About Fallon Health
Founded in 1977, Fallon Health is a leading health care services organization that supports the diverse and changing needs of those we serve. In addition to offering innovative health insurance solutions and a variety of Medicaid and Medicare products, we excel in creating unique health care programs and services that provide coordinated, integrated care for seniors and individuals with complex health needs. Fallon has consistently ranked among the nation’s top health plans, and is accredited by the National Committee for Quality Assurance for its HMO, Medicare Advantage and Medicaid products. For more information, visit fallonhealth.org.
Brief Summary of Purpose:
The Financial Reporting, Planning and Analytic Professional (FRPAP) is a strategic partner to personnel across the organization. The role requires a strong knowledge of budgeting, planning, accounting, reporting, financial modeling and analytics. The FRPAP will support both corporate overhead and business segment management as Fallon Health continues to ensure the long term fiscal viability of its organization . In addition to preparing standard financial reports, the Professional will be required to prepare ad hoc management analysis and aid in developing budgets and forecasts as part of the strategic planning cycle. In order to ensure compliance with State and Federal statute, the FRPAP will prepare all necessary regulatory reports and support those upon audit as necessary. The Professional will interact with both internal and external auditors and will make certain operate within a strong control environment.
The Professional will employ a developed expertise in exercising their finance duties as they contribute to the execution of corporate strategy and objectives . They will use their knowledge base to address a diverse range of moderately complex problems, gather and analyze relevant data and exercise judgement in the development of appropriate recommendations and solutions . The Professional works with established direction and within well-defined policies and practices . They have knowledge of principles, theories and concepts and will work with
other FRP&A team members to ensure that their assigned work objectives are accurate and adequately satisfied. The Professional will contribute to a high performing team and erroneous judgment may require the allocation of corporate resources to achieve their goals. It is important, therefore , for the Professional to work collaboratively with internal and external customers on routine matters. It is expected that the successful candidate will be able to provide guidance to any FRP&A Generalists that require their assistance.
The successful candidate will exhibit the required degree of proficiency in the following:
Works proficiently within the general ledger system to record I approve transactions in order to appropriately report the financial activity of the organization
Perform moderately complex internal account reconciliations with a high degree of accuracy
Prepare a statement of financial position, a statement of operations and change in net assets as well as other financial management and Board documents associated with the monthly, quarterly and annual financial statement close process
Extract data from internal and external systems and analyze financial results - is comfortable modifying and executing basic data scripts and queries in order to ensure appropriate support for key financial figures
Report financial results to management and offer strategic insight relative to revenue maximization, cost containment (medical and SG&A) and general resource consumption
Develop and present actionable recommendations and solutions to management that will impact results
Collaboratively partner with personnel across the organization to quantify the resources required to achieve strategic initiatives and capital investment goals during budget and forecast cycles
Evaluate trends, costs, revenues, financial commitments and obligations incurred to predict and model future revenues and expenses
Analyze results and evaluate against underlying assumptions used to forecast and budget performance
Design and populate financial models that will assist management in strategic decision making
Prepare, analyze and file cost reports and settlements as necessary to ensure compliance with State and Federal regulations
Understand new accounting pronouncements and emerging guidance- make recommendations regarding company policy and practice
A key resource for both internal and external audit processes- ensure organization and delivery of key requirements, prepare financial statements to ensure they are free of material misstatement, aggregate and/or prepare appropriate supporting documentation, assist in the creation of required footnote disclosures and operate within an environment of strong internal controls
Working knowledge of the following: