Financial Analyst, Consultant

Blue Shield of California•Long Beach, CA

12d•$111,540 - $188,728•Hybrid

About The Position

The Mandates FP&A team provides financial partnership and controls to a $60M portfolio of projects. The Financial Analyst, Consultant will report to the manager of Strategic Initiatives FP&A. In this role you will be partnering with the Mandates portfolio of projects and helping to manage their budgets, providing strategic recommendations about spend and forecasting future expenses. You will also be tracking the ongoing costs related to Mandates implementation. Our leadership model is about developing great leaders at all levels and creating opportunities for our people to grow – personally, professionally, and financially. We are looking for leaders that are energized by creative and critical thinking, building and sustaining high-performing teams, getting results the right way, and fostering continuous learning.

Requirements

Requires a bachelor's degree or equivalent experience
Requires at least 7 years of prior relevant experience
Requires strong financial modeling skills
Requires strong experience and expertise with Excel
Requires knowledge and experience with accounting accruals and reclasses

Nice To Haves

Desired experience with Project Management methodologies
Desired experience with Planview Project Management Software
Desired experience with state and federal mandates

Responsibilities

Summarize detailed revenue/expense data and compare summarized claim data against fee schedules and contracts
Produce contract performance reports, modeling of reimbursement rates, evaluation of financial contract modifications and compiling and monitoring key managed care statistics
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
Partner with project teams to help manage budgets, create expense forecasts and explain variances
Create financial models in partnership with project teams to forecast benefits, and track actual achievement against those forecasts
Track and create mitigation plans for project risks, and communicate that risk to senior leadership
Review governmental mandates for complexity and implementation cost
Partner with mandates team on intake and ongoing cost support
Monthly reporting of YTD and MTD variances as well as development of full year forecast
General FP&A Maintenance of the Mandates portfolio