Financial Analyst, Consultant

Socket.dev; Long Beach (CA); Hybrid; USD 90,000 - 130,000; Full time

Job summary

Blue Shield of California is seeking a Financial Analyst, Consultant to partner with the Mandates FP&A portfolio, help manage budgets, forecast expenses, and provide strategic recommendations on spend. You will track ongoing costs related to Mandates implementation and support senior leadership with insights.

This hybrid role requires a bachelor’s degree or equivalent, 7+ years of relevant experience, strong financial modeling and Excel skills, and knowledge of accruals and reclasses.

Qualifications

• Bachelor’s degree or equivalent experience.
• 7+ years of relevant experience.
• Strong financial modeling skills and Excel proficiency.
• Knowledge of accounting accruals and reclasses.

Responsibilities

• Summarize revenue and expenses and compare against contracts.
• Produce contract performance reports and model reimbursement rates.
• Develop financial models and conduct scenario analyses to forecast balance sheet and cash flow.
• Audit processes and ensure GAAP compliance and internal controls.
• Provide policy guidance to ensure financial records are accurate and compliant.
• Partner with project teams to manage budgets, create expense forecasts and explain variances.
• Create financial models with project teams to forecast benefits and track actuals against forecasts.
• Track risks and communicate mitigation plans 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 and development of full-year forecast.
• General FP&A maintenance of the Mandates portfolio.

Skills

Financial modeling

Excel

Accruals & reclasses

Budgeting

Forecasting

Education

Bachelor's degree or equivalent experience

Tools

Planview Project Management Software

Job description

Your Role

The Mandates FP&A teamprovides 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.

Responsibilities

Your Work

In this role, you will:

• Summarize detailed revenue/expense dataandcompare 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

Qualifications

Your 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

Hybrid

This 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 Blue Shield of California

As 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 isa 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.

OurWorkplace Model

We 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. Ourworkplace modelis designed around intentional in-person interaction, collaboration, connection,creativityand 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.

The Company reserves the right torequiremore presence in the office based on business needs, and requirements are subject to change with periodic reviews.

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.

Please click here for further physical requirement detail.

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.