Neighborhood Health Plan Of Ri - Smithfield, RI

posted 3 months ago

Full-time - Mid Level
Remote - Smithfield, RI
Insurance Carriers and Related Activities

About the position

The Lead Revenue Analyst at Neighborhood Health Plan of Rhode Island will play a crucial role in the financial operations of the organization. This position involves utilizing the organization's financial systems, including the general ledger, to reconcile and analyze revenue streams. The analyst will frequently interact with key stakeholders to ensure accurate reconciliation of member-level information across various departments, the Executive Office of Health and Human Services (EOHHS), and other external entities as necessary. The responsibilities of the Lead Revenue Analyst include verifying the accuracy of revenue from external sources such as the State of Rhode Island, HealthSourceRI, and the Centers for Medicare & Medicaid Services (CMS). The analyst will be responsible for understanding new rate contracts with EOHHS and CMS, conducting rate comparison analyses, and collaborating with the Enrollment and Medical Management teams on activities related to member-level data reconciliation that impacts revenue recognition. In addition to these tasks, the Lead Revenue Analyst will serve as the Revenue Lead for all audits, which includes meeting with external auditors. The role also encompasses leading the preparation of budget and quarterly forecast activities, inputting all revenue changes into Oracle EPM, and assisting with quarterly revenue reporting to the State of Rhode Island and Milliman US, the organization's actuarial firm. The analyst will prepare the monthly revenue reporting package, update policies and procedures, and participate in team projects as assigned. Compliance with the Neighborhoods Corporate Compliance Program, Standards of Business Conduct, and applicable laws and regulations is also a critical aspect of this role. This position is hybrid, requiring four days in the office and one day working from home, with less than 5% domestic travel required.

Responsibilities

  • Verify the accuracy of revenue from external sources including the State of Rhode Island, HealthSourceRI, and CMS.
  • Understand new rate contracts with EOHHS and CMS, and conduct rate comparison analysis.
  • Collaborate with Enrollment on member level data reconciliation impacting revenue recognition.
  • Work with Medical Management on member level data reconciliation impacting revenue recognition.
  • Serve as Revenue Lead for all audits, including meetings with external auditors.
  • Lead the preparation of budget and quarterly forecast activities, inputting all revenue changes into Oracle EPM.
  • Assist with quarterly revenue reporting to the State of Rhode Island and Milliman US.
  • Prepare the monthly revenue reporting package.
  • Update policies and procedures as necessary.
  • Participate and take lead in team projects when assigned.
  • Comply with Neighborhoods Corporate Compliance Program and applicable laws and regulations.

Requirements

  • Bachelor's degree in Business Administration, Finance, Accounting, or a related analytical field.
  • 1 year of experience in financial analysis.
  • Exposure to finance and audit analysis in the healthcare and/or insurance industry.
  • Experience meeting with external auditors.
  • Track record of performing financial modeling, budgeting, forecasting, variance analysis, and financial analysis.
  • Knowledge of revenue flow for all lines of a business and financial statement preparation.
  • Proficiency in Excel and general ledger software.
  • Experience with analytic software including SQL, SAS, Tableau, and/or Cognos.
  • Familiarity with ERP software.
  • Strong critical thinking, analytical, and problem-solving skills.
  • Excellent verbal and written communication skills.
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