Senior Financial Analyst

Blue Shield of North Carolina•Durham, NC

1d•Hybrid

About The Position

The Senior Financial Analyst is responsible for complex financial reporting, analysis, and forecasting, including preparing financial reports, assessing operating trends, and conducting research. The role coordinates or participates in complex projects involving financial statement preparation and analysis development, and implements improvements. It also prepares and documents complex financial plans, policies, and accounting practices, and develops, interprets, uses, and reports corporate financial data for historical reporting, forecasting, and estimating future health care cost trends. The analyst develops and presents forecasts, budgets, plans, and performance analyses to support business decisions; advises business leaders on financial performance and strategic initiatives; and supports financial analysis for products, corporate initiatives, and projects. The role also identifies opportunities to improve financial processes and reporting, and provides guidance and knowledge sharing to other financial analysts. The position follows Blue Cross NC’s flexible workplace approach. Depending on the role and distance from the Durham headquarters, it may be Hybrid Flex, requiring at least two days a week in the office, or Remote Flex, involving virtual work and a few office visits each year. Onsite expectations are discussed during the interview process.

Requirements

Bachelor’s degree or advanced degree where required; in lieu of a degree, 7 or more years of experience in a related field.
5 or more years of experience in a related field.
Strong attention to detail, with a focus on accuracy and quality in financial analysis and reporting.
Advanced Microsoft Excel skills, including VLOOKUP/XLOOKUP, PivotTables, formulas, and financial data analysis.

Nice To Haves

Experience working with Workday Financial Management or a similar financial system.

Responsibilities

Develop, analyze, and present complex financial forecasts, budgets, plans, and historical performance to support business decision-making.
Analyze financial performance, expenses, profitability, rate of return, and other key business trends to identify risks and opportunities.
Lead budgeting and forecasting activities for assigned business units, incorporating historical results, projected revenue, expenses, and business assumptions.
Perform complex monthly variance analysis, identify key drivers, and provide insights and recommendations to business leaders.
Prepare accurate monthly, quarterly, and annual financial reports and analyses for senior leadership, executive teams, and other key stakeholders.
Partner with business leaders as a financial advisor, providing guidance on financial performance, forecasts, policies, and strategic initiatives.
Support financial analysis for new products, corporate initiatives, and projects, including profitability and competitive impact assessments.
Identify opportunities to streamline financial processes, improve reporting, and increase operational efficiency.
Provide guidance, problem-solving support, and knowledge sharing to other financial analysts.
Coordinate or participate in complex projects related to financial statement preparation and analysis development, and implement improvements.
Prepare and document complex financial plans, policies, and accounting practices.
Develop, utilize, interpret, and report corporate financial data relating to historical reporting, forecasting, and estimating future health care cost trends.