Financial Planning and Analysis Financial Analyst III

Job Summary

The Financial Planning and Analysis Financial Analyst III is involved in the preparation of the annual budget and forecast. This position is a key contact for operating budget matters and supports Division Chiefs and Directors on operational spending analysis. This position prepares, consolidates, and analyzes budgets for L.A. Care Health Plan; including Operating Budget, Forecasts, Monthly Variance Reports, Strategic Reports and Long Range Plans. Other duties include assistance with financial statement analysis, preparing reports for presentation, and other ad hoc reports. The position interacts with members of the management team and other department staff to assist in the development of the annual budget/forecast.

Acts as a Subject Matter Expert, serves as a resource and mentor for other staff.

Duties

Develop budget/ forecast data models (for projecting membership, estimating revenue and cost of healthcare expense categories, and calculating administrative costs). Consolidate revenue, cost of healthcare and administrative expenses. Compile annual budget book and narratives for approval by senior staff and governing bodies. Assist individual cost centers in developing the budget. Timely development of a manageable and reasonable budget.

Create, analyze, and disseminate variance reports to aid Senior Management with decision making. Support Division Chiefs and Directors on monitoring departmental spending and actual vs. budget variance analysis.  Actively participate and lead assigned areas for the development of the budget, monthly and quarterly financial review, and long-range financial forecast based on expected operations and business conditions. Perform complex financial analysis of specific capital and extraordinary projects and make recommendations to management. Serve as a Finance liaison with other departments. Prepare and present staff reports and other necessary documents. Support and act as consultant to other departments and managers.

Applies subject expertise in evaluating business operations and processes. Identifies areas where technical solutions would improve business performance. Consults across business operations, providing mentorship, and contributing specialized knowledge. Ensures that the facts and details are correct so that the project’s/program's deliverable meets the needs of the department, organization and legislation's policies, standards, and best practices. Provides training, recommends process improvements, and mentors junior level staff, department interns, etc. as needed.

Perform other duties as assigned.

Duties Continued

Education Required

Education Preferred

Experience

Required:
At least 5 years of experience analyzing data in a financial context.

Experience with financial data for Medi-Cal population.

Preferred:
Previous experience in accounting, budgeting and forecasting is a strong plus.

Skills

Required:
Extensive knowledge and demonstrated ability to analyze complex issues and present findings and recommendations to senior management in a logical and understandable manner.

Excellent analytical, organizational, and presentation skills.

Superior attention to detail

Strong understanding of GAAP and Finance Concepts.

Understanding of accruals, operating costs vs. capital costs
Advanced/Expert skills in Excel on V-Lookup and pivot tables.

Proficient in SharePoint maintenance.

Ability to multitask and meet constant deadlines.

Proven ability to work effectively with others in a team-oriented environment.

Preferred:
SQL skills and budget system development skills.

Licenses/Certifications Required

Licenses/Certifications Preferred

Required Training

Physical Requirements

Additional Information