Financial Analyst – Healthcare Financial Analysis

Job Description

Financial Analyst Senior | Highmark

The Tone:
This is a full-time role at Highmark, located in Pittsburgh, PA, USA. Highmark is a leading health insurance company dedicated to improving the health and well-being of its members through comprehensive health plans and services. This role is crucial in ensuring sound financial management and strategic decision-making across the organization. You will provide critical financial analysis and insights to support business operations, regulatory compliance, and cost-efficiency initiatives.

The TL;DR
• Role: Full Time
• Type: Full-time
• Location: In-person – Pittsburgh, PA, USA
• Pay: $64522–$101003 yearly
• Mission: Analyzes financial and contractual results, trends, and performance to support business decisions and recommend improvements.
• Tech Stack: spreadsheet applications, database management

What You’ll Actually Do
• Financial Reporting: Record, classify, and summarize contractual transactions and financial events in accordance with generally accepted accounting principles, interpreting these for users across all organizational levels to support economic and business decisions.
• Budgeting & Planning: Develop and maintain processes, performing complex calculations to support both short-term and long-term strategic plans and operating budgets, including supporting the monthly close process, contracting, and generation of monthly and annual financial statements, potentially involving payor performance negotiations.
• Financial Analysis & Education: Provide expertise and educational support on budgeting, revenue recognition, reimbursement, and system/process changes, correlating revenue and expenses to volumes, and preparing reports to assist financial management in assessing overall performance.
• Regulatory Compliance: Evaluate, update, and maintain robust financial processes to support regulatory and third-party changes, prepare quarterly workpapers, manage annual audits, contribute to cost accounting functions, and assist with third-party cost reporting.
• Performance Monitoring: Conduct detailed variance analysis against expected budgets, forecasts, prior periods, modeling, or other revenue benchmarks to effectively support operational objectives and assess financial health.

The Must-Haves
• Background: Possess a Bachelor’s Degree in Accounting, Finance, Business Administration, or a related field, or demonstrate equivalent relevant experience and/or education as determined by the company; this is a senior-level financial analysis role requiring specialized knowledge.
• Experience: A minimum of four years of dedicated financial analysis experience is required, demonstrating a solid track record in financial management and analytical functions.
• Skills: Proficiently utilize spreadsheet applications and database management tools; exhibit a strong ability to interpret complex financial transactions and events; possess expertise in budgeting, revenue recognition, and reimbursement principles; and demonstrate strong capabilities in detailed variance analysis.
• Bonus: A Master’s Degree or equivalent experience is preferred, along with professional certifications such as CPA, CMA, FHFMA, CHFMA, or CRA. Experience in sponsored program administration and a demonstrated ability to understand and apply complex federal regulations and policies will be a significant advantage.