Financial Analyst, Consultant

Blue Shield of California; California (MO); Hybrid; USD 112,000 - 167,000; Full time

Job summary

Blue Shield of California is seeking a Financial Analyst, Consultant to partner with the Mandates FP&A team, manage budgets, forecast expenses, and provide strategic recommendations across a $60M project portfolio. The role reports to the manager of Strategic Initiatives FP&A and involves creating financial models, scenario analyses, and monthly variance reporting.

The position emphasizes hybrid work with in-office collaboration, strong financial modeling, and extensive Excel proficiency, along

Qualifications

• Requires a bachelor's degree or equivalent experience.
• Requires at least 7 years of prior relevant experience.
• Requires strong financial modeling skills.
• Requires strong experience and expertise with Excel.
• Requires knowledge and experience with accounting accruals and reclasses.
• Desired experience with Project Management methodologies.
• Desired experience with Planview Project Management Software.
• Desired experience with state and federal mandates.

Responsibilities

• Summarize detailed revenue/expense data and compare summarized claim data against fee schedules and contracts.
• Produce contract performance reports, modeling of reimbursement rates, evaluation of financial contract modifications and compiling and monitoring key managed care statistics.
• Collect and evaluate data, develop and maintain financial models, analyze results and conduct scenario analyses to forecast balance sheet, cash flow and regulatory capital.
• Follow and conduct audit processes and review internal controls to ensure financial transactions are accurate, timely and comply with accounting standards, principles and company policy.
• Provide policy guidance and interpretation to ensure financial records are consistent and comply with company policies and GAAP.
• Partner with project teams to help manage budgets, create expense forecasts and explain variances.
• Create financial models in partnership with project teams to forecast benefits, and track actual achievement against those forecasts.
• Track and create mitigation plans for project risks, and communicate that risk to senior leadership.
• Review governmental mandates for complexity and implementation cost.
• Partner with mandates team on intake and ongoing cost support.
• Monthly reporting of YTD and MTD variances as well as development of full year forecast.
• General FP&A maintenance of the Mandates portfolio.

Skills

Financial modeling

Excel

Forecasting

Budgeting

GAAP knowledge

Education

Bachelor's degree or equivalent experience

Tools

Planview Project Management Software

Job description

Your RoleThe Mandates FP&A team provides financial partnership and controls to a $60M portfolio of projects . The Financial Analyst, Consultant will report to the manager of Strategic Initiatives FP&A. In this role you will be partnering with the Mandates portfolio of projects and helping to manage their budgets, providing strategic recommendations about spend and forecasting future expenses. You will also be tracking the ongoing costs related to Mandates implementation.

Job DescriptionYour RoleThe Mandates FP&A team provides financial partnership and controls to a $60M portfolio of projects . The Financial Analyst, Consultant will report to the manager of Strategic Initiatives FP&A. In this role you will be partnering with the Mandates portfolio of projects and helping to manage their budgets, providing strategic recommendations about spend and forecasting future expenses. You will also be tracking the ongoing costs related to Mandates implementation.

Our leadership model is about developing great leaders at all levels and creating opportunities for our people to grow – personally, professionally, and financially. We are looking for leaders that are energized by creative and critical thinking, building and sustaining high-performing teams, getting results the right way, and fostering continuous learning.

ResponsibilitiesYour WorkIn this role, you will:

• Summarize detailed revenue/expense data and compare summarized claim data against fee schedules and contracts
• Produce contract performance reports, modeling of reimbursement rates, evaluation of financial contract modifications and compiling and monitoring key managed care statistics
• Collect and evaluate data, develop and maintain financial models, analyze results and conduct scenario analyses to forecast balance sheet, cash flow and regulatory capital
• Follow and conduct audit processes and review internal controls to ensure financial transactions are accurate, timely and comply with accounting standards, principles and company policy
• Provide policy guidance and interpretation to ensure financial records are consistent and comply with company policies and GAAP
• Partner with project teams to help manage budgets, create expense forecasts and explain variances
• Create financial models in partnership with project teams to forecast benefits, and track actual achievement against those forecasts
• Track and create mitigation plans for project risks, and communicate that risk to senior leadership
• Review governmental mandates for complexity and implementation cost
• Partner with mandates team on intake and ongoing cost support
• Monthly reporting of YTD and MTD variances as well as development of full year forecast
• General FP&A Maintenance of the Mandates portfolio

