UnitedHealth Group - Financial Analyst

Discipline - Finance

Industry - Financial Planning & Analysis

Job Description :

- If you want to achieve more in your mission of health care, you have to be really smart about the business of health care. Financial discipline and accountability count more today than ever. Which is why your performance and innovation will find a reception here like nowhere else as you help people live healthier lives while doing your life's best work.

Purpose :

The primary role of the Senior Financial Analyst is to :

- Provide analytic and reporting support for multiple strategic programs under general direction with minimal supervision.

- Maintain accurate accounting records and financial plans for multiple strategic OTIQ Capital programs.

- Coordinate with program team to develop program forecasts, budgets, and plans.

- Collaborate with program team and business partners to develop program metrics (KPMs) and measure results.

- Complete standard variance analysis and research variance drivers and explain cause-effect relationships.

- Lead Operating Work Sessions (OWS) with program teams and segment finance.

- Interact with Program Team and Segment Finance with direction from CRAG.

Responsibilities :

- Monthly program accounting duties- Acquire detailed knowledge of program's financial plan (budget), scope, schedule, benefits and quality.

- Use query tools to access program accounting data from PeopleSoft general ledger, accounts payable and fixed assets.

- Facilitate with the GL program code assignment process.

- Understand and follow internal control policies and procedures relating to program actual expense tracking and reporting.- Code program invoices for payment.

- Prepare adjusting, accrual and capital journal entries in accordance with GAAP and monthly segment close schedule; maintain detailed documentation to substantiate program account balances.

- Review time tracking data (hours, tasks, resource mix, rates) that supports monthly program expenditures.

- Analyze and reconcile G/L accounts to time reporting systems, invoices, etc.

- Investigate non-forecasted G/L program expenses and make corrections as necessary.

- Recommend program in-service date to segment to begin amortization; assist program team in closing out G/L and time tracking systems.Management of individual program reporting and analysis

- Prepare monthly program financial statements with variance explanations.

- Lead monthly OWS (Operations Work Session); prepare agenda; schedule meetings.

- Take minutes at OWS meetings; document key program milestones, risks, financial variances and action items.

- Prepare SRS agendas and schedule meetings.- Work with program team to complete program CPR (Capital Program Review) document in accordance with SRS (Stakeholder Review Session) & OTIQ Capital guidelines and deadlines; explain CPR & ECR variances.

- Support team leader SRS presentation; take minutes; document key program milestones, risks, financial variances and action items.

- Assess validity of and achievement of milestones for both cost and timing; challenge any placeholders or contingencies.

- Assess and report on risks and opportunities at program and enterprise levels- Prepare program CBA (Cost Benefit Analysis) to reflect forecast changes in total program net benefits and expenses. Explain changes in terms of scope, schedule and budget.

- Attend program meetings to keep current on program execution, financial risk, etc.

- Measure program's benefits against established value metrics (KPMs).

- Organize financial information in a meaningful manner.

- Prepare standard financial analysis (rate/volume, trend analyses, and reasonableness tests).- Develop financial models required to support program.

- Follow established internal policies and procedures relating to program financial tracking and reporting.Assist program team with support from CRAG Finance Director with program plans (Annual budget, current year forecasts, 3yr plans)

- Advise program team of OTIQ Capital policies and procedures for program planning (incremental, business and technology rates, inter-segment margins, managed services, etc.).

- Develop annual budget and periodic forecasts (expenditures, net benefits) including detailed supporting documentation in coordination with program team.

- Maintain well organized documentation of key program plan assumptions, contracts, and charters, benefit models, etc.

- Meet segment, corporate financial plan deadlines and submit program plans in formats required by segment finance and corporate (ECR report).- Input and access program plans in corporate planning system (e.g. Hyperion).

- Challenge forecast assumptions, raise issues, and offer options for issue resolution.Support the UCMG Process

- Schedule and moderate stakeholder review sessions (SRS) by working with program team and CRAG leadership calendars.

- Prepare and participate in the review of OTIQ Capital portfolio documents (CBA, CPR, Business Case, etc.).

- Provide program informational support at SRS meetings.

- Complete other duties as assigned.

No. of Openings : 1

Qualification :

- Undergraduate degree or equivalent experience.

- MBA

Technology Careers with Optum. Information and technology have amazing power to transform the health care industry and improve people's lives. This is where it's happening. This is where you'll help solve the problems that have never been solved. We're freeing information so it can be used safely and securely wherever it's needed. We're creating the very best ideas that can most easily be put into action to help our clients improve the quality of care and lower costs for millions. This is where the best and the brightest work together to make positive change a reality. This is the place to do your life's best work.

Diversity creates a healthier atmosphere : All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, protected veteran status, disability status, sexual orientation, gender identity or expression, marital status, genetic information, or any other characteristic protected by law.

UnitedHealth Group is a drug-free workplace. Candidates are required to pass a drug test before beginning employment.

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