Senior Financial Analyst

1 week ago


Smithfield, Rhode Island, United States Neighborhood Health Plan of RI Full time
Job Overview Employment Type: Full Time Required Education: Bachelor's Degree Travel Requirements: Minimal Work Schedule: Daytime Category: Professional / Experienced Position Summary

The Senior Financial Analyst at Neighborhood Health Plan of Rhode Island will utilize the organization's financial systems, including the general ledger, to conduct thorough revenue reconciliation and analysis. This role involves regular interaction with key stakeholders to ensure accurate member-level information across various departments and external entities.

Key Responsibilities:

  • Ensure the precision of revenue from external sources, including state agencies and federal programs.
  • Gain a comprehensive understanding of new rate contracts and perform comparative rate analysis.
  • Collaborate with Enrollment to reconcile member-level data that affects revenue recognition.
  • Engage with Medical Management to address member-level data reconciliation impacting revenue.
  • Act as the Revenue Lead during audits, liaising with external auditors.
  • Oversee the preparation of budgets and quarterly forecasts, inputting all revenue modifications into Oracle EPM.
  • Assist in quarterly revenue reporting to state agencies and actuarial firms.
  • Compile the monthly revenue reporting package.
  • Revise and update policies and procedures as necessary.
  • Lead and participate in team projects as assigned.
  • Adhere to the Corporate Compliance Program and all relevant regulations and policies.

This position is hybrid, requiring four days in the office and one day working remotely, with minimal travel requirements.

Qualifications

Essential Qualifications: A Bachelor's degree in Business Administration, Finance, Accounting, or a related analytical discipline, along with at least one year of experience in financial analysis.

Additional Skills: (I) Experience in finance and audit analysis, particularly within the healthcare or insurance sectors; (II) Proven ability in financial modeling, budgeting, forecasting, variance analysis, and performance metrics; (III) Understanding of revenue flow across business lines and financial statement preparation; (IV) Proficiency in Excel, general ledger software, and analytic tools such as SQL, SAS, Tableau, or Cognos; (V) Strong critical thinking, analytical, and problem-solving capabilities; (VI) Excellent verbal and written communication skills.

Applications are accepted via resume only. Equal Opportunity Employer.



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