Financial Analyst

Financial Analyst

The vision of Colorado Access is to have healthy communities transformed by the care that people want at a cost we can all afford. Our mission is to partner with communities and empower people through access to quality, affordable care.

Why should you consider a career with Colorado Access?

We are a Colorado-based company, working to improve the health of our state. We care for individuals, families, and children who receive health care under Child Health Plan Plus (CHP+) and Health First Colorado (Colorado's Medicaid Program). Our focus is driving improvements in quality, member experience, outcomes, and cost. We are a mission-driven organization whose foundation is built by our vision, supported by our values and pillared by diversity, equity and inclusion.

1. Find work/life balance: We offer PTO, floating holidays, nine company paid holidays, a hybrid work environment, an Employee Assistance Program and a 401K.
2. Be a part of something bigger and make an impact: We serve the underserved and most vulnerable populations in our community through access to quality and affordable health care. No matter what you do for Colorado Access, you are impacting our community and making a difference.
3. Sharpen your skills, learn, and grow: We support your continued development through tuition reimbursement, leadership training, promotion opportunities, performance evaluations, employee recognition, and a language pay stipend.

What you will do:

We are looking for a Financial Analyst who can help shape our vision and support our mission. Here is what the position will look like.

• Support all lines of business contracts through reports, analysis and reconciliations.
• Analyze monthly, quarterly and annual financial results to support corporate-wide financial reporting, operational insights, and leadership decision-making.
• Prepare, update, and maintain financial statements, reports and analysis with a strong working knowledge of the income statement and key financial drivers.
• Perform detailed monthly revenue and expense variance analysis; independent research, interpret, and clearly communicate drivers of change. Perform monthly reconciliations of provider payments, including incentive tracking and payment variance analysis; develop a strong understanding of payment methodologies and cost drivers.
• Prepare, review, and monitor journal entries impacting revenue and healthcare costs, ensuring accuracy and compliance with internal controls. Support senior-level analysts in new and ongoing healthcare costs (HCC) and revenue analyses by identifying trends, risks, and emerging issues.
• Respond to provider and internal stakeholder inquiries related to payments, revenue, and healthcare costs with clear, well-supported explanations.
• Assist with the preparation of state and regulatory reporting, including Medical Loss Ratio (MLR) and Medicaid Reporting Template (MRT) submissions.
• Partner with the Budget team to analyze changes in membership, revenue, and healthcare costs; contribute to forecasting and financial modeling for annual budget. Participate in forecasting and modeling to support the monthly rolling forecast and proformas.
• Work cross functionally with all departments to develop reports, explain data and support existing reporting requirement.
• Present monthly financial results, findings, trends, and variances during accounting close meetings and cross-functional forums and levels of the organization, including VPs and C-Suite Executives.
• Assist with internal and external audit information requests related to provider payments, incentives, membership, and revenue.

What you will bring:

Education: Bachelor's degree in health care related area or statistics, computer systems, finance or accounting. Equivalent combination of experience and/or education may substitute with a preference for four years progressive relevant work experience.

Experience: Minimum of three years' experience in analyst role, preferably in healthcare or health insurance. Demonstrated experience working with data reporting and analysis or financial analysis.

Knowledge, Skills, and Abilities: Must be proficient in MS-Office applications (Excel, Word, Power Point), excellent written and verbal communications skills are imperative; experience with Power BI is a plus. Healthcare, health insurance or medical background preferred.

Licenses/Certifications: A valid driver's license and proof of current auto insurance will be required for any position requiring driving.

Together we will be: an innovative and collaborative team who supports each other, the employees and vision of the company to reach our goals individually, together and as an organization.

Pay, Perks and Benefits at Colorado Access:

The compensation for this position is $65,900.00 - $80,600.00 annually. Colorado Access has provided a compensation range that represents its good faith estimate of what Colorado Access may pay for the position at the time of posting. Colorado Access may ultimately pay more or less than the posted compensation range. The salary offered to the selected candidate will be determined based on factors such as the qualifications of the selected candidate, departmental budget availability, internal salary equity considerations, and available market information, but not based on a candidate's sex or any other protected status.

In addition to being part of a mission driven organization serving our community, as an eligible Colorado Access employee, you'll receive a generous benefits package, that includes:

• Medical, dental, vision insurance that starts the first day of the month following start date.
• Supplemental insurance such as critical illness and accidental injury.
• Health care and dependent care flexible spending account options.
• Employer-paid basic life insurance and AD&D (employee, spouse and dependent).
• Short-term and long-term disability coverage.
• Voluntary life insurance (employee, spouse, dependent).
• Paid time off
• Retirement plan
• Tuition reimbursement (based on eligibility).
• Annual bonus program (based on eligibility, requirements and performance).

Where you will work:

This position will be a hybrid model work environment, a blend of 'In-Office' and 'Remote.'

We are not able to support out of state employees at this time as we continue to serve our members and community in the metro Denver area and across the beautiful state of Colorado.

Colorado Access is committed to providing equal opportunities to all people regardless of race, color, national origin, age, sex, genetic information, religion, pregnancy, disability, sexual orientation, veteran status or any other status protected by applicable law. We strive to maintain a work environment that is free from unlawful harassment and discrimination.