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Job Description

Lead Financial Analysis and Oversight Behind Oracle's Global Benefits Programs

Oracle is seeking a Senior Benefits Finance Analyst; this role is responsible for the financial oversight of the company's 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 You'll 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 You'll 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.

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: $114,600 to $234,600 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 Oracle's 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 annua...

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