Financial Analyst III (Insurance Risk)

About the role

The Financial Analyst III (Insurance Risk) will support the Director III of Financial Compliance in all aspects of the administration of CalOptima Health's corporate insurance programs. Under minimal supervision, you will interact directly with brokers, carriers and CalOptima Health business teams, including Legal, Human Resources, Contracting and Procurement and Vendor Management.

Responsibilities

• Supports the team in carrying out department responsibilities and collaborating with other departments to support short- and long-term goals/priorities for the department.
• Carries out annual renewals for all lines of insurance, including initiating application requests from insurance brokers, gathering coverage requirements from business units, compiling data for applications and submitting applications and supporting documents to brokers.
• Administers all aspects of CalOptima Health's insurance program, including monitoring receipt of and reviewing for accuracy all insurance binders, policies and endorsements; reviewing and processing premium payments; requesting certificates of insurance from brokers; maintaining policy files; reporting to state agencies as required; and responding to internal/external inquiries regarding insurance programs.
• Resolves claims with brokers/carriers in accordance with department and company policies and procedures.
• Calculates the allocation of insurance premiums to tenants for property management company and the allocation of annual insurance premiums to each owned property for the Budget team.
• Identifies and recommends solutions, including the implementation of new insurance coverages.
• Maintains compliance with insurance procedures.
• Collaborates with Procurement and Vendor Management with contract and insurance questions for construction related projects and conducts discussions with brokers as appropriate.
• Reviews and approves vendor Certificates of Insurance to ensure compliance with contractual requirements.
• Prepares annual Schedule of Insurance to capture details of all insurance programs and premiums.
• Prepares insurance program presentations for board of directors and sub-committees.
• Responds to requests from senior management pertaining to insurance programs as well as issues of interest to board of directors.

Requirements

• Bachelor's degree in business administration, finance, risk management and insurance or related field PLUS 5 years of financial analysis, risk management or broker experience required.
• Access to means of transportation for work away from the primary office approximately 5% of the time required.

Qualifications

• Health care industry experience.
• Contractual experience.
• Legal experience.
• Chartered Property Casualty Underwriter (CPCU) and/or Associate in Risk Management (ARM) designation.

Skills

• Develop rapport and establish and maintain effective working relationships with CalOptima Health's leadership and staff and external contacts at all levels and with diverse backgrounds.
• Work independently and exercise sound judgment.
• Communicate clearly and concisely, both orally and in writing.
• Work a flexible schedule; available to participate in evening and weekend events.
• Organize, be analytical, problem-solve and possess project management skills.
• Manage multiple projects and identify opportunities for internal and external collaboration.
• Motivate and lead multi-program teams and external committees/coalitions.
• Utilize computer and appropriate software (e.g., Microsoft Office: Word, Outlook, Excel, PowerPoint) and job specific applications/systems to produce correspondence, charts, spreadsheets, and/or other information applicable to the position assignment.

Benefits

A comprehensive benefits package including CalPERS pension program and additional retirement packages. Additional benefits and perks include: generous PTO program, quality work life balance, various wellness programs, tuition reimbursement, professional development opportunities, career development opportunities, flexible scheduling, and the satisfaction of knowing your work directly impacts and improves healthcare access for thousands of individuals and families.

Pay

The final salary offered will be based on education, job-related knowledge and experience, skills relevant to the role and internal equity among other factors. This position is approved for Full Office (**If the position is Telework, it is eligible in California only**)Possible partial telework after training period.

Schedule

Work is typically indoors and sedentary and is subject to schedule changes and/or variable work hours, with travel as needed.