UnitedHealth Group - Senior Financial Analyst

Discipline - Finance

Industry - Financial Planning & Analysis

Job Description :

- Our finance professionals at UnitedHealth Group are engaged in the important work of making health care more affordable, simpler and easier for people to access. Now, more than ever we need finance and accounting professionals like you with the financial skills and discipline to help us achieve this goal.

- As a Senior Financial Analyst you'll impact millions of lives. You will collaborate with an elite team of accounting and finance professionals who are writing the history of our organization and guiding our success as a global industry leader. Your performance and innovation will find a reception here like nowhere else. You'll find that this is place where you can do your life's best work.

Primary Responsibilities :

- Develop, perform, and manage the analyses of business and financial metrics as well as performance measures

- Develop and maintain financial reports to clearly communicate actual results, forecasted performance, and variances to plan,forecast and budget

- Understand and incorporate industry specific metrics into reports to highlight relevant trends and support fact-based business decisions

- Develop, perform and manage all aspects of financial planning, budgeting and forecasting-Work closely with the business to develop, recommend and establish strategies, plans and processes to improve profitability and cost efficiencies

- Produce clear, well-formatted reports that communicate a clear, compelling message for their stakeholders

Purpose :

The primary role of the Financial Analyst is to :

- Provide analytic and reporting support for multiple programs under supervision of the Sr. Financial Consultant.

- Maintain accurate accounting records in cooperation with segment accounting for strategic OTIQ Capital programs.

- Assist in the development of program forecasts, budgets, and plans.

- Measure program's progress against established metrics.

- Complete standard variance analysis and research variance drivers.

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

- Provide capital committee support to program teams.

Responsibilities :

Monthly program accounting duties through oversight of CRAG Senior Financial Consultant- Use query tools to access program accounting data from PeopleSoft general ledger, accounts payable and fixed assets.

- Assist corporate finance 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 G/L program expenses not included in the forecast 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.Program financial reporting and analysis through oversight of CRAG Senior Financial Consultant

- Prepare monthly program financial reports/documentation 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 variances in terms of scope, schedule, and budget (5 On- s) between CPR and capital forecasts.

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

- 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 team 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.

- Complete other duties as assigned.

- Follow established internal policies and procedures relating to program financial tracking and reporting.Assist program team & CRAG Senior Financial Consultant with program plans (annual budget, current year forecasts, 3 yr plan)

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

- Assist with preparation of annual budget and periodic forecasts (expenditures, net benefits).

- Maintain well organized documentation of key program plan assumptions, contracts, 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 (Hyperion).

No. of Openings : 1

Qualification - Requirements:

- Bachelors degree in Accounting, Finance or equivalent work experience. 4+ years of financial and/or accounting experience

- Proficient in MS Excel and other MS Office products

- Desired : MBA or CPA Hyperion Essbase, Planning and PeopleSoft Financials

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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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