Senior Manager, Finance

Inovalon was founded in 1998 on the belief that technology, and data specifically, would empower the transformation of the entire healthcare ecosystem for the better, improving both outcomes and economics. At Inovalon, we believe that when our customers are successful in their missions, healthcare improves. Therefore, we focus on empowering them with data-driven solutions. And the momentum is building.

Together, as ONE Inovalon, we are a united force delivering solutions that address healthcare’s greatest needs. Through our mission-based culture of inclusion and innovation, our organization brings value not just to our customers, but to the millions of patients and members they serve.

Overview:

The Senior Manager, Finance has leadership responsibilities and exposure to broad range of finance activities responsible for accounting, FP&A, tax, procurement, facilities and administration. This role will receive regular exposure to senior leadership in both the service center as well as with our corporate team members. The Senior Manager, Finance will be responsible for managing many of the day-to-day activities of finance. This role serves as key liaison between corporate finance, procurement, administration and India service center.

The Senior Manager of Finance will oversee the finance operations of our India Service Center (ISC). This is a leadership role responsible for a wide range of functions including budgeting, banking, procurement, accounting, tax compliance, and local vendor management.  The ideal candidate will act as a key business partner to our US-based corporate teams, ensuring seamless financial management, regulatory compliance, and efficient site operations. This role requires a hands-on leader with the ability to manage both internal cross function company relationships along with external company relationships with banks, auditors, and government agencies.

Duties and Responsibilities:

• Manage day-to-day accounting and finance services for ISC, working effectively with Corporate Accounting, Business Units and third party accountants.


• Serve as the primary Business Partner to the Corporate FP&A team for the creation and management of ISC site budget and forecast, including Capitalized and Non-Capitalized Labor.


• Conduct rigorous monthly tracking of actual spend against budget and deliver detailed variance analysis.


• Serve as point of contact for external audit and tax partners (e.g., Deloitte, PwC).


• Work with third party accountants to ensure compliance with India tax regulations, including GST, NSTPI, IEC, ICEGATE, and TDS.


• Work with third-party accountants to manage tax-related filings, registrations and correspondence.


• Manage India banking relationships and activities, including the opening, modification, and closing of bank accounts. Oversee banking facilities and work with bankers to manage foreign currency inward remittances and ensure smooth transactions.


• Collaborate with US Legal, HR, and Procurement on India vendor contract reviews.


• Oversee local vendor management for all site operations, including IT infrastructure, training, recruitment, travel, and logistics


• Manage the issuance of purchase orders and the employee corporate credit card program.


• Hold signing authority for operational documents, including intercompany agreements, cost reimbursement agreements, and leases.


• Oversee India office and facilities in partnership with the U.S. Real Estate team.


• In partnership with the company secretary, prepare and add agenda items for Inovalon India board meetings.


• Perform ad-hoc analysis and projects as needed.


• Maintain compliance with lnovalon's policies, procedures and mission statement.


• Adhere to all confidentiality and HIPAA requirements as outlined within lnovalon's Operating Policies and Procedures in all ways and at all times with respect to any aspect of the data handled or services rendered in the undertaking of the position.


• Fulfill those responsibilities and/or duties that may be reasonably provided by lnovalon for the purpose of achieving operational and financial success of the Company.


• Uphold responsibilities relative to the separation of duties for applicable processes and procedures within your job function.


• We reserve the right to change this job description from time to time as business needs dictate and will provide notice of such.

Education:

Bachelor’s Degree in Arts/Sciences (B.A./B.S.) in Accounting, Finance or similar field Required

Experience:

• 10+ Years of progressive experience and responsibility in accounting and/or FP&A Required


• 2+ Years supervisory experience


• 2+ Years FP&A experience Preferred


• Demonstrate experience in a similar sized, matrixed organization Required

Skills and Abilities:

• Demonstrate strong financial acumen in several areas including accounting, reporting, tax compliance, forecasting and analysis


• Experience with ERP systems (Oracle preferred) and Forecasting applications (Hyperion preferred).


• Advanced experience with MS Office suite, including excellent Excel skills (complex formulas, Pivot Tables, modeling).


• Ability to maintain organization, meet deadlines, handle confidential information in a fast-paced environment.


• Excellent written and oral communication skills and great attention to detail.


• Demonstrate ability to think outside of the box, challenge the status quo and drive change.


• Flexible, ability to work well under pressure and independently with limited direction.

Licenses and Certifications:

• Certified Financial Analyst(CFA) or Charted Accountant.

Working Conditions and Physical Demands:

This is a primarily sedentary role. The employee is regularly required to sit, talk, and hear for extended periods of time, and also required to repetitively use manual labor to operate a computer keyboard and other office equipment.

The employee may occasionally need to stand, walk, or lift and/or move up to 10 pounds. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Travel Expectations:

Travel for this position will include less than 10% usually for business meetings and training purposes. 10%

If you don’t meet every qualification listed but are excited about our mission and the work described, we encourage you to apply. Inovalon is most interested in finding the best candidate for the job, and you may be just the right person for this or other roles.

By embracing inclusion, we enhance our work environment and drive business success. Inovalon strives to provide equal opportunities to the communities where we operate and to our clients and everyone whom we serve. We endeavor to create a culture of inclusion in which our associates feel empowered to bring their full, authentic selves to work and pursue their professional goals in an equitable setting. We understand that by fostering this type of culture, and welcoming different perspectives, we generate innovation and growth.

Inovalon is proud to be an equal opportunity workplace. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or veteran status. We also consider qualified applicants regardless of criminal histories, consistent with legal requirement.