Location: OaklandFull Time Job ID: 48583 Job Posting
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Position Base: Oakland
UC OFFICE OF THE PRESIDENT
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The University of California, one of the largest and most acclaimed institutions of higher learning in the world, is dedicated to excellence in teaching, research and public service. The University of California Office of the President is the headquarters to the 10 campuses, six academic medical centers and three national laboratories and enrolls premier students from California, the nation and the world. Learn more about the UC Office of the President
The Office of Risk Services provides administration of a large self-funded program, UC Student Health Insurance Plan ($300+ million annually). The financial analyst is supervised by the UC SHIP Executive Director, in Risk Services at UC Office of the President (UCOP). The Financial Analyst is responsible for the daily financial management, vendor financial management, internal audits and budget allocation concerning the program and manages the premium collection processes across our participating campus Student Health Services.
The Financial Analyst will oversee the financial aspects with a understanding of practices and internal and external policies and procedures. The Financial Analyst provides guidance in administering the programs in regard to funding position, forecasting enrollment and other requirements that pertains to the funding and budget of the program. Problems/issues addressed are of a diverse scope where management of issues or data requires in-depth evaluation of variable factors. The position requires collaboration with a diverse group of colleagues and business partners in a complex organizational structure, internal at the Office of the President and system wide. Traveling to the various UC Student Health campuses on a scheduled and needed basis is required. The Financial Analyst must have strong self-initiative and be able to prioritize and complete multiple projects on tight timeframes. Uses advanced professional concepts and organizational objectives to resolve complex issues in creative and effective ways. Works on complex issues where analysis of situations or data requires an in-depth evaluation of variable factors. Exercises judgment in selecting methods, techniques, and evaluation criteria for obtaining results. Contacts are both internal and external to the department at all levels.
Manage the daily financial operations and controls for UC Student Health Insurance Plan (UC SHIP).
Create and ensure timely and accurate reporting to executive management, appropriate committees and the Executive Oversight Board (EOB).
Provide financial analysis and reports to constituents and stakeholders on a regular basis.
Provide program Executive Director and Program Managers with financial analyses and reports as needed and requested. Financial and / or resource analysis could include budgetary analysis, financial analysis, forecasts, projections, recharge or student health charges) student fees (self-supporting programs.) Applies advanced professional concepts to perform complex technical analysis to understand past performance and determine present and future performance and / or resource allocations.
Manage the financial position of program with the general accounting and benefit accounting teams of the UC general ledgers transactions.
Verify the validity and accuracy of data and premiums in excess of $300 million annually.
Manage the program's fiscal and plan year. Monitor actual versus budgeted estimates that appear on program income statement; track balances.
Calculate pro-rated premiums for early-start groups and newborns.
Create annual premium workbooks for campuses to use.
Establish standard forms to use with campuses. Create annual premium workbooks for campuses to use.
Close and clear accounts for fiscal year-end reporting.
Manages financial audits of program.
Responsible for providing analytical support for highly complex budget, financial, and resource projects dealing directly with major department managers and/or outside constituents.
Coordinate processes and procedures with internal UC finance and accounting teams.
Ensure that the program tracks to resources/budget, scope, and timeline and be able to hold others accountable.
Work closely with program's Executive Director to monitor for process efficiencies and best practices.
Coordinates the gathering of budgetary and resource requirements information during planning stages, such as the annual budget process.
Reviews and approves advanced financial transactions.
Develops and makes recommendations on internal policy / procedural changes that affect functional area.
Serves as liaison with internal and external constituents.
5%: Create and maintain financial manual, including documentation for all responsibilities and process flows (banking documents, policies & procedures, etc.).
5%: Review vendor financial reports for accuracy and alignment with UCOP benefits program goals and directions. Proactively manage financial impacts of changes, program risks and devise mitigation plans to avoid or minimize impact. Independently interface with outside consultants, including actuaries and other vendor partners. Manage amounts due to vendors.
5%: Other duties, issues and projects as assigned.
Minimum of 8 years of experience in a financial or accounting role (pertaining to administration of health benefit programs is preferred) experience, such as a CPA, which would demonstrate the individual's knowledge, skill, and ability to perform the essential duties and responsibilities listed above.
Advanced knowledge of finance policies, practices, and systems.
Ability to identify, collect, and analyze information from multiple sources.
Advanced ability to effectively present complex finance related information both verbally and in writing in a clear and concise manner.
In depth ability to use multiple spreadsheet and database software tools to gather information for specialized, complex financial analysis, fiscal management, and financial reports.
Advanced interpersonal skills at all levels within the organization; advanced service orientation and critical thinking skills; and attention to detail. In depth ability to use organizational skills to multi-task in a high volume environment.
Ability to adapt to changing priorities.
Ability to function as a member of a team.
Advanced knowledge and understanding of internal control practices and their impact on protecting University resources.
Preferred Qualifications: Experience with Oracle planning and budget systems
Bachelor's degree in Business Administration, Mathematics, Finance, Accounting, Economics or an allied field.
Advanced degree in related area and / or equivalent experience / training preferred.
This position has been approved for a hybrid (onsite and remote) work arrangement within California. The person hired will be required to report to work onsite in Oakland, CA on a regular basis.
SALARY AND BENEFITS
Job Title: Financial Analyst 4
Job Code: 007710
Salary Grade: 24
Payscale: $118,000 - $135,000, commensurate with experience
The University of California, Office of the President, is required to provide a reasonable estimate of the compensation range for this role. This range takes into account the wide range of factors that are considered in making compensation decisions including but not limited to experience, skills, knowledge, abilities, education, licensure and certifications, and other business and organizational needs. It is not typical for an individual to be offered a salary at or near the top of the range for a position. Salary offers are determined based on final candidate qualifications and experience. The full salary range shows the growth potential for this position and the pay scale is the budgeted salary or hourly range that the University reasonably expects to pay for this position.
Benefits: For information on the comprehensive benefits package offered by the University visit: Benefits of Belonging
HOW TO APPLY
Please be prepared to attach a cover letter and resume with your application.
APPLICATION REVIEW DATE
The first review date for this job isFebruary 27, 2023. The position will be open until filled.
Smoke Free Work Environment: The University of California, Office of the President, is smoke & tobacco-free as of January 1, 2014. UC Smoke & Tobacco Free Policy
August 2021 Update: The University of California has issued a policy requiring employees to be fully vaccinated against COVID -19 before physically accessing the University location or programs. Upon hire into a UCOP position, you will be provided detailed instructions on how to comply with this policy including access to the COVID vaccination at no cost. New hires to UCOP who work onsite or will come onsite for any activities at a UCOP or other UC location must comply with this policy within 8 weeks after their start date. The policy allows for employees to request approval for an exception or deferral. UC COVID-19 Vaccine Policy
The University of California, Office of the President, is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, age or protected veteran status. EEO/AA Employer UC Nondiscrimination Policy
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The UCPath Center is the transactional hub for human resources, payroll, benefits, general ledger, workforce administration and academic processes across the entire University of California system.Located in Riverside, California, the UCPath Center will serve more than 200,000 employees from each UC campus and medical center as well as vendors, location administrators, and policy makers from the University of California Office of the President.