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Financial Operations Analyst

Anticipated End Date:

2025-04-18

Position Title:

Financial Operations Analyst

Job Description:

Financial Operations Analyst

Location: This position will work a hybrid model (remote and office). The Ideal candidate will live within 50 miles of one of our Elevance Health PulsePoint locations.

The Financial Operations Analyst will be responsible for completing financial activities for the purpose of accurate and timely reporting both internally and externally. Assists in the development of technical solutions to complex business issues by creating spreadsheets to be utilized by lower-level positions. Maintains performance management reporting. Supports accurate balance sheet/P&L reporting. Focus is more experienced, tactical, transactional (exceptions transactions) based job.

How you will make an impact:

  • Performs tactical data analysis and may assist Analysts with moderately complex data analysis.
  • Communicates exception items with all relevant areas to ensure accuracy of data on an ongoing basis.
  • Provides tactical recommendations based on analysis of the data, business situation, and moderate knowledge of systems.
  • Receives and responds to escalated customer inquiries.
  • May contact management in operations, sales compensation, and sales
  • Works with processors regarding enrollment/billing issues.
  • Acts as liaison with bank regarding premium collection status.
  • Coordinates activities and provides training for lower-level associates.
  • Assists with system testing of IT related projects and the implementation of application software releases within the Finance organization.

Minimum Requirements:

Requires an AA/AS in accounting or finance and experience with relational databases and mainframe and client server report writers; or any combination of education and experience, which would provide an equivalent background.

Preferred Skills, Capabilities, and Experiences:

  • BA/BS degree preferred.
  • Experience in a finance/health insurance field capacity preferred.
  • Strong MS Suite experience preferred.

Job Level:

Non-Management Non-Exempt

Workshift:

Job Family:

AFA > Financial Operations

Please be advised that Elevance Health only accepts resumes for compensation from agencies that have a signed agreement with Elevance Health. Any unsolicited resumes, including those submitted to hiring managers, are deemed to be the property of Elevance Health.

Who We Are

Elevance Health is a health company dedicated to improving lives and communities – and making healthcare simpler. We are a Fortune 25 company with a longstanding history in the healthcare industry, looking for leaders at all levels of the organization who are passionate about making an impact on our members and the communities we serve.

How We Work

At Elevance Health, we are creating a culture that is designed to advance our strategy but will also lead to personal and professional growth for our associates. Our values and behaviors are the root of our culture. They are how we achieve our strategy, power our business outcomes and drive our shared success - for our consumers, our associates, our communities and our business.

We offer a range of market-competitive total rewards that include merit increases, paid holidays, Paid Time Off, and incentive bonus programs (unless covered by a collective bargaining agreement), medical, dental, vision, short and long term disability benefits, 401(k) +match, stock purchase plan, life insurance, wellness programs and financial education resources, to name a few.

Elevance Health operates in a Hybrid Workforce Strategy. Unless specified as primarily virtual by the hiring manager, associates are required to work at an Elevance Health location at least once per week, and potentially several times per week. Specific requirements and expectations for time onsite will be discussed as part of the hiring process. Candidates must reside within 50 miles or 1-hour commute each way of a relevant Elevance Health location.

The health of our associates and communities is a top priority for Elevance Health. We require all new candidates in certain patient/member-facing roles to become vaccinated against COVID-19 and Influenza. If you are not vaccinated, your offer will be rescinded unless you provide an acceptable explanation. Elevance Health will also follow all relevant federal, state and local laws.

Elevance Health is an Equal Employment Opportunity employer, and all qualified applicants will receive consideration for employment without regard to age, citizenship status, color, creed, disability, ethnicity, genetic information, gender (including gender identity and gender expression), marital status, national origin, race, religion, sex, sexual orientation, veteran status or any other status or condition protected by applicable federal, state, or local laws. Applicants who require accommodation to participate in the job application process may contact elevancehealthjobssupport@elevancehealth.com for assistance. Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state, and local laws, including, but not limited to, the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act.

Average salary estimate

$70000 / YEARLY (est.)
min
max
$60000K
$80000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Financial Operations Analyst, elevancehealth

If you're looking to make an impact in the financial realm, Elevance Health is on the hunt for a Financial Operations Analyst to join our team in Mason, OH! This hybrid position allows you to work both remotely and in the office, provided you're within 50 miles of one of our Elevance Health PulsePoint locations. As a Financial Operations Analyst, you’ll play a critical role in ensuring accurate and timely financial reporting. Your responsibilities will involve performing tactical data analysis, communicating with various departments to ensure data accuracy, and providing recommendations based on your analysis. You'll also have the chance to assist in developing solutions to complex business issues, helping to maintain performance management reporting, and supporting accurate balance sheet and P&L reporting. The role demands a high level of organization and the ability to manage tasks ranging from handling customer inquiries to training lower-level associates. Ideally, you have an AA or AS degree in accounting or finance, coupled with experience in relational databases and report writing. If you have a BA or BS degree and previous experience in finance or health insurance, that's even better. Join Elevance Health and be part of a culture that prioritizes your growth while making healthcare simpler for our communities. We offer a competitive benefits package, including health benefits, 401(k) matching, and wellness programs. Apply now and start your journey with a company dedicated to improving lives!

