Senior Financial Analyst – Regulatory Reporting & Healthcare Finance (Remote)
Molina Healthcare · United States
- Hybrid
- Full-time
- $86,000 / year
- United States
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Job highlights
- Analyze financial data for Kentucky Health Plan.
- Forecast medical/pharmacy expenses and trends.
- Oversee financial transactions and provider payments.
- Manage escrow accounting and state reporting.
- Develop finance policies and procedures.
About the role
Senior Financial Analyst – Regulatory Reporting & Healthcare Finance (Remote)
Job Summary
Provides senior level analyst support for finance activities including financial analysis, reporting, forecasting, trending and modeling to support planning for future business decisions for the Kentucky Health Plan.
Essential Job Duties
- Gathers, interprets and evaluates financial information, generating forecasts, and analyzing trends in medical/pharmacy expenses.
- Research and provide pharmacy trends in specialty areas and new emerging drugs.
- Oversight of various financial transactions and processing monthly and quarterly directed and pass-through payments, Oversight for all provider escrow accounting including state reporting, escrow creation and releases, internal reporting.
- Creation and oversight of various purchase requestion payments.
- Review of general and administrative costs to ensure consistency with budgeting and recommendations involving updates to forecast.
- Preparation of the annual quality survey for the Kentucky health plan.
- Develops policies and procedures to support finance activities.
Required Qualifications
- At least 3 years of finance experience, or equivalent combination of relevant education and experience.
- Bachelor’s degree in finance or related field or equivalent combination of education and experience.
- Strong critical-thinking and attention to detail.
- Ability to effectively collaborate with technical and non-technical stakeholders.
- Strong time-management skills, and ability to manage simultaneous projects and tasks to meet internal deadlines.
- Effective verbal and written communication skills.
- Proficient in Microsoft Office suite products, including key skills in Excel (VLOOKUPs and pivot tables), and applicable software program(s) proficiency.
Preferred Qualifications
- Effective and efficient use of SQL for data extraction and analysis.
To all current Molina employees: If you are interested in applying for this position, please apply through the Internal Job Board.
Molina Healthcare offers a competitive benefits and compensation package. Molina Healthcare is an Equal Opportunity Employer (EOE) M/F/D/VPay Range: $54,373.27 - $117,808.76 / ANNUAL
Actual compensation may vary from posting based on geographic location, work experience, education and/or skill level.
Key skills/competency
- Financial Analysis
- Regulatory Reporting
- Healthcare Finance
- Forecasting
- Trend Analysis
- Financial Modeling
- Provider Escrow Accounting
- Budgeting
- Microsoft Excel
- SQL
Skills & topics
- Senior Financial Analyst
- Financial Analysis
- Regulatory Reporting
- Healthcare Finance
- Forecasting
- Trend Analysis
- Financial Modeling
- Provider Payments
- Escrow Accounting
- Molina Healthcare
How to get hired
- Tailor your resume: Highlight your 3+ years of finance experience, Bachelor's degree, and specific skills like Excel, VLOOKUPs, pivot tables, and regulatory reporting.
- Showcase critical thinking: Emphasize your attention to detail and ability to interpret complex financial data in your application and during interviews.
- Demonstrate collaboration: Provide examples of how you've worked effectively with both technical and non-technical stakeholders.
- Prepare for technical questions: Be ready to discuss your proficiency with Microsoft Office Suite, especially Excel, and any experience with SQL for data analysis.
- Highlight time management: Showcase your ability to manage multiple projects simultaneously and meet internal deadlines, crucial for this remote role.
Technical preparation
Master Excel: VLOOKUPs, pivot tables, and data analysis.,Practice SQL for data extraction and analysis.,Familiarize with financial reporting software.,Understand healthcare finance concepts.
Behavioral questions
Describe a complex financial analysis you performed.,How do you ensure accuracy in your work?,Tell me about collaborating with non-technical teams.,How do you manage competing project deadlines?
Frequently asked questions
- What are the key responsibilities of a Senior Financial Analyst at Molina Healthcare?
- As a Senior Financial Analyst at Molina Healthcare, you'll be responsible for financial analysis, reporting, forecasting, and trend analysis, specifically focusing on the Kentucky Health Plan. This includes analyzing medical/pharmacy expenses, managing provider escrow accounting, reviewing general and administrative costs, and preparing annual quality surveys. You'll also be involved in developing finance policies and procedures.
- What qualifications are essential for the Senior Financial Analyst role at Molina Healthcare?
- Essential qualifications include at least 3 years of finance experience, a Bachelor's degree in finance or a related field, strong critical-thinking and attention to detail, and the ability to collaborate with diverse stakeholders. Excellent time-management and communication skills, along with proficiency in Microsoft Office Suite (Excel VLOOKUPs, pivot tables), are also required.
- Is SQL experience required for the Senior Financial Analyst position at Molina Healthcare?
- While not strictly required, effective and efficient use of SQL for data extraction and analysis is a preferred qualification for the Senior Financial Analyst role. It can significantly enhance your ability to perform data analysis tasks effectively.
- What is the work arrangement for this Senior Financial Analyst position?
- This Senior Financial Analyst position is a remote role, allowing you to work from home. Molina Healthcare offers a competitive benefits and compensation package for remote employees.
- How does Molina Healthcare approach compensation for the Senior Financial Analyst role?
- Molina Healthcare offers a competitive compensation package for the Senior Financial Analyst role, with a posted pay range of $54,373.27 - $117,808.76 annually. The actual compensation will depend on factors such as geographic location, work experience, and education level.
- What kind of financial analysis is expected from a Senior Financial Analyst at Molina Healthcare?
- You will perform various financial analyses, including forecasting, trending medical/pharmacy expenses, analyzing specialty pharmacy trends and new drugs, and reviewing general and administrative costs against budgets. This role supports critical business decisions for the Kentucky Health Plan.
- Can internal candidates apply for this Senior Financial Analyst role at Molina Healthcare?