Manager – Finance Business Partner - IT

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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.&nbsp;

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Competitive Total Compensation Package

Overview: <p>Reporting to the Director&nbsp;of Finance-Administration and Shared Services, the Finance Business Partner (FBP) is the central point of finance contact for BCBSM's&nbsp;Information Technology (IT) Organization.&nbsp; This role is responsible for leading the financial planning, analysis and reporting of IT performance and partners with IT senior management team to optimize the efficient and effective utilization of budgeted resources.&nbsp; This role must demonstrate strong leadership and collaborative skills within a cross functional environment to ensure strategic alignment of enterprise wide initiatives.&nbsp; As an advocate for the IT organization, this role must provide timely analysis on IT business cases and tactfully challenge assumptions as necessary.&nbsp; The ideal candidate must be self-directed, results oriented and focused on continuous process improvement.&nbsp; In addition, this role must drive adherence to all corporate finance policies, processes and procedures to ensure compliance with internal controls, general accepted accounting principles and regulatory statutes.&nbsp;</p>
Responsibilities: <ul> <li>Analyze data to identify opportunities for cost reduction, increased efficiency, and alignment across functions and broader enterprise strategies.&nbsp;</li> <li>Assist clients in the development and implementation of business strategy goals, P and L targets and forecast business needs.&nbsp;</li> <li>Leverage knowledge of the BCBSM business model and key business processes that impact the client to help drive financial strategy, reduce benefit cost trends, increase healthcare value, and capture greater market share and/or product value.&nbsp;</li> <li>Assist in the development of metrics related to new and revised processes for functional areas and segment financial performance; using the data to make recommendations for improvements.&nbsp;</li> <li>Evaluate cost structures and process flows for designated client to reduce costs and increase efficiencies.&nbsp;</li> <li>Educate client on company/industry economic and revenue drivers, research and make recommendations for innovation, and anticipate changes in the financial strategy of the business.&nbsp;</li> <li>Evaluate client's administrative spending against external benchmarks and provide recommendations based on best practices.&nbsp;</li> <li>Provide data analysis and interpretation to assist in the development of client's financial business plan to ensure adherence to budget requirements and corporate capital plan.&nbsp;</li> <li>Provide project/program accounting support.&nbsp;</li> <li>Analyze vendor relationships to ensure accruals are accurate and provide support for re-bids as required.&nbsp;</li> <li>Prepare various financial reports to help drive financial strategy and business unit performance.</li> <li>Assist in the identification of technology related cost reduction opportunities.</li> <li>Other duties may be assigned.</li> </ul>
Requirements: <ul> <li>Bachelor's Degree in Accounting or Finance related field required.&nbsp; Masters Degree in related degree is preferred.</li> <li>Five (5) to eight (8) years of financial analysis experience is required.</li> <li>One (1) to three (3) years healthcare or insurance plan experience preferred.</li> <li>Three (3) to five (5) years of experience in a finance leadership role preferred.</li> <li>Strong analytical, planning and reporting skills required.</li> <li>Strong data management and financial/operational metric scenario modeling skills required.</li> <li>Demonstrated success in leading process improvement initiatives.</li> <li>Ability to effectively collaborate and lead within a cross functional team.</li> <li>Ability to successfully manage completing priorities under severe time constraints.</li> <li>Ability to work effectively in team environment and with multiple priorities and certain deadlines.</li> <li>Excellent written and verbal communication skills at all levels of the organization.</li> <li>Excellent problem solving, interpersonal, and organization skills.</li> <li>Proficient in current industry standard PC applications and systems (e.g., Word, Excel,&nbsp;Access&nbsp;and PowerPoint).</li> <li>Proficient in PeopleSoft or other related enterprise financial systems.</li> <li>Other related skills and/or abilities may be required to perform this job.</li> <li>Certification (CPA, CMA, CFM) preferred.</li> </ul> <p>Departmental Preferences</p> <ul> <li>Highly proficient in Excel and PowerPoint.</li> <li>Highly proficient in PeopleSoft or other related enterprise financial systems.</li> </ul> <em>All qualified applicants will receive consideration for employment without regard to, among other grounds, race, color, religion, sex, national origin, sexual </em>