Manage weekly financial reporting, analyses, and forecasts
- Work with and supervise Analysts to update existing forecast models. Pull data, run reports and refresh analyses to follow trends for volumes, rates, sales and other key statistics that anticipate changes in results as compared to budget.
- Manager is expected to identify and explain both client level and macro industry trends that impact volume, revenue, rates, and costs included in forecasts.
- As business grows and changes Manager and Analysts reporting to Manager may be asked to assist with the creation or revision of forecast models, statistical analyses or reports.
Manage monthly financial analyses and forecast process.
- Review monthly results for individual business units within Healthcare. Monitor revenue, expense accounts and accruals that are unique to the business unit and its customer contracts.
- Manage the preparation of various volume, revenue, rate, and cost analyses to ensure monthly statements are reasonable given client mix, volume mix, relationships between accounts associated volume, revenue and cost accounts, and nature of costs as either fixed or variable.
- Answer variance questions from a variety of groups (Corporate Accounting, and Business Unit personnel).
- Assist with preparation of formal monthly variance analysis, forecasts and other reporting as required by Corporate Accounting.
Manage preparation of quarterly financial forecasts.
- Using information gained from weekly and monthly analyses and regular discussions with Sales, Client Service, Product Development, and other operational groups supervise the development of forecast assumptions.
- Supervise and assist with data pulls, modeling, detailed calculations, and loading of quarterly forecasts into the financial system in time to meet Corporate Accounting deadlines.
- Supervise and assist in preparation of various analyses associated with quarterly revenue, EBITDA and capital forecasts. Examples of possible requirements are: formal variance analysis, bridging of changes in assumptions and amounts between periods or forecasts, and summary level charts/graphs of key assumptions. Help share forecast and key assumptions with Business Unit leaders, and Corporate Accounting.
Manage preparation of annual budget
- Manager and direct reports will be assigned large sections of the Business Unit financial statements for budgeting. Building on knowledge gained during weekly forecasting, monthly analyses, quarterly forecasts and conversations with various other Business Unit and Sales leaders, develop budget assumptions.
- Work one on one with others in the Business Unit to gather information for the annual budget. Examples of discussion topics and budget considerations: 1) expected sales, 2) client retention, 3) expected renewal pricing and volume levels, 3) staffing, 4) new product development, and 5) usual, one-time revenue or expenses. Manager is expected to challenge Business Unit personnel to improve results and forecast accuracy by using professional skepticism in making assumptions for budget items such as the likelihood of sales, new business start dates, existing client price changes and the addition of new costs.
- Manage preparation of analyses needed to share final budget with Corporate Accounting and Business Unit team members. Analyses include: bridging of changes in assumptions and amounts between budget and prior year, variance analyses, summary of key assumptions and high level charts/graph to illustrate assumptions/balances.
Support Sales and Client Services in efforts to obtain new business and renew existing business.
- Participate in meetings and discussions with Sales, Client Services and other Business Unit team personnel that concern strategy for selling and renewing large clients and targets. Provide client or target profitability analyses, pricing scenarios, and other trend information to help the group. Modeling and scenarios consider: nature of services provided, costs of service, relationship with customer, and potential for competitive bids. Manager is expected to contribute to discussion beyond the numbers, obtaining an understanding of marketing and long term strategic nature of the deal.
- Assist with Sales and Marketing reporting by inputting finance approval, revenue estimates, and other key contract terms into SalesForce for sales and large existing client renewals.
- Provide profitability and pricing analyses to support new products or services as needed. Interaction with IT, Sales, Marketing, Product Development, Client Services and other Business Unit personnel is necessary to understand scope of service, components of costs and value of idea.
- Supervise the monitoring of contractual provisions in existing contracts to ensure clauses with financial implications such as: volume based pricing, CPI increases, minimum fees, multi-service discounts and client bonuses are not overlooked by Sales and Business Unit personnel and are accounted for properly in financial results and forecasts.
- 3-5 years related work experience (including experience leading a team of people)
- Bachelor’s degree with concentration in economics, business, finance or accounting
- CPA Certification a plus
- Proficiency in use of Excel and other Microsoft Office software applications; experience with Oracle Performance Management reporting and analysis tool or an equivalent tool is highly desired.
- Fluency in Spanish is desired but not required.
- Intellectual curiosity and ability to think through problems from start to finish and see possible causes and solutions. Anticipate consequences or impact of decisions. Flexibility to view issues from various points of view. Capacity to make practical decisions that work within Inmar’s business and culture.
- Knowledge of finance, generally accepted accounting principles, and economic principles. Ability to understand, document and flow chart operational processes.
- Ability to proceed independently, prioritize, and manage multiple tasks requiring extensive follow-up and timely completion of projects with minimal instruction.
- Demonstrated strong oral and written communication skills. Must have interpersonal and negotiating skills to work in a collaborative, team environment. Ability to generate consensus, deal with conflicts appropriately and can take an unpopular stand.