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Description

Introduction

Do you want to join an organization that invests in you as a Senior Benefits Financial Analyst? At HCA Healthcare, you come first. HCA Healthcare has committed up to $300 million in programs to support our incredible team members over the course of three years.

Benefits

HCA Healthcare, offers a total rewards package that supports the health, life, career and retirement of our colleagues. The available plans and programs include:

+ Comprehensive medical coverage that covers many common services at no cost or for a low copay. Plans include prescription drug and behavioral health coverage as well as free telemedicine services and free AirMed medical transportation.

+ Additional options for dental and vision benefits, life and disability coverage, flexible spending accounts, supplemental health protection plans (accident, critical illness, hospital indemnity), auto and home insurance, identity theft protection, legal counseling, long-term care coverage, moving assistance, pet insurance and more.

+ Free counseling services and resources for emotional, physical and financial wellbeing

+ 401(k) Plan with a 100% match on 3% to 9% of pay (based on years of service)

+ Employee Stock Purchase Plan with 10% off HCA Healthcare stock

+ Family support through fertility and family building benefits with Progyny and adoption assistance.

+ Referral services for child, elder and pet care, home and auto repair, event planning and more

+ Consumer discounts through Abenity and Consumer Discounts

+ Retirement readiness, rollover assistance services and preferred banking partnerships

+ Education assistance (tuition, student loan, certification support, dependent scholarships)

+ Colleague recognition program

+ Time Away From Work Program (paid time off, paid family leave, long- and short-term disability coverage and leaves of absence)

+ Employee Health Assistance Fund that offers free employee-only coverage to full-time and part-time colleagues based on income.

Learn more about Employee Benefits (https://careers.hcahealthcare.com/pages/employee-benefits-and-rewards)

_Note: Eligibility for benefits may vary by location._

You contribute to our success. Every role has an impact on our patients’ lives and you have the opportunity to make a difference. We are looking for a dedicated Senior Benefits Financial Analyst like you to be a part of our team.

Job Summary and Qualifications

As the Senior Benefits Financial Analyst, you will support employee benefits financial reporting, budgeting, and data management processes for the enterprise. You will establish and maintain monthly utilization and financial reporting. You will assist with developing annual employee benefits budgets for all COIDS, including analysis of cost allocations and trend drivers. You will interact with senior leadership teams as needed.

Job Responsibilities:

Employee Benefits Utilization & Cost Reporting

+ Assume primary responsibility and accountability for the $230 million-dollar monthly employee benefit expense allocation for HCA’s 200,000+ affiliated employees with allocations made to over 2500 entities. Facilitate the pooling of medical expenses.

+ Ensure that all employee benefit vendors/ invoices/wires/deposits related to benefits allocation are paid accurately and timely each month. Work with outsourcing vendor to ensure monthly employee benefits allocation and payment of over 100 health plans is accurate and timely. Initiate monthly vendor payments and wire transfer requests including voluntary employee benefits funding. Ensure fees and premiums are paid correctly. Monitor and respond to banking related issues and maintain awareness of account balances and escrow funding.

+ Respond to routine inquiries or concerns from facility CFO/Controllers regarding monthly allocations.

+ Update monthly allocation database that includes facility level detail on self-insured claims, fully insured premiums and ASO administration expense for medical, dental, absence management, wellness vendor, Health Reimbursement Accounts (HRA), vision, LTD, STD, life insurance, benefits administration fees, EAP, COBRA, Stop Loss and various voluntary plans and make reporting available for all facilities by way of Atlas.

+ Provide support for executive reporting for various components of $6.0B in annual benefits spend.

+ Facilitate reconciliation of monthly payments and cost allocation to facilities for accuracy and completeness and maintain compliance with SOX regulations and thresholds with reviewed/approved monthly reporting.

+ Quarterly Nevada Tax Reporting

+ Maintain monthly benefits allocation process reference guide.

+ Initial development of allocation compared to budget for review by Manager/Director for plan status communication to senior leadership.

+ Maintain fee master exhibit and annual preparations with outsourcing vendor for upcoming plan year calculations.

+ Annual rebuild of allocation templates/database to include all new plans, vendors, payments, deadlines, structure, etc.

+ Annual testing of premiums/fees/allocation, etc.

Executive Death Benefit Program

+ Assume primary responsibility and accountability for the remaining policies for the EDBP.

