Sr. Financial Planning Analyst - FP&A

Company Description

Why Wellmark: We are a mutual insurance company owned by our policy holders across Iowa and South Dakota, and we’ve built our reputation on over 80 years’ worth of trust. We are not motivated by profits. We are motivated by the well-being of our friends, family, and neighbors–our members. If you’re passionate about joining an organization working hard to put its members first, to provide best-in-class service, and one that is committed to sustainability and innovation, consider applying today! 

Learn more about our unique benefit offerings here. 

Want to know more? You can learn about life at Wellmark here.

Job Description

High profile analyst that supports the design, planning, implementation, and monitoring of the budget and forecast process of the performance of the organization, which is achieved through advanced analysis of financial and budget data and working in conjunction with leadership and business partners. Provides consultative recommendations in support of strategic financial plan goals and objectives. Participates in cross‐ functional teams and provides analysis for forward‐looking financial and business‐related projects which requires a strong analytical mindset, advanced financial modeling skills, and a deep understanding of health insurance.

Qualifications

Required:

• Bachelor’s degree in accounting or related field or direct and applicable work experience.
• 5+ years of experience in accounting/finance field managing budgets, forecasting, financial and metrics reporting.
• Strong analytical skills and problem-solving ability with a proven record of independent problem identification and resolution skills.
• Strong people skills with the ability to build relationships of collaboration and trust; experience working with and actively protecting confidential information and data.
• Strong ability with performing analysis and making data driven recommendations to all levels of management.
• Ability to perform, document and guide others through a series of related steps.
• Demonstrated ability to work under pressure and meet timelines and accuracy guidelines.
• Ability to collaborate and consult with internal stakeholders to identify reporting objectives and develop reports and analyses to meet their needs as well as provide advice and counsel using strong business knowledge and perspective.
• Ability to analyze and interpret financial data to produce accurate reports. Ability to take insights from data and create executive reports and summaries that are easily understood.
• Demonstrated ability to communicate effectively, verbally and in writing, expressing complex concepts clearly and concisely.
• Ability to work independently and cooperatively in teams, maintaining positive relationships with customers.
• Strong technical skills to track, report, and analyze data, with the ability to learn new systems quickly. Proficient with financial software and ERP systems.

Preferred:

• Bachelor’s degree in accounting or related field.
• Certified Public Accountant (CPA).
• Prior experience in business, financial services, or insurance industry.
• Experience with Workday, Adaptive, or other data analysis and visualization tools.

Additional Information

a. Financial Planning: Serve in a highly visible position that provides advanced integrated comprehensive reporting, consultation, and financial expertise to drive actionable information to stakeholders while adhering to established accounting standards. Partner with leadership and designated staff in assigned business areas to understand business needs, establish and monitor forecasts and budgets, and facilitate changes in forecast and budgets on an ongoing basis. This includes the entire budget and forecasting process (revenue, benefit expense, operating expenses, etc.).

b. Financial Analysis: Analyze financial data to identify trends, variances, and opportunities for cost savings or revenue enhancement. Prepare comprehensive reports for senior management. Communicate the results of analysis to a wide-ranging audience on a regular basis.

c. Financial Modeling and Scenarios: Develop and maintain complex financial models to support strategic initiatives, business case evaluations, and investment analysis. Create scenarios based on the results of the modeling through analysis of assumptions and probability of outcomes.

d. Business Value Realization/ROI: Strategic partner based on value: Collaborate with leadership to develop long-term strategic financial plans, providing financial insights and recommendations to support organizational growth and profitabili