Sr Financial Analyst

Blue Cross Blue Shield of Michigan; Detroit (MI); On-site; USD 75,000 - 110,000; Full time

Job summary

Blue Cross Blue Shield of Michigan is seeking a Senior Financial Analyst to support statutory and GAAP financial reporting, regulatory deliverables, and audit support. You will handle account reconciliations, variance analysis, and collaboration with finance partners and leadership to ensure accuracy and timely reporting.

The role involves preparing financial reporting for different segments, validating data from multiple sources, and assisting with policy drafting and internal controls to

Qualifications

• Bachelor's degree in Accounting, Finance or related field required.
• 2–4 years experience in related field.
• Strong analytical, organizational and problem solving skills.
• Good verbal and written communication skills.
• Ability to work under general supervision with deadlines.
• Proficient in industry PC applications and systems (Excel, Word).
• Working knowledge of Oracle and mainframe systems.
• General knowledge of GAAP.

Responsibilities

• Prepares financial information and reviews for accuracy and completeness.
• Performs detailed analysis when necessary.
• Assists with preparation of financial/regulatory reports and statements for management and external parties.
• Prepares financial reporting by linking data from various sources for meaningful reports and data reconciliation.
• Processes financial transactions including journal entries, invoices, cost allocations, and adjustments.
• Assists with drafting policies and desk level procedures to ensure internal controls.

Skills

Analytical skills

Organizational skills

Problem solving

Verbal communication

Written communication

Attention to deadlines

Education

Bachelor's degree in Accounting or Finance

Tools

Oracle

Mainframe

Excel

Word

Job description

Join Blue Cross Blue Shield of Michigan as a Senior Financial Analyst- Financial Reporting and help support accurate, timely, and well-informed financial reporting that drives business decisions and regulatory compliance. In this role, you’ll contribute to statutory and GAAP financial reporting, regulatory deliverables, audit support, account reconciliations and variance analysis while collaborating with finance partners, leadership, auditors, and key stakeholders. This is an opportunity to apply your financial expertise, attention to detail, and analytical mindset in a role that supports the integrity of critical financial information across the organization.

• 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, BCBSA, state regulators and other oversight organizations).


• 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, reclassifications, and other financial reporting adjustments.


• 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.

Qualifications

• 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 Oracle and mainframe systems.


• General knowledge of Generally Accepted Accounting Principles (GAAP).


• Other related skills and/or abilities may be required to perform this job.

Departmental Preferences

• Experience with Statutory financial reporting and regulatory deliverables.


• Preparation and analysis of financial statements, schedules, exhibits, footnotes, and supporting workpapers.


• Responsibility for audit support, and management reporting in accordance with applicable accounting standards, and internal control policies.


• Collaboration with internal finance partners, management, auditors, and other oversight organizations to ensure accurate, timely, and well‑documented financial reporting.

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