FP&A Analyst

Full-time

About the position

Lyric, formerly ClaimsXten, is a leading healthcare technology company, committed to simplifying the business of care. Over 30 years of experience, dedicated teams, and top technology help deliver more than $14 billion of annual savings to our many loyal and valued customers—including 9 of the top 10 payers across the country. Lyric’s solutions leverage the power of machine learning, AI, and predictive analytics to empower health plan payers with pathways to increased accuracy and efficiency, while maximizing value and savings. Lyric’s strong relationships as a trusted ally to customers resulted in recognition from KLAS as 'true partner' and 'excellent value for investment,' with a top score for overall customer satisfaction and A+ likelihood to recommend in their October 2023 Payment Integrity and Accuracy Report. Discover more at Lyric.ai. The FP&A Analyst helps the Finance team drive financial visibility, cost discipline, and revenue forecasting across the organization. This position will be responsible for managing operating expenses (OPEX), conducting in-depth financial analysis, and supporting revenue modeling efforts to improve forecast accuracy and decision-making. The analyst will work cross-functionally with business leaders to monitor spending, identify cost efficiencies, and ensure financial plans align with strategic goals. In addition to financial analysis will support FP&A systems and process improvements, helping to implement and optimize planning tools that reduce manual Excel efforts and enhance reporting capabilities.

Responsibilities

• Maintain the OPEX budgeting and forecasting process, ensuring accuracy and alignment with business objectives.
• Track, analyze, and report on actual vs. budgeted expenses, providing insights on variances and cost drivers.
• Partner with department leaders to monitor spending, improve forecast accuracy, and drive cost efficiencies.
• Develop and maintain departmental financial reports to provide visibility into spending trends and opportunities for optimization.
• Assist in identifying cost-saving initiatives and operational efficiencies to enhance profitability.
• Support revenue modeling efforts, assisting in forecasting, variance analysis, and scenario planning.
• Analyze key revenue drivers and their impact on financial performance, helping to identify risks and opportunities.
• Collaborate with cross-functional teams to align OPEX planning with revenue expectations, ensuring a holistic financial strategy.
• Assist in developing financial models to support business decisions, strategic initiatives, and long-term planning.
• Play a key role in the implementation and optimization of a new FP&A planning tool, reducing reliance on manual Excel work.
• Assist in transitioning financial models, budgets, and forecasts into the new system, ensuring seamless integration.
• Help develop automated financial reports and dashboards to improve efficiency and real-time decision-making.
• Identify opportunities to streamline FP&A processes, enhance data accuracy, and improve financial reporting capabilities.
• Act as a financial partner to business stakeholders, providing insights to help drive strategic decision-making.
• Work closely with department heads to ensure financial plans align with operational and strategic priorities.
• Prepare financial presentations and materials for the VP of FP&A and executive leadership team, supporting key meetings and discussions.
• Assist in the creation of quarterly and annual financial reports, board presentations, and other executive summaries.

Requirements

• Bachelor’s degree in Business, Finance or a related discipline.
• Minimum of two (2) years Finance experience.
• Minimum of two (2) years experience in an FP&A role supporting expense management and/or revenue forecasting.
• Prior experience using an FP&A planning tool (ie Pigment, Anaplan, OneStream, Planful).
• Advanced excel.

Nice-to-haves

• MBA in Finance.
• Experience in ARR Snowball modeling for a SaaS company.
• Experience in the healthcare industry.
• Experience with NetSuite, Oracle, SAP or other ERP preferred.
• Strong understanding of financial reporting and analysis, accounting, revenue, and financial systems.
• Proven ability to develop strategic relationships with business partners.
• High level of motivation, creativity, vision and initiative.
• Very strong communication, both written and verbal.

Benefits

• The US base salary range for this full-time position is: $69,120.00 - $103,680.00.
• The specific salary offered to a candidate may be influenced by a variety of factors including but not limited to the candidate’s relevant experience, education, and work location.
• Please note that the compensation details listed in US role postings reflect the base salary only, and does not reflect the value of the total rewards compensation.