Benefits Financial Analyst
Full Time
Englewood, CO 80112
$29.16 - $42.28 an hour
Posted
Job description
Overview
CommonSpirit Health was formed by the alignment of Catholic Health Initiatives (CHI) and Dignity Health. With more than 700 care sites across the U.S. from clinics and hospitals to home-based care and virtual care services CommonSpirit is accessible to nearly one out of every four U.S. residents. Our world needs compassion like never before. Our communities need caring and our families need protection. With our combined resources CommonSpirit is committed to building healthy communities advocating for those who are poor and vulnerable and innovating how and where healing can happen both inside our hospitals and out in the community.
Responsibilities
Job Summary / Purpose
Support the overall service delivery related activities, specific to data analysis, consistent with the overall financial management and budgeting of benefit plans across CommonSpiritHealth’s enterprise. Responsibilities include data management and calculations as they relate to: cost projections, budgeting, reporting and vendor analytics for over $2 billion annual worth of plans including medical, pharmacy, life, short and long term disability, flexible and health spending accounts, vision, dental, paid-time-off benefit programs and retirement plans. This position collaborates with the Finance and Analytics System Manager, Senior Analyst, System Director, Health and Welfare Benefits and the Benefits CoE team to align the financial direction of enterprise-wide benefit plans with CommonSpirit Health Mission, Vision, Values and business objectives. This position is also responsible for working with Finance and the Health and Welfare Benefits team to ensure that CommonSpirit’s benefit programs are consistently reported and accurate within system, division and various business lines by using analytic and benchmarking tools and survey data.
Essential Key Job Responsibilities
Qualifications
Minimum Qualifications
Required Education and Experience
Bachelor’s degree from a four-year college or university or equivalent education and experience.
Required Minimum Knowledge, Skills, Abilities and Training
Minimum of one year of Finance and Data analysis required.
Must possess finance experience. Must have an understanding on industry plans, trends, vendors, administrators, and financing arrangements. Must have knowledge of finance calculation and analysis reporting. Must be fluent in reporting tools such as Microsoft Excel and Google sheets. Some benefits experience and knowledge is preferred, but not required.
Pay Range
$29.16 - $42.28 /hour
CommonSpirit Health was formed by the alignment of Catholic Health Initiatives (CHI) and Dignity Health. With more than 700 care sites across the U.S. from clinics and hospitals to home-based care and virtual care services CommonSpirit is accessible to nearly one out of every four U.S. residents. Our world needs compassion like never before. Our communities need caring and our families need protection. With our combined resources CommonSpirit is committed to building healthy communities advocating for those who are poor and vulnerable and innovating how and where healing can happen both inside our hospitals and out in the community.
Responsibilities
Job Summary / Purpose
Support the overall service delivery related activities, specific to data analysis, consistent with the overall financial management and budgeting of benefit plans across CommonSpiritHealth’s enterprise. Responsibilities include data management and calculations as they relate to: cost projections, budgeting, reporting and vendor analytics for over $2 billion annual worth of plans including medical, pharmacy, life, short and long term disability, flexible and health spending accounts, vision, dental, paid-time-off benefit programs and retirement plans. This position collaborates with the Finance and Analytics System Manager, Senior Analyst, System Director, Health and Welfare Benefits and the Benefits CoE team to align the financial direction of enterprise-wide benefit plans with CommonSpirit Health Mission, Vision, Values and business objectives. This position is also responsible for working with Finance and the Health and Welfare Benefits team to ensure that CommonSpirit’s benefit programs are consistently reported and accurate within system, division and various business lines by using analytic and benchmarking tools and survey data.
Essential Key Job Responsibilities
- Strategy - Collaborates with the Finance and Analytics System Manager, Senior Analyst, Health and Welfare Benefits and the Benefits CoE to ensure that the strategic financial direction of health, welfare plans, time off programs and retirement programs are aligned with CommonSpirit’s Mission, Vision, Values, business objectives and local needs. In collaboration with System VP, Employee Benefits, System Director, Health and Welfare Benefits, System Director, Retirement Plans and System Director, Well-Being and Engagement supports development of benefit plan strategies, designs, financial projections and monitors/reports benefits cost. Manages all financial, budgeting and data analytics/reporting projects for all enterprise-wide and divisional benefit projects.
- Health, Welfare and Wellness Financial Management - Supports the accurate portrayal of data regarding current and future benefit cost management, health, welfare, time off benefit utilization and cost and utilization; works closely with consultants/actuaries, benefits team and system finance group to ensure full collaboration on financial matters impacting benefit programs including the development of financial controls. Working with the Finance and Analytics Manager, System Director, Health & Welfare Benefits, manages the development of self-insured rates, including assumption development, rollout of renewal rates to divisions and communications to CommonSpirit Health leadership throughout the process for all health and welfare plans. Accurately manages and audits data designs for detailed budgeting advice regarding division finance and HR leaders for fiscal year benefits budget projections of greater than $1 billion. Plays major role in the support of CommonSpirit’s annual system-wide benefit and departmental operational budget cycle including fiscal year assumptions and guidance, ongoing tracking of budget performance and long range projections.
- Retirement Plan Financial Management – Supports the information provided to division finance leaders with monthly accrual for annual non-Elective Contribution. Works closely with the Finance and Analytics Manager, Retirement Plans to support team in calculation of final annual 401(k) non-Election Contribution and 401(k) Match True-Up calculations for CHI 401(k) Retirement and Savings plan accommodating various lines of business and plan designs totaling over $150 million annually. Provides financial/budgeting support to System Director, Retirement Plans and divisions as needed.
- Data analytics/Reporting/Compliance – Supports data analytics, data tracking and reporting developed for benefits team, HR, divisions, local markets and CommonSpirit Health leadership to manage programs and CommonSpirit workforce by using CommonSpirit’s data warehouse; develop and manage ongoing performance communications tools, including dashboards, benchmarking and ad hoc reporting. In addition, responsible for legally required/compliance benefits reporting – Affordable Care Act eligibility, IRS reporting, etc.
- Merger & Acquisitions – Supports benchmarking data for current benefits in relation to the rest of CommonSpirit Health as well as their local market and line of business. Collaborates with the Finance and Analytics Manager, HR Transactions and Benefit Integration on the transition to CommonSpirit’s benefit programs. This work includes providing cost/savings analysis related to the transition to CommonSpirit benefit programs.
- Benchmarking – Supports financial and benchmarking information sharing among CommonSpirit divisions to enhance strategic direction relative to local benefit programs, local business needs or specific enterprise business/strategic needs.
- External Partner Management – In collaboration with the Finance and Analytics Manager, Senior Analyst, and System Directors of the Benefits Team, manages relationships with external partners including actuaries and consultants to set expectations and monitor their performance.
- Collaboration with HR Support Services and Technology and Finance/Accounting – Collaborates with members of HR Support Services and Technology and Finance/Accounting teams on ongoing benefit work, financial benefits audits, controls and ad hoc projects as assigned.
Qualifications
Minimum Qualifications
Required Education and Experience
Bachelor’s degree from a four-year college or university or equivalent education and experience.
Required Minimum Knowledge, Skills, Abilities and Training
Minimum of one year of Finance and Data analysis required.
Must possess finance experience. Must have an understanding on industry plans, trends, vendors, administrators, and financing arrangements. Must have knowledge of finance calculation and analysis reporting. Must be fluent in reporting tools such as Microsoft Excel and Google sheets. Some benefits experience and knowledge is preferred, but not required.
Pay Range
$29.16 - $42.28 /hour
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