Principal 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.<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: prepare,organization,research,management,analysis,finance,reporting,compliance,leadership,strategy,support,degree,experience,knowledge,skills


Competitive Total Compensation Package

Overview: Responsible for preparing financial analysis and modeling that supports prospective business decisions. Leads the research, development, and reporting of the Health Plan Business division&rsquo;s core KPIs that can be utilized on an operational basis and correlated to the key strategic metrics that guide the business. Works collaboratively with a team (within the department or across multiple departments) to complete assigned projects. An independently driven leader that can be flexible to ad-hoc requests while keeping to a deadline driven environment.
Responsibilities: <ul><li>Drive the collaboration between Health Plan Business finance support and Health Plan Business strategy to build out key metrics for the business</li><li>Oversees decision support oriented 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.</li><li>Financial data may include financial statements detail, corporate, division and cost center reporting, cost allocation information, membership, and external benchmark data. </li><li>Assists in analyzing the data and insights of a rolling depreciation outlook that informs capital investment strategy and decision making for senior management.</li><li>Prepares and publishes various financial reports and/or presentations for management outside the department.</li><li>Identifies, based on information in financial reports, areas where additional analysis is needed and investigates these issues independently. </li><li>May review financial information prepared by other financial staff members and customers for accuracy and completeness. </li><li>Information may include actual results, budgets, forecasts, business cases, external market information, and internal strategies presented.</li><li>Drafts policies and procedures for department and/or division to help assure clarity in department and/or divisional practices and adequate internal controls.</li><li>Interfaces with various departments, senior management and individuals' external to BCBSM. Represents leadership staff at meetings in their absence. </li><li>Responsible for assignments that frequently involves strict deadlines. </li><li>Assists with special projects and any other duties or assignments as requested by management. </li><li>Other duties may be assigned. </li></ul>
Requirements: <ul><li>Bachelor's Degree in Accounting, Finance or related field required. Master's Degree preferred. </li><li>Four (4) to six (6) years experience in related field with extensive background in financial analysis and reporting (internal/external). Experience in healthcare or insurance industry is considered a plus. </li><li>Experience in leading projects, coordinating efforts that involve other people and demonstrated leadership skills. </li><li>Excellent verbal and written communication skills to effectively communicate financial information to financial and non-financial individuals. </li><li>Excellent analytical, organizational, problem solving skills and the ability to identify and analyze accounting and business issues. </li><li>Subject matter expert with high degree of technical expertise in area of specialty that is able to independently drive. </li><li>Ability to work independently, within a team environment and with multiple priorities. </li><li>Ability to effectively interface with various levels of management internally and as well as contacts outside the organization. </li><li>Comprehensive knowledge of financial operations including functions, activities and systems. </li><li>Proficient in current industry standard PC applications and systems (e.g., Excel, Word, PowerPoint). </li><li>Proficient in utilizing Hyperion SmartView to create standard reporting and drive ad-hoc financial analysis. </li><li>General knowledge of PeopleSoft. </li><li>Other related skills and/or abilities may be required to perform this job. </li></ul>