Accounting/Financial Vendor Analyst

Horizon Blue Cross Blue Shield of New Jersey • Newark, NJ

6d • $70,500 - $94,395

About The Position

The Accounting/Financial Vendor Analyst assesses incoming data from risk adjustment vendors and calculates financial penalties based on contractual performance. The role supports contract negotiations through cost analysis, return-on-investment (ROI) estimation, and budget forecasting, and performs credit/reimbursement true-up analyses when vendor projects are finalized. The analyst also validates vendor invoices and data, supports audits and stakeholder requests, and serves as a subject matter expert on vendor analytics.

Requirements

• High school diploma or GED.
• At least 4 years of experience in accounting.
• Knowledge of accounting entries, accruals, and the month-end close process.
• Experience working with Excel.
• Experience with Enterprise Resource Planning systems; Workday is mentioned.
• Experience with billing, purchasing, or procurement.
• Relevant experience may substitute for the preferred bachelor’s degree.

Nice To Haves

• Bachelor’s degree in Accounting, Finance, Mathematics, Statistics, Economics, Actuarial Science, or another analytical field.
• CPA certification.
• VBA programming experience.
• Medicare, Medicaid, or commercial risk adjustment experience.
• SAS or SQL programming experience.

Responsibilities

• Develop approaches and improvements for validating, collecting, and organizing vendor data using VBA.
• Provide complete and accurate information for vendor audits, including Vendor Delegation Oversight audits.
• Respond to ad hoc requests from business stakeholders.
• Serve as a subject matter expert on vendor costs, quantities, services, contract terms, timelines, deliverables, service-level agreements, and penalties.
• Review and validate invoice submissions for alignment with contractual agreements.
• Assess the quality, timeliness, and completeness of incoming risk adjustment vendor data, and calculate financial penalties based on contractual performance.
• Support vendor contract negotiations with cost analysis, ROI estimation, and budget forecasting.
• Assist with contract negotiations, analyze contractual requirements, identify deficiencies, and recommend changes.
• Provide detailed analysis for purchase order requests and/or contract addendums.
• Perform credit/reimbursement true-up analyses at the finalization of vendor projects.

Benefits

• Comprehensive health benefits, including medical, dental, and vision coverage.
• Retirement plans.
• Generous paid time off.
• Incentive plans.
• Wellness programs.
• Paid volunteer time off.
• Tuition reimbursement.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED