Job Description

The Statutory Reporting Financial Coordinator is responsible for monitoring, analyzing and preparing financial information and statements including SAP Filings, and trends. Also responsible for preparing financial analysis and modeling that supports prospective business decisions. Leads or works with a team (within the department or across multiple departments) to complete assigned projects. Works within strict deadlines and under little or no supervision.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

1. Oversees decision support oriented financial reporting for a division, customer or segment that may include linking financial information from various sources to provide meaningful financial reports or to assure appropriate data reconciliation. Financial data may include financial statements detail, corporate, division and cost center BPR information, cost allocation information, general ledger transaction activity, settlement activity, membership, billing and revenue activity, external benchmark data and external audit findings.

2. Prepares and publishes various financial or regulatory reports and/or statements under GAAP and SAP accounting standards for management outside the department and/or parties’ external to BCBSM (e.g. auditors, customers, providers, BCBSA, FEP, NAIC, OFIS, Standard & Poor’s, and AM Best).

3. Identifies, based on information in financial or regulatory reports, areas where additional analysis is needed and investigates these issues independently.

4. May review financial information prepared by other financial staff members and customers for accuracy and completeness. Information may include budgets, business cases, impact studies, audit findings, footnotes and regulatory schedules. Edits, corrects and revises as appropriate.

5. Drafts policies and procedures for department and/or division to help assure clarity in department and/or divisional practices and adequate internal controls.

6. Interfaces with various departments, senior management and individuals’ external to BCBSM. Represents leadership staff at meetings in their absence.

7. Responsible for assignments that frequently involves strict deadlines.

8. Assists with special projects and any other duties or assignments as requested by management.

EDUCATION AND EXPERIENCE

1. Bachelor’s Degree in Accounting, Finance or related field required. Master’s Degree preferred.

2. Four (4) to six (6) years’ experience in related field with extensive background in financial analysis and reporting (internal/external). Experience in healthcare or insurance industry is considered a plus.

3. Experience in leading projects, coordinating efforts that involve other people and demonstrated leadership skills.

CERTIFICATES, LICENSES, REGISTRATIONS

1. Certification (CPA, CMA, and CFM) preferred.

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

OTHER SKILLS AND ABILITIES

1. Excellent verbal and written communication skills to effectively communicate financial information to financial and non-financial individuals.

2. Excellent analytical, organizational, problem-solving skills and the ability to identify and analyze accounting and business issues.

3. Expert level knowledge of Generally Accepted Accounting Principles (GAAP) and Statutory Accounting Principles (SAP)

4. Familiar with healthcare and insurance industry.

5. Ability to work independently, within a team environment and with multiple priorities.

6. Ability to effectively interface with various levels of management internally and as well as contacts outside the organization.

7. Comprehensive knowledge of financial transactions flow and their financial statement impact

8. Proficient in current industry standard PC applications and systems (e.g., Excel, Word, PowerPoint, Access).

9. General knowledge of WORKIVA and Oracle.

10. Other related skills and/or abilities may be required to perform this job.

ADDITIONAL INFORMATION

The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified. This job description does not constitute a contract for employment.

All qualified applicants will receive consideration for employment without regard to, among other grounds, race, color, religion, sex, national origin, sexual orientation, age, gender identity, protected veteran status or status as an individual with a disability.