
Senior Consultant, Health Plan and Managed Care
Alvarez & Marsal New York, United States
Senior Consultant, Health Plan and Managed Care
Description
About Alvarez & Marsal Alvarez & Marsal (A&M) is a global consulting firm with entrepreneurial, action- and results-oriented professionals. We take a hands-on approach to solving our clients' problems and helping them reach their potential. A&M is different by design: we give people ownership and impact from day one, fuel development through real opportunity, and provide direct access to leaders who invest in our growth. Our culture celebrates independent thinkers and doers who positively impact clients and shape our industry. Guided by A&M's core values of Integrity, Quality, Objectivity, Fun, Personal Reward, and Inclusive Diversity, our collaborative, globally minded environment is why our people love working at A&M.
The Team The Healthcare Industry Group, a subsidiary of A&M, leads transformational change in healthcare. As established leaders and trusted advisors, we deliver results for healthcare executives, boards, private equity firms, investors, law firms, and government agencies. Our team brings diverse perspectives and experiences to assist clients with enhancing financial and operational performance, accelerating strategic growth, and optimizing value throughout the investment lifecycle.
We provide specialized services in interim management, restructuring, revenue cycle management, M&A, compliance, digital technology, and analytics. Our professionals collaborate with a wide range of organizations, including health systems, physician groups, medical schools, behavioral health institutes, managed care organizations, healthcare investors, medical device companies, and suppliers, as well as vision centers, dental practices, and laboratories.
How you will contribute As a Senior Consultant, you will be working closely with health plan and managed care clients on a range of complex assignments. You will work in a team environment while using your independent judgment and critical thinking skills to gather data, frame situations, and provide practical solutions to add value based on client needs. Depending on the client project the responsibilities of a Senior Consultant may typically include:
- Understanding health plan financial and operational drivers with ability to draw insights, influence decisions and drive results by building and managing financial models, conducting financial and operating analyses, and drafting pro-forma financial statements.
- Developing operational data analysis to develop KPI metrics.
- Effectively summarizing, drawing conclusions, and creating recommendations from large data sets or analyses.
- Leading various work streams within a project, including managing day-to-day engagement priorities with guidance from senior leaders.
- Preparing client-ready deliverables and presentations; making presentations to clients.
- Supporting marketing initiatives by assisting with the pitch preparation process and creation of marketing materials.
- Helping to build products and service offering tools and templates.
- Discussing organizational framework, understanding key functions and functional interdependencies.
- Developing health plan payer business models that integrate growth, services, and delivery strategies.
- Demonstrating knowledge of market and industry trends.
- Conducting client interviews and actively listening to understand all aspects of client situations and operations.
- Assisting with recruiting by referring potential candidates and assisting with vetting of colleague referrals.
- Providing on-the-job training for junior staff while coaching and mentoring; reflecting empathy and providing appropriate feedback and support to colleagues.
- Building relationships with clients and seeking to expand business/scope; ensuring different perspectives are included in business development endeavors.
- Participating in industry networking events and engaging with social media to enhance our brand and personal network.
- Working as a partner to our clients and developing an in-depth understanding of the client's processes, financial positions, and key operational performance drivers in order to surface and address key issues, from the big picture to the smallest details.
We are seeking someone to join our team with an entrepreneurial and collaborative mindset who will manage ambiguity and thrive in a fast-paced environment. As a Senior Consultant you will have the opportunity to demonstrate your leadership, integrity and objectivity when interacting with clients at all corporate levels.
We are not your typical consulting firm. We are entrepreneurial, action-oriented and results driven professionals who take a hands-on approach to solving our clients' problems and helping them drive value and growth. We are nimble, resourceful, proactive, can pivot to adapt quickly, when needed, and develop plans that drive real results. You will be part of a team that is passionate about delivering transformational change and making an impact in the healthcare industry.
Qualifications
- A minimum of five (5) years of prior work experience in healthcare, consulting, or the healthcare industry such as health plan finance, accounting, audit, managed care, or healthcare operations with a health plan focus.
- BA/BS degree and/or MBA/MS in Accounting, Finance, or other related healthcare fields such as MHA or MPH.
- Advanced level of Excel proficiency and experience in financial modeling with the ability to build 13-week cash flow forecast and three statement model from scratch.
- Advanced Microsoft PowerPoint and Word skills a must; experience with Tableau, SQL, SPSS, Power BI, Action O-I benchmarking, MGMA survey data is a plus.
- Professional certifications such as Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), or demonstrated progress toward such certifications are a plus.
- Solid project management and organizational skills.
- Ability to analyze process workflow, identify opportunities for improvement, and develop solutions.
- Working knowledge of healthcare industry, including a fundamental understanding of health plan finance, operations, valuation and various laws and regulations.
- Excellent verbal and written skills, with the ability to communicate with and present information to all levels of client personnel.
- Ability to use sound judgment and escalate project issues to project managers or engagement leaders.
- High energy individuals with a passion for healthcare and solving complex issues.
- Willingness and ability to travel as required.
Your journey at A&M At A&M, professional growth is tied directly to performance, not tenure. Our people take on meaningful, hands-on work supported by a performance development process that rewards contribution and fosters a culture of meritocracy. Stretch roles, evolving business needs, and firm growth create ongoing opportunities for ownership and building new skills, while direct access to senior leaders provides mentorship and real-time coaching along the way. We also prioritize your wellbeing through comprehensive benefits and resources. Together, these elements create an environment where high-performing professionals can continue to grow and advance from day one.
Regular employees working 30 or more hours per week are also entitled to participate in Alvarez & Marsal Holdings' fringe benefits consisting of healthcare plans, flexible spending and savings accounts, life, AD&D, and disability coverages at rates determined periodically as well as a 401(k)-retirement savings plan. Provided the eligibility requirements are met, employees will also receive an annual discretionary contribution to their 401(k)-retirement savings plan from Alvarez & Marsal. Additionally, employees are eligible for paid time off including vacation, personal days, seventy-two (72) hours of sick time (prorated for part-time employees), ten federal holidays, one floating holiday, and parental leave. The amount of vacation and personal days available varies based on tenure and role type. Click here for more information regarding A&M's benefits programs.
The salary range is $140,000 - $160,000 annually, dependent on several variables including but not limited to education, experience, skills, and geography. In addition, A&M offers a discretionary bonus program which is based on a number of factors, including individual and firm performance. Please ask your recruiter for details.
Alvarez & Marsal recruits on an ongoing basis. Candidates are considered as they apply, until the opportunity is filled. Candidates are encouraged to apply expeditiously to any role(s) that they are qualified for and that are of interest to them.
A&M does not require or administer lie detector tests as a condition of employment or continued employment. It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.