Product Line Financial Analyst

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 1.2 million members 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.

Prepares various financial, operational, product line and ad hoc analyses in order to facilitate sound business decisions. Provides support for business leads in developing, evaluating, measuring, and reporting on product line improvement initiatives. Supports development of product line forecasts. Works under minimal supervision to solve problems, complete special projects, and conduct ad hoc activities.

This position has the option to work hybrid; Greater Cleveland, Ohio residents preferred.

Responsibilities

Product Line Financial Analyst III

• Analyzes product line profitability and makes recommendations for improvement.
• Supports product line improvement initiatives, supports management and business leads to develop, evaluate and measure expected outcomes.
• Maintains regular reporting of product line improvement initiatives, providing status on execution as well as potential and realized financial impact.
• Assists with annual and periodic forecasts of product line performance, including incorporation of all relevant business initiatives and pricing assumptions.
• Assist accounting and actuarial staff in evaluating monthly and quarterly product line performance, including variance analysis on drivers of performance.
• Maintains working knowledge of applicable product line performance indicators (cost/unit, utilization/1000, generic substitution rate, etc.).
• Performs other duties as assigned.

Senior Product Line Financial Analyst

• Analyzes product line profitability and makes recommendations for improvement.
• Supports product line improvement initiatives, working with business leads to develop, evaluate and measure expected outcomes.
• Maintains regular reporting of product line improvement initiatives, providing status on execution as well as potential and realized financial impact.
• Assists with annual and periodic forecasts of product line performance, including incorporation of all relevant business initiatives and pricing assumptions.
• Assist accounting and actuarial staff in evaluating monthly and quarterly product line performance, including variance analysis on drivers of performance.
• Maintains advanced knowledge of applicable product line performance indicators (cost/unit, utilization/1000, generic substitution rate, etc.).
• Performs other duties as assigned, with limited supervisory interactions with management Coaches, mentors, and provides guidance on daily activities.

Qualifications

Product Line Financial Analyst

Education and Experience:

Bachelor's degree in accounting, business administration or finance.

3 years of progressive finance or financial planning and analysis experience

Professional Certification(s):

CPA preferred

Technical Skills and Knowledge:

Advanced Microsoft Office skills, including Excel.

Working knowledge of company core systems and interrelationships.

Senior Product Line Financial Analyst

Education and Experience:

Bachelor's degree in accounting, business administration or finance. MBA preferred.

5 years of progressive finance or financial planning and analysis experience.

Professional Certification(s):

CPA preferred.

Technical Skills and Knowledge:

Advanced Microsoft Office skills, including Excel.

Working knowledge of company core systems and interrelationships.

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.