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:
Medical, dental, and vision insurance, including expert medical opinion
Short term disability and long term disability
Life insurance and AD&D
Supplemental life insurance (Employee/Spouse/Child)
Health care and dependent care Flexible Spending Accounts
Pre-tax commuter and parking benefits
401(k) Savings and Investment Plan with company match
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.
11 paid holidays
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.
Paid parental leave
Adoption assistance
Employee Stock Purchase Plan
Financial planning and group legal
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
About Us
Only Oracle brings together the data, infrastructure, applications, and expertise to power everything from industry innovations to life-saving care. And with AI embedded across our products and services, we help customers turn that promise into a better future for all. Discover your potential at a company leading the way in AI and cloud solutions that impact billions of lives.
True innovation starts when everyone is empowered to contribute. That's why we're committed to growing a workforce that promotes opportunities for all with competitive benefits that support our people with flexible medical, life insurance, and retirement options. We also encourage employees to give back to their communities through our volunteer programs.
We're committed to including people with disabilities at all stages of the employment process. If you require accessibility assistance or accommodation for a disability at any point, let us know by emailing accommodation-request_mb@oracle.com or by calling 1-888-404-2494 in the United States.
Oracle is an Equal Employment Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability and protected veterans' status, or any other characteristic protected by law. Oracle will consider for employment qualified applicants with arrest and conviction records pursuant to applicable law.
