Financial Analyst

Job Description

The Financial Analyst position is responsible for monitoring, analyzing and reporting financial information including revenue and expenses by account, customer and product segments. These duties may include variance analysis, transaction processing and publishing of various financial reports and financial statements for COBX to support Government Markets, a wholly owned subsidiary of Blue Cross Blue Shield of Michigan.

• Prepares financial information and reviews for accuracy and completeness. Performs detailed analysis when necessary.
• Other deliverables may include account reconciliations, impact studies, audit findings, budgets/forecasts and business cases.
• Assists with the preparation of various financial or regulatory reports and/or statements for management and/or parties external to BCBSM (e.g., auditors, customers, providers, BCBSA, FEP, OFIS, etc).
• Prepares financial reporting for a division, customer or segment that may include linking financial information from various sources to provide meaningful financial reports or to assure appropriate data reconciliation.
• Financial data may include financial statements detail, corporate, division and cost center BPR information, cost allocation information, general ledger transaction activity, settlement activity, membership, billing and revenue activity.
• Assists with drafting of policies and develops desk level procedures for the department to help assure clarity in department practices and adequate internal controls.
• Interfaces with various departments, management and individuals' external to BCBSM.
• Responds to ad hoc requests and inquiries. Performs other assignments, duties or functions as assigned by management.

EDUCATION

• Relevant combination of education and experience may be considered in lieu of degree.
• Bachelor's degree in accounting, Finance or related field required.

EXPERIENCE

• Two year's experience in related field. Experience in healthcare or insurance industry is considered a plus.

QUALIFICATIONS

• Knowledge of Medicare Advantage processes and Centers for Medicare & Medicaid Services (CMS) guidelines.
• Proficient in current industry standard PC applications and systems (e.g., Excel, Word, etc.).
• Working knowledge of Oracle general ledger and mainframe systems.
• General knowledge of Generally Accepted Accounting Principles (GAAP).
• Ability to work independently, within a team environment and with multiple priorities
• Ability to effectively interface with various levels of management internally and as well as contacts outside the organization
• Ability to work under general supervision in an environment where there are certain deadlines.
• Excellent verbal and written communication skills to effectively communicate financial information to financial and non-financial individuals.
• Excellent analytical, organizational, problem-solving skills and the ability to identify and analyze accounting and business issues.

PAY RANGE: Actual compensation decision relies on the consideration of internal equity, candidate's skills and professional experience, geographic location, market, and other potential factors. It is not standard practice for an offer to be at or near the top of the range, and therefore a reasonable estimate for this role is between $54,000 and $90,500.

EEO Statement: All qualified applicants will receive consideration for employment without regard to, among other grounds, race, color, religion, sex, national origin, sexual orientation, age, gender identity, protected veteran status or status as an individual with a disability.

Candidates are hired on an "at will" basis. Nothing herein is intended to create a contract.