Job Information
Molina Healthcare Analyst, Vendor Accounts in Lexington, Kentucky
Job Summary
Supports ongoing vendor relationship management and regulatory compliance. Responsible for ensuring that the company’s vendors and third-party service providers comply with all relevant regulations, laws, and contractual obligations. Works closely with various internal stakeholders and external partners to assess vendor compliance, mitigate risks, and ensure continuous improvement in vendor management practices. Works closely with internal business units to ensure timely regulatory filing, vendor performance management, and audit requests for various subcontractors/third party entities.
Knowledge/Skills/Abilities
Partners with internal and external stakeholders on data analytics and reporting needs to support data driven decisions
Participates in data collection for internal and external audit activities
Reviews and analyzes gaps to improve organizational processes, and works to improve quality, productivity, and efficiency in partnership with the team and the vendor
Conducts analysis and uses analytical skills to assist with problem management as it relates to vendors and performance
Reviews, researches, analyzes, and evaluates all data relating to specific area of expertise. Begins process of becoming subject matter expert by working with the less complex and lower dollar vendors
Prepares high level user documentation and training materials as needed.
Coordinates collection of feedback for vendor scorecards
Facilitates meetings and manages email correspondence between vendors, functional counterparts, and stakeholders
Prepare and present regular reports on vendor compliance, including identified risks, non-compliance issues, and recommended corrective actions.
Identify areas for improvement in the vendor oversight process and develop recommendations to enhance regulatory compliance and risk mitigation strategies.
Monitors vendors financial, contractual, and regulatory performance in conjunction with the business units
Maintain comprehensive records of vendor assessments, compliance audits, and corrective actions
Facilitates onshore/offshore vendor system access for technology platforms and HR systems
Follows up on action items as necessary to ensure completion of assignments
Performs other duties as assigned
Adheres to and consistently applies organizational and departmental policies, procedures, and protocols
Job Qualifications
REQUIRED EDUCATION:
Bachelor’s degree in Business or a related field of study. Years of experience in lieu of education is acceptable.
REQUIRED EXPERIENCE:
1-3 years of experience in Healthcare (payer experience), Vendor Management, Data Analytics, Contract Terms and Conditions, Procurement, Project Management, or Account Management
Demonstrates familiarity in a variety of concepts, practices, and procedures applicable to job-related subject areas.
Proficient with Microsoft Office Suite, databases, advanced spreadsheets, pivot tables, v-lookup and corporate email and collaboration solutions
Demonstrate strong written and verbal communication skills, presentations skills and ability to successfully interact with all levels of management
Exhibit excellent customer service skills and attention to detail.
Ability to problem solve and critically think to resolve business issues
Proficient in time management, organizational skills and managing multiple priorities
Operate independently in a matrixed organization and escalate issues and concerns as appropriate
PHYSICAL DEMANDS:
Working environment is generally favorable and lighting and temperature are adequate. Work is generally performed in an office environment in which there is only minimal exposure to unpleasant and/or hazardous working conditions. Must have the ability to sit for long periods. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential function.
To all current Molina employees: If you are interested in applying for this position, please apply through the intranet job listing.
Molina Healthcare offers a competitive benefits and compensation package. Molina Healthcare is an Equal Opportunity Employer (EOE) M/F/D/V.
Pay Range: $77,969 - $128,519 / ANNUAL
*Actual compensation may vary from posting based on geographic location, work experience, education and/or skill level.