2 Financial Modeling jobs in the United States
PHARMACY BENEFIT MANAGEMENT, FINANCIAL MODELING & ANALYSIS SME
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Job Description
FINANCIAL MODELING & ANALYSIS SME (PHARMACY, FINANCE, ACTUARIAL)
PHARMACY BENEFIT MANAGEMENT
CONTRACT TO HIRE
100% REMOTE
HOURLY RATE: $70/HR. W2
ALTA IT Services has a contract to hire opening for a Financial Modeling and Analysis expert with Pharmacy Benefit Management, PBM, expertise. This role provides critical support for financial modeling and forecasting related to pharmacy programs for a leading healthcare payer, in the Baltimore Maryland area.
The PBM Financial Modeling and Analyst role will oversee various financial functions such as budgeting, auditing, forecasting and analysis. Provide financial support to the business, including but not limited to cost accounting, revenue recognition, subcontractor financial management, At Risk coordination, forecasting and EAC development, variance analysis, invoice preparation/review and cash flow management (to include timely unbilled analysis/reconciliations). The role will interface regularly with project managers, account managers and business area directors. Supports large and/or complex projects.
Responsibilities include:
· Monitor and analyze market, clinical, legislative and regulatory data and events to assess the financial impact of proposed and ongoing pharmacy programs.
· Support financial planning by modeling benefit trends, utilization patterns, and policy changes.
· Provide financial input into product design and pricing strategies to ensure cost-effectiveness and sustainability, ensuring that the organization remains financially resilient and strategically prepared.
· Develop predictive financial models and translate actuarial insights into decision-ready outputs to support leadership, finance, and enterprise planning.
ESSENTIAL FUNCTIONS:
· 25% Plans and produces various financial reports. Analyzes trends, calculates and verifies data. Interfaces with other areas to develop reporting specifications, methods and procedures, and prioritizes requests.
· 25% Develops, coordinates, analyzes and verifies data and financial reports to produce the financial Plan for all areas of the Company. Creates and manages a database for Plan reporting. Develops specifications needed to generate statistics, develops methods and procedures for calculating data and presenting results.
· 25% Responds to manager, director, and executive inquiries, handles special requests, researches complex accounting issues. Communicate with corporate management on accounting/financial processes and regulatory requirements. Prepare financial data for presentation to upper management.
· 25% Coordinates, reviews and analyzes major financial report submissions to ensure corporate compliance with applicable regulations, laws or guidelines. Gathers, compiles and interprets information collected through financial analyses in order to identify trends and provide insight for decision making.
REQUIRED SKILLS
· Education Level: Bachelor's Degree, Accounting, Finance, related field or technical training
· 5 years of experience in finance, accounting or an analytical role within finance sector or quantitative analysis.
· In lieu of a Bachelor's degree, an additional 4 years of relevant work experience is required in addition to the required work experience.
· Advanced knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
· Proficient with financial analysis software (i.e., Delphi Technology, Oracle E-Business Suite Financials, Longview).
· Proficient with database entry and query software.
· Excellent communication skills both written and verbal.
PREFERRED QUALIFICATIONS
· CPA or MBA strongly preferred. Healthcare insurance industry experience is strongly preferred.
Please send an updated resume to Melissa McNally via for consideration.
System One and its subsidiaries are leaders in delivering outsourced services and workforce solutions across North America. We help clients get work done more efficiently and economically, without compromising quality. System One not only serves as a valued partner for our clients, but we offer eligible employees health and welfare benefits coverage options including medical, dental, vision, spending accounts, life insurance, voluntary plans, as well as participation in a 401(k) plan.
System One is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, age, national origin, disability, family care or medical leave status, genetic information, veteran status, marital status, or any other characteristic protected by applicable federal, state, or local law.
Financial Modeling Analyst
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Job Descriptions
This role primarily supports the production of analysis and financial modeling reporting materials for the Asset & Liability Committee (ALCO) process. This includes gathering and organizing raw data files, formatting reporting packages, producing initial reports, and analyzing outputs. Performs any functions within scope of authority and expertise to provide the highest level of service and responsiveness to customers and co-workers.
Responsibilities
- Work with multiple data sources to produce bi-weekly Asset & Liability Committee (ALCO) report
- Collect and validate all data sourced from Bank systems prior to loading the data into the ALCO model
- Understand the primary lines of business of the bank
- Produce ad-hoc analysis on a regular basis
- Learn the main features of various modeling tools that are used to produce ALCO analysis and reports
- Develop a deep understanding of the back-end modeling methods that are used in reporting and analysis
- Review policy and governance documents
- Maintain procedures manuals for all production processes in the department
- Manage the ALCO governance approvals and report calendar
- Demonstrate a genuine curiosity of the community banking balance sheet management, including interest rate risk, liquidity risk, and capital management
Requirements
Education
- Bachelor‘s Degree in finance, accounting, economics, or similar field is required
- 3-5 years of related experience is preferred
- Demonstrated ability to interact with executive management on a regular basis
- Working knowledge of Microsoft Visual Basic Application (VBA) is preferred
- Proficiency in MS Office Suite, especially Excel and PowerPoint. Experience with Power BI a plus.
- High attention to detail
- Ability to quickly understand and solve complex problems
- Ability to communicate effectively, both verbally and written
- Experience with ALM models (QRM, BancWare, Darling, ZMFS, Empyrean, etc.) a plus
- Understanding of option pricing methods, term-structure models, and Monte Carlo Simulation methodology preferred
EEO Statement
Middlesex Savings Bank is an EO/AA Employer: Min/Fem/Vet/Disabled
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