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Position Summary

As an FP&A Manager, you will direct operations for the financial planning processes, including budgeting, forecasting, and long-term strategic planning. This role will allow you to conduct in-depth financial analysis to evaluate the financial performance of business units or initiatives, analyzing profitability, cost drivers, pricing strategies, and investment opportunities.

You will accomplish this by:

• Monitor the end-to-end profit & loss statements, reporting and budget & forecasting for the Aetna Better Health of Oklahoma. 
• Advise on latest updates from the state regarding rates adjustments / determinations / program changes and will report on the financial impact as well as determine rate adequacy for confirmation and/or follow up state discussions.
• Assist in inquiries by both the state and the Oklahoma Association of Health Plans regarding the market share, data submission for the purpose of rate setting and medical trend analysis on behalf of the Health Plan.
• Support month end close activities related to Membership, Revenue, Medical Expense, MBR and G&A. Present schedules/reports and variance analysis to Health Plan Finance Leadership. Work closely with Corporate Controllership/Actuarial Team to accurately reflect results in the financials.
• Strategic subject matter expert for all forecasting cycles with the approval of the Senior Manager and Health Plan CFO /CEO for reporting to the Enterprise
• Prepare monthly medical trend analysis for product performance and reporting of risk areas within medical lag and non-lag for mitigation by Clinical and Operational staff and participate in Medical Cost Trend meetings for the suggestion of mitigation and SAI efforts
• Creation and support of requisite and supplemental materials to assist in variance, close and forecast reporting to Health Plan leadership and Enterprise as needed

Required Qualifications
5 or more years of relevant experience

Preferred Qualifications

-Medicare and Medicaid experience

- Managed Care experience

- Budget and Forecasting

- Variance Analysis

- Advanced Modelling

- SQL Knowledge

Education

Bachelor’s Degree required; Preferably in Financial/Business discipline

Pay Range

The typical pay range for this role is:

$54,300.00 - $119,340.00

This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls.  The actual base salary offer will depend on a variety of factors including experience, education, geography and other relevant factors.  This position is eligible for a CVS Health bonus, commission or short-term incentive program in addition to the base pay range listed above. 
 
In addition to your compensation, enjoy the rewards of an organization that puts our heart into caring for our colleagues and our communities.  The Company offers a full range of medical, dental, and vision benefits.  Eligible employees may enroll in the Company’s 401(k) retirement savings plan, and an Employee Stock Purchase Plan is also available for eligible employees.  The Company provides a fully-paid term life insurance plan to eligible employees, and short-term and long term disability benefits. CVS Health also offers numerous well-being programs, education assistance, free development courses, a CVS store discount, and discount programs with participating partners.  As for time off, Company employees enjoy Paid Time Off (“PTO”) or vacation pay, as well as paid holidays throughout the calendar year. Number of paid holidays, sick time and other time off are provided consistent with relevant state law and Company policies.  
 
For more detailed information on available benefits, please visit Benefits | CVS Health

We anticipate the application window for this opening will close on: 02/24/2025

Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.