The ideal candidate will possess strong foundational accounting skills and be responsible for key transactional and analytical tasks. This includes preparing and booking journal entries in accordance with company policies, generating and managing customer invoices to ensure accuracy and timeliness, and researching and resolving customer claims or discrepancies. The role requires attention to detail, problem-solving capabilities, and the ability to work cross-functionally to address billing and accounting issues efficiently.

Primary responsibilities include analyzing costs, preparing financial reports and providing recommendations to leadership for lines of business according to established policies, guidelines and methodologies. Prepare journal entries and analyses in conjunction with month end close process and meet monthly deadlines.

• Depending on area supporting, duties may vary.
• Analyzes complex financial information and reports; provides accurate and timely financial recommendations to management for decision making purposes.  
• Develops sophisticated financial models.  Provides recommendations based upon evaluation of financial trends and forecasts.
• Evaluates and monitors the efficiency and performance of programs, ensuring program execution is on target.
• Manages dashboard reporting by tracking monthly, quarterly and annual revenue and expenses.
• Obtains a thorough understanding of operating infrastructure of Strategic Business Unit(s) (SBUs) operations to be able to proactively analyze and identify opportunities for cost savings and revenue enhancements. 
• Regularly reviews historical operating results and proactively identifies and analyzes potential revenue enhancement and cost saving opportunities.
• Performs a variety of pro forma financial and operating analyses as requested to support proposals.
• Reviews and understands fluctuations across SBUs in delivering cost of care and variations in cost of care.  Differentiates impact of rate versus utilization variations.
• Supports SBUs by providing information, responding to questions and resolving complex problems and issues.
• Other special projects as assigned.

The job duties listed above are representative and not intended to be all-inclusive of what may be expected of an employee assigned to this job. A leader may assign additional or other duties which would align with the intent of this job, without revision to the job description.

Other Job Requirements

Responsibilities

Ability to understand and analyze complex data sets and frame it to actionable analysis.
Understanding of the financial structure and business practices of the managed care industry.
Strong PC skills are essential, with advanced skills in Excel and Hyperion Essbase or other large enterprise financial software.

General Job Information

Title

Senior Financial Analyst

Grade

27

Work Experience - Required

Finance

Work Experience - Preferred

Accounting

Education - Required

Bachelor's - Accounting, Bachelor's - Finance

Education - Preferred

Master's

License and Certifications - Required

License and Certifications - Preferred

Salary Range

Salary Minimum:

$77,785

Salary Maximum:

$124,455

This information reflects the anticipated base salary range for this position based on current national data. Minimums and maximums may vary based on location. Actual pay will be adjusted based on an individual's skills, experience, education, and other job-related factors permitted by law.

This position may be eligible for short-term incentives as well as a comprehensive benefits package. Magellan offers a broad range of health, life, voluntary and other benefits and perks that enhance your physical, mental, emotional and financial wellbeing.

Magellan Health, Inc. is proud to be an Equal Opportunity Employer and a Tobacco-free workplace. EOE/M/F/Vet/Disabled.
Every employee must understand, comply with and attest to the security responsibilities and security controls unique to their position; and comply with all applicable legal, regulatory, and contractual requirements and internal policies and procedures.