Finance Manager

at  Magellan Health

Must have:
Proficient Accounting expertise
Proficient in budget review process and forecast variances
Proficient in excel
Excellent critical thinking skills
Expertise in analysis

Manages and coordinates the company’s financial function across sub-functions such as accounting, cost management, budgeting, finance, audit, credit, collections, and tax to meet company’s business requirements. Works within corporate strategies and policy frameworks, designs, proposes and implements financial strategies, guidelines and procedures within broad principles and policies set by the organization to meet finance requirements supporting short and long-term business needs. Oversees maintenance of the organization’s general ledger and related accounting practices. Oversees all company-wide budgeting, financial planning, control, and reporting policies and practices. Provides economic analyses, studies, and counsel on all matters of potentially significant financial impact to the company, including economic/competitive trends, pricing, cash flow, product line evaluation, and capital additions.

• Analyzes and reviews monthly results for risk against annual plan and forecast projections and provide variance explanations/recommendations.
• Provides financial support in the completion of monthly Corporate reports.
• Prepares monthly financial summary on all risk clients, reporting the highlights on key financial indicators.
• Coordinates with Medical Economics, Operations, and Network to analyze utilization and unit cost trends, identifying areas of potential savings/efficiencies.
• Prepares in depth performance analysis on risk contracts, as assigned.
• Manages financial terms and coordinate all related activities such as rate openers and settlement of contingencies under each contract.
• Provides weekly status updates on current trends, initiatives, issues, and resolutions.
• Provides monthly financial analysis on medical cost reduction initiatives, coordinating with Operations on new initiatives or changes to existing ones.
• Provides financial support to Medical Economics for quarterly operations reporting.
• Prepares annual business plan and forecasts on medical costs for risk contracts.
• Summarizes P&L performance, outlining key assumptions.
• Other duties as assigned.

WORK EXPERIENCE - REQUIRED

Finance

EDUCATION - REQUIRED

Bachelor’s - Finance

EDUCATION - PREFERRED

Master’s

Proficiency in all Microsoft Office products.
Advanced knowledge of Excel.
Strong presentation skills.
Expresses ideas, recommendations and solutions clearly, logically and concisely.
Prioritizes tasks effectively and has ability to work under tight deadlines in a highly dynamic environment.
Strong analytic skills.
Ability to develop and communicate analytic results to support business questions.
Demonstrated ability to work well with a broad range of internal customers.