Finance Shared Services Specialist

<p><strong>With more than 8,000 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. Interested in joining us?</strong></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.&nbsp;

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Competitive Total Compensation Package

Overview: Responsible for management accounting governance and supporting data structure to provide consistent and usable information for internal and external reporting to help drive financial strategy and business unit performance. Ensure financial system is operating efficiently to support pricing, budgeting, forecasting, monthly close, regulatory compliance, benchmarking, other specialized modeling as well as what if analysis. Working knowledge of financial transaction flows and financial statement impact. Experience with data querying and financial modeling using ETL capabilities and the use of Business Objects, HYPERION, PeopleSoft, COGNOS, VBA, or TOAD.
Responsibilities: <p>Under general supervision, contributes to the overall corporate mission by providing integrated enterprise-wide reporting of financial plans across business units and initiatives.&nbsp; Conducts ongoing analysis of key processes and identifies cost-savings opportunities through productivity and process improvement initiatives.&nbsp; Evaluates cost structures and defines potential inefficiencies and monitors effectiveness of changes.</p> <ul> <li>Assist in the development of common financial processes and provide end-to-end view of integrated financial processes/projects/initiatives.</li> <li>Identify links/interdependencies across functional areas and provide analytics.&nbsp;Analyze enterprise-wide financial metrics/measures and identify trends and benchmarks based upon best practices.&nbsp;</li> <li>Prepare various financial reports (i.e. budgets, variance analysis, etc.).</li> <li>Support Business Partners to provide analysis and ensure the proper focus for business units.&nbsp;</li> <li>Provide Per Member Per Month cost structure analysis and support across segments/products.&nbsp;</li> <li>Provide system support and the consolidation and reporting of administrative processes (i.e. budget and allocation systems).&nbsp;</li> <li>Provide audit support to ensure the effectiveness of internal controls and administrative expense processes.</li> <li>Other duties may be assigned.</li> </ul>
Requirements: <ul> <li>Bachelor's Degree in Accounting or Finance related field required.</li> <li>Three (3) to five (5) years Finance or related experience required.</li> <li>One (1) to three (3) years healthcare or insurance plan experience preferred.</li> <li>Working knowledge of financial transactions flow and their financial statements impact.</li> <li>General knowledge of Generally Accepted Accounting Principles (GAAP) and Statutory Accounting Principles (SAP).</li> <li>Certification (CPA, CMA, CFM) preferred.</li> <li>Ability to work effectively in team environment and with multiple priorities and certain deadlines.</li> <li>Excellent problem solving and organization skills</li> <li>Proficient in current industry standard PC applications and systems (e.g., Word, Excel and PowerPoint).</li> <li>Other related skills and/or abilities may be required to perform this job.</li> </ul> <p><em>All qualified applicants will receive consideration for employment without regard to, among other grounds, race, color, religion, sex, national origin, sexual orientation, age, gender identity, protected veteran status or status as an individual with a disability.</em></p>