The incumbent is responsible for the Financial Planning and Analysis accountabilities associated with the company’s transformation activities.
Directs the accurate and timely development, analysis, and reporting of data to management within critical time constraints. This position is responsible for ensuring the Transformation activities drive impact; for approving business cases; for highlighting financial trends that could hinder or accelerate financial impact; and for communicating the financial impact of the Transformation to the VP of Transformation Office and Business Alignment, the VP and Treasurer and the Executive Leadership Team. This position oversees the coordination and development of various ad-hoc financial analyses and establishes and implements the appropriate financial and operational controls in order to maintain the integrity of the organizational infrastructure.
Under the general direction of the VP and Treasurer, with a dotted line to the VP of Transformation Office and Business Alignment, the incumbent’s accountabilities include, but are not limited to the following:
1. Tracks and validates Payment Transformation Opportunity business cases and coordinates overall allocation of resources
Works with Payment Transformation Opportunity Owners and Finance teams to ensure consistent approach to valuation of Payment Transformation Opportunity impact (including validating all Payment Transformation Opportunity business cases and setting key assumptions to be used across all Workstreams)
Performs financial tracking of progress against commitments (both value delivery and timing)
Segregates the financial impact of the Transformation from baseline performance
Resolves resource allocation, project management, financial and risk issues together with the VP of Transformation Office and Business Alignment, Payment Transformation Opportunity Owners, Workstream Leads, Executive Sponsors and other stakeholders as appropriate
Supports CFO in integration of Transformation commitments with Budgets
Works with Transformation leadership to translate aspirations into clear targets
Supports executive team in setting overall Transformation targets and overseeing appropriate resource allocation
Works with VP of Transformation Office and Business Alignment and Workstream Leads to communicate targets effectively
Communicates the financial impact of the Transformation more broadly
Liaises with Finance function and CFO Provides executive team adequate information and guidance to support its decision making
Highlights developing financial trends which could hinder or accelerate financial impact
Performs trend analyses to forecast future monthly impacts and compare against monthly financial goals
Makes recommendations to resolve emerging issues or take advantage of positive trends
Anticipates and recommends solutions for financial issues that arise
SUPERVISORY RESPONSIBILITY: Position has 3 direct reports:
3 Transformation Office Sr. Financial Analysts – responsible for preparing Payment Transformation Opportunity business cases for review and approval of the TO Finance Director
Bachelor’s degree in business specializing in either Finance or Accounting and a minimum of 10 years of financial experience; knowledge of healthcare finance required; actuarial knowledge preferred; and a minimum of 5 years of management experience.
Exceptional analytical skills, excellent written and oral communications skills, strong PC skills.
Must be able to effectively work in a fast-paced environment with frequently changing priorities, deadlines, and workloads that can be variable for long periods of time. Must be able to meet established deadlines and handle multiple customer service demands from internal and external customers, within set expectations for service excellence. Must be able to effectively communicate and provide positive customer service to every internal and external customer, including customers who may be demanding or otherwise challenging.
Ability to conduct or understand financial and actuarial analyses preferred.
Department: Treasury Management
Equal Employment Opportunity
CareFirst BlueCross BlueShield is an Equal Opportunity (EEO) employer. It is the policy of the Company to provide equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic information.
Hire Range Disclaimer
Actual salary will be based on relevant job experience and work history.
Note: The incumbent is required to immediately disclose any debarment, exclusion, or other event that makes him/her ineligible to perform work directly or indirectly on Federal health care programs.
The associate is primarily seated while performing the duties of the position. Occasional walking or standing is required. The hands are regularly used to write, type, key and handle or feel small controls and objects. The employee must frequently talk and hear. Weights of up to 25 pounds are occasionally lifted.
The physical demands described here are representative of those that must be met by an associate to perform the essential duties and responsibilities of the position successfully. Requirements may be modified to accommodate individuals with disabilities.
Sponsorship in US
Must be eligible to work in the U.S. without Sponsorship
About CareFirst BlueCross BlueShield
In its 82nd year of service, CareFirst, an independent licensee of the Blue Cross and Blue Shield Association, is a not-for-profit health care company which, through its affiliates and subsidiaries, offers a comprehensive portfolio of health insurance products and administrative services to 3.3 million individuals and groups in Maryland, the District of Columbia and Northern Virginia. In 2018, CareFirst invested $38 million to improve overall health, and increase the accessibility, affordability, safety and quality of health care throughout its market areas.