Company Statement

For the last 80 years, EmblemHealth has been taking care of New York’s heart and soul, its people. Today, health care is more complex than ever. That’s why we’re at the forefront of change. We work alongside our customers to offer access to high-quality, affordable care, help navigate the health care experience, and make good health achievable; because everyone deserves to be taken care of. We deliver on our mission every day by living our values with our colleagues, members, clients and partners. It begins with caring and respecting all those we work with. We believe a culture of diversity and inclusion is vital to serve our unique and diverse customers. We seek for continues improvement and innovation and believe being agile and nimble is our advantage. We bring a strong sense of partnership to every relationship – internally and externally. The EmblemHealth family of companies offers competitive health, welfare, and retirement benefits as well as incentive pay plans and more.


To protect the health and safety of our workforce, members, patients, and the communities we serve, the EmblemHealth family of companies require all new employees to be fully vaccinated for COVID-19. Exemption/reasonable accommodations may be granted because of 1) a qualifying medical condition or disability that makes getting the vaccine unsafe for the individual, or 2) objection on the basis of sincerely held religious beliefs and/or practices.

Cost Planning Leader - remote opportunity

📁
Director and Equivalent
💼
EmblemHealth
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Summary:

  • Provide strategic guidance, lead, and manage EmblemHealth’s budgeting and forecasting processes by incorporating industry best practices; provide recommendations for cost saving strategies with department leads that would yield higher efficiency or lower costs to the company by performing deep analytic dives into the organizational data. 
  • Assist with developing EmblemHealth into a world class organization from the finance perspective by adding layers of analytics to all financial decisions and incorporating industry best practices to help guide the decisions.
  • Incorporate all existing and future financial reporting into the Oracle system; develop new reporting capabilities; help lead the effort in familiarizing the rest of the organization with its vast capabilities including training end users.
  • Evaluate and decide on proposed corporate expenditures.
  • Lead and oversee the department responsible for analyzing P&L analytics at all levels; support the business through regular meetings with department heads to discuss the impact of their respective budgets to business owners; and create detailed analyses of vendor spend by account and detailed analysis of FTE and associated personnel expenses. 

Responsibilities:

  • Lead and manage the corporate budget and forecast process for 125+ cost centers, including preparation, consolidation, distribution and revision of budgets, forecasts and related projects. 
  • Evaluate the leveraging of new technologies; make recommendations that will improve existing processes.
  • Coordinate regular meetings with department heads to review administrative expenses.
  • Provide recommendations and strategic insight to the business utilizing industry best practices to illustrate inconsistencies and offer recommendations to improve efficiency and effectiveness of underlying cost structure.
  • Monitor the monthly budget performance at both a detailed and consolidated level; utilize deep dive analytics to develop reports; provide recommendations on corrective actions or adjustments that are communicated to senior management.  Provide consultations to departments in preparing budgets, forecasts and improvement recommendations to allow functional leaders to meet corporate goals.
  • Manage and foster a team that creates value-added value analysis and develop operational strategies for their clients.  Provide leadership to ensure that production and quality of work meets team, department and corporate goals. Create a thorough support process and participate in day to day project management planning and scheduling, including business resource allocation to prioritized activities.
  • Encourage team members to develop new ways to present data, explain variances and think outside of the box. Encourage proper communication between each of the analysts and the business; develop new ideas and put them into action when appropriate. Perform other duties as assigned or required.

Qualifications:

  • Bachelor’s Degree in Business Administration, Healthcare Administration, Finance, Accounting or related; Master’s preferred
  • 10+ years’ experience, including 8+ years of financial reporting/analysis and experience managing financial analysts. (R)
  • 3 – 5 years of health care experience. (P)
  • Must have a general understanding of health insurance. (R)
  • Understanding of accounting principles, financial analysis and budgeting. (R)
  • Must have a thorough understanding of (Oracle based) financial systems and Excel in addition to legacy Hyperion system, forecasting and financial analysis; experience with Hyperion Essbase or Planning. (R)
  • Detail oriented, with analytical skills, and the ability to identify issues and recommend solutions (R)
  • Ability to listen and communicate effectively, grasp complex concepts and situations quickly, maintain positive working relationships within the department and with professionals from other departments.  (R)
  • Experience influencing senior leaders to implement cost / effectiveness initiatives (R)
  • Ability to effectively organize, establish work priorities and meet deadlines (R)
  • Must be able to “think outside of the box” to create analyses that are relevant and actionable. (R)
     

EEOC Statement

We are committed to leveraging the diverse backgrounds, perspectives and experiences of our workforce to create opportunities for our people and our business. We are an equal opportunity/affirmative action employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, protected veteran status or any other characteristic protected by law.

Sponsorship Statement

Depending on factors such as business unit requirements, the nature of the position, cost and applicable laws and regulations, EmblemHealth may provide work visa sponsorship for certain positions.

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