Point32Health Senior Market Finance Consultant in Canton, Massachusetts
Who We Are
Point32Health is a leading health and wellbeing organization, delivering an ever-better personalized health care experience to everyone in our communities. At Point32Health, we are building on the quality, nonprofit heritage of our founding organizations, Tufts Health Plan and Harvard Pilgrim Health Care, where we leverage our experience and expertise to help people find their version of healthier living through a broad range of health plans and tools that make navigating health and wellbeing easier.
We enjoy the important work we do every day in service to our members, partners, colleagues and communities. To learn more about who we are at Point32Health, click here (https://youtu.be/S5I_HgoecJQ) .
The Market Finance Senior Consultant serves as the key financial business partner with Line of Business leaders to support the optimization of financial outcomes of the business. The position will be the financial liaison to the business, working to educate leaders on all matters related to financial performance and supporting activities to drive performance. This position will play an active role in developing annual budget/forecast as well as in analyzing monthly business performance to provide business insight and actionable advice. This position will report to Market Finance Lead and will lead the function of providing business partner and analysis support to business leaders.
Key Responsibilities/Duties – what you will be doing
Partner with accounting department to ensure accurate and timely close on a monthly basis
Monthly P&L analysis in identifying Risks and Opportunities
Drive P&L forecast and planning work and manage business segment expenses
Support bottom's up development for forecasts and annual budgets
Support Pricing/Bid/Rate Filing analyses and validate key assumptions
Research, analyze, validate, and prepare data for use in identification and execution of strategic initiatives
Participate in periodic Monthly Operating Review and other financial performance reviews with both internal/external audience on a needed basis.
Oversee ad hoc analysis in measuring effectiveness of various marketing programs including but not limited to direct marketing efforts for Open Enrollments,
Understand and drive transparency and performance on metrics in service areas such as care management and operations.
Operation metrics include Service Quality and Productivity metrics
Care Management metrics include Service utilization
Perform what-if scenario analysis regarding business model, evaluate trade off, e.g., broker vs direct sales and influence decisions based on findings.
Support management of medical cost trend and gross margin improvement opportunities
Analyze the impact of contracts and support negotiations, as required, in driving market performance
Identify areas for continuous improvements
Competitor benchmarking and opportunity identification
Quantify financial impact of risks per Enterprise Risk Management
Other duties and projects as assigned.
Qualifications – what you need to perform the job
Education, Certification and Licensure
Bachelor’s degree or ASA recommended. Master’s degree or FSA preferred.
Experience (minimum years required) :
10+ years of relevant health plan experience with responsibility in driving financial outcomes
Business an understanding of business operations with the goal of becoming the spokesperson for your assigned area.
Experience in working in fast paced, matrixed environment
Ability to collaborate with Finance team and business partners to achieve results. Acts as one team to ensure work is completed. Act as an owner and driver - always asking how you can help with a constant focus on proactive behavior. Treats business partners as clients with a focus on returning phone calls and emails timely, setting up meetings to discuss critical topics, sharing processes before executing and allowing ample time to review draft documents. Err on the side of over communicating.
Communicates effectively within informal and formal channels, including written communications, presentations and informal communications with peers, management and business partners
Ability to work cross functionally and influence performance in Health Care Services, Service Operations and Provider Performance
Critical Thinking- Constructively challenges each decision and process to ensure optimal decision making and performance. Always thinking of more efficient processes, better messaging and ease of understanding.
Deep understanding of performance metrics and ability to communicate business trends, needs and outcomes
Working Conditions and Additional Requirements (include special requirements, e.g., lifting, travel) :
Must be able to work under normal office conditions and work from home as required.
Work may require simultaneous use of a telephone/headset and PC/keyboard and sitting for extended durations.
May be required to work additional hours beyond standard work schedule.
The above statements are intended to describe the general nature and level of work being performed by employees assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of employees assigned to this position. Management retains the discretion to add to or change the duties of the position at any time.
Compensation & Total Rewards Overview
As part of our comprehensive total rewards program, colleagues are also eligible for variable pay. Eligibility for any bonus, commission, benefits, or any other form of compensation and benefits remains in the Company's sole discretion and may be modified at the Company’s sole discretion, consistent with the law.
Point32Health offers their Colleagues a competitive and comprehensive total rewards package which currently includes:
Medical, dental and vision coverage
Paid time off
Employer-paid life and disability insurance with additional buy-up coverage options
Full suite of benefits to support career development, individual & family health, and financial health
For more details on our total rewards programs, visit https://www.point32health.org/careers/benefits/
Commitment to Diversity, Equity, Inclusion, Accessibility (DEIA) and Health Equity
Point32Health is committed to making diversity, equity, inclusion, accessibility and health equity part of everything we do—from product design to the workforce driving that innovation. Our Diversity, Equity, Inclusion, Accessibility (DEIA) and Health Equity team's strategy is deeply connected to our core values and will evolve as the changing nature of work shifts. Programming, events, and an inclusion infrastructure play a role in how we spread cultural awareness, train people leaders on engaging with their teams and provide parameters on how to recruit and retain talented and dynamic talent. We welcome all applicants and qualified individuals, who will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.
At Point32Health, we strive to be a different kind of nonprofit health and well-being company, with a broad range of health plans, and innovative tools that make navigating health and well-being easier, guiding our members at every step of their health care journey to better health outcomes. We are committed to providing high-quality and affordable health care, improving the health and wellness of our members, and creating healthier communities across the country. The Point32Health name is inspired by the 32 points on a compass. It speaks to the critical role we play in guiding and empowering the people we serve to achieve healthier lives. Our employees are hard-working, innovative, and collaborative. They look for opportunities to grow and make a difference, and they help make us strive to be one of the Top Places to work in New England.