And Qualifications Partners with executives and senior leaders to provide dedicated financial planning and analysis resources. Manages the annual budgeting and forecasting process to ensure timely and accurate budgets. Manages a comprehensive cash flow modeling tool that is interactive with the Workday Financial Accounting System, Adaptive Planning System, Actuarial Modeling systems and investment portfolio income-forecasting model. Establishes key financial metrics and assist in defining operat... more details
Director Financial Planning & Analysis
Job LocationsUS-PA-Harrisburg
Workplace
Hybrid
Employment Type
Full Time
ID
2024-2973
Position Description
At Capital Blue Cross, we promise to go the extra mile for our team and our community. This promise is at the heart of our culture, and it’s why our employees consistently vote us one of the “Best Places to Work in PA.”
The position manages the financial planning and analysis team responsible for the budgeting and forecasting activities for Capital Blue Cross. This position is responsible for the financial performance reporting, the annual budgeting and forecasting process, and financial analysis associated with business cases. The incumbent is the financial partner to executives and senior leaders on financial planning, business performance measurements, and financial analysis.
Responsibilities and Qualifications
Partners with executives and senior leaders to provide dedicated financial planning and analysis resources.
Manages the annual budgeting and forecasting process to ensure timely and accurate budgets.
Manages a comprehensive cash flow modeling tool that is interactive with the Workday Financial Accounting System, Adaptive Planning System, Actuarial Modeling systems and investment portfolio income-forecasting model.
Establishes key financial metrics and assist in defining operational performance metrics. Proactively identifies opportunities and makes recommendations to improve financial and operational systems and processes.
Develops and implement financial strategies, policies, procedures to optimize financial planning and analysis operations and improve cost efficiency.
Provides financial analysis of actuals versus forecasts and potential opportunities, including analysis of key financial indicators and drivers of underlying performance that provide financial and business insight to senior management.
Assist the Vice President, Finance and Controller with reporting to meet financial reporting requirement, including GAAP, regulatory compliance, and internal responsibility statements.
Serve as a member of a cross-functional team responsible for reviewing the portfolio of corporate projects.
Manages a team by setting clear goals and expectations, providing regular coaching and feedback, and providing development opportunities.
Skills:
Proven leader with a record of accomplishment successfully working with diverse stakeholders including financial institutions, executives, customers, and subsidiary companies.
Drive Results - ability to drive results across the company. This includes working closely with senior management and their teams to appropriately budget and forecast financial performance including membership, gross margin and administrative expenses. This also includes working with and leading diverse groups of cross-functional individuals with the goal of developing strategies and implementing strategic initiatives.
Manages Complexity - ability to manage complex functional areas including the budget and forecast processes, shared services support, and investment/project initiatives.
Develop Employees - ability to effectively manage by setting expectations, providing regular feedback, coaching for stronger performance, and providing development opportunities.
Collaborate - ability to work cooperatively with others across the organization to achieve shared objectives, facilitate open dialogue with a variety of stakeholders, balance own interests with others, and promote high visibility of shared contributions to goals.
Persuade- ability to skillfully negotiate in tough situations. This includes sharing ideas in a compelling manner to gain commitment from others and finding common ground and acceptable alternatives that satisfy the needs of multiple stakeholders.
Courage - ability to tackle difficult issues with optimism and confidence, share sensitive messages or unpopular points of view in a motivating manner, and tackle/lead tough assignments.
Communicates Effectively - ability to communicate to all levels of the organization, including the Boards of Directors and Board Committees. Deliver messages in a clear, compelling, and concise manner, actively listen and check of understanding, and adjust communication content and style to meet the needs of diverse stakeholders.
Knowledge:
Strong working knowledge of the health insurance industry regarding accounting matters.
Strong knowledge of reporting and business analytics including financial modeling, budgeting and forecasting. Knowledge of health insurance accounting principles, concepts and theories.
Experience:
Minimum of 7 years of relevant experience in accounting and finance, including leading a team of finance and planning analysts. 3 years prior management experience.
Education, Certification, and Licenses:
Bachelor’s degree in accounting, business, management, or finance required
MBA or an advanced degree in business, management, or finance preferred
Location:
This position is classified hybrid, which requires onsite work on Tuesdays and Wednesdays.
About Us
We recognize that work is a part of life, not separate from it, and foster a flexible environment where your health and wellbeing are prioritized. At Capital you will work alongside a diverse and caring team of supportive colleagues, and be encouraged to volunteer in your community. We value your professional and personal growth by investing heavily in training and continuing education, so you have the tools to do your best as you develop your career. And by doing your best, you’ll help us live our mission of improving the health and well-being of our members and the communities in which they live.
Capital Blue Cross is an independent licensee of the Blue Cross Blue Shield Association. We are an equal opportunity/affirmative action employer and do not discriminate on the basis of race, color, religion, national origin, gender, sexual orientation, gender identity, age, genetic information, physical or mental disability, veteran status, or marital status, or any other status protected by applicable law.
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