Finance Manager- LA ECSS

$70,715 - $70,715/Yr

Magellan Health Services - Baton Rouge, LA

Full-time - Mid Level

Baton Rouge, LA

Ambulatory Health Care Services

About the position

The Finance Manager for LA ECSS at Magellan Health Services is responsible for managing and coordinating the company's financial functions, including accounting, budgeting, finance, and audit. This role involves designing and implementing financial strategies to support both short and long-term business needs, overseeing the general ledger, and ensuring compliance with corporate policies. The Finance Manager will provide economic analyses and counsel on financial matters, analyze monthly results, and support various financial initiatives across the organization.

Responsibilities

• Manage and coordinate the company's financial function across sub-functions such as accounting, cost management, budgeting, finance, audit, credit, collections, and tax.
• Design, propose, and implement financial strategies, guidelines, and procedures to meet finance requirements.
• Oversee maintenance of the organization's general ledger and related accounting practices.
• Oversee company-wide budgeting, financial planning, control, and reporting policies and practices.
• Provide economic analyses and counsel on financial matters, including economic trends, pricing, cash flow, and capital additions.
• Analyze and review monthly results for risk against annual plan and forecast projections, providing variance explanations and recommendations.
• Provide financial support in the completion of monthly Corporate reports.
• Prepare monthly financial summaries on all risk clients, reporting highlights on key financial indicators.
• Coordinate with Medical Economics, Operations, and Network to analyze utilization and unit cost trends, identifying areas for potential savings.
• Prepare in-depth performance analysis on risk contracts as assigned.
• Manage financial terms and coordinate activities related to rate openers and settlement of contingencies under each contract.
• Provide weekly status updates on current trends, initiatives, issues, and resolutions.
• Provide monthly financial analysis on medical cost reduction initiatives, coordinating with Operations on new initiatives or changes.
• Provide financial support to Medical Economics for quarterly operations reporting.
• Prepare annual business plan and forecasts on medical costs for risk contracts.
• Summarize P&L performance, outlining key assumptions.

Requirements

• Bachelor's degree in Finance is required.
• Experience in finance is required.
• Advanced knowledge of Microsoft Excel and proficiency in all Microsoft Office products is required.
• Strong analytical skills and ability to communicate analytic results clearly are required.

Nice-to-haves

• Master's degree in Finance is preferred.
• CPA - Certified Public Accountant certification is preferred.

Benefits

• Comprehensive health benefits
• Life insurance
• Voluntary benefits
• Short-term incentives
• Employee wellness programs