Financial Analyst – Indianapolis Health

Milliman is an independent company delivering market-leading services and solutions, and they are seeking a Financial Analyst to support consulting work with Medicaid state agencies. The role involves analyzing cost and expense reporting for healthcare entities and requires strong communication skills to convey insights effectively.

Responsibilities

• Collect, review, and provide feedback on cost and other financial reports submitted by third-party entities serving health and human service agencies
• Evaluate cost and other financial reports for compliance with provided instructions and applicable regulatory guidance
• Perform reconciliation of cost reports relative to a general ledger, encounter data, and/or audited financial statements
• Recognize and identify reporting errors and develop proposed solutions
• Communicate results to internal stakeholders, verbally and written, within all levels of our organization
• Perform ad-hoc reconciliations and work on special projects, as required
• Work both independently and collaboratively on projects
• Ensure quality assurance and peer review are completed on all client deliverables

Skills

• Foundational knowledge of accounting/financial statements and managerial/cost accounting for healthcare entities
• Understanding of insurance concepts such as reserving and premium rate setting
• Understanding of health economics concepts such as medical loss ratio, underwriting margin, cost and utilization metrics
• Experience with Microsoft Excel or other similar software in performing quantitative analysis
• Basic coding ability in one or more languages (e.g., SAS, R, SQL) with the desire to learn others
• Strong written and oral communication skills
• Ability to utilize critical thinking, exhibit problem solving capabilities, and demonstrate learning agility
• Organizational and time management skills, ability to prioritize and perform effectively in a fast-paced, deadline-driven environment
• Basic knowledge of Gen AI tools, how to utilize AI to enhance productivity, and potential ethical considerations or concerns
• Bachelor's degree in accounting, finance, business management, or a related field of study
• Advanced proficiency in Visual Basic for Applications (VBA) with a demonstrated ability to write, debug, and optimize complex macros and automation scripts, particularly within Microsoft Excel
• 1 to 3 years of full-time professional work or Internship experience in financial analytics, cost reporting, or related
• Master's degree in accounting, finance, business management, or a related quantitative field
• Experience working within a health-related company, and/or consulting firm environment(s)

Benefits

• Medical, Dental and Vision - Coverage for employees, dependents, and domestic partners
• Employee Assistance Program (EAP) - Confidential support for personal and work-related challenges
• 401(k) Plan - Includes a company matching program and profit-sharing contributions
• Discretionary Bonus Program – Recognizing employee contributions
• Flexible Spending Accounts (FSA) - Pre-tax savings for dependent care, transportation, and eligible medical expenses
• Paid Time Off (PTO) – Begins accruing on the first day of work. Full-time employees accrue 15 days per year, and employees working less than full-time accrue PTO on a prorated basis.
• Holidays - A minimum of 10 observed holidays per year
• Family Building Benefits including Adoption and fertility assistance
• Paid Parental Leave - Up to 12 weeks of paid leave for employees who meet eligibility criteria
• Life Insurance & AD&D - 100% of premiums covered by Milliman
• Short-Term and Long-Term Disability – Fully paid by Milliman

Company Overview