Financial Analyst - Admin Fees

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Location: Mettawa, IL US
Job Category: Sales
Position Description
Financial Analyst - Admin Fees

As a Financial  Analyst for Admin Fees inside the Customer Administration Team, you will be responsible for the analysis, payments and reporting of GPO, IFF and National Admin fees and rebates for US  National/Regional GPO agreements.

The Analyst is accountable to analyze GPO, IFF, National Account monthly/quarterly sales reports, trends and anomalies through query development and customized reporting for the preparation of admin fee and/or incentive rebate calculations and reporting within the FP&A organization combining the strengths and best practices of the Customer Administration Team. This will be successfully accomplished through collaborative relations with external and internal business partners and administration of best practices surrounding admin fees and associated policies, ensuring that the GPO strategy is implemented.

This position will continually contribute to the evolution and adoption of standard procedures, utilizing systems and tools effectively, and practice sound analytical judgement to drive efficient and accurate admin fee payments and respective member reporting to optimize US Region results and overall financial risk.

We are looking for a detail oriented individual who can clearly analyze transactional data, resolve issues collaboratively with internal and external partners, and be a contributor to positive change and innovation within the Customer Administration team as the Company works collectively to improve patient outcomes and increase the value we bring to our customers.

In particular you will be expected to:

  • Be accountable for the development and analysis of assigned GPO and other National account  contracts for all aspects of the admin fee/rebate process including timely monthly/quarterly payments, rebates, pay for performance, or other incentives including respective member level reporting
  • Develop variance analysis reporting to identify material fluctuations in sales at the customer and/or material level to understand drivers and ensure data is accurate and payment of fees is appropriate
  • Prepare GPO member reporting to accompany fee payment analysis
  • Collaborate with GPO partners to initiate business process continuous improvement activities, conduct root cause analysis, determine error prevention solutions, and validate previous or current GPO payments
  • Validate GPO membership files for accuracy, including roster demographics, GLN, Hospital IDs, and HINs as appropriate in collaboration with the GPO Membership Specialist to ensure fees are paid appropriately
  • Provide detailed analytical data in support of GPO audits
  • Partner with contracting, membership, and other Vyaire teams to address GPO admin fee related issues in order to mitigate any price/membership misalignment
  • Participate in the design and implementation of a more efficient end-to-end GPO admin fee payment process for the GPO customer base in order to mitigate and control fee payment disputes
  • Exercise appropriate financial controls to accurately project admin fee/rebate reserves and accruals with the businesses to minimize financial exposure
  • Provide subject matter expertise and drive the design and application of business process and system integration across Vyaire
  • Complete training and remain current in tools and skills related to GPO admin fee processing,  internal control procedures, and SOX compliance
  • Maintain GPO and National admin fee related training material and updated desktop procedures in order ensure standard team practices that adhere to best practice efficiency and accuracy
  • Consistently practice policies, procedures, and processes to harmonize all aspects of GPO admin fees, with appropriate flexibility to meet customer/market needs and dynamics
  • Identify and understand key areas of change management with the ability to recognize and communicate the impact of change to GPO admin fee processing and assigned tasks
  • Understand and contribute to team performance for KPI’s (key performance indicators) and SLA’s (service level agreements)

You will have the opportunity to:

  • Improve patient outcomes
  • Meaningfully impact the company's short-term and long-term success
  • Work closely with executives across the organization
  • Grow your role
  • Learn everything there is to know about respiratory medical device manufacturing
  • Create an inspiring workplace

To be successful, you will need to:

  • Have strong analytical skills.
  • Possess strong written and verbal communication skills
  • Be a self-motivated, independent worker with the ability to learn new systems quickly
  • Have a sense of commitment and teamwork
  • Ability to successfully work with cross-functional teams and with all levels of the organization
  • Demonstrate financial discipline and analytical mindset
  • Demonstrate working knowledge of concepts and principles of business metrics and analytical techniques/tools, including their application in effective GPO admin fee processing
  • Ability to partner with internal and external stakeholders to operationalize GPO admin fee contracts with best in class efficiency and accuracy
  • Analytical problem solver with ability to evaluate key business drivers and develop clear solution recommendations
  • Ability to plan, organize, and manage a variable work load and meet schedules with accurate results
  • Strong data and technology management skills to include data acquisition, mining, analysis, data integrity management, metrics management, and action oriented reporting

Preferred Qualifications:

  • Knowledge of GPO/IDN segment of healthcare industry
  • 2+ years of relevant work experience in Finance, Healthcare Management or related field, preferably in commercial operations, GPO admin fees analytics and reporting
  • Prior experience in Medical Device or Pharmaceutical Industry
  • Proficiency in SAP, BI, Vistex and Qlikview
  • General understanding of commercial contract operations management
  • Innovative thinker with ability to drive change and effectiveness through automation and process excellence

Education

  • BS/BA degree in Finance, Business or related field

Some Logistics:

  • Location: Position located in Mettawa, IL

Mettawa- HQ

Full time
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