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Financial Analyst

Company: Lighthouse Group
Location: Grand Rapids
Posted on: November 11, 2019

Job Description:

Objective The Financial Analyst will support the rapidly growing operations of the Lighthouse Group Benefits division. This position will be responsible for updating and delivering monthly, quarterly, and ad hoc financial reports with a focus on identifying trends and variances, investigating causes, and communicating results to client teams. The Financial Analyst needs to work in conjunction with fellow team members and outside analytics platform support personnel to research, prototype, and pilot emerging analytics tools and platforms. Communication with team members, carrier partners, and third party vendors is required.
Responsibilities and Duties

  • Assist teams with monthly, quarterly, and annual client proposals, presentations, and reporting
  • Own and maintain all dashboards, ongoing reports, and ad hoc requests from team members
  • Acquire carrier data necessary to complete assigned reports and audit to ensure accuracy of data received
  • Maintain an efficient and organized data filing system
  • Compile and analyze pre-renewal, renewal, carrier claims/utilization reports
  • Interpret data; analyze results using statistical techniques and provide ongoing reports and analysis
  • Provide guidance/recommendations regarding alternate funding to client teams
  • Produce 40+ financial reports monthly, including total cost reports and loss ratio analyses
  • Create and continue to build templates for all core and ad hoc reports as directed
  • Create complex/customized financial reports such as: cost projections, single or multi-year budgets, analysis/modeling of plan design changes, and IBNR analysis as directed
  • Identify data cleansing opportunities within our source systems and suggest ways to improve data accuracy and/or collection of new data points
  • Work as an essential team member to meet deadlines and perform peer reviews
  • Present data findings and deliver takeaways in simple and easy-to-understand ways
  • Act as part of the client team and engage in carrier and client relations as needed
  • Locate and define new process improvement opportunities
  • Create and maintain a positive work environment - build trust, open communication, creative thinking & cohesive teamwork
  • Support Lighthouse Group culture through leading by example
  • Performs other duties and projects as required
    Desired Qualifications and Experience
    • Bachelor's degree in Computer Science, Information Management, Statistics, Mathematics, or related
    • Minimum of 5 years in the healthcare industry
    • Carrier or actuarial experience a plus
    • Excellent Microsoft Excel skills
    • Experience with analysis of benefits, claims data, and plan design (self-funded and fully-funded)
    • Experience with Tableau or Power BI software
    • Ability to be self-directed, can work independently and as part of a team
    • Ability to use both verbal and written communication skills effectively in group and one-on-one sessions
    • Ability to manage multiple projects at one time
    • Superior attention to detail, accuracy, timeliness, and meeting deadlines
    • Hold Michigan insurance license and keep current at all times
      Compensation Structure
      • Competitive base salary
      • Monthly phone allowance
        Location
        • Grand Rapids, MI

Keywords: Lighthouse Group, Grand Rapids , Financial Analyst, Accounting, Auditing , Grand Rapids, Michigan

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