Financial Analyst in Eagan, Minnesota

Financial Analyst

At Blue Cross and Blue Shield of Minnesota, we are committed to paving the way for everyone to achieve their healthiest life. Blue Cross of Minnesota is an Equal Opportunity Employer and maintains an Affirmative Action plan, as required by Minnesota law applicable to state contractors. All qualified applications will receive consideration for employment without regard to any legally protected characteristic.

Blue Cross and Blue Shield of Minnesota

Position Title:

Financial Analyst

Location:

Hybrid | Eagan, Minnesota Career Area:
Finance

About Blue Cross and Blue Shield of Minnesota At Blue Cross and Blue Shield of Minnesota, we are committed to paving the way for everyone to achieve their healthiest life. We are looking for dedicated and motivated individuals who share our vision of transforming healthcare. As a Blue Cross associate, you are joining a culture that is built on values of succeeding together, finding a better way, and doing the right thing.

If you are ready to make a difference, join us.

The Impact You Will Have This position performs moderately complex financial analysis and planning assignments under general supervision.

• Provide financial planning and analysis support by evaluating financial results, forecasting revenue and expenses, conducting variance analysis, and delivering insights and recommendations to guide business decisions.
• Develop and maintain financial models, budgets, forecasts, and operational reports to assess performance, support resource planning, and identify key business drivers, risks, and opportunities.
• Partner with cross-functional stakeholders and business leaders to gather data, improve financial processes, solve business challenges, and serve as a trusted resource on financial and operational matters.

How You'll Do It

• Analyzes financial results, trends, performance metrics and provides root cause analysis to support business decisions.
• Analyze and report on key drivers of revenue and expense forecasting and other financial data, draw conclusions and present recommendations on findings.
• Perform detailed variance analysis by line of business, company and within divisions against budget, forecast, prior periods, or other benchmarks.
• Maintains and/or assists with development of analytical models for margin analysis, volume/price mix, operational/vendor analysis, forecasting models and other projects as assigned.
• Assists with the development and preparation of the annual budget and forecasts.
• Identify, analyze and recommend process improvements and other ad hoc analysis.
• Navigate through various systems and departments to obtain accurate information to be utilized in the budget, forecasting and other ad hoc analysis/projects.
• Maintain/prepare operational analytical reports related to resource capacity planning, capital, non-operating activities and expenses.
• In conjunction with manager, foster relationships with business owners and be a resource on financial issues.
• Performs additional responsibilities consistent with the scope and level of the role, as assigned.

Required Skills & Experience

• 3+ years of related finance professional experience
• Bachelor's degree; in lieu of a degree, an additional two years of relevant experience beyond the qualifications listed above may be accepted.

Preferred Skills & Experience

• Ability to tailor communication to varied audiences, actively listen to uncover requirements, and ensure accurate and timely information exchange.
• Ability to analyze information, identify patterns and root causes, and collaborate with partners to implement practical solutions.
• Ability to effectively organize work, balance competing priorities, and manage time across multiple responsibilities and deadlines.
• Healthcare or health insurance industry experience.
• Experience with financial modeling tools.
• Knowledge of healthcare payment methodologies.
• Ability to develop and perform audit processes.

Role Designation:
Hybrid

Anchored in Connection Our hybrid approach is designed to balance flexibility with meaningful in-person connection and collaboration. We come together in the office two days each week - most teams designate at least one anchor day to ensure team interaction. These in-person moments foster relationships, creativity, and alignment. The rest of the week you are empowered to work remote.

Compensation and Benefits:
Pay Range: $68,900.00 - $91,300.00 - $ Annual Pay is based on several factors which vary based on position, including skills, ability, and knowledge the selected individual is bringing to the specific job. We offer a comprehensive benefits package which may include:

• Medical, dental, and vision insurance
• Life insurance
• 401k
• Paid Time Off (PTO)
• Volunteer Paid Time Off (VPTO)
• And more