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 Summare of Purpose:
The Financial Accounting and Reporting Sr. Analyst (FARSA) is integral in the development, accumulation and evaluation of key elements necessary to properly report the financial position of the organization. The FARSA will create, process and / or record transactions that ensure the general ledger of Fallon Health is accurately maintained. They will work closely with peers across the Organization or constituents in outside entities to gather all relevant data required as part of the premium, cost of benefit and SG&A build and to verify balance sheet account accuracy. The role requires a strong knowledge of accounting, reporting, financial modeling and analytics. The FARSA 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 Sr. Analyst may be required to prepare ad hoc management analysis or provider / vendor metric reports. The role requires the Sr. Analyst to research and understand accounting concepts (revenue and expense recognition) and possess the ability to aid in interpreting and operationalizing those concepts in matters specific to the health insurance industry. In order to ensure compliance with State and Federal statute, the FARSA may prepare regulatory submissions and adequately support the results upon audit. The Sr. Analyst will interact with auditors and will be certain to operate within a strong control environment.
The Sr. Analyst will employ a developed expertise in exercising their finance duties as they contribute to the execution of financial reporting 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 Sr. Analyst works with established direction and within well-defined policies and practices. They have knowledge of principles, theories and concepts and will work with other Financial Accounting and Reporting team members to ensure that their assigned work objectives are accurate and adequately satisfied. The Sr. Analyst 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 Sr. Analyst 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 Financial Accounting and Reporting Analysts that require their assistance.
Has 2+ years of experience and can demonstrate a full understanding of GAAP concepts, practices and procedures
Has 2+ years of experience and can demonstrate a full understanding of State specific accounting concepts, practices and procedures necessary for regulatory reporting (STAT)
Has 2+ years of experience and can demonstrate a full understanding of consolidation accounting concepts, practices and procedures
Bachelor's degree in accounting or finance
Demonstrated proficiency in performing accounting, reporting, financial modeling, and analytic assignments
At least 2-4 years of experience in a managed care environment (will consider other relevant health care, social service, insurance or not-for-profit experience)
Experienced user of software applications necessary to achieve job requirements (ex. Oracle, Adaptive Insights, Business Objects, etc.)
Microsoft Office proficiency