Financial Analyst

About Blue Cross and Blue Shield of Minnesota: At Blue Cross and Blue Shield of Minnesota, we are committed to paving the way for everyone to achieve their healthiest life. We are looking for dedicated and motivated individuals who share our vision of transforming healthcare. Impact The position performs moderately complex financial analysis and planning assignments under general supervision. What You’ll Do Provide financial planning and analysis support by evaluating financial results, forecasting revenue and expenses, conducting variance analysis, and delivering insights and recommendations to guide business decisions. Develop and maintain financial models, budgets, forecasts, and operational reports to assess performance, support resource planning, and identify key business drivers, risks, and opportunities. Partner with cross-functional stakeholders and business leaders to gather data, improve financial processes, solve business challenges, and serve as a trusted resource on financial and operational matters. How You’ll Do It Analyze financial results, trends, and performance metrics and provide root cause analysis to support business decisions. Analyze and report on key drivers of revenue and expense forecasting and other financial data, draw conclusions and present recommendations on findings. Perform detailed variance analysis by line of business, company and within divisions against budget, forecast, prior periods, or other benchmarks. Maintain and/or assist with development of analytical models for margin analysis, volume/price mix, operational/vendor analysis, forecasting models and other projects as assigned. Assist with the development and preparation of the annual budget and forecasts. Identify, analyze and recommend process improvements and other ad hoc analysis. Navigate through various systems and departments to obtain accurate information to be used in budget, forecasting and other ad hoc analysis/projects. Maintain/prepare operational analytical reports related to resource capacity planning, capital, non-operating activities and expenses. In conjunction with manager, foster relationships with business owners and be a resource on financial issues. Perform additional responsibilities consistent with the scope and level of the role, as assigned. Required Skills & Experience 3+ years of related finance professional experience. Bachelor’s degree; alternatively, an additional two years of relevant experience may be accepted. Preferred Skills & Experience Ability to tailor communication to varied audiences, actively listen to uncover requirements, and ensure accurate and timely information exchange. Ability to analyze information, identify patterns and root causes, and collaborate with partners to implement practical solutions. Ability to leverage technology to tailor communications to varied audiences, listen to uncover needs, analyze root causes, and collaborate on practical solutions. Ability to effectively organize work, balance competing priorities, and manage time across multiple responsibilities and deadlines. Healthcare or health insurance industry experience. Experience with financial modeling tools. Knowledge of healthcare payment methodologies. Ability to develop and perform audit processes. Role Designation Hybrid: Teleworking is working full time remote. Hybrid is a minimum of 2 days onsite. Onsite is full-time onsite. Our hybrid approach balances flexibility with meaningful in-person connection and collaboration. Compensation and Benefits Annual Pay: $68,900.00 – $91,300.00 – $113,700.00 (based on factors such as skills, ability, and knowledge). Medical, dental, and vision insurance. Life insurance. 401(k). Paid Time Off (PTO). Volunteer Paid Time Off (VPTO). Additional benefits available. Equal Employment Opportunity Statement At Blue Cross and Blue Shield of Minnesota, we are committed to paving the way for everyone to achieve their healthiest life. Blue Cross of Minnesota is an Equal Opportunity Employer and maintains an affirmative action plan, as required by Minnesota law applicable to state contractors. All qualified applications will receive consideration for employment without regard to, and will not be discriminated against based on, any legally protected characteristic. Individuals with a disability who need a reasonable accommodation in order to apply, please contact us at: View email address on click.appcast.io. #J-18808-Ljbffr