Financial Analyst- Accountant

Blue Cross Blue Shield of Michigan • Detroit, MI

13d

About The Position

At Blue Cross Blue Shield of Michigan, the Financial Analyst- Accountant analyzes financial results, monitors revenue and expenses, and combines data to explain financial performance and support business decisions. The role prepares and reviews financial information for accuracy and completeness, performs detailed analysis, and may produce account reconciliations, impact studies, audit findings, budgets, and business cases. It also supports financial and regulatory reporting for management and external parties, including auditors, customers, providers, BCBSA, FEP, and OFIS.

The position prepares financial reporting for a division, customer, or segment by linking information from multiple sources and reconciling data. Relevant data may include financial statement details, corporate, division, and cost center BPR information, cost allocations, general ledger transactions, settlements, membership, billing, and revenue activity. The role may process financial transactions such as journal entries, invoices, and cost allocations; assist in drafting policies; and develop department procedures that promote clarity and internal controls. It interfaces with other departments, management, and external individuals, responds to ad hoc requests and inquiries, and performs other assignments as directed by management.

Requirements

• Bachelor's degree in Accounting, Finance, or a related field.
• Two to four years of experience in a related field.
• Strong analytical, organizational, and problem-solving skills.
• Good verbal and written communication skills.
• Ability to work under general supervision and meet deadlines.
• Proficiency in current industry-standard PC applications and systems, such as Excel and Word.
• Working knowledge of PeopleSoft general ledger and mainframe systems.
• General knowledge of Generally Accepted Accounting Principles (GAAP).
• Other related skills and abilities may be required to perform the job.

Responsibilities

• Prepare financial information and review it for accuracy and completeness.
• Perform detailed financial analysis as needed.
• Prepare deliverables such as account reconciliations, impact studies, audit findings, budgets, and business cases.
• Assist in preparing financial or regulatory reports and statements for management and external parties.
• Prepare financial reporting for a division, customer, or segment by linking information from various sources and reconciling data.
• Process financial transactions such as journal entries, invoices, and cost allocations, as needed.
• Assist with drafting policies and develop department-level procedures to clarify practices and support adequate internal controls.
• Interface with departments, management, and external individuals; respond to ad hoc requests and inquiries.
• Perform other assignments, duties, or functions as assigned by management.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level