+ Provide information to participants regarding their plan and supporting detail and update beneficiary information (i.e., copy of the agreement, process for beneficiary payout upon their passing, tax information regarding the beneficiary payout, beneficiary update process).

+ Complete death claim process to receive participant settlement checks (i.e. submit death claim documentation for approval, send approved documentation to Heffner and Associates, send the settlement check to Accounting to deposit).

+ Work with beneficiaries to payout the benefit upon the participant passing (i.e. find the beneficiary contact information via internet/provider search, contact beneficiary and advise on process, request death certificate/W9, submit the documentation for approval, send the check to the beneficiary).

+ Request annual beneficiary payments in January.

+ Complete process for August and December COLI interest payments (i.e. submit interest payment documentation from Heffner and Associates for approval, send approved documentation to Treasury and request wire payment, send proceed checks to Accounting for deposit)

Misc Database Projects & Ad Reporting

+ Work with the Benefits COE leadership team to develop reporting to support strategy communications to senior leadership.

+ Provides analytic analysis and benefits utilization reporting support to business unit leaders and facility finance leaders using HR systems including Lawson, Business Objects and HR Insights, as well as MS Excel and PowerBI.

+ Delivers monthly utilization data and deduction reporting with pay/deduction code specific data to support MOR, dashboards, budget comparisons, etc.

+ Additional monthly data management and reporting for enterprise STD program.

+ Contribute/update deck/slides for all Benefits Oversight Committee, Plan Administration Committee Benefit Strategy, Quarterly Benefit COE meetings, etc.

+ Compile benchmarking for program comparisons.

+ Fulfill miscellaneous benefits surveys.

General Responsibilities:

+ Ensure benefits financial reporting is in compliance with HCA accounting, finance and SOX policies

+ Distribute monthly Health Plan & Retirement Plan performance reports

+ Develop and manage data to produce models and graphs analyzing Employee Benefits such as:

+ Multi-year cost and utilization projections for Employee Benefits package

+ Employer and employee cost share

+ Plan design impact on cost projections

+ Develop relationships with Employee Benefits vendors and internal corporate accounting staff to help facilitate accurate monthly accruals and financial projections.

+ Monitor data, categorize, analyze, and timely submit supplemental data requests ensuring clean data set for actuarial analysis.

+ Represent Benefits COE in meetings with facility controllers, Division and field HR personnel and outside vendors as needed.

+ Review all vendor statements and data files for accuracy, request appropriate payments and ensure that all data are included in the monthly employee benefits allocation process. Ensure resolution on all fee and premium payment and claim reporting data discrepancies with vendor.

+ Log and monitor daily treasury funding of claim expense. Document and submit all benefit plan deposits to Treasury, which include pharmacy rebates, carrier claim refunds and subrogation recoveries.

+ Work with Vendor relations to update monthly reporting scorecard for performance guarantees.

+ Provide premium, claims, and administrative fee data to actuarial consultants to assist them with the calculation of yearly premium equivalents and quarterly reserve requirements.

+ Develop and manage data to produce reports and graphs analyzing Employee Benefits such as:

+ Enrollment by health plans and % of premiums paid by employees for Medical and Dental

+ Monthly benefits reconciliation report

+ Create cost and utilization reports for annual Total Rewards report

+ Budget Directive vs. Allocation executive report

Job Requirements:

+ Bachelor’s Degree is required

+ 5+ years of experience in financial analysis & modeling is required

+ 1+ year(s) of experience in database administration & support is preferred

Human Resources Group empowers our people to grow and give purpose to the HCA Healthcare culture. We deliver our Human Resource model in three sectors: HR Business Partners, HR Shared Operations and HR Centers of Excellence. HR Business Partner teams are critical to the success of our HR delivery model. We drive performance to achieve successful results to better care for our patients, communities and each other.

HCA Healthcare has been named one of the World's Most Ethical Companies by Ethisphere Institute for ten consecutive years (2010-2019). In 2019, HCA Healthcare spent an estimated $3.7 billion in cost for the delivery of charitable care, uninsured discounts, and other uncompensated expenses.

"Good people beget good people."- Dr. Thomas Frist, Sr.

HCA Healthcare Co-Founder

We are a family 270,000 dedicated professionals! Our Talent Acquisition team is reviewing applications for our Senior Benefits Financial Analyst opening. Qualified candidates will be contacted for interviews. **Submit your resume today to join our community of caring!**

We are an equal opportunity employer. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.