Financial Analyst

POSITION SUMMARY

The Financial Analyst is responsible for assisting the CFO in the financial functions of running the business. Primary duties include reconciliation of prescription reimbursement from Primary and Secondary Insurances as well as patient co-pay collection, creation and distribution of Revenue Reports, Reversal Reports in adherence to contract requirements, collection of accounts receivable and the analysis of payor contracts. The Financial Analyst will work closely with cross-functional teams including sales, pharmacy, marketing and operations teams to provide reporting across disease states and within the local and regional designations. In addition, all audit requests and follow-up will be collected by the Financial Analyst for review by the CFO and Pharmacist(s) for submission to the Insurance Companies when requested. The Financial Analyst will look for ways to streamline and provide recommendations on WFCP with regards to the financial functions of the Company.

You will be responsible for the following:

• Reconciliation of Insurance Company reimbursement at an Rx level.
• Monthly and Quarterly Analysis to include but not limited to Business Reviews by Territory, disease state.
• Budget/Baseline creation and reporting on a weekly and/or monthly basis.
• Adherence and regulation of insurance contract specifics.
• Management of the Accounts Receivable.
• Financial Analysis to reduce costs, increase sales, and get better reimbursements.

ROLE AND KEY RESPONSIBILITIES

• Daily reconciliation of financial reimbursements from Insurance Companies, patient co-pays and the appropriate follow-up if necessary.
• Assistance in the establishment of monthly/quarterly expense budgets, sales targets and communicate the attainment to goal/baselines.
• Weekly compliance and monitoring of patient reversals for packages not picked up/delivered to ensure adherence to Insurance Contracts.
• Analysis and execution of new/future insurance contracts with PBMs as well as direct-from-manufacturer relationships.
• Management of the Accounts Receivable.
• Perform Financial Analysis to reduce costs, increase sales, and get better reimbursements.
• Demonstrate a high aptitude for learning and educating about specialty pharmacy across disease state business units with a forward-thinking attitude in pursuit of growing the business.
• Comply with all local, state and federal laws and other regulations; complies with all SOPs (standard operating procedures) and RARE's policies and regulations.
• Uphold all RARE established policies and procedures and the highest ethical standards.
• Other duties may be assigned.

JOB REQUIREMENTS:

• Must demonstrate excellent verbal and written communication skills; be customer focus; polite, friendly and have a confident manner; ability to effectively communicate and negotiate with customers.
• Highly motivated team player with a positive attitude and the ability to self-direct and prioritize.
• Degree from an accredited college/university (BA, BS or equivalent) degree in Business or Finance at a minimum.
• A minimum of 2-5 years Finance experience.
• Pharmaceutical, biotech, or specialty pharmacy industry experience a plus.
• Creative and customer focus with an attention to detail and results oriented; strong problem-solving skills; ability to manage multiple projects and meet tight timelines.
• Proficient use of Microsoft Office 365 (Word, Excel, PowerPoint, Outlook).

Pay: $60,000.00 - $65,000.00 per year

Benefits:

• 401(k)
• Health insurance

Work Location: In person