Senior Benefits Consultant- Benefits Finance

Description

Lead Financial Analysis and Oversight Behind Oracles Global Benefits Programs

Oracle is seeking a Senior Benefits Finance Analyst; this role is responsible for the financial oversight of the companys health and welfare programs. The role will work with external actuaries benefit vendors consultants and internal Finance partners to develop cost analyses and forecasts monitor financial performance and analyze key cost drivers.

The position will translate complex healthcare actuarial vendor and financial data into practical insights that support cost planning program decisions and longer-term benefits planning for US and support financial information collation and review for International benefits.

The successful candidate will have experience in benefits finance healthcare finance actuarial or benefits consulting and should be comfortable working across multiple teams reviewing complex financial information and communicating findings clearly and succinctly to key stakeholders.

What Youll Do

Financial Management and Reporting

• Monitor benefits program financial performance against forecasts and financial plans.
• Analyze monthly and quarterly results and identify the primary drivers of variances.
• Prepare clear financial analyses summaries and presentations for Benefits Finance and other stakeholders.

Finance Partnership

• Serve as the primary liaison between the Benefits organization and Corporate Finance teams including FP&A Accounting Controllers Treasury and Procurement.
• Support monthly and quarterly close activities including accruals forecasting updates and cost and spend submissions.
• Coordinate financial reviews and help ensure benefit program costs are represented accurately in enterprise financial plans.
• Partner with Finance teams to strengthen benefits-related reporting processes and internal controls.

Vendor and Actuarial Financial Management

• Manage financial relationships with external actuarial firms consultants TPAs and benefit vendors to support forecasting reserve calculations funding requirements and financial reporting.
• Review actuarial assumptions vendor financial performance guarantees invoices funding requirements stop-loss recoveries and contractual financial obligations to ensure financial accuracy and accountability.
• Monitor vendor financial performance and identify discrepancies risks or areas requiring further review.
• Partner internally to provide financial analysis on vendor contracts and manage other risk mitigating arrangements (e.g. stop loss) across our entire benefit program.

Financial Governance and Regulatory Compliance

• Support benefits-related audits regulatory filings and financial reporting requirements including Form 5500 financial information.
• Assist with internal controls and financial governance relating to benefit funding and vendor payments.

Strategic Planning Data Analytics and Decision Support

• Support program managers and long-term benefits strategy through financial modelling assess financial impact of emerging trends and identify opportunities to improve cost management.
• Develop financial models and analyses that evaluate healthcare and pharmacy cost trends vendor performance funding strategies and benefit plan changes. Produce executive presentations and recommendations that support strategic investment decisions
• Review healthcare pharmacy utilization vendor and other relevant data to identify cost trends and emerging financial risks.

#LI-VC7

Responsibilities

What Youll Bring

• 10 years of relevant experience in benefits finance healthcare finance actuarial or benefits consulting supporting employee benefit programs.
• Experience with financial analysis forecasting budgeting variance analysis and long-range planning.
• Understanding of healthcare and pharmacy cost drivers benefit funding arrangements and vendor financial management.
• Experience working with external actuaries consultants third-party administrators and benefit vendors.
• Ability to review actuarial assumptions funding requirements vendor guarantees invoices stop-loss arrangements and other financial obligations.
• Strong financial modelling analytical and problem-solving skills.
• Ability to interpret complex financial and healthcare data and communicate findings clearly to key stakeholders.
• Strong Excel skills and experience working with financial planning reporting or enterprise finance systems.
• Ability to manage multiple priorities and work effectively with multiple internal teams and external partner teams.

Preferred Qualifications

• Experience supporting benefits finance for a large or complex employer or experience within a benefits healthcare or actuarial consulting organization including analysing healthcare pharmacy vendor or benefit plan data.
• Experience in a healthcare consulting or actuarial consulting firm or managing benefits finance for a large complex employer.
• Strong knowledge of U.S. employee benefits regulations and reporting requirements including ERISA and Form 5500.
• A relevant advanced degree or professional qualification actuarial credentials or equivalent experience may be beneficial but is not required.

Qualifications
Disclaimer:

Certain U.S. based or U.S. customer or client-facing roles may be required to comply with applicable requirements such as immunization/occupational health mandates and/or drug testing requirements.

Range and benefit information provided in this posting are specific to the stated locations only

US: Hiring Range in USD from: $114600 to $234600 per annum. May be eligible for bonus equity and compensation deferral.


Oracle maintains broad salary ranges for its roles in order to account for variations in knowledge skills experience market conditions and locations as well as reflect Oracles differing products industries and lines of business.
Candidates are typically placed into the range based on the preceding factors as well as internal peer equity.

Oracle US offers a comprehensive benefits package which includes the following:
1. Medical dental and vision insurance including expert medical opinion
2. Short term disability and long term disability
3. Life insurance and AD&D
4. Supplemental life insurance (Employee/Spouse/Child)
5. Health care and dependent care Flexible Spending Accounts
6. Pre-tax commuter and parking benefits
7. 401(k) Savings and Investment Plan with company match
8. Paid time off: Flexible Vacation is provided to all eligible employees assigned to a salaried (non-overtime eligible) position. Accrued Vacation is provided to all other employees eligible for vacation benefits. For employees working at least 35 hours per week the vacation accrual rate is 13 days annually for the first three years of employment and 18 days annually for subsequent years of employment. Vacation accrual is prorated for employees working between 20 and 34 hours per week. Employees working fewer than 20 hours per week are not eligible for vacation.
9. 11 paid holidays
10. Paid sick leave: 72 hours of paid sick leave upon date of hire. Refreshes each calendar year. Unused balance will carry over each year up to a maximum cap of 112 hours.
11. Paid parental leave
12. Adoption assistance
13. Employee Stock Purchase Plan
14. Financial planning and group legal
15. Voluntary benefits including auto homeowner and pet insurance

The role will generally accept applications for at least three calendar days from the posting date or as long as the job remains posted.

Career Level - IC5