Health Finance Analyst

Hawaii Medical Service Association

  • Honolulu, HI
  • $57,629-88,159 per year
  • Permanent
  • Full-time
  • 17 days ago
Employment TypeFull-timeExempt or Non-ExemptExemptJob SummaryPay Range: $57,629 - $88,159Note: Individuals typically begin between the minimum to middle of the pay rangeThe Health Finance Analyst provides support in financial management, financial analysis, and financial forecasting for the Health Services Division ("HSD"), corporate tactical initiatives, subsidiary entities of HMSA, and other programs as directed by the Health Finance team. Programs are strategic and complex in scope. Tracks and consolidates the non-claims benefit expense projections and communicates with the appropriate stakeholders.Works collaboratively across company departments and divisions (especially health, finance, and analytics) to provide aggregation, analysis, and recommended action plans for HSD executives in actions and programs that they launch and operate.Coordinates financial and accounting support for all departments within HSD to streamline accountability and budgeting for all the departments and initiatives. Provides support in financial matters to the Chief Health Officer and the Senior Vice Presidents who run the various departments. Provides support and analysis in budget preparation for the entire health division, in addition to tracking and reporting to stay on budget during the year. Ensures that business plans and activities are tied to and reflected in financial reports.Minimum Qualifications
  • Bachelor's degree and three years of related work experience; or equivalent combination of education and related work experience.
  • Two years of experience with business process and data analysis functions.
  • Effective verbal and written communication skills
  • Demonstrated experience in communicating (oral and written) with management, providers, vendors, and other employees.
  • Professional interest in health policy or health care issues.
  • Basic working knowledge of Microsoft Office applications including but not limited to Word, and Outlook/Email.
  • Intermediate working knowledge of Microsoft Office applications including but not limited to PowerPoint.
  • Advanced working knowledge of Microsoft Office applications including but not limited to Excel.
Duties and Responsibilities
  • Tracks, monitors, and forecasts the non-claims benefit expense spending and projections. Under the direction of the manager or lead,
  • Meets with various department heads and business owners to gain insights on future contracts and initiatives. Understands the objectives/goals of these initiatives that are often strategic and complex in scope.
  • Collaborates with leaders in all Divisions to maintain bi-directional communication between Divisions.
  • Works closely with Financial Services and Corporate Analytics to track and load actual spending throughout the year.
  • Supports the rate filing and Medicare bid processes surrounding non-claims spending.
  • Assess feasibility and accuracy of financial projections.
  • Coordinates the operating budget process for the Health Services Division.
  • Monitors and tracks actual spending against budget throughout the year and meets with department heads to provide further analysis and support.
  • Monitors the vacancy rates and complement reports for the division as it relates to salaries expense.
  • Supports the corporate initiatives and projects surrounding HSD financial performance/impact, such as initiatives to mitigate medical and drug trend or managing cost of care spend.
  • Provides financial support to executives within HSD, specifically the Chief Health Officer, the SVP's of the various departments within HSD, and their designees.
  • Creates, operates, and provides accounting/reporting for new strategic programs and initiatives within HSD which require financial transactions and/or monetary exchange.
  • Performs all other miscellaneous responsibilities and duties as assigned or directed

Hawaii Medical Service Association