Cash Management Analyst

<p>With more than 7,000 employees, we are the largest health insurance company in Michigan. We offer an exciting work environment with a diverse group of employees. Our goal is to make health insurance easier for our members. We want to transform the industry and become a resource that people can trust.</p>

Detroit, MI

Blue Cross Blue Shield of Michigan

When you think of <a href="" target="_blank" rel="noopener noreferrer">Blue Cross Blue Shield of Michigan</a> for health insurance, you can know you&rsquo;re getting much more. We're a company founded on a tradition of affordable, quality health care for everyone, improving the present and investing in the future.<br /><br />We offer:<br />Plans for employers and individuals that meet today&rsquo;s needs, budgets and lifestyle<br />The largest network of doctors and hospitals in the state<br />Lower health care costs Higher quality health care<br />Award-winning diversity practices<br />Grants and programs that promote better health throughout Michigan<br /><strong><br />Mission:&nbsp;</strong>We commit to being our members&rsquo; trusted partner by providing affordable, innovative products that improve their care and health.<br /><br /><a href="" target="_blank" rel="noopener noreferrer"><strong>Click here</strong></a> to learn more about our commitment to our Social Mission, view company updates and reviews, and view our awards &amp; accolades.<br /><br />Learn more about your options as an external candidate. <a href="" target="_blank" rel="noopener noreferrer">Click here</a> to view open positions.

keywords: insurance,analysis,analysis,consulting,accounting,support,analysis,organization,degree,experience


Competitive Total Compensation Package

Overview: Responsible for daily cash position functions for BCBSM, BCN, LifeSecure, AF Group, and Woodward Straits Insurance Company Cash position functions will also include short-term investing, borrowing, initiating electronic fund transfers and monthly reporting.&nbsp; Accountable for analyzing bank account activity, investigating miscellaneous transactions and problem resolution.&nbsp;&nbsp;
Responsibilities: <ul style="font-weight: 400;"> <li>Consolidate cash flow information to determine daily cash position of parent and subsidiaries.&nbsp;</li> <li>Utilize treasury workstation to position cash, reconcile accounts, forecast, download bank balances and transactions, and disseminate reports to internal customers.&nbsp;</li> <li>Assess short-term investment opportunities and borrowing needs to ensure that liquidity goals are met.&nbsp;</li> <li>Determine optimal investment options based on market offerings and cash flow trend analysis.&nbsp; Ascertain borrowings based on cash flow projections and borrowing rate.&nbsp;</li> <li>Ensure that fund transfer requests have appropriate signature authority.&nbsp;</li> <li>Initiate wire transfers and ACH transactions.&nbsp;</li> <li>Review monthly analysis statements to identify cost trends and account activity and volumes.&nbsp; Recommend cost saving measures to ensure that budget is contained.&nbsp;</li> <li>Assist and provide support to Manager and Senior Analyst related to implementing bank account services, maintaining multiple bank reporting systems, responding to internal customer inquiries and completing special projects.&nbsp;</li> <li>Prepare monthly reports for management.</li> </ul>
Requirements: <div id="requisitionDescriptionInterface.ID1574.row1" class="inlinepanel" title=""><span class="subtitle">Qualifications</span></div> <ul> <li><span style="font-size: small;">Bachelor's Degree in related field preferred.</span></li> <li><span style="font-size: small;">Two (2) to five (5) years experience in related field is preferred.</span></li> <li><span style="font-size: small;">Must be able to multi-task in a fast-paced environment.</span></li> <li><span style="font-size: small;">Ability to analyze and perform detailed computations.</span></li> <li><span style="font-size: small;">Good analytical, organizational, planning, verbal and written communication skills.</span></li> <li><span style="font-size: small;">Proficient with Microsoft Office software (i.e. Excel) and applications.</span></li> <li><span style="font-size: small;">Other related skills and/or abilities may be required to perform this job.</span></li> </ul>