Product Line Financial Analyst

Medical Mutual - Brooklyn, OH

Full-time - Entry Level

Brooklyn, OH

1,001-5,000 employees

Insurance Carriers and Related Activities

About the position

The Product Line Financial Analyst position at Medical Mutual involves analyzing product line profitability and supporting improvement initiatives. The role requires collaboration with management and business leads to develop, evaluate, and measure expected outcomes, while maintaining regular reporting on product line performance. This position is essential for facilitating sound business decisions through various financial analyses and forecasts.

Responsibilities

• Analyzes product line profitability and makes recommendations for improvement.
• Supports product line improvement initiatives, working with management and business leads to develop, evaluate, and measure expected outcomes.
• Maintains regular reporting of product line improvement initiatives, providing status on execution as well as potential and realized financial impact.
• Assists with annual and periodic forecasts of product line performance, incorporating relevant business initiatives and pricing assumptions.
• Assists accounting and actuarial staff in evaluating monthly and quarterly product line performance, including variance analysis on drivers of performance.
• Maintains working knowledge of applicable product line performance indicators (cost/unit, utilization/1000, generic substitution rate, etc.).
• Performs other duties as assigned.

Requirements

• Bachelor's degree in accounting, business administration, or finance.
• 3 years of progressive finance or financial planning and analysis experience for Product Line Financial Analyst; 5 years for Senior Product Line Financial Analyst.
• Professional Certification(s): CPA preferred.
• Advanced Microsoft Office skills, including Excel for Product Line Financial Analyst; Access for Senior Product Line Financial Analyst.
• Working knowledge of company core systems and interrelationships.

Nice-to-haves

• MBA preferred for Senior Product Line Financial Analyst.

Benefits

• Employee bonus program.
• 401(k) with company match up to 4% and an additional company contribution.
• Health Savings Account with a company matching contribution.
• Excellent medical, dental, vision, life, and disability insurance.
• Access to an Employee Assistance Program.
• Company holidays and up to 16 PTO days during the first year of employment.
• Parental leave for eligible employees after 120 days of service.
• Career development programs and classes.
• Mentoring and coaching for career advancement.
• Tuition reimbursement up to $5,250 per year.