Company :
Highmark HealthJob Description :
Job Summary:
We are seeking a highly motivated and experienced Financial Consultant to provide expert financial advice, analysis, and solutions to internal stakeholders. This role requires a strong understanding of financial principles, excellent analytical and communication skills, and a proactive approach to problem-solving. The consultant will support the organization by establishing new financial processes, providing complex financial modeling for new business strategies, and advising business leaders on Integrated Delivery and Financing System (IDFS) integration opportunities, including assessing viability, evaluating financial results and risks, and establishing supporting processes. This job will help internal customers throughout the family of companies to assess viability of strategies, evaluate financial results and risks to performance and establish new financial processes to support an evolving business.
Responsibilities:
- Financial Analysis and Modeling:
- Develop and maintain complex financial models to support strategic decision-making.
- Conduct in-depth financial analysis of business performance, including variance analysis, trend analysis, and profitability analysis.
- Perform financial forecasting and budgeting.
- Create pro-forma financial models and business evaluation
- Consulting and Advisory Services:
- Provide expert financial advice and recommendations to internal stakeholders
- Identify and assess financial risks and opportunities.
- Develop and implement financial strategies to improve profitability, efficiency, and cash flow.
- Assist with strategic capital investment opportunities, and any M&A or ad-hoc evaluations when required.
- Reporting and Communication:
- Prepare clear and concise financial reports and presentations for management or clients.
- Communicate financial information effectively to both financial and non-financial audiences.
- Present findings and recommendations to stakeholders.
- Document financial processes and procedures.
- Compliance and Regulatory:
- Assist with internal and external audits.
- Stay up-to-date on changes in financial regulations and industry best practices.
- Project Management and Execution:
- Manage multiple projects simultaneously, ensuring timely and accurate completion.
- Collaborate with cross-functional teams to achieve project goals.
- Develop project plans and timelines.
- Track project progress and report on key metrics.
- Will be required to work independently and directly with customer management (likely engaging directly with leadership) and ensuring that a cross functional / divisional view is provided in the context of the work.
- Relationship Management:
- Establish and maintain strong working relationships with customers of all levels and interact on a regular basis with business leaders and senior leadership through the company and its subsidiaries.
- Build and maintain strong relationships with internal stakeholders
- Understand customers’ needs and objectives.
- Other duties: As assigned.
Qualifications:
- Education
- Required: Bachelor’s degree in Finance, Accounting, Business Administration/ Management, or a related field is required.
- Preferred: Master’s Degree in Business Administration/Management, Finance, Accounting, or related field
- Experience:
- Required:
- 5 years of experience in a financial role within an organization
- 3 years of experience presenting financial results to executive audiences
- 3 years of experience in project oriented roles and managing indirect resources
- Preferred:
- Advanced business / financial knowledge of payor or provider
- Required:
Skills:
- Strong written and oral communications skills, including presentation skills
- Strong relationship building skills
- Client focused with strong financial and business process acumen
- Self-starter with the ability to work under pressure independently and as part of a team
- Ability to problem solve, think strategically, and act proactively in periods of ambiguity to create trust and confidence with leadership and customers
- Advanced knowledge of financial processes, modeling and business drivers will be required in order to visualize, articulate and advise the business in order to assess highly complex issues of an integrated delivery system and the economics of the system
CERTIFICATIONS/LICENSURE
Required
- None
Preferred
- CPA
TRAVEL REQUIREMENT
0 - 25%
LANGUAGE REQUIREMENT (other than English)
None
PHYSICAL, MENTAL DEMANDS AND WORKING CONDITIONS
Position Type
Office-Based
Teaches/Trains others regularly
Frequently
Travels regularly from the office to various work sites or from site-to-site Frequently
Works primarily out-of-the office selling products/services (Sales employees) Does Not Apply
Physical Work Site Required
No
Lifting: up to 10 pounds
Does Not Apply
Lifting: 10 to 25 pounds
Does Not Apply
Lifting: 25 to 50 pounds
Does Not Apply
Disclaimer: The job description has been designed to indicate the general nature and essential duties and responsibilities of work performed by employees within this job title. It may not contain a comprehensive inventory of all duties, responsibilities, and qualifications required of employees to do this job.
Compliance Requirement: This position adheres to the ethical and legal standards and behavioral expectations as set forth in the code of business conduct and company policies
As a component of job responsibilities, employees may have access to covered information, cardholder data, or other confidential customer information that must be protected at all times. In connection with this, all employees must comply with both the Health Insurance Portability Accountability Act of 1996 (HIPAA) as described in the Notice of Privacy Practices and Privacy Policies and Procedures as well as all data security guidelines established within the Company’s Handbook of Privacy Policies and Practices and Information Security Policy. Furthermore, it is every employee’s responsibility to comply with the company’s Code of Business Conduct. This includes but is not limited to adherence to applicable federal and state laws, rules, and regulations as well as company policies and training requirements.
Highmark Health and its affiliates prohibit discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities and prohibit discrimination against all individuals based on any category protected by applicable federal, state, or local law.
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For accommodation requests, please contact HR Services Online at HRServices@highmarkhealth.org
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