Owings Mills, Maryland
Planning & Reporting Financial Analysis Manager Job Opening in Owings Mills, Maryland - PRINCIPAL ACCOUNTABILITIES:
Under the general supervision of the Senior Director, the Manager?s accountabilities include, but are not limited to, the following:
1. Manages the development and analytical review of the annual SBU administrative expense budget and various forecasts. Includes working with Senior Directors, VP?s, cost center managers, other SBU?s, Finance management, as well as various other areas and levels of the company; preparing presentations to Senior Management and the Board of Directors; monitoring monthly expenses to determine appropriateness, including expense allocation methodologies, and reporting on expenses and variances from plan and forecast.
2. Responsible for providing support and direction to SBU management on administrative expense issues, including the development of analytical tools, reports and communications on expense and operational goals and objectives. Serves as the source of operational and financial information used in making business decisions. Manages SBU expenses including accruals, and vendor and Inter-Plan fees; monitors and reports on FTEs; and makes recommendations to management for changes that can favorably impact profitability. Develops strategies for managing budgets to target. Calculates and monitors performance against SBU financial goals.
3. Actively involved in planning and monitoring the strategic goals of the SBU, and development of reports and presentations to the CEO and BOD, including the 3 year business plan. Participates in operational goal setting and responsible for monthly reporting and monitoring of CMTM, PMTM and all business goals. Includes working with Senior Directors, VP?s, other SBU?s, Strategic Planning, as well as various other areas and levels of the company. Presents periodic oral reports on performance in forums including divisional, management, and CEO meetings. Directs the investigation and explanation of variances from target, and identification of potential issues to assure data integrity, as appropriate. Participates in Corporate projects and meetings in order to ensure Large Group operational and financial goals and objectives are met, and that projects achieve and maintain optimum efficiency and satisfaction standards.
4. Assures payments are made in accordance with terms of vendor arrangements and underlying support documentation. Responsible for identifying unusual trends and potential issues, identification of root causes, and recommendations for changes and/or issue resolution. Calculates the productivity and quality incentive plan payout inclusive of analysis and recommentations for changes. Manages research and other special projects, and ad-hoc requests such as productivity analyses, variance analyses, forecasting, etc.
5. Manages departmental resources and assignments; provides guidance, training, support and leadership to assigned staff consistent with CareFirst HR policies, in order to ensure a competent and effective workforce with the necessary skills to accomplish departmental goals. Responsible for meeting staffing needs, associate development, and performance assessment of direct reports.
SUPERVISORY RESPONSIBILITY:
Direct reports include, but are not limited to 3+ non-management staff such as Analysts. Provides guidance and leadership to direct reports.
MINIMUM QUALIFICATIONS:
Required: Bachelor?s Degree in Accounting or Finance, and 6-8 years of progressively responsible lead-role or managerial experience in an insurance or financial services industry with direct Financial accountability, preferably both. Microsoft Office Suite and Oracle Financial Suite applications skills.
Abilities/Skills:
The individual must have advanced analytical and financial modeling skills, problem solving, planning and financial and accounting skills, and the ability to develop and implement policies and programs that will advance corporate, financial and operational goals and objectives. Excellent interpersonal skills, the ability to effectively manage a staff through leadership and the promotion of teamwork is essential. The incumbent must possess highly developed presentation, written and oral communication skills to effectively convey complex and detailed concepts to diverse audiences, and facilitate communication between different areas of the corporation. The incumbent must possess extremely well developed organizational and prioritization skills as well as strong process orientation 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 deadlines and handle multiple demands from internal and external customers, in accordance with set expectations for service excellence. Must be able to effectively communicate and provide positive service to every internal and external customer, including those who may be demanding or otherwise challenging.
Preferred:
Master?s degree or other professional certification : Consumer Direct Quality Assurance, Training, Compliance & Budget
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.
Actual salary will be based on relevant job experience and work /Self Service/Recruiting
Please visit our website to apply: /careers
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.
PHYSICAL DEMANDS:
The physical demands described here are representative of those that must be met by an employee to perform the essential duties and responsibilities of the position successfully. Requirements may be modified to accommodate individuals with disabilities.
The employee 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.
Must be eligible to work in the U.S. without Sponsorship
Job Type: Full-time
Required education:
Bachelor's
Required experience:
Managerial: 6 years
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