Senior Financial Analyst - Hyderabad, TS

UHG Hyderabad, Telangana

About the Job

Primary Responsibilities:

  • Support the submission of timely, accurate, and complete financial regulatory reports, associated audits, and responses to regulatory inquiries, and internal and external ad-hoc requests

  • Support the completion and submission of all regulatory financial reports for the select markets

  • Coordinate the completion of regulatory audits of these financial regulatory reports, work with the appropriate internal health plan personnel, business unit financial and operational staffs

  • Field regulatory desk review inquires and any supplemental ad-hoc requests

  • Analyze, design, develop, and implement data and process models related to new program, product and area expansion requirements

  • Support the accurate completion of all required financial reports within mandated deadlines

  • Support that regulatory financial reports are compliant with regulatory requirements

  • Review applicable state communications and stay current on multiple state financial reporting requirements

  • Assist in the preparation of written responses to routine inquiries and questions received from state regulatory agencies related to the financial regulatory reports

  • Regularly update the management as reporting requirements change

  • Support a wide range of state reporting efforts

  • Review and interpret financial statements

  • Validate source data received from multiple sources (i.e. claim processing systems, data warehouses, Excel models, GL, etc.)

  • Cross check and final data validation of tables of the required fillings

  • Participate in the process improvement and automation initiatives designed to reduce number of man hours involved in the filing process and increase accuracy of reported data

  • Work extensively with IT, Actuarial, Medical Economics, and Accounting departments especially during times of business and technology changes

  • Understand the implications of, for example, transition to new claim processing system and be able to operationalize the change in the least disruptive way

**Shift: 2:30PM-12:00AM (India Time); 6:00PM-3:00AM (US Shift - India time)**

Required Qualifications:

  • Bachelor’s degree in Accounting or equivalent

  • Experience in Financial Accounting

  • End user experience in usage of MS Access

  • Expertise in Financial Analysis

  • Proficiency in MS Excel word

  • Strong working knowledge of Generally Accepted Accounting Principles (GAAP)

  • Strong analytical and project management skills

  • Excellent oral and written communication skills

  • Excellent organizational and follow up skills

  • Strong interpersonal skills, ability to work with all levels of management across all functional areas and local, regional, and corporate entities

  • Change Agent capability, working with management to identify value-added opportunities and develop creative approaches to problem solving related to financial regulatory reporting

  • Ability to think outside the box

  • Ability to perform effectively in matrix relationships

  • Ability to understand and influence the necessary and appropriate actions to ensure completion and filing of all required reports by mandated deadlines

  • Attention to detail

  • Flexible for long hours in case of urgency

Preferred Qualifications:

  • Chartered Accountant or MBA (Finance) or equivalent

  • Previous experience in preparing financial schedules for regulatory agencies

  • Strong working knowledge of Statutory Accounting Principles (SAP)

  • Knowledge of SQL, SAS, VB, Essbase, PeopleSoft

  • Ability to demonstrate technical and financial understanding of facility, physician and other provider claim submissions and contracts, claim system operations, and the resulting manipulation of data into financial and IBNR reporting information used for financial regulatory reporting

Careers with Optum. Here's the idea. We built an entire organization around one giant objective; make the health system work better for everyone. So when it comes to how we use the world's large accumulation of health-related information, or guide health and lifestyle choices or manage pharmacy benefits for millions, our first goal is to leap beyond the status quo and uncover new ways to serve. Optum, part of the UnitedHealth Group family of businesses, brings together some of the greatest minds and most advanced ideas on where health care has to go in order to reach its fullest potential. For you, that means working on high performance teams against sophisticated challenges that matter. Optum, incredible ideas in one incredible company and a singular opportunity to do your life's best work.(sm)

Job Keywords: Senior Financial Analyst, Financial Analyst, Financial Analysis, Financial Accounting, Finance, Accounting, Accountant, Accountancy, Generally Accepted Accounting Principles, GAAP, Change Agent, Hyderabad, Telangana