Job Summary:
The Financial Analyst I assists in the analysis for utilization and financial trends, costs, revenues, financial commitments and obligations incurred to predict future revenues and expenses.
Essential Functions:
-
Highly involved in the development, production, and validation of reports from detailed claims, eligibility, pharmacy and clinical data
-
Compile and analyze financial and clinical information, including but not limited to preparing the evaluation of medical contracts, product lines, generating and managing medical and administrative cost saving initiatives, etc.
-
Ensure integrity of information obtained for analysis; keep an up-to-date knowledge of the computer information system
-
Assist in the development of revenue & medical expense forecast and budget and monitor monthly variances to identify trends
-
Identify and research trends and patterns using standard departmental reports and databases, as well as leveraging other processes and data sources for data mining
-
Suggest appropriate improvements to internal analysis processes ensuring that practices are in line with the overall goals of the organization
-
Support the financial control environment by reconciling internal data sets vs information provided by the State (such as, reconcile enrollment files to reimbursement records, etc.)
-
Utilize key analysis experience and knowledge to analyze and report medical, contract and administrative activity
-
Make appropriate changes to ensure compliance with MAR, regulatory and other organization requirements
-
Perform any other job related instructions as requested
Education and Experience:
-
Bachelor of Science/Arts Degree in accounting, finance, economics, computer sciences or related field or equivalent years of relevant work experience is required
-
Previous experience in financial field is preferred
-
Managed care or healthcare experience is preferred
Competencies, Knowledge and Skills:
-
Knowledge of SQL and/or SAS is preferred, but not required
-
Highly proficient with Microsoft Excel
-
Proficient with Microsoft Office Suite, including Outlook, Power Point, Access and Word
-
Familiar with a variety of analysis concepts, practices and procedures
-
Perform a variety of tasks under general supervision
-
Creativity and latitude (independent judgment) is required
-
Ability to work with others and work independently
-
Demonstrates analytical/problem solving skills to perform a variety of tasks, some of which may be complicated
-
Possesses critical thinking/listening skills
-
Ability to communicate with all levels of management
-
Detail oriented
Licensure and Certification:
Working Conditions:
-
General office environment; may be required to sit or stand for extended periods of time
Compensation Range:
$54,500.00 - $87,300.00
CareSource takes into consideration a combination of a candidate’s education, training, and experience as well as the position’s scope and complexity, the discretion and latitude required for the role, and other external and internal data when establishing a salary level. In addition to base compensation, you may qualify for a bonus tied to company and individual performance. We are highly invested in every employee’s total well-being and offer a substantial and comprehensive total rewards package.
Compensation Type (hourly/salary):
Salary
Organization Level Competencies
#LI-EM1