Frequently Asked Questions (FAQs) for Financial Operations Analyst Role at elevancehealth
What are the main responsibilities of a Financial Operations Analyst at Elevance Health?

As a Financial Operations Analyst at Elevance Health, your main responsibilities will include completing financial activities for accurate reporting, performing data analysis, communicating exception items, providing recommendations based on your analysis, and acting as a liaison for various operational matters. You'll work closely with different departments to ensure data accuracy and assist in the system testing of IT projects.

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What qualifications do you need for the Financial Operations Analyst position at Elevance Health?

To qualify for the Financial Operations Analyst position at Elevance Health, you typically need an AA or AS degree in accounting or finance. Experience with relational databases and report writers is crucial, though a BA or BS degree is preferred. Previous experience in a finance or health insurance capacity will also give you an edge in this role.

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How does Elevance Health support the growth of its Financial Operations Analysts?

At Elevance Health, we prioritize personal and professional growth for all our associates, including Financial Operations Analysts. We provide a culture that encourages development, offering training opportunities and performance management reporting support. Additionally, our comprehensive benefits package, including wellness programs and financial education resources, contributes to your ongoing success and growth.

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What is the work environment like for a Financial Operations Analyst at Elevance Health?

The work environment for a Financial Operations Analyst at Elevance Health is hybrid, allowing you to work both remotely and from the office a few times a week. This arrangement provides flexibility while ensuring collaboration with your team and exposure to the financial operations that are crucial to the role.

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What type of analysis will a Financial Operations Analyst perform at Elevance Health?

As a Financial Operations Analyst at Elevance Health, you'll perform tactical data analyses, assisting analysts with moderately complex analysis tasks. You'll communicate any exception items and review data trends to provide actionable recommendations, ensuring that our financial reporting is both accurate and timely.

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Common Interview Questions for Financial Operations Analyst
Can you explain how you approach data analysis as a Financial Operations Analyst?

When answering this question, it's important to highlight your systematic approach. You could say, 'I start by understanding the goals of the analysis, gathering the necessary data, and ensuring its accuracy. I then analyze the data to identify trends or exceptions, using this insight to make informed recommendations that can benefit the organization.'

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How do you ensure accuracy in financial reporting?

Discuss your methods for double-checking information and collaborating with others. Mention, 'I maintain accuracy by cross-referencing data across various reports. I engage with team members to verify assumptions where necessary and use software tools that can help identify discrepancies before finalizing any reports.'

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What tools and software are you familiar with for financial analysis?

Be sure to list specific tools you've used. You can respond with, 'I'm proficient in Excel, utilizing advanced functions for data manipulation. I also have experience with relational databases like SQL and financial software that aids in report generation and data analysis.'

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Describe a time when you provided a solution to a complex business issue.

Use the STAR method to answer. Start with the Situation, then explain the Task you identified. Follow with the Action you took and the Result you achieved, such as, 'In my last role, we faced recurring discrepancies in our reporting. I developed a more rigorous review process that decreased errors by 20%.'

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How do you prioritize your workload when managing multiple financial reports?

You might say, 'I prioritize by assessing deadlines and the impact of each report on decision-making processes. I always make a schedule and aim to tackle high-impact reports first, while also setting aside time for unexpected tasks that may arise.'

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What experience do you have in liaising with other departments?

You can say, 'In my previous role, I regularly communicated with sales and operations to understand their needs and addressed their inquiries promptly. This collaboration was crucial in ensuring accurate financial reporting and resolving related issues effectively.'

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How do you handle escalated customer inquiries?

It's useful to note your approach, such as, 'When faced with escalated inquiries, I first take the time to listen and understand the customer's concerns fully. Then, I work swiftly to address the issue and keep them informed throughout the process, which helps in building trust.'

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Can you give an example of how you have contributed to team training?

Reflect on your experiences, saying something like, 'I've often taken the initiative to create training materials and led sessions on financial reporting processes for new team members, ensuring they feel confident and prepared for their roles.'

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What do you believe is the most important skill for a Financial Operations Analyst?

You might want to say, 'Strong analytical skills are crucial for a Financial Operations Analyst. Being able to interpret data and recognize patterns quickly can lead to proactive decision-making that drives the business forward.'

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Why do you want to work at Elevance Health as a Financial Operations Analyst?

Customize your answer by connecting your values to those of Elevance Health. For example, 'I admire Elevance Health's commitment to improving lives and communities. I want to be part of an organization that values both its employees and the impact we can make in the healthcare industry.'

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EMPLOYMENT TYPE
Full-time, hybrid
DATE POSTED
April 7, 2025

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