Sr. Financial Planning Analyst - FP&A

Wellmark, Inc.; Des Moines (IA); On-site; USD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a high-profile analyst to support the design and implementation of budget and forecasting processes. This role requires a strong analytical mindset and advanced financial modeling skills to provide consultative recommendations that align with strategic financial goals. The ideal candidate will work closely with leadership and cross-functional teams, leveraging their expertise in financial analysis to drive actionable insights and support organizational growth. If you are passionate about making a difference in the financial landscape and thrive in a collaborative environment, this opportunity is for you.

Qualifications

• 5+ years of experience in accounting/finance managing budgets and forecasting.
• Demonstrated ability to analyze financial data and produce accurate reports.
• Strong technical skills to track, report, and analyze data.

Responsibilities

• Support budget and forecast processes through advanced financial analysis.
• Collaborate with leadership to develop strategic financial plans.
• Conduct ad hoc financial analyses to support management initiatives.

Skills

Analytical Skills

Problem-Solving

Communication Skills

Budget Management

Financial Modeling

Data Analysis

Education

Bachelor’s degree in Accounting

Certified Public Accountant (CPA)

Tools

Workday

Adaptive

Financial Software

Job description

• Department: Finance | Actuary | Underwriting
• Pay Grade: 22

Company Description

Why Wellmark: We are a mutual insurance company owned by our policy holders across Iowa and South Dakota, and we’ve built our reputation on over 80 years’ worth of trust. We are not motivated by profits. We are motivated by the well-being of our friends, family, and neighbors–our members. If you’re passionate about joining an organization working hard to put its members first, to provide best-in-class service, and one that is committed to sustainability and innovation, consider applying today!

Job Description

High profile analyst that supports the design, planning, implementation, and monitoring of the budget and forecast process of the performance of the organization, which is achieved through advanced analysis of financial and budget data and working in conjunction with leadership and business partners. Provides consultative recommendations in support of strategic financial plan goals and objectives. Participates in cross‐functional teams and provides analysis for forward‐looking financial and business‐related projects which requires a strong analytical mindset, advanced financial modeling skills, and a deep understanding of health insurance.

Qualifications

Required:

• Bachelor’s degree in accounting or related field or direct and applicable work experience.
• 5+ years of experience in accounting/finance field managing budgets, forecasting, financial and metrics reporting.
• Strong analytical skills and problem-solving ability with a proven record of independent problem identification and resolution skills.
• Strong people skills with the ability to build relationships of collaboration and trust; experience working with and actively protecting confidential information and data.
• Strong ability with performing analysis and making data driven recommendations to all levels of management.
• Ability to perform, document and guide others through a series of related steps.
• Demonstrated ability to work under pressure and meet timelines and accuracy guidelines.
• Ability to collaborate and consult with internal stakeholders to identify reporting objectives and develop reports and analyses to meet their needs as well as provide advice and counsel using strong business knowledge and perspective.
• Ability to analyze and interpret financial data to produce accurate reports. Ability to take insights from data and create executive reports and summaries that are easily understood.
• Demonstrated ability to communicate effectively, verbally and in writing, expressing complex concepts clearly and concisely.
• Ability to work independently and cooperatively in teams, maintaining positive relationships with customers.
• Strong technical skills to track, report, and analyze data, with the ability to learn new systems quickly. Proficient with financial software and ERP systems.

Preferred:

• Bachelor’s degree in accounting or related field.
• Certified Public Accountant (CPA).
• Prior experience in business, financial services, or insurance industry.
• Experience with Workday, Adaptive, or other data analysis and visualization tools.

Additional Information

a. Financial Planning: Serve in a highly visible position that provides advanced integrated comprehensive reporting, consultation, and financial expertise to drive actionable information to stakeholders while adhering to established accounting standards. Partner with leadership and designated staff in assigned business areas to understand business needs, establish and monitor forecasts and budgets, and facilitate changes in forecast and budgets on an ongoing basis. This includes the entire budget and forecasting process (revenue, benefit expense, operating expenses, etc.).

b. Financial Analysis: Analyze financial data to identify trends, variances, and opportunities for cost savings or revenue enhancement. Prepare comprehensive reports for senior management. Communicate the results of analysis to a wide-ranging audience on a regular basis.

c. Financial Modeling and Scenarios: Develop and maintain complex financial models to support strategic initiatives, business case evaluations, and investment analysis. Create scenarios based on the results of the modeling through analysis of assumptions and probability of outcomes.

d. Business Value Realization/ROI: Strategic partner based on value: Collaborate with leadership to develop long-term strategic financial plans, providing financial insights and recommendations to support organizational growth and profitability goals. Develop models to determine if positive value was derived from expenditures.

e. Zero Based Budgeting/Driver Based Budgeting: Consult with business partners to implement zero based budgeting methodologies which includes creating and maintaining a driver-based budgeting methodology. Also includes working with business partners to establish and monitor key performance indicators (KPIs) to evaluate financial performance and drive operational improvements.

f. Multiple Year Planning: In partnership with business partners, develop a 3-year financial planning outlook for the organization that focuses on alignment with organizational strategy and the highest value generated.

g. Consulting with the Business: Partner with cross-functional teams to provide financial insights and support strategic decision-making. Serve as a consultative partner in helping the business solve complex issues. Perform key analysis on all potential investments of the company’s resources. Extract, analyze, interpret, and integrate data to draw conclusions and support recommendations made to stakeholders.

h. Presentations: Present at leadership team meetings with senior leaders of the organization as a subject matter expert and provide recommendations on how to improve the value derived.

i. Technical Capabilities: Draft reports, create interfaces and models in financial planning system (i.e. Adaptive), or a similar type of tool. Interpret accounting literature and apply to what the impact is on the organization’s forecast and budget.

j. Ad hoc Analysis: Conduct ad hoc financial analyses to support management initiatives and projects as needed.

k. Financial Acumen and Self-Service: Work with business partners to grow the financial acumen of the organization by teaching the key financial metrics of success. Through this work continuously improve the set of self-service tools available to business partners.

l. Other duties as assigned.

An Equal Opportunity Employer

The policy of Wellmark Blue Cross Blue Shield is to recruit, hire, train and promote individuals in all job classifications without regard to race, color, religion, sex, national origin, age, veteran status, disability, sexual orientation, gender identity or any other characteristic protected by law.

Applicants requiring a reasonable accommodation due to a disability at any stage of the employment application process should contact us at [emailprotected]