FP&A Manager

Job DescriptionManager, FP&A will help in achieving the financial and strategic goals of the California Market by providing decision support and financial analysis to optimize market results. Manage processes that control and monitor key business performance metrics (membership, revenue, yield/trends, etc.) Evaluate and analyze financial results relative to Budgets and Forecasts; knowledge of rate-volume analysis, membership, income statements, and other ad hoc analysis Assist team in analyzing and researching solutions to improve business results Technical expertise in financial systems/tools (HYP, Excel, Vlookup, indexing, database) Partner and collaborate with other financial disciplines (actuarial, underwriting, MEU, network, etc.) to complete projects and analytical objectivesManagerMembership Work with business partners (Market, Underwriting, Actuary) to provide current year and multi-year outlook under guidance of Sr Manager Owner of membership LE (latest estimate) and tracking; includes case specific tracking log for sales, terminations, and other significant membership changes Coordinate Transfers: CFO, Segment, Funding Participate in Best Estimate process under guidance of Sr ManagerBudgeting/Forecasting Membership (MRFM), Fee Model and other ad-hoc tools/reports to support Budget/Forecast processo MRFM input & reviewo Fee Model - support to Sr Managero Ad Hoc reports (i.e. AWH) - inputo Transfers - collect data and input into tools Premium & Fee Credits - input into forecasting tools; track forecast to forecast Review & validate membership, gross profit, and DOS reports - shared responsibility with Sr ManagerFinancial Close Analyze/monitor/modify monthly membership LE rollforward results and communicate to Sr manager and core finance Analyze/monitor monthly revenue results and recommend adjustments to Sr Manager and core finance Working with Sr Manager, identify/analyze drivers and present financial results relative to Budget, Forecast, History to business leaders and partners; drill into results outside expectations Monitor Premium Credit usage (at case level) and communicate to Sr Manager; work with underwriting to understand case level usage as well as future expectations Using standard reporting (HCIC, Actuary), analyze large claim activity and if needed, work with Sr Manager on drill downs Reporting Functions/Support Work with Sr Manager to analyze monthly Financial and DOS results (Hyperion/Flag) and highlight drivers Support Business Partners with financial and ad hoc reporting under guidance of Sr Manager Analyze monthly A/R results and work with billing unit to understand drivers and action plansPay RangeThe typical pay range for this role is:Minimum: 60,300Maximum: 126,600Please keep in mind that this range represents the pay range for all positions in the job grade within which this position falls. The actual salary offer will take into account a wide range of factors, including location.Required Qualifications5+ years of experience in Finance or Accounting. 5+ years' experience in healthcare/managed care with understanding of basic acumenPreferred Qualifications 5+ years' experience in healthcare/managed care with understanding of basic acumen Strong financial and analysis skills Strong organizational and time management skills to effectively manage multiple responsibilities and strict deadlines Ability to interact with various levels within the organization and to effectively employ both written and interpersonal skills in accomplishing job responsibilitiesEducationCollege Degree or equivalent experienceBusiness OverviewBring your heart to CVS Health Every one of us at CVS Health shares a single, clear purpose: Bringing our heart to every moment of your health. This purpose guides our commitment to deliver enhanced human-centric health care for a rapidly changing world. Anchored in our brand - with heart at its center - our purpose sends a personal message that how we deliver our services is just as important as what we deliver. Our Heart At Work Behaviors support this purpose. We want everyone who works at CVS Health to feel empowered by the role they play in transforming our culture and accelerating our ability to innovate and deliver solutions to make health care more personal, convenient and affordable. We strive to promote and sustain a culture of diversity, inclusion and belonging every day. CVS Health is an affirmative action employer, and is an equal opportunity employer, as are the physician-owned businesses for which CVS Health provides management services. We do not discriminate in recruiting, hiring, promotion, or any other personnel action based on race, ethnicity, color, national origin, sex/gender, sexual orientation, gender identity or expression, religion, age, disability, protected veteran status, or any other characteristic protected by applicable federal, state, or local law. We proudly support and encourage people with military experience (active, veterans, reservists and National Guard) as well as military spouses to apply for CVS Health job opportunities.

Created: 2025-11-01