Senior Analyst - Financial Planning and Analysis

$53,500 - $118,100/Yr

Health Care Service Corporation - Chicago, IL

Full-time - Mid Level

Chicago, IL

Insurance Carriers and Related Activities

About the position

The Senior Analyst - Financial Planning and Analysis at HCSC is responsible for supporting Internal Operations and Enterprise Portfolio Management in the development and monitoring of enterprise budgets and projects. This role involves analyzing trends, gathering performance metrics, making presentations to management, identifying risks, and recommending process improvements. The analyst will also review financial reports, handle complex business models, and coach team members in their development.

Responsibilities

• Provide support to Internal Operations and Enterprise Portfolio Management in developing and monitoring enterprise budgets and projects.
• Analyze and research trends to determine applicable intervention activities.
• Gather and analyze key enterprise performance metrics and communicate these metrics from detail to summary level.
• Make presentations to all levels of management within the organization.
• Identify risks/issues and assist in making recommendations on process improvements within Internal Operations and the Enterprise Portfolio.
• Review analysis of financial reports prepared by the team, including variance analysis and staffing analysis.
• Present and advise management on budget to forecast and review budget for accuracy.
• Handle complex business/financial models and business case cost estimation and benefit determination.
• Build new complex models and differentiate savings between models affecting the same operation.
• Review existing models for accuracy and build new complex models regarding cost structure and funding processes.
• Analyze cost-saving opportunities by reporting and measuring against metrics to assess financial success.
• Create quarterly IT capital forecasts and forecasts for IT core budgets.
• Perform and review monthly company-wide reconciliation of purchasing data to the asset database.
• Maintain up-to-date knowledge of IT receiving, shipping, and asset tracking contracts.
• Perform special studies, develop reports, and participate in the analysis of corporate projects and programs.
• Coach and mentor team members in business knowledge and skill development.

Requirements

• Bachelor's Degree in Accounting, Business, Economics, or Finance and 5 years of business experience in corporate financial reporting and budgeting or IT operational functions in IT Financials, OR 8 years of business experience in corporate financial reporting and budgeting or IT operational functions in IT Financials.
• Knowledge of tools/applications used within Internal Operations and/or Project Accounting experience with at least one tool or comparable (Clarity, Oracle, etc.).
• Experience in project portfolio budget preparation.
• Customer service skills including managing customer expectations and/or vendor relationships.
• Clear and concise written and verbal communication skills.
• Presentation, interpersonal, organizational, and analytical skills.
• PC proficiency including Word, Excel, MS Access, and PowerPoint.
• Detail-oriented.

Nice-to-haves

• Experience in corporate budgeting, accounting, and financial analysis.
• Experience serving as primary Budget Department contact, providing guidance and training in budgeting and financial planning.
• Experience reviewing and evaluating budget requests and providing recommendations in support of project portfolio funding decisions.
• Experience developing journals/re-classes and performing monthly reconciliations.
• Experience creating complex financial reporting and providing financial insights for senior/executive leadership decision-making.
• Adaptability and ability to manage change.
• Experience with resource management.