Financial Analyst - Insurance Risk Management
Chicago, Illinois
Extraordinary Careers. Endless Possibilities.
With the nation’s largest home infusion provider, there is no limit to the growth of your career.
Option Care Health, Inc. is the largest independent home and alternate site infusion services provider in the United States. With over 8,000 team members including 5,000 clinicians, we work compassionately to elevate standards of care for patients with acute and chronic conditions in all 50 states. Through our clinical leadership, expertise and national scale, Option Care Health is re-imagining the infusion care experience for patients, customers and employees.
As a two-year recipient of the Gallup Exceptional Workplace Award, we recognize that part of being extraordinary is building a thriving workforce that is as diverse as the patients and communities we serve.
Join a company that is taking action to develop a culture that is more inclusive, respectful, engaging and rewarding for all team members. We are committed to hiring, developing, and retaining a diverse workforce.
Job Description Summary:
Responsible for the day-to-day requirements of the risk management and insurance programs, including being the daily contact for all applicable parties.Job Description:
Job Responsibilities (listed in order of importance and/or time spent)
- Compile, develop and audit underwriting data for insurance renewal submissions, including workers’ compensation, healthcare professional/general liability, auto, property/business interruption, network security and cyber, D&O, employment practices, fiduciary and crime
- Monitor, analyze and report on claim performance and is daily contact on claim issues
- Manage and process reports for Monopolistic state insurance coverage
- Manage the certificate of insurance request process
- Develop and maintain a collaborative partnership with other departments such as accounting, reimbursement, operations as it pertains to insurance renewals and exposure data collection
- Manage vendor relationships, including with insurance broker, third-party administrator, fleet leasing company, and driver reimbursement program
- Manage risk management projects to improve efficiency and reduce costs
- Review insurance language in contracts and in master service agreements for the legal department
Supervisory Responsibilities
Does this position have supervisory responsibilities? (i.e. hiring, recommending/approving promotions and pay increases, scheduling, performance reviews, discipline, etc.) No
Basic Education and/or Experience Requirements
- Bachelor’s degree
- At least 1 years of experience in treasury, finance, risk management or accounting
Basic Qualifications
- Experience identifying operational issues and recommending and implementing strategies to resolve them
- Experience with project management (for example: planning, organizing, and managing resources to bring about the successful completion of specific project goals and objectives)
- Knowledge of the link between analysis and business impact
- Experience using time management skills such as prioritizing/organizing and tracking details and meeting deadlines of multiple projects with varying completion dates
- Advanced level skill: Excel (example: using Lookup/Index functions, pivot table, creating charts). PowerPoint (example: changing picture styles, customizing animation, setting automatic slide timings).
Travel Requirements: (if required) N/A
Preferred Qualifications & Interests (PQIs)
This job description is to be used as a guide for accomplishing Company and department objectives, and only covers the primary functions and responsibilities of the position. It is in no way to be construed as an all-encompassing list of duties.
Due to state pay transparency laws, the full range for the position is below:
Salary to be determined by the applicant's education, experience, knowledge, skills, and abilities, as well as internal equity and alignment with market data.
Pay Range is $61,163.18-$101,960.70Benefits:
-401k
-Dental Insurance
-Disability Insurance
-Health Insurance
-Life Insurance
-Paid Time off
-Vision Insurance
Option Care Health subscribes to a policy of equal employment opportunity, making employment available without regard to race, color, religion, national origin, citizenship status according to the Immigration Reform and Control Act of 1986, sex, sexual orientation, gender identity, age, disability, veteran status, or genetic information.
Posted: Mar 24, 2025
Option Care subscribes to a policy of equal employment opportunity, making employment available without regard to race, color, religion, national origin, citizenship status according to the Immigration Reform and Control Act of 1986, sex, sexual orientation, gender identity, age, disability, veteran status, or genetic information.
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