HCRA Analyst I​/II​/III

HCRA Analyst

The HCRA Analyst is responsible for administering, monitoring, and analyzing activities of the Lifetime Healthcare Companies related to the New York State Health Care Reform Act (HCRA), Federal Affordable Care Act (ACA), extraterritorial state surcharges and assessments, New York State patient centered medical home incentive payments (PCMH), New York State MCO tax, health risk-based capital filings, and group capital calculation for respective entities.

This role ensures compliance with state regulations, supports accurate surcharge and covered lives reporting, reconciles financial data, prepares regulatory submissions, and collaborates with internal and external stakeholders to resolve reporting and reimbursement issues. The analyst serves as a subject matter expert for HCRA regulations and helps identify opportunities to improve reporting accuracy and operational efficiency. This role performs basic financial analysis and/or assists in complex financial analysis for supervisory review throughout the organization.

Essential Accountabilities:

• Prepares, validates, and submits HCRA surcharges, Covered Lives counts, Non-NY surcharges, assessments, and other required regulatory filings in compliance with state requirements.
• Analyzes member eligibility, enrollment, and product data to determine reporting obligations and assessment requirements.
• Calculates, validates, and reconciles HCRA surcharges, assessments, and Covered Lives obligations to ensure reporting accuracy.
• Monitors HCRA surcharge activity and ensure accurate assessment, payment, reporting, and regulatory compliance.
• Reconciles reporting data across enrollment, premium billing, membership systems, general ledger accounts, and regulatory submissions.
• Researches and resolves discrepancies related to membership counts, reporting classifications, surcharge calculations, and financial balances.
• Prepares accruals, account reconciliations, financial analyses, management reports, variance analyses, and ad hoc reporting requests related to HCRA obligations.
• Partners with Finance, Accounting, and internal stakeholders to ensure accurate recording of liabilities and expenses and support month-end close activities.
• Utilizes accounting systems, Cognos, and SAS to analyze claims and membership data, develop reporting solutions, and maintain supporting documentation, controls, and procedures.
• Identifies process improvement and automation opportunities, perform trend analyses, and support system testing and implementation of regulatory and process updates.
• Consistently demonstrates high standards of integrity by supporting the Lifetime Healthcare Companies' mission and values, adhering to the Corporate Code of Conduct, and leading to the Lifetime Way values and beliefs.
• Maintains high regard for member privacy in accordance with the corporate privacy policies and procedures.
• Regular and reliable attendance is expected and required.
• Performs other functions as assigned by management.

Level II (in addition to Level I Accountabilities)

• Evaluates financial performance by comparing and analyzing actuals results with plans and forecasts.
• Prepares and analyzes quarterly and annual regulatory filings.
• Coordinates accumulation and evaluation of data from operational units; accounting records; and outside sources to assist in the development of pricing structures for a variety of company products and services.

Level III (in addition to Level II Accountabilities)

• Prepares complex analytical schedules for use by senior leadership in decision making process.
• Provides financial support by recommending actions in operational and strategic planning relating to HCRA regulations.
• Monitor compliance with HCRA regulations and communicate changes to impacted stakeholders. Monitor regulatory updates and assess operational and financial impacts to the health plan.
• Reviews remittance activity and payer contracts to identify HCRA reimbursement discrepancies and investigate to achieve resolution.
• Researches and resolve reporting variances, payment discrepancies, and audit inquiries.
• Establishes and analyzes financial benchmarks to drive informed budgeting and planning.
• Oversees the development and analyses of supporting financial schedules, including preparation of worksheets, maintenance of appropriate backup and documentation for internal control and auditing purposes.
• Support internal and external audits by preparing documentation and responding to auditor requests.
• Develop and maintain policies, procedures, and controls related to HCRA reporting and compliance.

Minimum Qualifications:

• Bachelor's degree in accounting, business administration, finance, data analytics or related field. In lieu of a degree, six (6) years of experience required.
• Experience with New York State HCRA, Covered Lives and state assessments reporting strongly preferred.
• Knowledge of commercial, Medicare Advantage, Medicaid Managed Care, and exchange products preferred.
• Experience working with health plan enrollment, eligibility,…