Senior Financial Planning Analyst

Senior Financial Planning AnalystBring your drive for excellence, team orientation, and customer commitment to Independence; help us renew and reimagine our business and shape the future of health care. Our organization is looking to diversify, grow, innovate, and serve, and we are looking for committed, empowered, learning-oriented people to join our team.We are seeking a strategic and detail-oriented Senior Financial Planning Analyst to lead critical expense allocation processes, deliver actionable insights, and support key financial initiatives across the organization.Administrative Expense AllocationsLead the end-to-end process of allocating administrative expenses across segments and lines of business.Ensure accuracy, transparency, and consistency in allocation methodologies.Partner with business units to validate allocation drivers and assumptions.Analyze allocated expense results to identify trends, variances, and opportunities for cost optimization.Develop and deliver insightful reporting packages for senior management, highlighting key drivers and actionable insights.Support forecasting and budgeting processes with detailed expense analytics.Effectively communicate expense impacts and changes to FP&A leadership.Federal Employee Program (FEP) Expense ManagementOwn the tracking, analysis, and reporting of all expenses related to the Federal Employee Program line of business.Collaborate with operational and compliance teams to ensure expenses align with program guidelines and expectations.Provide financial support for strategic initiatives and submissions related to FEP.Medical Loss Ratio (MLR) Quality Improvement (QI) AllocationManage the MLR QI allocation process, ensuring compliance with program guidelines and internal policies.Coordinate with actuarial, accounting, and operational teams to validate allocation inputs and outputs.Maintain documentation and audit trails for all MLR QI-related financial activities.Audit SupportServe as the primary FP&A contact for all audit activities, including FEP, CMS, Insurance Department, and all other financial audits.Prepare and review audit documentation, respond to auditor inquiries, and ensure timely resolution of audit recommendations.Maintain strong internal controls and support continuous improvement in audit readiness.Qualifications - ExternalRequired:Bachelor's degree in Finance, Accounting, or related field; 6+ years of FP&A or financial analysis experience.Advanced Excel skills (pivot tables, complex formulas, data modeling, automation).Strong analytical and problem-solving abilities; experience with expense allocations and financial reporting.Proven track record in process management and improvement.Excellent communication skills and ability to work cross-functionally.Experience supporting financial audits.Preferred:Experience with Oracle EPM or similar financial planning systems.Knowledge of healthcare finance and MLR regulationsIndependence has implemented a "Hybrid" model which consists of Associates working in the office 3 days a week (Tuesday, Wednesday & Thursday) and remotely 2 days a week (Monday & Friday). This role is designated as a role that fits into the "Hybrid" model. While associates may work remotely on our designated remote days, the work must be performed in the Tri-State Area of Delaware, New Jersey or PennsylvaniaIBX is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to their age, race, color, religion, sex, national origin, sexual orientation, protected veteran status, or disability.Must have an Android or iOS device which is compatible with the free Microsoft Authenticator app.