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Financial Consultant

Company: 
BCBSA
CIty: 
Chicago
State: 
Illinois
Employment type: 
Full time
Remote Position: 
No
Required degree level: 
Other

Overview

This position is responsible for providing back-office financial services for financial planning, budgeting, forecasting, monitoring, and analysis delivered to the client groups. Serves a key role in the financial reporting process including monthly and custom revenue & expense reporting, resource tracking and time allocation reporting, Plan data reporting, invoice tracking & reconciliation reporting, vendor commitment reporting, as well as budget approval forms and monthly accruals. Provides analytical support to FP&A projects as assigned to help contribute to the successful operation of the various client business units supported. Works collaboratively with members of Finance, Sourcing & Vendor Management, and various levels of management within their assigned business units.

Responsibilities

Responsibilities include but are not limited to:

Prepare and analyze various financial reports and forms to support specific business units, fully comprehending underlying data. Reports could include:

  • Monthly and custom financial reporting for certain business units. This could include expense and revenue variance reporting, vendor spend against contracts, vendor savings, resource modeling, monthly dashboard reporting including performance metrics, business metrics, core cost goals and benchmarks
  • Plan data reporting, including monthly claims count for revenue tracking and ad hoc Plan and internal requests.
  • Budget-related forms supporting the sourcing and vendor management / procurement process. This includes independently researching and collaborating with Finance and various business units' staff and management in order to determine if appropriate budget is available and coded to the appropriate project and funding source



Develop and support budgets, revenue/expense forecasts, and capital projections within assigned business units, which includes the following:

  • Development and utilization of effective financial modeling to collect, streamline, analyze, monitor and communicate financial results to management, for their representation to senior leadership / executives.
  • Perform monthly and ad hoc reporting and monitoring as well as value-added analysis to various levels of staff and management (e.g. variances, accruals, trends, and metrics).



Respond and resolve various ad-hoc financial requests and customer service issues, including but not limited to:

  • Resource modeling, trend reporting, project code set up and monitoring, rush budget forms, ad-hoc analysis, invoice reconciliation, vendor commitment tracking, change requests, accrual analysis, billing inquiries, and customer training.
  • Develop, maintain and foster financial communications with multi-departmental management and amongst the Finance team.



Other Job Functions:

  • Perform ad hoc analyses or financial modeling in support of a priority project. Experience effectively dealing with ambiguity is desired.
  • Ensure the quality and integrity of all financial data is accurate by performing all required cross-checks



Qualifications

Required Basic Qualifications:

  • Bachelor's degree in Finance or related business discipline
  • Minimum of 3 years demonstrated work experience in financial planning & analysis or financial reporting
  • Competency in quality assurance with ability to perform required cross-checks to ensure the quality and accuracy of financial data



Preferred Basic Qualifications:

  • Work experience within similar environment
  • Previous experience using financial/accounting systems including PeopleSoft, Hyperion, and Tableau



Equal Opportunity Employer

Blue Cross Blue Shield Association is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, national origin, age, gender identity, disability, veteran status, genetic information or any other legally protected characteristics

Make an impact on healthcare in America. A career with Blue Cross Blue Shield Association allows you to be part of the foundation that supports the 35 Blue Cross and Blue Shield companies nationwide, while protecting and strengthening the Blue Cross Blue Shield brand. Our work is helping provide greater access to cost-effective healthcare, improve the health of America and build stronger communities. With a commitment to diversity, equity and inclusion, we celebrate different cultures, languages, backgrounds and experiences while striving to advance health equity, and we want you to join Team BCBSA.

Accommodations:
Vision Accommodations, Hearing Accommodations, Neurodiversity, Learning, Mental Health, Mobility