Horizon BCBSNJ employees must live in New Jersey, New York, Pennsylvania, Connecticut or Delaware

Job Summary:

The Financial Reporting Analyst III will be assigned to the Corporate Finance department and will be responsible for Financial, Planning and Analysis and/or accounting responsibilities. The Financial Reporting Analyst III is 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.Responsibilities:

• 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.

• Analysis and reporting of various financial activities, which may include: monthly, quarterly, and annual budgeting/forecasting, and general ledger closing activities. Prepare financial reporting (e.g., board reports, divisional reports, scorecards and regulatory as required).

• Support reporting of DMHAS requirements driving Medicaid capitation rates.

• Market share reporting.

• BCBSA financial reporting including value based analysis and reporting.

• FEP reporting and analysis in accordance with the requirements of the BCBSA Directors office as well as the Federal Office of Personnel Management.

• 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 Rx Rebates, 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 (ie. Evicore, NIA, Navahealth).

• 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 more 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.

• Responsible for least 1-2 special projects involving SGA enhancements, Internal Audit, new product development, medical cost ratio, investment, cash flow, billing or any business initiative as assigned by leadership.

• The information above is intended to describe the general nature of the work being performed by each incumbent assigned to this position. This job description is not designed to be an exhaustive list of all responsibilities, duties, and skills required of each incumbent.

Disclaimer:
This job summary has been designed to indicate the general nature and level of work performed by colleagues within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of colleagues assigned to this job.

Education/Experience:

• High School Diploma/GED required.

• Bachelor degree in Accounting, Finance, Business preferred or relevant experience in lieu of degree.

• Master's degree in business administration, accounting or finance a plus.

• 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.

• Prefer previous experience working for a large Corporation with revenue in excess of $500M.

Additional Licensing, Certifications, Registrations:

• CPA or other healthcare specific financial certifications preferred.

Knowledge:

• Demonstrate working knowledge of financial analysis to review, interpret, and translate financial and managerial reports to support the business in making decisions.

• Basic comprehension of MLR calculation, modeling and monitoring state and federal levels.

• Comprehension of risk based capital concept including forecasting modeling Basic understanding of regulatory reporting requirements for NAIC and BCBSA.

• Requires in depth knowledge of general accounting principles and methods; prefer knowledge of both Generally Accepted Accounting Principles (GAAP) and Statutory Accounting principles (SAP).

• Demonstrated strong knowledge of accounting standards and adheres to policies and regulations, technical review process, and consequences of non-compliance to monitor and reinforce quality assurance.

• Intermediate understanding of accounting principles to maintain general ledger (e.g., double entry system, processing of transactions, preparation of schedules, reports, documentation, etc.).

Skills and Abilities:

• Proven ability to develop relationships with internal customers, peers to guide and assist as needed.

• Experience performing financial and ad hoc analyses using advanced Excel functionality. Macros/VBA a plus.

• 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.

• Experience with current Horizon systems and software a plus.

Salary Range:

$84,700 - $115,605

This compensation range is specific to the job level and takes into account the wide range of factors that are considered in making compensation decisions, including but not limited to: education, experience, licensure, certifications, geographic location, and internal equity. This range has been created in good faith based on information known to Horizon at the time of posting. Compensation decisions are dependent on the circumstances of each case. Horizon also provides a comprehensive compensation and benefits package which includes:

• Comprehensive health benefits (Medical/Dental/Vision)

• Retirement Plans

• Generous PTO

• Incentive Plans

• Wellness Programs

• Paid Volunteer Time Off

• Tuition Reimbursement

Horizon will consider reasonable accommodation requests as part of the recruiting and hiring process.

Horizon Blue Cross Blue Shield of New Jersey is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, protected veteran status or status as an individual with a disability and any other protected class as required by federal, state or local law.