracts.
- Summarizes P&L performance, outlining key assumptions.
- Other duties as assigned.
Finance Manager - Boise, United States - Magellan Health
Description
Must have:
Proficient Accounting expertise
Proficient in budget review process and forecast variances
Proficient in excel
Excellent critical thinking skills
Expertise in analysis
Manages and coordinates the company's financial function across sub-functions such as accounting, cost management, budgeting, finance, audit, credit, collections, and tax to meet company's business requirements. Works within corporate strategies and policy frameworks, designs, proposes and implements financial strategies, guidelines and procedures within broad principles and policies set by the organization to meet finance requirements supporting short and long-term business needs. Oversees maintenance of the organization's general ledger and related accounting practices. Oversees all company-wide budgeting, financial planning, control, and reporting policies and practices. Provides economic analyses, studies, and counsel on all matters of potentially significant financial impact to the company, including economic/competitive trends, pricing, cash flow, product line evaluation, and capital additions.
Responsibilities
Proficiency in all Microsoft Office products.
Advanced knowledge of Excel.
Strong presentation skills.
Expresses ideas, recommendations and solutions clearly, logically and concisely.
Prioritizes tasks effectively and has ability to work under tight deadlines in a highly dynamic environment.
Strong analytic skills.
Ability to develop and communicate analytic results to support business questions.
Demonstrated ability to work well with a broad range of internal customers.
General Job Information
Title
Finance Manager - Boise, ID (Onsite)
Grade
26
Work Experience - Required
Finance
Work Experience - Preferred
Education - Required
Bachelor's - Finance
Education - Preferred
Master's
License and Certifications - Required
License and Certifications - Preferred
CPA - Certified Public Accountant - Enterprise
Salary Range
Salary Minimum:
$70,715
Salary Maximum:
$113,145
This information reflects the anticipated base salary range for this position based on current national data. Minimums and maximums may vary based on location. Actual pay will be adjusted based on an individual's skills, experience, education, and other job-related factors permitted by law.
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.
Magellan Health, Inc. is proud to be an Equal Opportunity Employer and a Tobacco-free workplace. EOE/M/F/Vet/Disabled.
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.