Financial Analyst, Senior

Senior Financial Analyst

The Enterprise Finance Consolidations and Business Systems team leads the Company's end-to-end consolidated financial forecasting and reporting, as well as the administration of core finance business systems, financial data governance and expense allocations. The team oversees the annual planning cycle and the monthly, quarterly, and annual consolidation of financial results, delivering insightful actionable insights reporting to the Board of Directors, executives, senior leaders, and external stakeholders. In addition, the team manages administrative expense allocations and supports the optimization of key business systems, including Hyperion, Concur, and Planview. Through close collaboration with key partners across our legal entities, the team helps ensure accuracy, efficiency and strategic alignment across all financial operations.

We are seeking a dynamic Senior Financial Analyst who is integral part of the team and will manage the data governance process, including reviewing cost centers, products, expense allocations. Additionally, you will develop analyses and financial models for use in strategic decision making, as well create monthly, quarterly, annual reports and support Board of Directors reporting. In this vital position, reporting directly to the Director of Finance Analytics, you will play a central role in our FP&A Corporate team. By elevating our reporting and streamlining our processes, you will drive substantial improvements in our overall financial performance and position our organization for continued growth and success.

Our leadership model is about developing great leaders at all levels and creating opportunities for our people to grow personally, professionally, and financially. We are looking for leaders that are energized by creative and critical thinking, building and sustaining high-performing teams, getting results the right way, and fostering continuous learning.

Responsibilities

Your Work

In this role, you will:

• Lead monthly finance data governance processes, strengthen data quality controls, maintain key definitions and policies, and promote consistent use of financial, operational, and reporting data across the organization.
• Develop and enhance FP&A processes, templates, documentation, and controls to improve forecast accuracy, reporting transparency, and repeatable planning execution.
• Support planning system enhancements, reporting automation, data quality improvements, and standardization efforts that strengthen financial analytics and reduce manual effort.
• Prepare management reporting packages, financial dashboards, variance analyses, and performance summaries that highlight trends, business drivers, and actionable insights.
• Analyze financial and operational performance across key metrics, including revenue, medical cost, administrative expenses, headcount, productivity, and investment spend.
• Provide financial insights and decision support for strategic initiatives, business cases, investment proposals, and cost optimization opportunities.
• Collect and evaluate data, develop, and maintain financial models, analyze results, and produce financial statements.
• Follow and conduct audit processes and review internal controls to ensure financial transactions are accurate, timely and compliant with accounting standards, principles, and company policies.
• Provide policy guidance and interpretation to ensure financial records are consistent and comply with company policies and GAAP.
• Create consolidated enterprise-wide monthly, quarterly, and annual financial performance reports for executive team and Board of Directors.
• Support expense allocation activities including maintaining allocation policy, analyses and reports and provide continued process enhancements.
• Assist in the development of long-range strategic forecasts, including partnering with key stakeholders.
• Identify business process improvement opportunities, develop solutions, and engage management and stakeholders to align on decisions.
• Present complex financial information to senior leaders.

Qualifications

Your Knowledge and Experience

• Requires Bachelor's degree or equivalent combination of education and relevant experience. A degree in finance, accounting, or economics is preferred
• Requires five years of progressive financial analyst experience, including ownership of at least one forecasting model and delivery of monthly/quarterly performance insights to leaders
• Demonstrated ability to lead role related initiatives or recurring processes, such as owing a monthly reporting cadence, coordinating inputs from multiple stakeholders, and driving issues to resolution
• Demonstrated experience with expense allocation methodologies, processes, and financial reporting impacts required
• Experience establishing and enforcing data governance standards, policies, and controls to ensure data accuracy, integrity, consistency, and compliance
• Experience with Workday, Workday Adaptive Planning, and Hyperion preferred
• Advanced applied knowledge of Finance and Accounting, including the ability to build driver-based forecasts, perform sensitivity and scenario analyses, and explain impacts to the P&L, balance sheet, and cash flow
• Strong financial and analytical acumen, with the ability to investigate data, identify root causes, and translate complex information into actionable insights
• Experience developing, implementing, and enhancing enterprise-wide consolidated financial reports
• Advanced Excel proficiency, including the ability to build, and maintain complex workbooks and financial models using PivotTables, structured formulas, lookup functions such as XLOOKUP, VLOOKUP and VBA, etc.
• Advanced technical proficiency using Power BI, Tableau, and related reporting tools
• Skilled at translating analysis into clear, management-ready PowerPoint slides and narratives
• Self-motivated, innovative thinker with a continuous improvement mindset and a passion for optimizing processes and systems
• Highly organized with strong attention to detail and a demonstrated commitment to accuracy and quality

Hybrid

This role requires employees to be in-office based on our hybrid workplace model, balancing purposeful in-person collaboration with flexibility. For most teams, this means coming into the office two days each week.

Employees living more than 50 miles from an office location will work with their manager to determine in-office time based on business need.

About Us

About Blue Shield of California

As of January 2025, Blue Shield of California became a subsidiary of Ascendiun. Ascendiun is a nonprofit corporate entity that is the parent to a family of organizations including Blue Shield of California and its subsidiary, Blue Shield of California Promise Health Plan; Altais, a clinical services company; and Stellarus, a company designed to scale healthcare solutions. Together, these organizations are referred to as the Ascendiun Family of Companies.

At Blue Shield of California, our mission is to create a healthcare system worthy of our family and friends and sustainably affordable. We are transforming health care in a way that genuinely serves our nonprofit mission by lowering costs, improving quality, and enhancing the member and physician experience.

To achieve our mission, we foster an environment where all employees can thrive and contribute fully to address the needs of the various communities we serve. We are committed to creating and maintaining a supportive workplace that upholds our values and advances our goals.

Blue Shield is a U.S. News Best Company to work for, a Deloitte U.S. Best Managed Company and a Top 100 Inspiring Workplace. We were recognized by Fair360 as a Top Regional Company, and one of the 50 most community-minded companies in the United States by Points of Light. Here at Blue Shield, we strive to make a positive change across our industry and communities join us!

Our Values:

• Honest. We hold ourselves to the highest ethical and integrity standards. We build trust by doing what we say we're going to do and by acknowledging and correcting where we fall short.
• Human. We strive to listen and communicate effectively, showing empathy by understanding others' perspectives.
• Courageous. We stand up for what we believe in and are committed to the hard work necessary to achieve our ambitious goals.

Our Workplace Model

We believe in fostering a workplace environment that balances purposeful in-person collaboration with flexibility - providing clear expectations while respecting the diverse needs of our workforce. Our workplace model is designed around intentional in-person interaction, collaboration, connection, creativity and flexibility:

• For most teams, this means coming into the office two days per week.

• Employees living more than 50 miles from an office location, out of state employees, and employees in certain member-facing roles should work with their manager to determine in-office time based on business need.

• For employees with medical conditions that may impact their ability to work in-office, we are committed to engaging in an interactive process and providing reasonable accommodations to ensure their work environment is conducive to their success and well-being.

The Company reserves the right to require more presence in the office based on business needs, and requirements are subject to change with periodic reviews.

Physical Requirements:

Office Environment - roles involving part to full time schedule in Office Environment. Based in our physical offices and work from home office/deskwork - Activity level: Seden