Sr. Financial Analyst- Secaucus, New Jersey in Secaucus, NJ at Quest Diagnostics

Date Posted: 5/3/2021

Job Snapshot

Job Description

Sr. Financial Analyst - Secaucus, New Jersey 

Core Reporting Responsibilities:

•         Monthly Pre-Close / Impact Reporting

o   Lead internal Health Plan Finance Pre-Close process to consolidate updates on current negotiations and price impacts vs. budget, including working with Contract Support analysts on completeness and accuracy of Contract Management Database (Master Tracker) entries.

o   Represent Health Plan Finance on Regional Finance Analytics Pre-Close call to coordinate with Revenue Recognition and Regional Finance.

o   Key liaison to Regional Finance Analytics for Monthly Impacts file, ensuring impacts and budget vs. actuals are accurate and working with Sr. Manager of Regional Finance Analytics on process improvements.

o   Maintain all supporting data files for budgeting and reporting, including, but not limited to, contract renewals, contractual obligations, Medicare & Medicaid sensitive.

•         Monthly Day +6 Deck

o   Builds Day +6 deck for Commercial Leaders, including unit price, leakage and denials performance.

o   Uses price-volume reporting to proactively solve for variance and reimbursement issues

•         Weekly Covid Tracking

o   Owns the COVID Pricing and Agreement tracking process, as well as monthly COVID pricing analyses

•         Quarterly Analyst Binder

o   Manage calendar and consolidate updates from Health Plan Account Executives and other business partners for the Quarterly Earnings Call, ensuring robustness of updates for CEO, CFO, & VP of Investor Relations

Annual Operating Plan (AOP) Process:

•         Responsible for developing Health Plan business planning calendar and AOP template

•         Lead consolidator from planning and reporting perspective for Health Plan Unit Price impacts

•         Facilitates AOP creation by aligning with HPF Contract Support, Regional Health Plan Directors & Regional Finance Directors

•         Prepare AOP summary slides for members of Senior Leadership

•         Key liaison to Price Performance and Deal Protocol to ensure communication and consistency in overall Pricing Plan of Record (PPOR)

•         Collaborate with HPF analyst responsible for Sales Compensation to ensure accuracy

Special projects, as needed.

Job Requirements:

•         BA/BS in Finance, Economics or related field

•         A minimum of three years financial analysis experience, including budgeting, forecasting, and actuals reporting

•         Strong data management skills

•         Strong skills in Microsoft Excel and PowerPoint, coding proficiency in Access a plus

•         Proficiency in other Microsoft products (Access, Word) as well as Internet/Web applications such as Cognos

•         Excellent verbal and written communication skills

Key Competencies:

•         Organizational skills and managing to deadlines

•         Influencing without authority

•         Strong financial and analytical skills

•         Resourcefulness and flexibility

•         Positive attitude and good people skills

•         Ability to work effectively both independently and within a team