Business Analyst II/IT Financial Analyst

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.

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.&nbsp;<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 />For Application Timeline &amp; Selection Process:&nbsp;<a href="" target="_blank" rel="noopener noreferrer">Click Here</a>. Learn more about your options as an external candidate. <a href="" target="_blank" title="BCBSM" rel="noopener noreferrer">Click here</a> to view open positions.

keywords: position summary,departmental summary,analysis,management,develop,technical,research,departmental preferences,skills,technical,degree,knowledge,professional,departmental requirements


Competitive Total Compensation Package

Overview: <p>Serve as a liaison between the business areas and the IT organization to provide technical solutions required for the achievement of business goals. Collect, analyze, develop, document, and communicate business requirements. Support several moderately complex business processes within one or more business functions.<br /><br /></p> <p><strong><u>Departmental Summary:</u></strong></p> <p>The IT Finance &amp; Organizational Operations team is looking for a non-technical Business Analyst II to join our team. In this role, you will work in the&nbsp;in the IT &amp; Analytics organization to assist with financial management. Duties include supporting multiple priorities including base annual budget and capital planning process, some financial tracking and reporting, and financial modeling of various activities.&nbsp; These activities support base operational and project budgets across multiple entities. This role works closely with IT Executive leadership as well as Corporate Finance.</p> <div id="gtx-trans" style="position: absolute; left: 185px; top: 114px;">&nbsp;</div>
Responsibilities: <ul> <li> <div>Conduct data gathering and analysis to understand business strategy requirements.&nbsp; Provide direction for short and long-term planning sessions and provide direction to ensure understanding of business goals and direction. Provide input from a business and IT perspective.</div> </li> <li> <div>Assess client needs utilizing a structured requirements process (gathering, analyzing, documenting, and managing changes) to assist in identifying business priorities and advice on options.</div> </li> <li> <div>Develop, write, and communicate business requirements and functional specifications for the implementation of business solutions.&nbsp;</div> </li> <li> <div>Analyze customer&rsquo;s operations to understand their strengths and weaknesses to determine opportunities for improvements.</div> </li> <li> <div>Assist in the business process redesign and documentation as needed for new technology. Provide factual content to feasibility study for standard development projects and enhancements and assistance in business case development (i.e., research, data collection), as needed. Develop user test cases and system integration testing and validate test results during testing.&nbsp; Review and approve test plans and monitor testing process to ensure that business results are adequately tested with minimal risk, as needed.</div> </li> <li> <div>Investigate, resolve and escalate problems.&nbsp; Procure technical assistance to help in problem resolution.</div> </li> <li> <div>Keep customers informed of problems, issues, and status.&nbsp; Analyze performance metrics to ensure customer satisfaction.&nbsp; Manage customers&rsquo; expectation.</div> </li> <li> <div>Coach and transfer knowledge to less experienced team members.</div> </li> <li> <div>Other duties may be assigned.</div> </li> </ul> <br /> <p><strong><u>Departmental Preferences:</u></strong></p> <p>Duties include:</p> <ul> <li>Preparing financial information and reviews for accuracy and completeness</li> <li>Performing detailed analysis when necessary</li> <li>Analyzing budget variances and models cost and savings impacts for activities supporting IT strategy</li> <li>Assisting in development of materials for executive meetings with IT leadership</li> <li>Assisting in drafting of policies and developing desk level procedures for the department to help assure clarity in department practices</li> <li>Interfacing with various IT areas, including management, as well as Corporate Finance</li> <li>Responding to adhoc requests and inquiries</li> </ul> <div id="gtx-trans" style="position: absolute; left: 107px; top: 400px;">&nbsp;</div>
Requirements: <p><strong>EDUCATION AND/OR EXPERIENCE</strong></p> <ul> <li>Bachelor's degree in related field preferred.</li> <li>Three (3) year of relevant technical or business work experience required.</li> </ul> <p><strong>OTHER SKILLS AND ABILITIES</strong></p> <ul> <li>Basic knowledge of business operations and systems requirement processes.</li> <li>Demonstrated technical, analytical, systems skills.</li> <li>Display innovation in identifying, proposing, and overseeing the execution of business solutions.</li> <li>Written and verbal communication skills interpersonal skills.</li> <li>Ability to work independently, or within a team environment.</li> <li>Other related skills and/or abilities may be required to perform this job.</li> </ul> <strong>Departmental Requirements<br /></strong>Strongly prefer candidates with background in: <ul> <li>Strong skills in MS PowerPoint and Excel</li> <li>Experience with data analytics</li> <li>Prior experience with budgeting and planning</li> <li>Excellent communication skills</li> </ul>