Sr Product Line Financial Analyst

Medical Mutual - Brooklyn, OH

Full-time - Mid Level

Brooklyn, OH

1,001-5,000 employees

Insurance Carriers and Related Activities

About the position

Medical Mutual, founded in 1934, is the oldest and one of the largest health insurance companies based in Ohio, providing peace of mind to over 1.2 million members through a variety of high-quality health, life, disability, dental, vision, and indemnity plans. The company offers both fully insured and self-funded group coverage, including stop loss, as well as Medicare Advantage, Medicare Supplement, and individual plans. The position involves preparing various financial, operational, product line, and ad hoc analyses to facilitate sound business decisions. The role also provides support for business leads in developing, evaluating, measuring, and reporting on product line improvement initiatives, as well as supporting the development of product line forecasts. This position has the option to work in a hybrid model, with a preference for Greater Cleveland residents.

Responsibilities

• Analyzes product line profitability and makes recommendations for improvement
• Supports product line improvement initiatives, working with 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, including incorporation of all relevant business initiatives and pricing assumptions
• Assist 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
• MBA preferred
• 5 years of progressive finance or financial planning and analysis experience
• Professional Certification(s): CPA preferred
• Advanced Microsoft Office skills, including Access
• Working knowledge of company core systems and interrelationships

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
• Tuition reimbursement up to $5,250 per year
• Diverse, inclusive and welcoming culture with Business Resource Groups