Associate Financial Reporting Analyst

Horizon Healthcare Services•Newark, NJ

About The Position

Horizon Blue Cross Blue Shield of New Jersey empowers our members to achieve their best health. For over 90 years, we have been New Jersey’s health solutions leader driving innovations that improve health care quality, affordability, and member experience. Our members are our neighbors, our friends, and our families. It is this understanding that drives us to better serve and care for the 3.5 million people who place their trust in us. We pride ourselves on our best-in-class employees and strive to maintain an innovative and inclusive environment that allows them to thrive. When our employees bring their best and succeed, the Company succeeds. The Financial Reporting Analyst will be assigned to the Corporate Finance department and will be responsible for Financial, Planning and Analysis and/or accounting responsibilities. Responsible for providing crucial support to the finance team in various areas of assigned specialization. The position will perform higher level financial analysis, conduct accurate and timely analysis using a wide variety of sources and meet with senior managers and directors across the Enterprise. Build models, schedules and templates to inform operational, financial, and strategic decisions. The responsibilities will be dependent on the specific tasks assigned to the individual. This position is accountable for complex analysis, reporting and/or accounting activities. Information generated by the financial reporting analyst is submitted to management and leadership teams across Enterprise.

Requirements

High School Diploma/GED required.
Requires a minimum of (5) five years of progressively responsible experience within Finance. This may include, accounting, financial analysis, financial modeling, budgeting and related functions preferably in the health insurance industry or experience with general accounting, financial analysis, financial modeling, budgeting and related functions preferably in the health insurance industry.
Requires knowledge of general accounting principles and methods; prefer knowledge of both Generally Accepted Accounting Principles (GAAP) and Statutory Accounting principles (SAP).
Requires strong oral and written communication skills.
Requires demonstrated aptitude for analytical thinking including the ability to research and resolve problems, report findings accurately, identify solutions and implement resolutions through interaction with companywide personnel.
Requires very strong attention to detail and granular levels of financial reporting.
Requires the ability to plan, organize and prioritize work assignments.
Requires the ability to work independently and exercise sound business judgment.
Requires strong skills in MS Office applications (particularly Excel).
Demonstrated ability to manage multiple competing priorities simultaneously and drive projects to completion
Ability to work independently in a fast-paced and rapidly changing environment
Strong analytical skills, business acumen and problem-solving skills
Exceptional communications skills (written and oral)
Desire for ownership and ability to operate in fast paced environment and adopt to changing needs and responsibilities
Meticulous attention to detail and accuracy and the ability to complete tasks with minimal oversight
Experience performing financial and ad hoc analyses using advanced Excel functionality. Macros/VBA a plus
Horizon BCBSNJ employees must live in New Jersey, New York, Pennsylvania, Connecticut or Delaware

Nice To Haves

Master's degree in business administration, accounting or finance a plus.
CPA or other healthcare specific financial certifications preferred.
Prefer previous experience working for a large Corporation with revenue more than $500M.
Prefer knowledge of accounting, finance and budget/cost.
Prefer knowledge of general ledger systems.
Prefer knowledge of financial auditing.

Responsibilities

Preparation of the quarterly and annual financial statements (including footnotes) for subsidiaries of Horizon Mutual Holdings, Inc. ensuring compliance with the appropriate accounting guidance (GAAP and SAP) and regulatory requirements of the SEC, NAIC, DOBI and BCBSA. Includes responsibility for drafting the Management’s Discussion and Analysis for all filings.
Apply new technical accounting guidance and findings to work area.
Analysis and reporting of various monthly and quarterly financials and general ledger closing activities.
Prepare financial reporting (e.g., board reports, divisional reports, scorecards and regulatory as required)
Prepare month end reconciliations and analysis for areas of expertise
BCBSA financial reporting
Coordinates audits with external auditors and delivers necessary documentation and guidance
Prepare and review ad hoc analysis and benchmarking for assigned divisions or companies including analyzing raw financial data as well as compiling reports, graphs and presentations.
Conduct financial and operational analysis to provide meaningful inputs for decision making. Examples of possible analysis may be: analysis of Healthcare Receivables, preparation of statutory and regulatory disclosures at a consolidated and standalone entity level, analysis on certain delegated vendors supporting the calculations and payment of those activities.
Manage and oversee company-wide processes related to asset accounting and amortization, playing a key role in ensuring accurate financial reporting and compliance.
Lead monthly Capital Committee meetings, ensuring accurate accounting treatment is provided for project proposals. Managing meeting minutes, ensuring clear documentation of decisions impacting the accounting treatment of the company’s capital investments.
Deliver accurate variance reports of various financial activities and demonstrate expert skills around analyzing and interpreting financials using statistical, financial, and operational data. Explain and correct data variances and fluctuations.
Accountable for maintaining effective internal controls over the processes and transactions under areas of responsibility including the completeness and accuracy of financial information and transactions, compliance with applicable laws and regulations, and the effectiveness and efficiency of operations.
Identify finance core processes for standardization/redesign and implement streamlined procedures to enhance efficiency and controls.
Identify and resolve issues within a controlled environment while gaining exposure to more complex transaction processes for designated area(s); engages stakeholders as needed.
Provide consultation or support to assigned divisions or companies on financial matters.
Develop relationships with cross-functional stakeholders and business partners.
Understand business implications and proactive problem solving to help deliver business results.