Associate Director of Finance- Eden Prairie, MN Hybrid
Company: Optum
Location: Eden Prairie
Posted on: October 10, 2024
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Job Description:
Optum is a global organization that delivers care, aided by
technology to help millions of people live healthier lives. The
work you do with our team will directly improve health outcomes by
connecting people with the care, pharmacy benefits, data and they
need to feel their best. Here, you will find a culture guided by
diversity and inclusion, talented peers, comprehensive benefits and
career development opportunities. Come make an impact on the
communities we serve as you help us advance health equity on a
global scale. Join us to start Caring. Connecting. Growing
together. The Associate Finance Director is responsible for
supporting regional general managers and product leaders in the
full P&L. The position will work with key leaders to ensure
sound financial analysis, sound financial decision making, and
appropriate financial and operating controls are in place. Primary
Responsibilities: Develop, translate and report on unit cost
measure across Optum, where appropriate, to drive better decision
making and reduce overall total cost of care across our business
portfolios Develop an in-depth understanding of the Optum cost
structure, in close partnership with business unit finance teams
Partner with business unit FP&A teams to review operating cost
metrics and processes, and understand underlying cost drivers
Understand, examine and articulate direct, indirect, fixed and
variable cost pools, including chargebacks, controllable and
non-controllable costs Understand what drives costs in each
business Report on Operating Cost Ratio, including pro forma views
and synthesize the story into key themes and key opportunities to
reduce/improve Support medical cost research and affordability
questions, as needed Drive Optum enterprise cost reduction
initiatives, as needed Lead monthly Optum SG&A review meetings
with Optum Finance leadership. Support product line profitability
and cost allocation methodologies; offer thought leadership around
how to refresh, automate and mature in this space Analyze and
synthesize operating expense trends; identify savings opportunities
and collaborate with cross functional teams to drive progress
against these opportunities Partner closely with Optum Financial
Consolidations team to provide complete story points on operating
costs Workforce / FTE analytics Collaborate with Human Capital
Analytics team to define and drive relevant reporting based on
needs and data availability Analyze trends; inform forecasting
process and document assumptions. Monitor forecasting accuracy.
Enhance FTE reporting and insights through a closer partnership
with business units during forecast cycles Analyze and synthesize
external contract labor data to identify opportunities, set targets
and work with segment finance teams to monitor progress against
established goals and targets. Research high dollar contractor
lists. Obtain a deeper understanding behind workforce savings
commitments and monitor Requisition governance analysis Partner
with ES&P to analyze travel trends, contract labor and
professional fees trends and cost savings opportunities, governance
and reporting cadence Spend analysis. In conjunction with ES&P
and Optum VMO, understand and analyze vendor spend, vendor
performance and consolidation opportunities Set spend reduction
targets and drive results across Optum, in conjunction with
business unit finance teams Reporting Lead a reporting team who
will: Complete monthly SG&A portrait reporting views Create and
maintain and Optum SG&A monthly scorecard Track cost savings
initiatives Support Monthly SG&A Review meetings by working
with FP&A teams to prepare materials Work closely with BU
Finance teams to understand committed and budgeted savings
initiatives, monitor, track and report on progress Present findings
and recommendations to management Other cost-related analyses, as
required You'll be rewarded and recognized for your performance in
an environment that will challenge you and give you clear direction
on what it takes to succeed in your role as well as provide
development for other roles you may be interested in. Required
Qualifications: Undergraduate degree in Accounting, Finance, or
related field 6+ years of progressive financial planning and
analysis or related experience Experience prioritizing & managing
demanding workloads with concurrent deadlines Proven solid
analytical skills and business acumen Proven trusted advisor and
partner to those we serve in the business Preferred Qualifications:
Proven excellent interpersonal relationship building and
communication (written and verbal) skills Proven to be assertive,
self-starting personality with a customer service attitude Proven
ability to deal with ambiguity and change At UnitedHealth Group,
our mission is to help people live healthier lives and make the
health system work better for everyone. We believe everyone-of
every race, gender, sexuality, age, location and income-deserves
the opportunity to live their healthiest life. Today, however,
there are still far too many barriers to good health which are
disproportionately experienced by people of color, historically
marginalized groups and those with lower incomes. We are committed
to mitigating our impact on the environment and enabling and
delivering equitable care that addresses health disparities and
improves health outcomes - an enterprise priority reflected in our
mission. Diversity creates a healthier atmosphere: UnitedHealth
Group is an Equal Employment Opportunity/Affirmative Action
employer and all qualified applicants will receive consideration
for employment without regard to race, color, religion, sex, age,
national origin, protected veteran status, disability status,
sexual orientation, gender identity or expression, marital status,
genetic information, or any other characteristic protected by law.
UnitedHealth Group is a drug - free workplace. Candidates are
required to pass a drug test before beginning employment.
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Keywords: Optum, Bloomington , Associate Director of Finance- Eden Prairie, MN Hybrid, Executive , Eden Prairie, Minnesota
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