Job Information
Health Plans, Inc. Director of Financial Planning and Analysis (Hybrid/Remote) in Westborough, Massachusetts
Health Plans, Inc. (HPI) is a New England-based Third-Party Administrator (TPA) of self-funded health and benefit plans. HPI was founded in 1981 to provide comprehensive health plan administration to employers, municipalities, and Taft-Hartley plans. Health Plans has grown to become an industry-leading TPA by offering customized self-funded benefit plans to employers, combined with superior customer service and investment in the latest administrative and data-mining technology, and reinsurance (stop-loss) security.
Summary:
The Director, Financial Planning and Analysis will lead all aspects of financial planning including the annual operating plan, quarterly forecasts, long-term strategic plan and capital budgeting. This individual will have a key role in supporting the financial strategy of the organization in providing analytical support for strategic planning, growth strategies, operational efficiencies, activity-based costing and working capital management. The ideal candidate will have a strong background in financial management within the health insurance or self-funded industry with the ability to thrive in a fast-paced, high-growth setting.
Duties and Responsibilities:
Lead the annual operating plan and quarterly forecasting processes, working closely with Senior Leadership to ensure accuracy and alignment with strategic goals while identifying and quantifying associated risks and opportunities.
Provide comprehensive variance analyses to support financial reporting and recommend corrective actions when necessary.
Maintain monthly membership accounting and reporting.
Develop and maintain comprehensive financial models to support long-term strategic plan with related scenario planning and sensitivity analysis.
Develop, maintain and enhance financial reporting tools and processes to provide actionable financial insights.
Monitor and analyze key metrics, providing recommendations to improve financial performance and operational efficiency.
Oversee the preparation of monthly and quarterly financial reports, including variance analysis and executive summaries.
Drive the implementation of best practices in financial planning, reporting, and analysis, leveraging technology and automation where possible.
Support due diligence and integration efforts related to M&A activities, including financial modeling and analysis.
Collaborate with financial reporting team and ensure FP&A efforts are aligned with accounting standards and practices.
Mentor and develop FP&A team members to enhance their skills and career growth and foster a culture of continuous improvement.
Requirements:
Bachelor’s degree in Finance, Accounting or Business Administration, MBA a plus.
Minimum of 7 years’ management experience within the health insurance industry.
Ability to provide leadership in alignment with organizational goals and have the ability to quickly adapt to changing processes with minimal supervision.
Strong financial modeling, budgeting, forecasting and analytical skills with the ability to interpret complex financial data.
Excellent communication and interpersonal skills, with the ability to influence at all levels of the organization.
Proficiency in financial modeling and forecasting techniques.
Ability to effectively present information and respond to questions from groups of executives, managers, providers, clients and brokers.
Ability to respond to constantly changing circumstances and work under short deadlines.
Strong organizational, analytical, project management, and communications skills.
Advanced skill level in Microsoft Office, including Word, Excel, and Outlook, as well as other common software used to support the business function of the company.
Benefits:
Medical, Dental and Vision Coverage
Prescription Drug Coverage
Fitness Reimbursement Benefit
Tobacco Cessation Program
Employee Assistance Program
Flexible Spending Account & Health Savings Account
401(k) and Profit-Sharing Plan
Quarterly Bonuses
Generous Paid-Time Off
Volunteer Days
Education Assistance & Professional Development Opportunities
….and much much more!
So, think you want to join the HPI team? We hope to hear from you!
You can read more about us at hpitpa.com/about-us/careers/
EEO/AA/M/F/Vet/Disability Employer
