FP&A Analyst, Mandates & Budget Forecasts

Socket.dev; Long Beach (CA); On-site; 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

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.