QualificationsYour Knowledge and Experience

• Requires a bachelor's degree or equivalent experience
• Requires at least 7 years of prior relevant experience
• Requires strong financial modeling skills
• Requires strong experience and expertise with Excel
• Requires knowledge and experience with accounting accruals and reclasses
• Desired experience with Project Management methodologies
• Desired experience with Planview Project Management Software
• Desired experience with state and federal mandates

HybridThis role requires employees to be in-office based on our hybrid workplace model, balancing purposeful in-person collaboration with flexibility. For most teams, this means coming into the office two days each week. Employees living more than 50 miles from an office location will work with their manager to determine in-office time based on business need.

About UsAbout Blue Shield of CaliforniaAs of January 2025, Blue Shield of California became a subsidiary of Ascendiun. Ascendiun is a nonprofit corporate entity that is the parent to a family of organizations including Blue Shield of California and its subsidiary, Blue Shield of California Promise Health Plan; Altais, a clinical services company; and Stellarus, a company designed to scale healthcare solutions. Together, these organizations are referred to as the Ascendiun Family of Companies.

At Blue Shield of California, our mission is to create a healthcare system worthy of our family and friends and sustainably affordable. We are transforming health care in a way that genuinely serves our nonprofit mission by lowering costs, improving quality, and enhancing the member and physician experience.

To achieve our mission, we foster an environment where all employees can thrive and contribute fully to address the needs of the various communities we serve. We are committed to creating and maintaining a supportive workplace that upholds our values and advances our goals.

Blue Shield is a U.S. News Best Company to work for, a Deloitte U.S. Best Managed Company and a Top 100 Inspiring Workplace. We were recognized by Fair360 as a Top Regional Company, and one of the 50 most community-minded companies in the United States by Points of Light. Here at Blue Shield, we strive to make a positive change across our industry and communities – join us!

Our Values:

• Honest. We hold ourselves to the highest ethical and integrity standards. We build trust by doing what we say we're going to do and by acknowledging and correcting where we fall short.
• Human. We strive to listen and communicate effectively, showing empathy by understanding others' perspectives.
• Courageous. We stand up for what we believe in and are committed to the hard work necessary to achieve our ambitious goals.

Our Workplace ModelWe believe in fostering a workplace environment that balances purposeful in-person collaboration with flexibility - providing clear expectations while respecting the diverse needs of our workforce. Our workplace model is designed around intentional in-person interaction, collaboration, connection, creativity and flexibility:

• For most teams, this means coming into the office two days per week.
• Employees living more than 50 miles from an office location, out of state employees, and employees in certain member-facing roles should work with their manager to determine in-office time based on business need.
• For employees with medical conditions that may impact their ability to work in-office, we are committed to engaging in an interactive process and providing reasonable accommodations to ensure their work environment is conducive to their success and well-being.

Physical Requirements:Office Environment - roles involving part to full time schedule in Office Environment. Based in our physical offices and work from home office/deskwork - Activity level: Sedentary, frequency most of work day.

Equal Employment Opportunity:External hires must pass a background check/drug screen. Qualified applicants with arrest records and/or conviction records will be considered for employment in a manner consistent with Federal, State and local laws, including but not limited to the San Francisco Fair Chance Ordinance. All qualified applicants will receive consideration for employment without regards to race, color, religion, sex, national origin, sexual orientation, gender identity, protected veteran status or disability status and any other classification protected by Federal, State and local laws.

JOB INFOJob Identification : 20261774

Job Category : Finance and Accounting

Posting Date : 2026-09-18T16:30:44+00:00

Job Schedule : Full time

Locations :

Long Beach, CA, United States

CA, United States

El Dorado Hills, CA, United States

Oakland, CA, United States

Rancho Cordova, CA, United States

San Diego, CA, United States

Woodland Hills, CA, United States

Pay Range for California : $111,540.00 to $167,420.00

Pay Range for Bay Area : $125,736.00 to $188,728.00

Note : Please note that this range represents the pay range for this and many other positions at Blue Shield that fall into this pay grade. Blue Shield salaries are based on a variety of factors, including the candidate experience, location (California, Bay Area, or outside California), and current employee salaries for similar roles.

Role can be filled by a candidate requiring sponsorship : No