Job Information
Medical Mutual of Ohio Director, Administrative Expense Management in Brooklyn, Ohio
Note, requires a minimum of (3) days per week in-office in Brooklyn, Ohio. Ohio residents strongly preferred.
Founded in 1934, Medical Mutual is the oldest and one of the largest health insurance companies based in Ohio. We provide peace of mind to more than 1.2 million members through our high-quality health, life, disability, dental, vision and indemnity plans. We offer fully insured and self-funded group coverage, including stop loss, as well as Medicare Advantage, Medicare Supplement, and individual plans.
Directs a team to analyze operating activities, performance trends, ROIs, and variances related to commissions and administrative expenses. Evaluates, recommends, and tracks opportunities to control and reduce cost related to commissions and administrative expenses. Fosters an environment of continuous improvement and critical thinking.
Responsibilities
· Develops and leads the administrative spend management process, including line-of-business/functional area targeting, reporting, benchmarking, cost containment opportunities tracking, and analytical support and partnership for the operational areas.
· Lead the evaluation, measurement and reporting related to the financial impact of commissions spend, including a broker performance report, ROI analysis of all commission programs, and ad hoc commissions analysis requests.
· Directs annual and recurring corporate budget and forecasts process related to commissions and administrative expenses, including the calculation and implementation of corporate chargebacks between functional areas, lines of business, and general ledger entities.
· Lead the evaluation, measurement and reporting related to the financial impact of organizational continuous improvement opportunities to ensure targeted efficiencies are achieved.
· Directs the Corporate Funds Request process.
· Provides leadership and guidance to the administrative expense management team. Develops long and short-term department goals, ensuring consistency with the Company’s goals and objectives.
· Directs and manages complex financial analysis and cost accounting projects as requested.
· Performs other duties as assigned.
Qualifications
Education and Experience
· Bachelor’s degree in Finance, Accounting, or related field; Master of Business Administration (MBA) preferred.
· 10 years progressive experience in corporate financial planning and analysis; 5 years of which are in a managerial capacity.
· Significant experience in the financial services industry, preferably health insurance.
Technical Skills and Knowledge
· Extensive knowledge of financial analysis, cost accounting, budgeting and financial systems and the ability to apply advanced concepts and strategies at a corporate level.
Medical Mutual is looking to grow our team! We truly value and respect the talents and abilities of all of our employees. That's why we offer an exceptional package that includes:
A Great Place to Work:
We will provide the equipment you need for this role, including a laptop, monitors, keyboard, mouse and headset.
Whether you are working remote or in the office, employees have access to on-site fitness centers at many locations, or a gym membership reimbursement when there is no Medical Mutual facility available. Enjoy the use of weights, cardio machines, locker rooms, classes and more.
On-site cafeteria, serving hot breakfast and lunch, at the Brooklyn, OH headquarters.
Discounts at many places in and around town, just for being a Medical Mutual team member.
The opportunity to earn cash rewards for shopping with our customers.
Business casual attire, including jeans.
Excellent Benefits and Compensation:
Employee bonus program.
401(k) with company match up to 4% and an additional company contribution.
Health Savings Account with a company matching contribution.
Excellent medical, dental, vision, life and disability insurance - insurance is what we do best, and we make affordable coverage for our team a priority.
Access to an Employee Assistance Program, which includes professional counseling, personal and professional coaching, self-help resources and assistance with work/life benefits.
Company holidays and up to 16 PTO days during the first year of employment with options to carry over unused PTO time.
After 120 days of service, parental leave for eligible employees who become parents through maternity, paternity or adoption.
An Investment in You:
Career development programs and classes.
Mentoring and coaching to help you advance in your career.
Tuition reimbursement up to $5,250 per year, the IRS maximum.
Diverse, inclusive and welcoming culture with Business Resource Groups.
About Medical Mutual:
Medical Mutual-s status as a mutual company means we are owned by our policyholders, not stockholders, so we don-t answer to Wall Street analysts or pay dividends to investors. Instead, we focus on developing products and services that allow us to better serve our customers and the communities around us.
There-s a good chance you already know many of our Medical Mutual customers. As the official insurer of everything you love, we are trusted by businesses and nonprofit organizations throughout Ohio to provide high-quality health, life, disability, dental, vision and indemnity plans. We offer fully insured and self-funded group coverage, including stop loss, as well as Medicare Advantage, Medicare Supplement and individual plans. Our plans provide peace of mind to more than 1.2 million Ohioans.
We-re not just one of the largest health insurance companies based in Ohio, we-re also the longest running. Founded in 1934, we-re proud of our rich history with the communities where we live and work.
At Medical Mutual and its family of companies we celebrate differences and are mutually invested in our employees and our community. We are proud to be an Equal Employment Opportunity and Affirmative Action Employer. Qualified applicants will receive consideration for employment regardless of race, color, religion, sex, sexual orientation, gender perception or identity, national origin, age, marital status, veteran status, or disability status.
We maintain a drug-free workplace and perform pre-employment substance abuse and nicotine testing.
Title: Director, Administrative Expense Management
Location: OH-Brooklyn
Requisition ID: 2400322