What are the responsibilities and job description for the Senior Financial Analyst - Hybrid position at Kforce Inc?
Responsibilities
Kforce's client, a publicly traded health care company in Rutherford, NJ is seeking a Senior Financial Analyst for a hybrid role. Summary: The Senior Financial Analyst supports the financial and operational evaluation of prospective Health Plan contracts, providing consulting and recommendations to ensure growth and profitability of third-party payors. The position is 3 days in the office and 2 days remote. This company offers excellent opportunities for advancement along with a year-end bonus and great benefits. Responsibilities:
We offer comprehensive benefits including medical/dental/vision insurance, HSA, FSA, 401(k), and life, disability & ADD insurance to eligible employees. Salaried personnel receive paid time off. Hourly employees are not eligible for paid time off unless required by law. Hourly employees on a Service Contract Act project are eligible for paid sick leave.
Note: Pay is not considered compensation until it is earned, vested and determinable. The amount and availability of any compensation remains in Kforce's sole discretion unless and until paid and may be modified in its discretion consistent with the law.
This job is not eligible for bonuses, incentives or commissions.
Kforce is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, pregnancy, sexual orientation, gender identity, national origin, age, protected veteran status, or disability status.
By clicking “Apply Today” you agree to receive calls, AI-generated calls, text messages or emails from Kforce and its affiliates, and service providers. Note that if you choose to communicate with Kforce via text messaging the frequency may vary, and message and data rates may apply. Carriers are not liable for delayed or undelivered messages. You will always have the right to cease communicating via text by using key words such as STOP.
Kforce's client, a publicly traded health care company in Rutherford, NJ is seeking a Senior Financial Analyst for a hybrid role. Summary: The Senior Financial Analyst supports the financial and operational evaluation of prospective Health Plan contracts, providing consulting and recommendations to ensure growth and profitability of third-party payors. The position is 3 days in the office and 2 days remote. This company offers excellent opportunities for advancement along with a year-end bonus and great benefits. Responsibilities:
- Performs all financial analyses required for prospective third-party contracts including the compilation of fee schedules, revenue projections, synergy analyses and -what-if- scenarios
- Ownership of full Profit & Loss statements along with related financial measures; Understanding of the drivers and inputs to each financial line item and/or financial measure
- Develops utilization and membership corridors and integrates such corridors into contracts where applicable to protect the Company from downstream risk with capitated arrangements
- Supports the development of standard premium priced tests, capitation carve-outs and overall pricing guidelines
- Serves as a content expert to regional leadership regarding third party contracts and pricing strategies
- Interfaces directly with regional leadership regarding the price, volume, and cost implications associated with new and existing third-party contracts
- Develops methods to streamline the pricing review and authorization process for third-party contracts
- Responsible for the completion of financial elements, and overall review of negotiation approval documents
- Interacts with Legal department during contract review and approval
- Performs specific test campaign analyses to determine the prospective revenue and volume impact for key test initiatives
- Bachelor's degree
- A minimum three years of relevant financial analysis with financial modeling experience
- Strong understanding of the healthcare industry and health plans specifically (product types, trends, etc.)
- Innovative thinker comfortable with ambiguity to complete tasks
- Ability to work effectively cross-functionally in a matrix environment and build/maintain relationships
- Excellent verbal and written communication skills
- Ability to work effectively both independently and within a team
- Strong PC skills (Excel, Access, PowerPoint, Word)
- Proficiency in Excel is non-negotiable (VLookups, Sumifs, Iferror, etc.)
- PC skills preferred (Power BI, SQL, Python)
We offer comprehensive benefits including medical/dental/vision insurance, HSA, FSA, 401(k), and life, disability & ADD insurance to eligible employees. Salaried personnel receive paid time off. Hourly employees are not eligible for paid time off unless required by law. Hourly employees on a Service Contract Act project are eligible for paid sick leave.
Note: Pay is not considered compensation until it is earned, vested and determinable. The amount and availability of any compensation remains in Kforce's sole discretion unless and until paid and may be modified in its discretion consistent with the law.
This job is not eligible for bonuses, incentives or commissions.
Kforce is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, pregnancy, sexual orientation, gender identity, national origin, age, protected veteran status, or disability status.
By clicking “Apply Today” you agree to receive calls, AI-generated calls, text messages or emails from Kforce and its affiliates, and service providers. Note that if you choose to communicate with Kforce via text messaging the frequency may vary, and message and data rates may apply. Carriers are not liable for delayed or undelivered messages. You will always have the right to cease communicating via text by using key words such as STOP.
Salary : $105,000 - $115,000
