Financial Analyst, Cost and Budget

Blue Cross and Blue Shield Association
Washington, DC
Apr 20, 2017
Apr 21, 2017
Analyst, Finance
Full Time
**Overview:** Provides support and technical and economic analyses related to the interpretation and presentation of budget and other financial performance data. Provides financial analytics support to Association staff and management that encompasses administrative cost components. Performs cross-functional financial support activities, develops and presents predictive analytical reporting framework and models to enable strategic decision making by internal and external customers. Evaluate environmental and business performance and develop business techniques and methodologies to support strategies for the Program. **Responsibilities:** Responsibilites include, but are not limited to: + Monitors and provides financial insight into the financial control of FEP PMO managed special projects and significant core projects. Works with Sr. Financial Analyst to identify potential project funding sources. Manages the transfer of budget resources among projects. Produces management reports reflecting adjusted resources to support project decision-making. + Provides primary research supporting the proposal to OPM of the $1.2 billion+ FEP contract limit to ensure adequate funding for all FEP activities, including those by BCBSA, the FEP Operations Center and the Plans. Develops survey to Plans to gain insight into new environmental factors affecting their costs and interprets the results to identify new cost elements for inclusion in proposal. Models cost trends of Plans, BCBSA and the FEP Operations Center and provides complex financial analyses to identify negotiation target objectives. Applies business knowledge and creativity to develop compelling rationales to support the proposal. + Manages the monthly accrual process for all FEP responsibility centers to ensure proper financial reporting and budget controls. Reviews submission of accruals from operating managers to confirm completeness and adequacy of supporting documentation. Monitors subsequent payment of significant accrual items via PeopleSoft queries to ensure appropriate re-accruals. **Qualifications:** + Bachelor degree, or equivalent experience, in accounting, finance, or related discipline. + A minimum of 3 to 5 years of budget and cost accounting experience. + Minimum 2 years of financial management and modeling experience. Preferred basic qualification: + Professional certification (CPA or CMA) and/or graduate degree in relevant discipline are highly desired. + Excellent, problem-solving, critical thinking, analytical skills and the ability to work with spreadsheets and other structured programming tools (eg SQL, Microsoft Access, PeopleSoft, Cognos, Hyperion) are essential. + Excellent oral and written communication and negotiation skills and ability to effectively communicate complex business and technical concepts is necessary. + The ability to function within a project team in leadership and membership roles. + Attainment of certification by the Academy for Healthcare Management (AHM) within one year of employment. EEO Minorities/Gender/Disability/Veterans **Job ID** _2016-2096_ **\# of Openings** _1_ **Job Locations** _US_ _-_ _DC_ _-_ _Washington_ **Category** _Finance/Accounting_

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