Senior Financial Analyst - Indianapolis Health

Overview

Milliman is seeking a Senior Financial Analyst to join our growing health practice. This analyst is responsible for managing tasks related to cost/expense reporting and projects for healthcare and human service entities, including state Medicaid agencies, managed care organizations, healthcare providers, and child welfare organizations. This analyst will focus on cost reporting and rate setting, assisting with client-facing deliverables, performing research, and implementing data collection solutions with appropriate documentation. The ideal candidate has experience categorizing utilization, service expense, revenue, and administrative expenses across a variety of types of services, lines of business, and rate cohorts. Our team works within a matrix environment, collaborating with seasoned consultants on a variety of financial reporting projects. This position provides excellent opportunities for professional development and advancement.

Valuable skillsets, or transferrable skills, that the hiring team is looking for may include:

• Experience with Medicaid managed care, statutory accounting, and insurer administrative cost structure
• Experience in a client facing, analytical consulting role
• In-house internal auditing at a health plan, healthcare provider, or State agency
• External auditing at professional services firm
• Professional experience working for, or with, any the following:
  • Providers, health insurers, state Medicaid agencies, or child welfare organizations
  • Accounting/financial statements and managerial/cost accounting for healthcare entities
  • Financial reporting and analytics for a managed care organization
  • Medicaid funding flows, quarterly Medicaid statement of expenditures (CMS-64) forms from a state agency prospective
  • Nursing home, CCBHC, or other type of healthcare provider cost report compilation and/or review for provider rate setting purposes
  • Medicare cost reporting

Responsibilities

In this role, you will:

• Develop and maintain data collection tools and documentation for third-party entities serving health and human service agencies to use to submit cost and financial information
• Collect, review, and provide feedback on cost and other financial reports submitted by third-party entities serving health and human service agencies
• Review and provide feedback on reconciliations of cost reports relative to a general ledger, encounter data, and/or audited financial statements
• Research available regulations and guidance to determine and communicate potential impacts to stakeholders both internally and externally
• Prepare reports and emails to communicate methodology and results to both internal stakeholders and client contacts
• Mentor less experienced colleagues by providing technical support and encouragement
• Identify areas for improvement and implement processes to improve workflow
• Perform ad-hoc reconciliations and work on special projects
• Follow quality assurance guidelines and provide peer review on a variety of client deliverables

Qualifications

• Familiarity with insurance concepts, such as, reserving and premium rate setting
• Knowledge of accounting/financial statements and managerial/cost accounting for healthcare entities
• Proven ability to conduct financial analysis using Excel and proprietary reporting tools
• Knowledge of health economics concepts, such as, medical loss ratio, underwriting margin, cost and utilization metrics
• Basic knowledge of SQL, Python, or other coding skills
• Effective time management skills with the ability to prioritize, multi-task, and perform effectively in a fast paced, deadline driven environment
• Critical thinking skills, problem-solving capabilities, and demonstrated learning agility
• Project management and organizational skills, including, attention to detail
• Able to work effectively within a team environment and independently managing own work
• Ability to effectively communicate technical information and concepts, both verbally and in writing, to internal and external audiences
• Strong written and verbal communication skills
• Desire to take on a leadership and supervisory role in the future
• Inspired to perform well by the ability to contribute to the success of a project or the organization

Required

• Bachelor’s degree with a major in accounting, finance, business management, or another relevant field of study
• Four or more years of professional experience in financial analytics, cost accounting/reporting, or related experience at a healthcare or human service entity
• Advanced profici