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Financial Consultant

3 months ago

Marquand, Missouri, United States Milliman Ireland Full time
Financial Consultant – Indianapolis Health (Remote)

Job Category

:

Consultant (Non-Actuarial)
Requisition Number

:

FINAN008477
Apply now
Posted :

May 22, 2024
Full-Time
Remote
Locations

Showing 1 location
13-Indianapolis
Indianapolis, IN 46204, USA

Description

Overview
Milliman is seeking a

Financial Consultant

to join our growing health practice.

This consultant is responsible for leading cost/expense reporting and projects for healthcare and human service entities, including state Medicaid agencies, managed care organizations, healthcare providers, and child welfare organizations.

This consultant will focus on cost reporting and rate setting, managing client-facing deliverables, performing program research and design, and implementing data collection solutions with appropriate documentation.

The ideal candidate has experience categorizing utilization, service expense, revenue, and administrative expenses across a variety of types of services, lines of business, and rate cohorts.

Our team works within a matrix environment, collaborating with seasoned consultants on a variety of financial reporting projects. This position provides excellent opportunities for professional development and advancement.
Valuable skillsets, or transferrable skills, that the hiring team is looking for may include:

Experience with Medicaid managed care, statutory accounting, and insurer administrative cost structure
Experience in a client facing, analytical consulting role
In-house internal auditing at a health plan, healthcare provider, or State agency
External auditing at professional services firm
Professional experience working for, or with, any the following:

Providers, health insurers, state Medicaid agencies, or child welfare organizations
Accounting/financial statements and managerial/cost accounting for healthcare entities
Financial reporting and analytics for a managed care organization
Medicaid funding flows, quarterly Medicaid statement of expenditures (CMS-64) forms from a state agency prospective
Nursing home, CCBHC, or other type of healthcare provider cost report compilation and/or review for provider rate setting purposes
Medicare cost reporting

Responsibilities

In this role, you will:
Design data collection tools and documentation for third-party entities serving health and human service agencies to use to submit cost and financial information
Utilize subject matter expertise to evaluate cost and other financial reports for compliance to provided instructions and applicable regulatory guidance
Review and provide feedback on reconciliations of cost reports relative to a general ledger, encounter data, and/or audited financial statements
Use tools to develop processes and implement procedures for gathering, categorizing, and allocating claim and financial data
Tools may include data warehouse tables, encounter data, client financial templates, and ad-hoc reports
Research available regulations and guidance to determine and communicate potential impacts to stakeholders both internally and externally
Prepare reports and emails to communicate methodology and results to both internal stakeholders and client contacts
Mentor less experienced colleagues by providing technical support and encouragement
Identify areas for improvement and implement processes to improve workflow
Perform ad-hoc reconciliations and work on special projects
Ensure quality assurance and peer review are completed on all client deliverables
Qualifications
Familiarity with insurance concepts, such as, reserving and premium rate setting
Proven ability to conduct financial analysis using Excel and proprietary reporting tools
Knowledge of health economics concepts, such as, medical loss ratio, underwriting margin, cost and utilization metrics
Basic knowledge of SQL, Python, or other coding skills
Effective time management skills with the ability to prioritize, multi-task, and perform effectively in a fast paced, deadline driven environment
Critical thinking skills, problem-solving capabilities, and demonstrated learning agility
Strong project management and organizational skills, including, attention to detail
Comfortable working within a team environment and independently managing own work
Ability to effectively communicate technical information and concepts, both verbally and in writing, to internal and external audiences
Strong written and verbal communication skills
Competent critical thinker and problem-solver with demonstrated learning agility
Demonstrated experience leading teams or projects with the desire to take on a leadership role in the future
Inspired to perform well by the ability to contribute to the success of a project or the organization
Required
Bachelor's degree with a major in accounting, finance, business management, or another relevant field of study
Five or more years of professional experience in financial analytics, cost accounting/reporting, or related experience at a healthcare or human service entity
Advanced proficiency using Microsoft Excel for financial analysis
Preferred
Master's degree in Business Administration, Accountancy, Public Health, Health Administration or related
Active Certified Public Accountant (CPA) or Certified Management Accountant (CMA) license
The Team
The Indianapolis Health Practice is strategically structured to serve state Medicaid agencies and other health and human services agencies.

The Financial Reporting team works in close collaboration with professionals from our core state Medicaid teams to best serve each of our clients' unique needs.

Our dynamic team of finance consultants, accounting professionals, and analysts serve our clients by providing regulatory and contractual financial reporting support, in addition to, reviewing the quality and accuracy of the Medicaid managed care data and financial information.


As a member of this team, you will observe how we provide comprehensive consulting services which span from many different disciplines and backgrounds including actuarial, policy, finance, pharmacy, and data management, all working together for a common goal to best serve our clients' needs.

Location

This role is based out of the Milliman office in Indianapolis, IN but candidates hired into this role may work remotely anywhere in the US.

Candidates hired into this role may work onsite in select Milliman office locations, if they prefer.
Compensation

The salary range for this role is $107,000 to $217,000, depending on a combination of factors, including, but not limited to, education, relevant work experience, qualifications, skills, certifications, location, etc.

At Milliman, we focus on creating an environment that recognizes – and meets – the personal and professional needs of the individual and their family.

We offer competitive benefits which include the following based on plan eligibility:

Medical, dental and vision coverage for employees and their dependents, including domestic partners
A 401(k) plan with matching program, and profit sharing contribution
Employee Assistance Program (EAP)
A discretionary bonus program
Paid Time Off (PTO) starts accruing on the first day of work and can be used for any reason; full-time employees will accrue 15 days of PTO per year, and employees working less than a full-time schedule will accrue PTO at a prorated amount based on hours worked
Family building benefits, including adoption and fertility assistance and paid parental leave up to 12 weeks for employees who have worked for Milliman for at least 12 months and have worked at least 1,250 hours in the preceding 12-month period
A minimum of 8 paid holidays
Milliman covers 100% of the premiums for life insurance, AD&D, and both short-term and long-term disability coverage
Flexible spending accounts allow employees to set aside pre-tax dollars to pay for dependent care, transportation, and applicable medical needs
Who We Are
Independent for 75 years, Milliman delivers market-leading services and solutions to clients worldwide.

Today, we are helping companies take on some of the world's most critical and complex issues, including retirement funding and healthcare financing, risk management and regulatory compliance, data analytics and business transformation.

Milliman invests in skills training and career development, and gives all employees access to a variety of learning and mentoring opportunities.

Our growing number of Milliman Employee Resource Groups (ERG's) are employee-led communities that influence policy decisions, develop future leaders, and amplify the voices of their constituents.

We encourage our employees to give back to their varied professions, including leadership in professional organizations. Please visit our web site ) to learn more about Milliman's commitments to our people, diversity and inclusion, social impact and sustainability.

Through a team of professionals ranging from actuaries to clinicians, technology specialists to plan administrators, we offer unparalleled expertise in employee benefits, investment consulting, healthcare, life insurance and financial services, and property and casualty insurance.

The expected application deadline for this job is July 31, 2024.

All qualified applicants will receive consideration for employment, without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Qualifications

Education

Required

Bachelors or better.
Preferred

Masters or better.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant.

However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information.

41 CFR c)

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