1. Healthcare

Position Description
Employee:
Position title:
Budget & Investment Analyst
Location:
Head Office: 60 - 68 Moorabool Street, Geelong
Grade:
Technical Specialist
Organisation:
This position reports to either the Finance Manager or Senior Actuary (to be
determined)
Purpose:
To assist in the preparation, analysis and monitoring of budget requests
particularly in relation to membership initiatives. To administer and monitor
key investment related activities.
Staff:
Nil
Key Relationships:
Finance Manager and Finance team
Executive Manager Finance & Corporate Services
Senior Actuary and Business Analysis team
Executive team (especially Member Services, Frank and Marketing)
Cost Centre Managers
Authorising Officer:
Executive Manager Human Resources
Version Number:
1.0
Date Approved:
January 2015
Principal Accountabilities
Budget
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Assist management in the development of cost benefit analysis (including GM and membership
impact) to support spending requests, consistent with budget requirements and anticipated benefits
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Analyse cost benefit analysis for spending requests
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Monitor budget versus actual results for spending requests against anticipated benefits
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Industry comparison reporting on cost management and other operational elements
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Commission expense forecasting and monitoring
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Monthly MER reporting of budget/forecast versus actual reporting
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Assist with processing approved changes to budget/forecast within Great Plains
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Assist Management with the preparation of the annual budget
Investments
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Weekly reporting of investment activity and investment policy parameters
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Daily cashflow monitoring and weekly reporting against liquidity management plan
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Liaison with investment manager in regard to investment transactions
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Monthly Board reporting of investment portfolio
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Monthly reporting against investment manager mandate
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Monthly reporting against investment policy
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Annual review of investment manager performance
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Reporting against capital management plan parameters
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Preparation and management of investment committee papers
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General industry research and reporting
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Reconciliation of investment accounts
Other
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Assist with preparation of policy and procedures with respect to new processes
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Assist with administration of Investment Committee activities
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Support Executive Manager Finance & Corporate Services as required.
Values & Behaviours
Can demonstrate the ability to ‘live’ the corporate values and behaviours
Trust
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Build credibility through actions
Demonstrate in others intentions and competencies
Contribute
• Collaborate and get involved
• Make a difference
Enjoy
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Enjoy work
Take pride in success
Succeed
• Be resourceful, adaptable and achieve quality results
• Be decisive
Improve
• Be curious and look for innovation
• Have the courage to try something new
Serve
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Aim to make every customer experience memorable
Make every effort to deliver excellence
Specific Job Competencies
Has the ability and can demonstrate a high degree of competence in the following core competencies:
Ethical & Transparent
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Maintains openness as to their own and others’ feelings and thoughts
Displays attitudes and beliefs in line with organisational values and acceptable business practice
Admits mistakes or faults
Displays an ethical approach and confronts unethical behaviour in others - does not turn a blind eye
Maintains confidentiality in all matters
Demonstrates ability and competence
Builds relationships that create an environment where others can depend and rely on them
Is sought out for advice and counsel
People have confidence in them
Professional & Enterprising
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Has high personal and professional standards
Strives to constantly seek performance improvements - for both self and those being led
Is pragmatic
Sets measurable goals
Can calculate risk so that goals are worthy but attainable
Continually learning and teaching ways to do better
Determined & Hardworking
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Demonstrates a consistent reliable and committed attitude to work
Sees work as stimulating and rewarding
Demonstrates passion and a willingness to go the extra mile
Always strives to do their best. Fosters a strong work ethic in their team
Stays with a position or plan of action until the desired objective is obtained or is no longer
reasonable attainable
Accountable
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Understands their role and focuses on delivering measurable and relevant results
Demonstrates a sense of ownership
Takes responsibility for identifying issues and ensuring that sound solutions are found and
implemented
Initiative
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Has what it takes to control own destiny
Seizes or creates opportunities. Doesn't wait for opportunities
Eager to minimise red tape
Willing to question rules to create better opportunities for the future
Encourages others to take initiative within their delegated authority
Service Excellence
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Committed to meeting expectations of both external and internal customers
Continuous Improvement/Quality
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Originates action to improve existing business systems and processes
Uses appropriate methods to identify opportunities, implement solutions, measure their impact and
action further within delegated authority
Operational Decision Making
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Leads day to day operations of the business in line with organisational goals and objectives
Identifies and understands current issues, problems and opportunities
Compares data from different sources to draw conclusions
Develops alternative solutions and chooses the most effective course of action
Takes action that is consistent with available facts, constraints and probable consequences
Teamwork & Collaboration
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Generates a friendly working atmosphere
Models respect, helpfulness and cooperation
Encourages others into a deep sense of commitment to organisational effectiveness and collective
effort
Builds collaborative spirit and identity
Self-Control
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Stays calm and clear-headed at all times
Presents a consistent and solid persona at all times
Effectively manages a crisis
Essential Skills and Experiences
Business Acumen
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Able to make sound commercial decisions based on a long term view of; member needs, strategic
direction, industry developments, political environment, commercial viability and other socio economic factors
Understands industry and corporate finance and reporting. Understands the relationship and
implications of product, premium and claims calculations. Has knowledge of sound business processes
and practices
Communication
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Clearly conveys and cascades information and ideas to individuals or groups in ways that engages the
audience and helps them to understand and retain the message
Checks that messages are received. Actively listens and understands
Information Technology
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Has achieved a satisfactory level of technical and professional capability with computer software.
Demonstrates effective knowledge and use of all company systems particularly HAMB’s reporting
Financial Acumen
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Natural aptitude for how numbers work
Able to readily understand budgeting, costing and management reporting
Understands the impact of operations on overall financial position
Understand product benefit entitlements including limits and premiums
Arithmetic Skills
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Able to accurately solve arithmetic problems.
Educational Qualifications
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Tertiary Qualification within a related discipline, i.e. business, commerce etc. (Mandatory)
CA/CPA qualified (Preferred)
Proficiency in Microsoft Office particularly in the use of Excel, Word, Outlook (Mandatory)
Experiential Requirements
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Demonstrated performance in similar roles
Experience in budgeting and financial and management reporting
Experience with investment instruments, monitoring and reporting
Experience with Microsoft Dynamics GP and / or Qlikview (Beneficial)
Physical Job Design – Statement of Works
Administrative roles are primarily focused on the processing of work where the majority of each shift involves:
• Being seated at a desk for long periods of each shift
• Use of PC including the use of keyboard and mouse
• Use of telephone (incoming and outgoing calls)
• Other tasks may include collecting work at the printer/ fax machine, photocopying, distributing
documents for letter folding.
Key Performance Indicators (KPI’s)
Key Result Area
Budget preparation
Measurement
Accurate and timely delivery of elements required
for the annual budget
Budget analysis and reporting
Timely and accurate delivery of analysis and
reporting
Investment analysis
Timely and accurate preparation of investment
analysis
Investment administration and reporting
Maintenance and reconciliation of all investment
related accounts and Committee reporting.