JOB SUMMARY
This role drives financial insights and supports strategic decision-making within the Health Plan FP&A team. The Lead Financial Analyst will be responsible for complex financial modeling, scenario planning, variance analysis, and standard reporting contributing to the overall financial health and strategic direction of the organization.
ESSENTIAL RESPONSIBILITIES
- Conduct in-depth financial analysis, including trend and variance analysis, to identify opportunities for improvement and inform strategic decision-making and preparation of forecasts.
- Develop and maintain complex financial models to simulate various business scenarios and assess the financial impact of strategic initiatives.
- Present financial insights and recommendations to management, influencing key business decisions with actionable insights.
- Collaborate with cross-functional teams, as well as colleagues across different geographic locations, to conduct financial and business related analyses and research
- Standardize and streamline forecasting, reporting, and analysis processes, identifying automation and system improvement opportunities to increase accuracy and scalability.
- Lead and document financial analysis projects including the preparation of ad hoc reports; to include but not limited to; gathering of data, analysis, documentation of findings, and calculation of results and generation of reports for distribution.
- Complete schedules, enterprise reporting, and board materials for affiliates, third parties, and management as required.
QUALIFICATIONS
Minimum
- Bachelor’s Degree or relevant experience and/or education as determined by the company in lieu of bachelor's degree
- 7-10 years of related progress experience in Accounting and/or Finance including experience in leading projects of varying size and complexity
- Experience with various computer applications to include MS Excel and/or MS Access
Preferred
- MBA or Master's degree in Finance, Economics, Accounting or a related field
- Proficiency with financial planning systems (e.g., Oracle / Hyperion) and advanced Excel skills
- Experience with data visualization tools (e.g., Power BI)
- Healthcare industry experience
Skills
- Strong written and oral communication skills
- Ability to thrive in a collaborative, cross-functional environment
- Client focused with strong business acumen
- Self-starter with the ability to work under pressure independently and as part of a team
- Brings strong attention to detail and analytical rigor and a demonstrated ability to translate complex financial data into actionable insights
Language (Other than English):
None
Travel Requirement:
0% - 25%
PHYSICAL, MENTAL DEMANDS and WORKING CONDITIONS
Position Type
Office-based
Teaches / trains others regularly
Occasionally
Travel regularly from the office to various work sites or from site-to-site
Rarely
Works primarily out-of-the office selling products/services (sales employees)
Never
Physical work site required
Yes
Lifting: up to 10 pounds
Constantly
Lifting: 10 to 25 pounds
Occasionally
Lifting: 25 to 50 pounds
Rarely
Disclaimer: The job description has been designed to indicate the general nature and essential duties and responsibilities of work performed by employees within this job title. It may not contain a comprehensive inventory of all duties, responsibilities, and qualifications required of employees to do this job.
Compliance Requirement: This job adheres to the ethical and legal standards and behavioral expectations as set forth in the code of business conduct and company policies.
As a component of job responsibilities, employees may have access to covered information, cardholder data, or other confidential customer information that must be protected at all times. In connection with this, all employees must comply with both the Health Insurance Portability Accountability Act of 1996 (HIPAA) as described in the Notice of Privacy Practices and Privacy Policies and Procedures as well as all data security guidelines established within the Company’s Handbook of Privacy Policies and Practices and Information Security Policy.
Furthermore, it is every employee’s responsibility to comply with the company’s Code of Business Conduct. This includes but is not limited to adherence to applicable federal and state laws, rules, and regulations as well as company policies and training requirements.
Pay Range Minimum:
$67,500.00Pay Range Maximum:
$126,000.00Base pay is determined by a variety of factors including a candidate’s qualifications, experience, and expected contributions, as well as internal peer equity, market, and business considerations. The displayed salary range does not reflect any geographic differential Highmark may apply for certain locations based upon comparative markets.
Highmark Health and its affiliates prohibit discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities and prohibit discrimination against all individuals based on any category protected by applicable federal, state, or local law.
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What We Do
Highmark Health, a Pittsburgh, PA based enterprise that employs more than 40,000 people who serve millions of Americans across the country, is the second largest integrated health care delivery and financing network in the nation based on revenue. Highmark Health is the parent company of Highmark Inc., Allegheny Health Network, and HM Health Solutions. Highmark Inc. and its subsidiaries and affiliates provide health insurance to nearly 5 million members in Pennsylvania, West Virginia and Delaware as well as dental insurance, vision care and related health products through a national network of diversified businesses that include United Concordia Companies, HM Insurance Group, and Visionworks. Allegheny Health Network is the parent company of an integrated delivery network that includes eight hospitals, more than 2,800 affiliated physicians, ambulatory surgery centers, an employed physician organization, home and community-based health services, a research institute, a group purchasing organization, and health and wellness pavilions in western Pennsylvania. HM Health Solutions focuses on meeting the information technology platform and other business needs of the Highmark Health enterprise as well as unaffiliated health insurance plans by providing proven business processes, expert knowledge and integrated cloud-based platforms.
A national blended health organization, Highmark Health and our leading businesses support millions of customers with products, services and solutions closely aligned to our mission of creating remarkable health experiences, freeing people to be their best.
Headquartered in Pittsburgh, we're regionally focused in Pennsylvania, Delaware, West Virginia and New York, with customers in all 50 states and the District of Columbia.
We passionately serve individual consumers and fellow businesses alike. Our companies cover a diversified spectrum of essential health-related needs, including health insurance, health care delivery, population health management, dental solutions, reinsurance solutions, and innovative technology solutions.
We’re also proud to carry forth an important legacy of compassionate care and philanthropy that began more than 170 years ago. This tradition of giving back, reinvesting and ensuring that our communities remain strong and healthy is deeply embedded in our culture, informing our decisions every day.
