Senior 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 position is a hybrid role based out of our Minneapolis, MN office (in downtown Minneapolis). The current expectation is that we are in office two days each week (between Mon-Wed), with a requirement to be on-site four days approximately once per month.

Description

• This is a blended role, with both Accounting and FP&A duties. This role will have ownership of the accounting, forecasting and annual budgeting.  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.
• Will oversee headcount reconciliation for 600+ employees, ensuring accurate updates of sensitive information, including pay and bonus rates, while maintaining alignment across multiple systems (Hyperion, Oracle, ADP).

Accounting responsibilities

• Journal entries and M/E accruals and reclasses for assigned cost centers using Oracle
• Balance sheet account reconciliations
• Attention to detail and a basic understanding of accounting principles is important

FP&A responsibilities

• Work with business leaders and others to build quarterly forecasts and annual budgets for assigned cost centers using Hyperion
• Ongoing maintenance of assigned cost centers, including headcount roster details and other non-labor spend
• Monthly variance analysis of actuals vs forecast/budget for assigned cost centers
• Lead monthly meetings with business leaders for assigned cost centers, to review department performance against forecast/budget
• Work with confidential salary information to include maintenance of employee rosters of 600+ employees

Primary Systems/Tools

• Excel
• Oracle
• Hyperion
• Salesforce
• PowerBi
• ServiceNow
• GreatPlains

Job Requirements:

• Minimum of 3 years of experience in a financial analyst role;
• Minimum of 5 years of experience in a combination of finance an accounting roles;
• Experience from public company corporate finance roles or public company clients;
• Ability to partner with internal customers effectively;
• Expert Excel skills required (VBA experience is a plus);
• Prior Hyperion planning experience 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;
• Understanding of relevant ASC guidance for software industry;
• Desire to consistently exceed expectations and take on more responsibility;
• Experience with U.S. GAAP Financials is desired; 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 usually for training purposes.

 

Inovalon Offers a Competitive Salary and Benefits Package

In addition to the base compensation, this position may be eligible for performance-based incentives.

The actual base pay offered may vary depending on multiple factors including, but not limited to, job-related knowledge/skills, experience, business needs, geographical location, and internal equity.  At Inovalon, it is not typic