FINANCIAL ANALYST -HEALTH PLAN SERVICES

Cook County Health and Hospitals

$82,110 - $90,678

life insurance, paid holidays, sick time

United States, Illinois, Chicago

1969 Ogden Avenue (Show on map)

Dec 30, 2024

Job Posting : Dec 30, 2024, 4:00:29 PM Closing Date : Jan 14, 2025, 5:59:00 AM Full-time Shift Start Time : 9:00 A.M. Shift End Time : 5:00 P.M.

Collective Bargaining Unit : None Posting Salary : $82,110 - $90,678

Organization : Health and Hospital Systems

LOCATION: Harison Square - 605 S. WOLCOTT AVE. (Stroger Campus)

DEPARTMENT: Health Plan Services (County Care)

SHIFT: 9:00 AM - 5:00 PM

JOB SUMMARY

The Financial Analyst assists with the preparation and administration of the Health Plan Services financial statements, annual budget, reporting and analysis. Calculates baseline and trend metrics, i.e., per member per month (PMPM) and utilization per 1,000 for targeted lines of business, geographies and segments. Analyzes memberships, revenue and cost trends; makes recommendations to improve process. Works with Information Technology (IT) and data warehouse to develop and design data sets and reports. Assists in the development and reporting of performance measures, benchmarking and surveying, research of programs, special tasks and projects. Prepares and tracks invoices and payments. May perform other duties as assigned.

TYPICAL DUTIES

* Assists with the preparation and administration of the Health Plan Services financial statements, annual budget, reporting and analysis.
Prepares analysis of utilization and financial trends, costs, revenues, financial commitments and obligations incurred to predict future revenues and expenses
Prepares the development of memberships projections and medical expense forecast and budget; monitors monthly variances to identify trends
Performs reconciliations of large data sets from internal and external sources such as reconciling enrollment to reimbursement files
Calculates baseline and trend metrics, i.e., PMPM and utilization per 1,000 for targeted lines of business, geographies and segments
Analyzes memberships, revenue and cost trends; makes recommendations to improve processes
Works with Information Technology (IT) and data warehouse to develop and design data sets and reports
Develops presentations and provides briefings to key stakeholders including senior management
Assists in the development and reporting of performance measures, benchmarking and surveying, research of programs, special tasks and projects
Prepares and tracks invoices and payments
May perform other duties as assigned

This position is exempt from Career Service under the CCH Personnel Rules.

MINIMUM QUALIFICATIONS

Bachelor's Degree from an accredited college or university with two (2) years of full-time paid work experience in finance or data analysis is required. (Must provide official transcripts at time of interview)

PREFERRED QUALIFICATIONS

Bachelor's degree or higher in Finance, Economics or related quantitative field from an accredited college or university with full-time paid work experience in finance or data analysis in a hospital, healthcare or managed care organization is preferred.
Knowledge and proficiency with SQL is preferred.

KNOWLEDGE, SKILLS, ABILITIES AND OTHER CHARACTERISTICS

Knowledge of fiscal impact, statistical and financial analysis techniques for managed care organizations including utilization/1,000, PMPM and cost averages
Knowledge of business, finance and budgeting practices and legal requirements
Proficiency using Microsoft Office Suite including complex formulas in Microsoft Excel such as V-Lookups and Pivot Tables
Excellent verbal and written communication skills necessary to communicate with all levels of staff and a patient population composed of diverse cultures and age groups
Demonstrate attention to detail, accuracy and precision
Ability to analyze and reconcile large data sets
Ability to quickly gain a thorough understanding of the business
Ability to multi-task and meet deadlines in a fast paced and stressful environment
Ability to adhere to department policies and standards utilizing best practices
Ability to maintain a professional demeanor and composure when challenged
Ability to function autonomously and as a team member in a multidisciplinary team

Physical and Environmental Demands

This position is functioning within a healthcare environment. The incumbent is responsible for adherence to all hospital and department specific safety requirements. This includes but is not limited to the following policies and procedures: complying with Personal Protective Equipment requirements, hand washing and sanitizing practices, complying with department specific engineering and work practice controls and any other work area safety precautions as specified by hospital wide policy and departmental procedures.

The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of the personnel so classified.

For purposes of the American with Disabilities Act, "Typical Duties" are essential job functions.

BENEFITS PACKAGE

Medical, Dental, and Vision Coverage
Basic Term Life Insurance
Pension Plan
Deferred Compensation Program
Paid Holidays, Vacation, and Sick Time
You may also qualify for the Public Service Loan Forgiveness Program (PSLF)

For further information on our excellent benefits package, please click on the following link: http://www.cookcountyrisk.com/

VETERAN PREFERENCE

PLEASE READ

When applying for employment with the Cook County Health & Hospitals System, preference is given to honorably discharged Veterans who have served in the Armed Forces of the United States for not less than 6 months of continuous service

To take advantage of this preference a Veteran must:

Meet the minimum qualifications for the position.
Identify self as a Veteran on the employment application by answering yes to the question by answering yes to the question, "Are you a Military Veteran?"
Attach a copy of their DD 214, DD 215 or NGB 22 (Notice of Separation at time of application filing. Please note: If you have multiple DD214s, 215s, or NGB 22S, Please submit the one with the latest date. Coast Guard must submit a certified copy of the military separation from either the Department of Transportation (Before 9/11) or the Department of Homeland Security (After 9/11). Discharge papers must list and Honorable Discharge Status. Discharge papers not listing an Honorable Discharge Status are not acceptable

A copy of a valid State ID Card or Driver's License which identifies the holder of the ID as a Veteran, may also be attached to the application at time of filing.

If items are not attached, you will not be eligible for Veteran Preference

VETERANS MUST PROVIDE ORIGINAL APPLICABLE DISCHARGE PAPERS OR APPLICABLE STATE ID CARD OR DRIVER'S LICENSE AT TIME OF INTERVIEW.

MUST MEET ALL REQUIRED QUALIFICATIONS AT TIME OF APPLICATION FILING.

*Degrees awarded outside of the United States with the exception of those awarded in one of the United States' territories and Canada must be credentialed by an approved U. S. credential evaluation service belonging to the National Association of Credential Evaluation Services (NACES) or the Association of International Credential Evaluators (AICE). Original credentialing documents must be presented at time of interview.

*Please note all offers of employment are contingent upon the following conditions: satisfactory professional & employment references, healthcare and criminal background checks, appropriate licensure/certifications and the successful completion of a physical and pre-employment drug screen.

*CCHHS is strictly prohibited from conditioning, basing or knowingly prejudicing or affecting any term or aspect of County employment or hiring upon or because of any political reason or factor.

COOK COUNTY HEALTH & HOSPITALS SYSTEM IS AN EQUAL OPPORTUNITY EMPLOYER.