Financial Analyst/Accountant

Inovalon was founded in 1998 on the belief that technology, and data specifically, would empower the transformation of the entire healthcare ecosystem for the better, improving both outcomes and economics. At Inovalon, we believe that when our customers are successful in their missions, healthcare improves. Therefore, we focus on empowering them with data-driven solutions. And the momentum is building.

Together, as ONE Inovalon, we are a united force delivering solutions that address healthcare’s greatest needs. Through our mission-based culture of inclusion and innovation, our organization brings value not just to our customers, but to the millions of patients and members they serve.

Location: This role is based in Minneapolis/St. Paul area (office is located in downtown Minneapolis). The current expectation is that we are in office two days each week, with extra additional days as required during the month. 

Overview:  The Financial Analyst is responsible for producing ad hoc financial and operational models to support management in decision making. You will be a critical member of the team that will partner with Inovalon’s business leaders to provide insights.

This is a blended role, with both FP&A and Accounting duties. This role will have ownership of the accounting, forecasting and annual budgeting cycle for assigned areas of responsibility (sales allowances, bad debt allowances, price increases, certain product lines, etc.) 

We are looking for someone who has attention to detail and a basic understanding of accounting principles, but can also take a step back and understand how the accounting impacts the overall financial results now and in the future.

Primary Systems/Tools used: Excel, Oracle, Hyperion. Others: Salesforce, Power BI

Duties and Responsibilities:

Accounting responsibilities:

*Journal entries, M/E accruals
*Balance sheet account reconciliations
*Attention to detail and a basic understanding of accounting principles

FP&A responsibilities:

*Work with business leaders and others to build quarterly forecasts and annual budgets
*Perform analysis against prior month, budget and forecast
Other ad-hoc requests and special projects work as needed.

Other responsibilities:

• Contribute to monthly processes, including long range planning, monthly budget and forecasting;
• Provide FP&A support and financial analysis across functional organizations;
• Assist in developing the forecasting models for various departments;
• Prepare accurate, timely and monthly, quarterly, and annual variance reporting to departments;
• Document and/or building simulations and perform analyses;
• Run simulations on various “what-if” scenarios using insight and critical thinking to evaluate and recommend solutions; - Articulate findings on a regular basis to management;
• Provide FP&A ad hoc analyses as needed;
• Maintain compliance with Inovalon’s policies, procedures and mission statement;
• Adhere to all confidentiality and HIPAA requirements as outlined within Inovalon’s Operating Policies and Procedures in all ways and at all times with respect to any aspect of the data handled or services rendered in the undertaking of the position; and
• Fulfill those responsibilities and/or duties that may be reasonably provided by Inovalon for the purpose of achieving operational and financial success of the Company.
  
  

Job Requirements:

• Minimum of 2 years of experience in an analytic/data analysis;
• Public accounting experience preferred;
• Track record of supporting large departments (400+ employees);
• Ability to partner with internal customers effectively;
• Advanced Excel skills required;
• Strong analytical and problem-solving skills with strong attention to detail;
• Ability to create models that provide “what if” capabilities;
• Understanding of US GAAP, quarterly earnings process and public company audit; and
• Must be very detail oriented and self-motivated, as this position generally requires employees to work independently.|

Education:

• Bachelor’s Degree in Business Administration, Finance or Accounting.

Physical Demands and Work Environment:

• Sedentary work (i.e. sitting for long periods of time);
• Exerting up to 10 pounds of force occasionally and/or negligible amount of force;
• Frequently or constantly to lift, carry push, pull or otherwise move objects and repetitive motions;
• Subject to inside environmental conditions; and
• Travel for this position will include less than 5% locally u