Meghan Parnell
Westfield
Summary
Forward-thinking team leader skilled at operating departments efficiently to meet goals. Successful background matching employees with roles for maximum performance. Proactive and hardworking individual focused on continuous operational improvement.
Overview
17
17
years of professional experience
Work History
Finance Manager
Health New England
10.2021 - Current
- Manages a team of analysts responsible for membership, APCD, pharmacy and other ad hoc reporting
- Manages reinsurance process including submission and settlement with external reinsurer
- Provides finance and business recommendations on partnership agreements and other contractual agreements for Commercial and Medicare lines of business
- Manages and monitors presentations adding value to the Health Service Fund related research and initiatives
- Leads annual settlement of each risk unit for the Commercial and Medicare lines of business with appropriate contacts
- Provides monthly results on value-based contracts to external providers
- Developed a reporting package for external providers with monthly results based on contract parameters
- Provides financial reporting, analysis and accruals for our value-based contracts
Reporting Manager
Wellfleet Insurance
10.2019 - 09.2021
- Managed team of report writers responsible for hundreds of monthly and ad hoc reports for all lines of business and all aspects of the business, including membership, claims and premium
- Responsible for reviewing, understanding reports needed to support the business and external clients
- Managed the deployment of JIRA, a ticketing system to prioritize business needs, saving the department 5 hours of weekly labor
- Handled and resolved 5-15 tickets daily in JIRA system, vetting and interpreting requests
- Responsible for hundreds of complex regulatory and Department of Insurance reports
- Helped develop client-facing Tableau server, Wellfleet Analytics, reducing ad-hoc report requests by 25%
- Oversaw ongoing internal Tableau development and maintenance
- Responsible for training and presenting Wellfleet Analytics to clients
- Prepared and presented quarterly updates to Executive team on accomplishments and goals of Tableau and Wellfleet Analytics
Senior Financial Analyst
Wellfleet Insurance
01.2016 - 01.2019
- Performed financial analysis, including medical economic reporting, looking for cost savings and trends within the business
- Provided analysis of performance to budget
- Worked with each department to develop Key Performance Metric (KPM) requirements to improve efficiency across the company
- Forecasted results of premiums, medical costs, and operating expenses to help determine rates and sales goals
- Performed competitive analyses and market analyses
- Managed and organized reporting process, prioritizing and tracking all ad hoc requests
Underwriter
Wellfleet Insurance
01.2014 - 01.2016
- Developed renewal quotes for 200+ clients based on experience data
- Developed prospect quotes for hundreds of potential clients based on experience data
- Conceptualized and built various tools to help save several hours’ labor in the underwriting process
- Mentored Junior Underwriter to expand their understanding of underwriting concepts
- Worked effectively with Account Management team to determine deadlines, priorities
- Collaborated with brokers, colleges and universities to determine equitable rates for prospect and renewal quotes
Junior Underwriter
Wellfleet Insurance
01.2012 - 01.2014
- Collaborated with underwriting and sales teams in meeting & exceeding their growth objectives
- Set up, maintained hundreds of underwriting e-files for new and renewal business
- Assisted Senior Underwriter in securing underwriting documents from carriers, and contacting carriers or clients when needed
Sales Support
Wellfleet Insurance
01.2008 - 01.2012
- Prepared and developed RFPs (Request for Proposals) for 100+ colleges and universities each year
- Established and maintained prospect database and quote list of thousands of colleges and universities
- Developed and produced sales reports and communicated results to management
Internal Sales and Service Representative
Wellfleet Insurance
11.2007 - 08.2008
- Answered phone and assisted customers with questions and concerns
- Reached out to customers to collect payment and negotiate resolution of accounts
- Entered applications and payments into the database to update accounts, while ensuring data accuracy
Education
Master of Science - Finance, Corporate Finance
Southern New Hampshire University
Manchester, NH05-2020
Master of Arts - Business Administration
University of Phoenix
Phoenix, AZ05-2010
Skills
- Microsoft Office
- Microsoft SQL Server
- SAS
- Tableau
- PowerBI
- Sage 100
- LuminX Claims Administration
- Amisys Claims Administration
Professional Development
- Health New England, Member, Fun Committee, 01/01/21, Present
- Wellfleet, Co-chair, WE CARE Engagement Subcommittee, 01/01/20, 12/31/21
- Wellfleet, Completed Professional Growth & Development Leadership Program, 01/01/16, 12/31/18
Timeline
Finance Manager
Health New England
10.2021 - Current
Reporting Manager
Wellfleet Insurance
10.2019 - 09.2021
Senior Financial Analyst
Wellfleet Insurance
01.2016 - 01.2019
Underwriter
Wellfleet Insurance
01.2014 - 01.2016
Junior Underwriter
Wellfleet Insurance
01.2012 - 01.2014
Sales Support
Wellfleet Insurance
01.2008 - 01.2012
Internal Sales and Service Representative
Wellfleet Insurance
11.2007 - 08.2008
Master of Science - Finance, Corporate Finance
Southern New Hampshire University
Master of Arts - Business Administration
University of Phoenix
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