Financial Analyst- Accountant

Blue Care Network; Detroit (MI); On-site; USD 55,000 - 75,000; Full time

Job summary

Blue Cross Blue Shield of Michigan in Detroit is seeking a non-manager Financial Analyst to turn numbers into insights that inform budgeting, forecasting and strategic decisions. This is a full-time, on-site role based in Detroit with a competitive total compensation package.

You will reconcile accounts, prepare reports, support audits and regulatory filings, and collaborate with teams across the organization to ensure accurate financial storytelling.

Qualifications

• Bachelor's Degree in Accounting, Finance or related field.
• Two to four years experience in related field.
• Strong analytical, organizational and problem solving skills.
• Good verbal and written communication skills.
• Ability to work under general supervision with deadlines.
• Proficient in Excel and Word.
• General knowledge of GAAP.
• Experience with PeopleSoft preferred.

Responsibilities

• Prepares financial information and reviews for accuracy and completeness.
• Performs detailed analysis when necessary.
• Other deliverables may include account reconciliations, impact studies, audit findings, budgets and business cases.
• Assists with preparation of various financial or regulatory reports for management and external parties (auditors, customers, providers, etc).
• Prepares financial reporting for a division, customer or segment that may include linking financial information from various sources to provide meaningful reports.
• May process financial transactions including journal entries, invoices, cost allocations, etc. Assists with drafting policies and procedures for the department.
• Interfaces with various departments and responds to adhoc requests and inquiries.
• Performs other assignments as assigned by management.

Skills

Analytical thinking

Problem solving

Organizational skills

Verbal communication

Written communication

Excel

Word

GAAP knowledge

Education

Bachelor's Degree in Accounting, Finance or related field

Tools

PeopleSoft General Ledger

Mainframe systems

Job description

Company: Blue Cross Blue Shield of Michigan

Industry: Health Insurance and Health Care

Level: Non-Manager

JobFamily: Finance Treasury & Accounting

Compensation: Competitive Total Compensation Package

About Us

When you think of Blue Cross Blue Shield of Michigan for health insurance, you can know you’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.

We offer:

• Plans for employers and individuals that meet today’s needs, budgets and lifestyle
• The largest network of doctors and hospitals in the state
• Lower health care costs Higher quality health care
• Grants and programs that promote better health throughout Michigan

Mission

We commit to being our members’ trusted partner by providing affordable, innovative products that improve their care and health.

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.

All qualified applicants will receive consideration for employment without regard to, among other grounds, race, color, religion, national origin, sexual orientation, age, gender identity, protected veteran status or status as an individual with a disability.

Overview

Turn numbers into insights that drive business decisions at Blue Cross Blue Shield of Michigan. In this role, you’ll work with teams across the organization to explore financial results, monitor revenue and expenses, and bring together data to tell a clear financial story. Your work will include reconciling accounts, preparing reports and supporting budgets, audits and regulatory reporting. If you enjoy making sense of numbers and collaborating with others, we’d love to hear from you.

Responsibilities

• Prepares financial information and reviews for accuracy and completeness.
• Performs detailed analysis when necessary.
• Other deliverables may include account reconciliations, impact studies, audit findings, budgets and business cases.
• Assists with the preparation of various financial or regulatory reports and/or statements for management and/or parties external to BCBSM (e.g., auditors, customers, providers, BCBSA, FEP, OFIS, etc).
• Prepares financial reporting for a division, customer or segment that may include linking financial information from various sources to provide meaningful financial reports or to assure appropriate data reconciliation.
• Financial data may include financial statements detail, corporate, division and cost center BPR information, cost allocation information, general ledger transaction activity, settlement activity, membership, billing and revenue activity.
• May process financial transactions including journal entries, invoices, cost allocations, etc. Assists with drafting of policies and develops desk level procedures for the department to help assure clarity in department practices and adequate internal controls.
• Interfaces with various departments, management and individuals external to BCBSM. Responds to adhoc requests and inquiries.
• Performs other assignments, duties or functions as assigned by management.

Requirements

• Bachelor's Degree in Accounting, Finance or related field required.
• Two (2) to four (4) years experience in related field.
• Strong analytical, organizational and problem solving skills.
• Good verbal and written communication skills.
• Ability to work under general supervision in an environment where there are certain deadlines.
• Proficient in current industry standard PC applications and systems (e.g., Excel, Word, etc.).
• Working knowledge of PeopleSoft general ledger and mainframe systems.
• General knowledge of Generally Accepted Accounting Principles (GAAP).
• Other related skills and/or abilities may be required to perform this job.