Bachelor's Degree in Accounting, Finance or related field required.
2-4 years experience in financial analysis or accounting.
Strong analytical, organizational, and problem-solving skills.
Effective verbal and written communication abilities.
Capacity to work independently under general supervision.
Proficient in Excel and other current industry standard PC applications.
Familiarity with PeopleSoft and mainframe systems; knowledge of GAAP.
Responsibilities
Prepare and review financial information for accuracy and completeness.
Conduct detailed financial analyses as necessary.
Manage account reconciliations, audit support, and prepare impact studies.
Assist in preparing financial and regulatory reports for management and external parties.
Compile financial data from various sources for meaningful reports and reconciliation.
Process financial transactions, such as journal entries and invoices.
Develop policies and procedures to clarify departmental practices and ensure internal controls.
Benefits
Collaborative work environment with various finance partners and departments.
Opportunity to engage in critical financial reporting influencing business decisions.
Exposure to regulatory compliance processes and audit support.
Development of desk-level procedures enhancing clarity and control within the department.
Potential for professional growth in a significant healthcare organization.
Full Job Description
Job Description
Join Blue Cross Blue Shield of Michigan as a Senior Financial Analyst- Financial Reporting and help support accurate, timely, and well-informed financial reporting that drives business decisions and regulatory compliance. In this role, you'll contribute to statutory and GAAP financial reporting, regulatory deliverables, audit support, account reconciliations and variance analysis while collaborating with finance partners, leadership, auditors, and key stakeholders. This is an opportunity to apply your financial expertise, attention to detail, and analytical mindset in a role that supports the integrity of critical financial information across the organization.
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 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, BCBSA, state regulators and other oversight organizations).
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.
May process financial transactions including journal entries, invoices, cost allocations, reclassifications, and other financial reporting adjustments.
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 adhoc requests and inquiries.
Performs other assignments, duties or functions as assigned by management.
Qualifications
Bachelor's Degree in Accounting, Finance or related field required.
Two (2) to four (4) years experience in related field.
Strong analytical, organizational and problem solving skills.
Good verbal and written communication skills.
Ability to work under general supervision in an environment where there are certain deadlines.
Proficient in current industry standard PC applications and systems (e.g., Excel, Word, etc.).
Working knowledge of PeopleSoft general ledger and mainframe systems.
General knowledge of Generally Accepted Accounting Principles (GAAP).
Other related skills and/or abilities may be required to perform this job.
Departmental Preferences
Experience with Statutory financial reporting and regulatory deliverables.
Preparation and analysis of financial statements, schedules, exhibits, footnotes, and supporting workpapers.
Responsibility for audit support, and management reporting in accordance with applicable accounting standards, and internal control policies.
Collaboration with internal finance partners, management, auditors, and other oversight organizations to ensure accurate, timely, and well-documented financial reporting.
