Senior Financial Analyst - Hybrid
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DescriptionKforce's client, a publicly traded health care company in Rutherford, NJ is seeking a Senior Financial Analyst for a hybrid role. Summary: The Senior Financial Analyst supports the financial and operational evaluation of prospective Health Plan contracts, providing consulting and recommendations to ensure growth and profitability of third-party payors. The position is 3 days in the office and 2 days remote. This company offers excellent opportunities for advancement along with a year-end bonus and great benefits. Responsibilities:
- Performs all financial analyses required for prospective third-party contracts including the compilation of fee schedules, revenue projections, synergy analyses and -what-if- scenarios
- Ownership of full Profit & Loss statements along with related financial measures; Understanding of the drivers and inputs to each financial line item and/or financial measure
- Develops utilization and membership corridors and integrates such corridors into contracts where applicable to protect the Company from downstream risk with capitated arrangements
- Supports the development of standard premium priced tests, capitation carve-outs and overall pricing guidelines
- Serves as a content expert to regional leadership regarding third party contracts and pricing strategies
- Interfaces directly with regional leadership regarding the price, volume, and cost implications associated with new and existing third-party contracts
- Develops methods to streamline the pricing review and authorization process for third-party contracts
- Responsible for the completion of financial elements, and overall review of negotiation approval documents
- Interacts with Legal department during contract review and approval
- Performs specific test campaign analyses to determine the prospective revenue and volume impact for key test initiatives
- Bachelor's degree
- A minimum three years of relevant financial analysis with financial modeling experience
- Strong understanding of the healthcare industry and health plans specifically (product types, trends, etc.)
- Innovative thinker comfortable with ambiguity to complete tasks
- Ability to work effectively cross-functionally in a matrix environment and build/maintain relationships
- Excellent verbal and written communication skills
- Ability to work effectively both independently and within a team
- Strong PC skills (Excel, Access, PowerPoint, Word)
- Proficiency in Excel is non-negotiable (VLookups, Sumifs, Iferror, etc.)
- PC skills preferred (Power BI, SQL, Python)
The pay range is the lowest to highest compensation we reasonably in good faith believe we would pay at posting for this role. We may ultimately pay more or less than this range. Employee pay is based on factors like relevant education, qualifications, certifications, experience, skills, seniority, location, performance, union contract and business needs. This range may be modified in the future.
We offer comprehensive benefits including medical/dental/vision insurance, HSA, FSA, 401(k), and life, disability & ADD insurance to eligible employees. Salaried personnel receive paid time off. Hourly employees are not eligible for paid time off unless required by law. Hourly employees on a Service Contract Act project are eligible for paid sick leave.
Note: Pay is not considered compensation until it is earned, vested and determinable. The amount and availability of any compensation remains in Kforce's sole discretion unless and until paid and may be modified in its discretion consistent with the law.
Kforce is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, pregnancy, sexual orientation, gender identity, national origin, age, protected veteran status, or disability status.
By clicking “Apply Today” you agree to receive calls, AI-generated calls, text messages or emails from Kforce and its affiliates, and service providers. Note that if you choose to communicate with Kforce via text messaging the frequency may vary, and message and data rates may apply. Carriers are not liable for delayed or undelivered messages. You will always have the right to cease communicating via text by using key words such as STOP.
This job is not eligible for bonuses, incentives or commissions.
Freqently Asked Questions
In Rutherford's competitive market, mastering Excel features like VLOOKUP, SUMIFS, and IFERROR is vital for a Financial Analyst. These functions support detailed financial modeling and data analysis, essential for managing complex healthcare contracts and driving profitability in the healthcare sector.
Balancing three days onsite and two remote allows senior financial analysts at Kforce to collaborate closely with regional leadership while leveraging remote work flexibility. This model fosters focused financial evaluations, improving contract pricing accuracy and operational effectiveness.
Grasping capitation carve-outs equips Financial Analysts to protect their company from downstream financial risks associated with capitated contracts. This knowledge is crucial for negotiating sustainable health plan agreements that balance revenue with patient care costs.
While specific certifications vary, credentials like Certified Healthcare Financial Professional (CHFP) or CFA can enhance credibility in Rutherford’s healthcare market. These certifications demonstrate expertise in financial strategies tailored to health plans and third-party payor contracts.
At Kforce, the Senior Financial Analyst role uniquely blends healthcare contract expertise with hybrid work flexibility. The position emphasizes strategic pricing and cross-functional collaboration, offering clear pathways for advancement and comprehensive benefits uncommon in similar roles.
Kforce fosters career development through exposure to complex health plan contracts and leadership interactions. Analysts gain hands-on experience in financial modeling and decision-making, backed by excellent benefits and a supportive culture encouraging advancement within the healthcare finance sector.
Kforce offers a salary range for Senior Financial Analysts reflecting education, experience, and local market conditions in Rutherford. Compensation is influenced by qualifications, seniority, and performance, with potential year-end bonuses and competitive benefits enhancing total rewards.
Rutherford’s moderate cost of living can lead to competitive but balanced salary offers for financial analysts, often slightly below NYC rates. This allows employers like Kforce to provide attractive benefits while offering compensation aligned with regional economic factors.
Excel skills are crucial for manipulating complex datasets, conducting scenario analyses, and generating comprehensive profit & loss statements. At Kforce, this expertise ensures analysts accurately evaluate third-party contracts and support strategic financial decisions.
Senior Financial Analysts at Kforce collaborate closely with legal departments to review financial components of contracts. This partnership ensures pricing strategies comply with legal standards while safeguarding company profitability in health plan agreements.
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