Financial Analyst

Company:  Medical Mutual of Ohio
Location: Brooklyn
Closing Date: 03/11/2024
Hours: Full Time
Type: Permanent
Job Requirements / Description

Note, this is a hybrid role reporting to Brooklyn, Ohio.Founded in 1934, Medical Mutual is the oldest and one of the largest health insurance companies based in Ohio. We provide peace of mind to more than 1.6 million Ohioans through our high-quality health, life, disability, dental, vision and indemnity plans. We offer fully insured and self-funded group coverage, including stop loss, as well as Medicare Advantage, Medicare Supplement, and individual plans.ResponsibilitiesFinancial Analyst IIIProvides analysis and accurate and timely financial information. Generates management reports and interfaces with corporate departments where necessary. Works independently to solve problems, complete special projects, and conduct monthly activities. Acts as a resource for colleagues with less experience.· Supports corporate departments, both within and outside of Finance, with generating forecasts and analyzing trends in various business areas. Duties also include compiling and reviewing the budgets for corporate departments, taking into consideration actual performance, previous expenditures, and estimated expenses and income.· Assists in the creation and creates financial models of complex "what if" scenarios for business planning decisions relative to new products, new territories, new projects, and other important aspects of the Company's business.· Performs various accounting duties including preparing journal entries and preparing account reconciliations. Duties could also involve maintaining accurate spending records and establishing measures for budgetary control.· Analyzes income statements and prepares reports and makes recommendations to management.· Performs more complex research and studies as needed (examples include rates of return, depreciation, investments, and other areas as required).· Limited supervisory interactions with management. Coaches, mentors, and provides guidance on daily activities to other staff members.· Performs other duties as assigned.Senior Financial AnalystProvides complex analysis and accurate and timely financial information. Generates management reports and interfaces with corporate departments where necessary. Works independently to solve problems, complete special projects, and conduct monthly activities. Acts as a resource for colleagues with less experience.· Supports corporate departments, both within and outside of Finance, with generating forecasts and analyzing trends in various business areas. Duties also include compiling and reviewing the budgets for corporate departments, taking into consideration actual performance, previous expenditures, and estimated expenses and income.· Analyzes income statements and prepares reports and recommendations to management.· Performs various accounting duties including preparing journal entries and preparing account reconciliations. Duties could also involve maintaining accurate spending records and establishing measures for budgetary control.· Performs more complex research and studies as needed (examples include rates of return, depreciation, investments, and other areas as required).· Limited supervisory interactions with management. Coaches, mentors, and provides guidance on daily activities.· Stays abreast of industry trends and developments in order to propose solutions to management regarding any related business or accounting ramifications.· Performs other duties as assigned.QualificationsFinancial Analyst III· Bachelor's degree with Accounting, Finance, or Business Administration major.· 4 years progressive accounting or finance experience.· MBA or representative experience preferred.· Certified Public Accountant (CPA) or equivalent preferred.· Intermediate MS Office skills, including MS Access.· Intermediate knowledge of accounting rules and concepts and ability to apply the appropriate accounting standards to the relevant job duties.· Some knowledge of rates of return, depreciation, investments.· Proficient in the use of other automated accounting systems and an ability to serve as a training resource to junior staff members relative to the relevant systems.Senior Financial Analyst· Bachelor’s degree with Accounting, Finance, or Business Administration major.· 5 years progressive accounting or finance experience preferred.· MBA or representative experience preferred.· Certified Public Accountant (CPA) or equivalent preferred.· Advanced Office skills, including MS Access.· Advanced knowledge of accounting rules and concepts and ability to apply the appropriate accounting standards to the relevant job duties.· Knowledge of rates of return, depreciation, investments, portfolio covariance analysis.· Proficient in the use of other automated accounting systems and an ability to serve as a training resource to junior staff members relative to the relevant systems.Medical Mutual is looking to grow our team! We truly value and respect the talents and abilities of all of our employees. That's why we offer an exceptional package that includes:A Great Place to Work:We will provide the equipment you need for this role, including a laptop, monitors, keyboard, mouse and headset.Whether you are working remote or in the office, employees have access to on-site fitness centers at many locations, or a gym membership reimbursement when there is no Medical Mutual facility available. Enjoy the use of weights, cardio machines, locker rooms, classes and more.On-site cafeteria, serving hot breakfast and lunch, at the Brooklyn, OH headquarters.Discounts at many places in and around town, just for being a Medical Mutual team member.The opportunity to earn cash rewards for shopping with our customers.Business casual attire, including jeans.Excellent Benefits and Compensation:Employee bonus program.401(k) with company match up to 4% and an additional company contribution.Health Savings Account with a company matching contribution.Excellent medical, dental, vision, life and disability insurance — insurance is what we do best, and we make affordable coverage for our team a priority.Access to an Employee Assistance Program, which includes professional counseling, personal and professional coaching, self-help resources and assistance with work/life benefits.Company holidays and up to 16 PTO days during the first year of employment with options to carry over unused PTO time.After 120 days of service, parental leave for eligible employees who become parents through maternity, paternity or adoption.An Investment in You:Career development programs and classes.Mentoring and coaching to help you advance in your career.Tuition reimbursement up to $5,250 per year, the IRS maximum.Diverse, inclusive and welcoming culture with Business Resource Groups.About Medical Mutual:Medical Mutual’s status as a mutual company means we are owned by our policyholders, not stockholders, so we don’t answer to Wall Street analysts or pay dividends to investors. Instead, we focus on developing products and services that allow us to better serve our customers and the communities around us.There’s a good chance you already know many of our Medical Mutual customers. As the official insurer of everything you love, we are trusted by businesses and nonprofit organizations throughout Ohio to provide high-quality health, life, disability, dental, vision and indemnity plans. We offer fully insured and self-funded group coverage, including stop loss, as well as Medicare Advantage, Medicare Supplement and individual plans. Our plans provide peace of mind to more than 1.2 million Ohioans.We’re not just one of the largest health insurance companies based in Ohio, we’re also the longest running. Founded in 1934, we’re proud of our rich history with the communities where we live and work.We maintain a drug-free workplace and perform pre-employment substance abuse and nicotine testing.Title: Financial AnalystLocation: OH-BrooklynRequisition ID: 2400443

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