Senior Financial Planning Analyst

Company: Point32Health
Location: Halifax
Posted on: May 24, 2023

Job Description:

The Senior Financial Planning Analyst serves as the key financial support person to a subset of all enterprise functional areas. Total administrative cost for these areas is $400M + and includes: Operations, Information Technology, HealthCare Services and all other non-business line administrative areas. The position will report to the Manager of Corporate Finance and provides business partner support and analysis. Assist with the annual expense planning and bi-annual expense forecasting activities for all corporate shared service functional administrative costs. Conduct monthly expense reviews with leadership and act as the Finance partner for all financial matters.Key Responsibilities/Duties - what you will be doingBudget Management

• Execute the F1, F2 and annual forecasting processes and continue to assess for areas for enhancement
• Produce standardized reporting processes across all administrative areas (departmental and executive)
• Manage monthly budgets in order to conduct monthly expense reviews with leadership
• Assist in developing materials for monthly meetings with Vice Presidents and Directors throughout the organization
• Build out monthly budgets to include cost drivers to drive a more accurate allocation that reflects business reality
• Identify and track monthly expense accrual and coordinate with AP and the accounting team
• Assist with verification of Enterprise Cost Management initiatives
• Enhance capital requesting, approving and reporting processes
• Document financial processesInvoice Management
  • Serve as the primary financial contact for the areas of responsibility
  • Own the ongoing tracking and reporting of invoices and Purchase Orders
  • Support the contracting and invoicing process (tracking, recording, reviewing to contract terms, obtain payment approvals, etc.)
  • Enhance/ streamline the process
  • Note: Once a budget tool is in place, invoice management will merge with the budget management processFinancial Analysis
    • Assist with ad hoc financial analysis projects as assigned
    • Types of projects may include (membership shifts, system consolidation, impacts of automation, etc.)
    • Support Manager of Corporate Finance through Regulatory reporting and benchmarking exercisesService ExcellenceDemonstrate best in class business behaviors
      • Collaboration - Partner with Finance team and business partners to achieve results. Act as one team to ensure work is completed. Always ask how you can help with a constant focus on proactive behavior. Treat business partners as clients with a focus on returning phone calls and emails timely, setting up meetings to discuss critical topics, sharing processes before executing and allowing ample time to review draft documents. Err on the side of over communicating.
      • Business Knowledge - Demonstrate an understanding of business operations with the goal of becoming the spokesperson for your areas of responsibility.
      • Critical Thinking - Constructively challenge decisions and process to ensure optimal decision making and performance. Focus on identifying process efficiencies, improving message and enabling ease of understanding. Qualifications - what you need to perform the jobEDUCATION:
        • Bachelor's degree in Finance, Accounting or Business - required
        • Advanced degree preferred (MBA or Masters) - preferred
        • Professional license (e.g., CPA, CIA, etc.) - preferredEXPERIENCE:
          • Minimum 3-5 years related business experience with finance, operations and process understanding required
          • Healthcare Industry experience a plusSKILL REQUIREMENTS:
            • Proficient in budget management and techniques
            • Proficient in using financial systems (e.g., IBM Cognos) and modelling tools
            • Advanced Excel skills
            • Ability to manage to deadlines and shifting priorities
            • Project management and organizational skills
            • Ability to implement new processes (comfortable working in white space)
            • Analytical Skills: ability to synthesize and organize information for meaningful use and action
            • Proven oral and written communication skills
            • Strong relationship building and leadership skills to influence work and collaboratively across all levels of employees, management and cross-functionally
            • Understanding of technology/ operations related to Tufts Health Plan systems
            • Strategic thinking skills; ability to draw meaningful insights and identify business implications
            • Detail orientedWORKING CONDITIONS AND ADDITIONAL REQUIREMENTS:
              • Fast paced office environment handling multiple demands.
              • Professional business environment within Point32Health offices.
              • Minimal activity outside at external sites.CONFIDENTIAL DATA: All information (written, verbal, electronic, etc.) that an employee encounters while working at Tufts Health Plan is considered confidential. Exposed to and required to deal with highly confidential and sensitive material and must adhere to corporate compliance policy, department guidelines/policies and all applicable laws and regulations at all times.Commitment to Diversity, Equity & InclusionPoint32Health is committed to making diversity, equity, and inclusion part of everything we do-from product design to the workforce driving that innovation. Our DEI strategy is deeply connected to our core values and will evolve as the changing nature of work shifts. Programming, events, and an inclusion infrastructure play a role in how we spread cultural awareness, train people leaders on engaging with their teams and provide parameters on how to recruit and retain talented and dynamic talent. We welcome all applicants and qualified individuals, who will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.About the CompanyPoint32Health is a leading health and wellbeing organization, delivering an ever-better personalized health care experience to everyone in our communities. At Point32Health, we are building on the quality, nonprofit heritage of our founding organizations, Tufts Health Plan and Harvard Pilgrim Health Care, where we leverage our experience and expertise to help people find their version of healthier living through a broad range of health plans and tools that make navigating health and wellbeing easier.We enjoy the important work we do every day in service to our members, partners, colleagues and communities.This job has been posted by TalentBoost on behalf of Point32Health. TalentBoost is committed to the fundamental principle of equal opportunity and equal treatment for every prospective and current employee. It is the policy of TalentBoost not to discriminate based on race, color, national or ethnic origin, ancestry, age, religion, creed, disability, sex and gender, sexual orientation, gender identity and/or expression, military or veteran status, or any other characteristic protected under applicable federal, state or local law.Req ID: R5809

Keywords: Point32Health, Brockton , Senior Financial Planning Analyst, Professions , Halifax, Massachusetts