Quest Diagnostics
Sr. Financial Analyst, Health Plan Finance (Hybrid)
Quest Diagnostics, Secaucus, New Jersey, us, 07094
The Sr. Financial Analyst supports the financial results and strategic initiatives tied to Health Plan performance, providing consulting and recommendations to insure growth and profitability of third-party payors. Towards this goal, works closely with Health Plan Sales, Regional Finance, Revenue Recognition, and Regional Analytics. Partners with representatives of the Health Plan sales organization on analyses to drive strategic decision making and long-term growth.
Responsible for the Pre-Close process to consolidate updates on current negotiations and price impacts vs. budget, including review with direct report and other team members on accuracy and completenessLead HPP&A on Regional Finance Analytics Pre-Close call to coordinate with Revenue Recognition and Regional FinanceDrive the annual AOP process focused on Pricing Plan of Record and revenue growth budget. Actions including compiling relevant impacts, leading reviews among the team and with regional Health Plan members, reporting out of results, and identifying process improvementsKey liaison to Regional Finance Analytics for Monthly Impacts file, ensuring impacts and budget vs. actuals are accurateProactively develop analyses and lead ad hoc requests that provide insights towards and supports Health Plan growth initiativesResponsible for creating PowerPoint summaries for senior leadership meetingsStreamline reporting outputs, standard analyses, and negotiation outcomes to create efficiencies and centralized repositoriesAssist on Pricing Transparency activities including but not limited to analyzing Health Plan price transparency data, compiling relevant findings, leading the reviews of those findings and supporting price transparency toolsDrive the comparable charge process for Health Plan Pricing & Analytics. Actions including creating and maintaining the standard operating process (SOP), compiling and running internal department trainings & trainings for Health Plan Commercial team as neededAssist on Health Plan Fee Schedule Database activities including but not limited to loading all new fee schedules, upload Medicaid and Medicare trackers to database, 3PF mapping to fee schedules, and ad-hoc requests related to the Fee Schedule DatabaseSpecial projects as needed
BA/BS in Finance, Economics or related fieldMinimum of three years of work experience in Finance or related fieldsExcellent verbal and written communication skillsStrong financial and analytical skillsStrong data management skillsStrong skills in Microsoft Excel and PowerPoint as well as Internet/Web applications such as CognosProficiency in other products, such as PowerBI, Tableau, and Microsoft Access, a plusStrong understanding of the healthcare industry and health plans specifically (product types, trends, etc.)Innovative thinker comfortable with ambiguity to complete tasksAbility to work effectively cross-functionally in a matrix environment and build/maintain relationshipsAbility to work effectively both independently and within a teamExperience working with and supporting a Commercial/Sales organization a plus
Key Competencies:
Organizational skills and managing to deadlinesInfluencing without authorityStrong financial and analytical skillsResourcefulness and flexibilityPositive attitude and good people skills
While we appreciate and value our staffing partners, we do not accept unsolicited resumes from agencies. Quest will not be responsible for paying agency fees for any individual as to whom an agency has sent an unsolicited resume.
Equal Opportunity Employer: Race/Color/Sex/Sexual Orientation/Gender Identity/Religion/National Origin/Disability/Vets
Quest Diagnostics is an equal employment opportunity employer. Our policy is to recruit, hire and promote qualified individuals without regard to race, color, religion, sex, age, national origin, disability, veteran status, sexual orientation, gender identity, or any other status protected by state or local law. Quest Diagnostics observes minimum age requirements established by federal, state and/or local laws, and will ask an applicant for verification when deemed necessary.
Responsible for the Pre-Close process to consolidate updates on current negotiations and price impacts vs. budget, including review with direct report and other team members on accuracy and completenessLead HPP&A on Regional Finance Analytics Pre-Close call to coordinate with Revenue Recognition and Regional FinanceDrive the annual AOP process focused on Pricing Plan of Record and revenue growth budget. Actions including compiling relevant impacts, leading reviews among the team and with regional Health Plan members, reporting out of results, and identifying process improvementsKey liaison to Regional Finance Analytics for Monthly Impacts file, ensuring impacts and budget vs. actuals are accurateProactively develop analyses and lead ad hoc requests that provide insights towards and supports Health Plan growth initiativesResponsible for creating PowerPoint summaries for senior leadership meetingsStreamline reporting outputs, standard analyses, and negotiation outcomes to create efficiencies and centralized repositoriesAssist on Pricing Transparency activities including but not limited to analyzing Health Plan price transparency data, compiling relevant findings, leading the reviews of those findings and supporting price transparency toolsDrive the comparable charge process for Health Plan Pricing & Analytics. Actions including creating and maintaining the standard operating process (SOP), compiling and running internal department trainings & trainings for Health Plan Commercial team as neededAssist on Health Plan Fee Schedule Database activities including but not limited to loading all new fee schedules, upload Medicaid and Medicare trackers to database, 3PF mapping to fee schedules, and ad-hoc requests related to the Fee Schedule DatabaseSpecial projects as needed
BA/BS in Finance, Economics or related fieldMinimum of three years of work experience in Finance or related fieldsExcellent verbal and written communication skillsStrong financial and analytical skillsStrong data management skillsStrong skills in Microsoft Excel and PowerPoint as well as Internet/Web applications such as CognosProficiency in other products, such as PowerBI, Tableau, and Microsoft Access, a plusStrong understanding of the healthcare industry and health plans specifically (product types, trends, etc.)Innovative thinker comfortable with ambiguity to complete tasksAbility to work effectively cross-functionally in a matrix environment and build/maintain relationshipsAbility to work effectively both independently and within a teamExperience working with and supporting a Commercial/Sales organization a plus
Key Competencies:
Organizational skills and managing to deadlinesInfluencing without authorityStrong financial and analytical skillsResourcefulness and flexibilityPositive attitude and good people skills
While we appreciate and value our staffing partners, we do not accept unsolicited resumes from agencies. Quest will not be responsible for paying agency fees for any individual as to whom an agency has sent an unsolicited resume.
Equal Opportunity Employer: Race/Color/Sex/Sexual Orientation/Gender Identity/Religion/National Origin/Disability/Vets
Quest Diagnostics is an equal employment opportunity employer. Our policy is to recruit, hire and promote qualified individuals without regard to race, color, religion, sex, age, national origin, disability, veteran status, sexual orientation, gender identity, or any other status protected by state or local law. Quest Diagnostics observes minimum age requirements established by federal, state and/or local laws, and will ask an applicant for verification when deemed necessary.