Blue Shield of California
Financial Analyst, Senior
Blue Shield of California, Los Angeles, California, United States,
Job DescriptionYour RoleThe Specialty Benefits (Dental, Vision and Life) products serve over 800K members across various lines of business, generating over $25M in revenue annually. The Senior Financial Analyst will report to the Sr. Manager, Finance Analytics. In this role you will be responsible for monthly membership close deliverables which includes analysis, reporting, forecasting and summarizing membership data. You will also build and maintain multiple databases to produce monthly and ad hoc reports. You will also collaborate with key stakeholders (actuarial, accounting, underwriting, enterprise finance and sales) to identify opportunities to improve financial and membership performance.Your WorkIn this role, you will:Review, monitor and analyze monthly membership and financials to ensure accuracy and correct any issues with data. Compare results versus target, plan, and forecast.Perform quarterly financial and membership forecasts as well as projections for long-term financial performance of the business.Research and respond to timely and accurately to customer (internal and external) inquiries.Create, maintain, and manipulate various databases to create meaningful tools for data analysis.Identify business process opportunities, test solutions, and revise desk-level procedures to reflect changes. Identify opportunities to automate/digitize processes.Summarize and present complex financial information to leadership.Summarize detailed revenue and expense data and compare summarized claim data against fee schedules and contracts.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.QualificationsYour Knowledge and ExperienceRequires a bachelor's degree or equivalent experience.Requires at least 5 years of prior relevant experience.Requires advanced Office skills (Access, Excel, Word, PowerPoint).SAS and Hyperion Essbase experience preferred.Basic SQL/Tableau experience preferred.Requires ability to learn and adapt quickly.Requires strong communication, analytical and problem-solving skills with the ability to explain complex analytical data simply and connect them to business results for different audiences.Pay Range : The pay range for this role is $87,230.00 to $130,900.00 for California.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's experience, location (California, Bay area, or outside California), and current employee salaries for similar roles.About The TeamBlue Shield of California’s mission is to ensure all Californians have access to high-quality health care at a sustainably affordable price. 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 fulfill our mission, we must ensure a diverse, equitable, and inclusive environment where all employees can be their authentic selves and fully contribute to meet the needs of the multifaceted communities we serve. Our continued commitment to diversity, equity, and inclusion upholds our values and advances our goal of creating a healthcare system that is worthy of our family and friends while addressing health disparities, promoting social justice, and integrating health equity through our products, business practices, and presence as a corporate citizen.Blue Shield has received awards and recognition for being a certified Fortune 100 Best Companies to Work, Military Friendly Employer, People Companies that Care, a Leading Disability Employer, and one of California’s top companies in volunteering and giving. 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 be our authentic selves, listening and communicating effectively, and showing empathy towards others by walking in their shoes.Courageous. We stand up for what we believe in and are committed to the hard work necessary to achieve our ambitious goals.Our Workplace Model:Blue Shield of California is dedicated to making work-life balance a reality. Whether you prefer to work in an office or from home, we understand flexibility is more important than ever. That’s why Blue Shield is a hybrid company, offering you the opportunity to decide where you can do your best and most meaningful work.Two ways of working: Hybrid (our default) and officeHybrid – In a business unit approved office a few times per year to 3 days per week, on average.Office – In a business unit approved office 4+ days a week, on average. If the role you’re applying for is deemed an “Essential Role,” the company has determined that the role can only be performed in a Blue Shield office or in the field and would require you to meet the office worker classification.Physical Requirements:Office Environment - roles involving part to full time schedule in Office Environment. Due to the current public health emergency in California, Blue Shield employees are almost all working remotely. 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 regard 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.
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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's experience, location (California, Bay area, or outside California), and current employee salaries for similar roles.About The TeamBlue Shield of California’s mission is to ensure all Californians have access to high-quality health care at a sustainably affordable price. 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 fulfill our mission, we must ensure a diverse, equitable, and inclusive environment where all employees can be their authentic selves and fully contribute to meet the needs of the multifaceted communities we serve. Our continued commitment to diversity, equity, and inclusion upholds our values and advances our goal of creating a healthcare system that is worthy of our family and friends while addressing health disparities, promoting social justice, and integrating health equity through our products, business practices, and presence as a corporate citizen.Blue Shield has received awards and recognition for being a certified Fortune 100 Best Companies to Work, Military Friendly Employer, People Companies that Care, a Leading Disability Employer, and one of California’s top companies in volunteering and giving. 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 be our authentic selves, listening and communicating effectively, and showing empathy towards others by walking in their shoes.Courageous. We stand up for what we believe in and are committed to the hard work necessary to achieve our ambitious goals.Our Workplace Model:Blue Shield of California is dedicated to making work-life balance a reality. Whether you prefer to work in an office or from home, we understand flexibility is more important than ever. That’s why Blue Shield is a hybrid company, offering you the opportunity to decide where you can do your best and most meaningful work.Two ways of working: Hybrid (our default) and officeHybrid – In a business unit approved office a few times per year to 3 days per week, on average.Office – In a business unit approved office 4+ days a week, on average. If the role you’re applying for is deemed an “Essential Role,” the company has determined that the role can only be performed in a Blue Shield office or in the field and would require you to meet the office worker classification.Physical Requirements:Office Environment - roles involving part to full time schedule in Office Environment. Due to the current public health emergency in California, Blue Shield employees are almost all working remotely. 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 regard 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.
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