Lead Financial Analyst-Cash Operations

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="https://www.bcbsm.com/" 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="http://www.bcbsm.com/index/about-us/our-company.html" 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="https://s3.amazonaws.com/data.vizirecruiter.com/Images/BCBSMCareers+-+Quick+Reference+Guide.pdf" target="_blank" rel="noopener noreferrer">Click Here</a>. Learn more about your options as an external candidate. <a href="https://ejko.fa.us2.oraclecloud.com/hcmUI/CandidateExperience/en/sites/CX_3/requisitions" target="_blank" title="BCBSM" rel="noopener noreferrer">Click here</a> to view open positions. http://www.bcbsm.com

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Competitive Total Compensation Package

Overview: Responsible for planning, coordinating, and supervising all administrative, operational and employee functions within assigned area(s) to ensure an efficient and cost-effective area in accordance with departmental and corporate standards and objectives. Maintain a high-quality internal control environment. Supervise exempt and bargaining staff in assigned area. Also, may be responsible for ensuring the accuracy and integrity of ledger accounts, accounts payable, financial application and claim utilization
Responsibilities: <ul> <li>Interfaces with various departments, senior management and individuals external to BCBSM.</li> <li>Responds to customer inquiries related to recovery audits.</li> <li>Provide staff training as required, including claim adjustments, journal entry posting, account reconciliation and transaction processing functions.</li> <li>Provide, maintain, and analyze trends on internal and external collection activity.</li> <li>Prepare monthly statistical management reports.</li> <li>Administers and adheres to corporate policies, procedures and standards to ensure proper internal controls are developed and maintained.</li> <li>Coordinates development and maintenance of department desk procedures and workflow processes.</li> <li>Prepares quarterly and annual reports detailing departmental performance.</li> <li>Participates in meetings and workgroups to identify and implement efficiencies to improve department performance.</li> <li>Represents management and serves as subject matter expert in corporate workgroups and project initiatives relating to assigned area.</li> <li>Administers the Master Labor Agreement.</li> <li>Maintains good working relationships with internal and external customers</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> Departmental Preferences<br /> <ul> <li><strong>This role will have up to five direct reports: both BU and NBU.</strong></li> <li><strong>Banking experience in check voids, reissues, cash management, and ACH payments preferred. Qualifications</strong></li> </ul>
Requirements: <ul> <li>Bachelor's Degree in Accounting, Finance or related field required.</li> <li>Master's Degree preferred.</li> <li>Four (4) to six (6) years of experience in related field.</li> <li>Experience required in leading projects, coordinating efforts that involve other people or direct supervisory responsibility demonstrated leadership skills.</li> <li>Certification (CPA, CMA, CFM) preferred.</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>Experience required in leading projects, coordinating efforts that involve other people or direct supervisory experience.</li> <li>Proficient in current industry standard PC applications and systems (e.g., Excel, Access, Word, PowerPoint).</li> <li>Ability to work with and automate manual processes to various PC applications.</li> <li>Experience with mainframe and aptitude to work with a variety of corporate systems such as claims systems, PeopleSoft, various databases, etc.</li> <li>Ability to work independently or 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>Working knowledge of BCBSM corporate policies and procedures as they relate to assigned area.</li> <li>Comprehensive knowledge of BCBSM financial operations including functions, activities and systems.</li> <li>Other related skills and/or abilities may be required to perform this job. All qualified applicants will receive consideration for employment without regard to, among other grounds, race, color, religion, sex, national origin, sexual orientation, age, protected veteran status or status as an individual with a disability.</li> </ul>