Financial Analyst, Consultant Job at Blue Shield of California, Oakland, CA

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  • Blue Shield of California
  • Oakland, CA

Job Description

Your Role

Company’s consolidated financial forecasting and reporting activities, finance business systems, and administrative expense allocations. This team oversees the financial forecasting and annual planning activities, delivering comprehensive monthly, quarterly, and annual consolidated financial reports to the Board of Directors, Executives, Senior Leaders, and external stakeholders. Additionally, the team manages administrative expense allocations and business systems, including Hyperion, Concur and Planview. Key business partners include Growth, Treasury, Accounting, Actuarial, and Expense Functional teams.

We are seeking a Corporate Financial Consultant to lead and support a range of reporting activities, including monthly, quarterly, and annual reports, as well as manage administrative expense allocations. The consultant will also develop comprehensive financial analyses and reports to inform both operational and strategic decision-making. In this pivotal role, you will report directly to the Director of Finance Analytics, playing a crucial part in revolutionizing our financial processes. By enhancing our financial reports, processes, and systems, you will significantly contribute to improving product profitability and driving our financial performance to new heights.

Your Work

In this role, you will:

  • 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 
  • Follow and 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 
  • Identify financial tools and systems that position us as a best-in-class finance organization
  • Develop financial reports
  • Manage the expense allocation process

Your Knowledge and Experience

  • Requires a bachelor's degree or equivalent experience
  • A minimum of 7 years of relevant professional experience is required
  • Essential experience in Expense Allocations
  • Strong financial and analytical background with proven ability to: drill into data to uncover root causes and transform data into actionable insights
  • Self-motivated and innovative thinker with a passion for process optimization
  • Experience in developing and implementing company-wide financial reports
  • Advanced financial modeling
  • Ability to work autonomously and deliver results
  • Excellent verbal and written communication 
  • Technical proficiency, including expertise in Excel, Macros, Power BI, Tableau, SQL, etc.
  • Hyperion and Planview Administrative knowledge preferred
  • Demonstrates remarkable adaptability to evolving circumstances

Pay Range : The pay range for this role is $109,340.00 to $1641,20.00 for California.

Note: Please note that this range represents the pay range for this and many other positions at Blue Shield that fall into this pay grade. Blue Shield salaries are based on a variety of factors, including the candidate's experience, location (California, Bay area, or outside California), and current employee salaries for similar roles.

Job Tags

Contract work,

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