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'll Have This position performs moderately complex financial analysis and planning assignments under general supervision. What You'll Do
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.
- 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.
- 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.
- 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 leverage technology to tailor communications to varied audiences, listen to uncover needs, analyze root causes, and collaborate on 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 definition:
- Teleworking is working full time remote.
- Hybrid is a minimum of 2 days onsite.
- Onsite is full-time onsite.
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 $68,900.00 - $91,300.00 - $113,700.00 AnnualPay 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
To discover more about what we have to offer, please review our benefits page.
Equal Employment Opportunity StatementAt 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, and will not be discriminated against based on any legally protected characteristic.
Individuals with a disability who need a reasonable accommodation in order to apply, please contact us at: [email protected].
Blue Cross® and Blue Shield® of Minnesota and Blue Plus® are nonprofit independent licensees of the Blue Cross and Blue Shield Association.
Physical requirements.
Skills Required
- 3+ years of related finance professional experience
- Bachelor's degree (or additional two years of relevant experience in lieu of degree)
- Experience performing variance analysis, forecasting, budgeting, and financial modeling
- Ability to partner with cross-functional stakeholders and communicate financial insights
- Experience with financial modeling tools
- Healthcare or health insurance industry experience
- Knowledge of healthcare payment methodologies
- Ability to develop and perform audit processes
Blue Cross and Blue Shield of Minnesota Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Blue Cross and Blue Shield of Minnesota and has not been reviewed or approved by Blue Cross and Blue Shield of Minnesota.
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Retirement Support — The program combines a 401(k) match with additional company retirement contributions and a cash balance pension. This multi-pronged design strengthens long-term financial security beyond standard offerings.
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Parental & Family Support — Benefits include fully paid parental leave, adoption/surrogacy/foster assistance, and childcare support. These resources provide meaningful support across diverse family needs.
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Leave & Time Off Breadth — PTO that increases with tenure, multiple paid holidays, personal days, and paid volunteer time are paired with flexible scheduling. This breadth supports sustained work-life balance across career stages.
Blue Cross and Blue Shield of Minnesota Insights
What We Do
Blue Cross and Blue Shield of Minnesota is a taxable, nonprofit organization with a mission to make a healthy difference in people’s lives. Chartered in 1933 as Minnesota’s first health plan, we’ve promoted wider, more economical and timely availability of health services for the people of Minnesota for 80+ years. Blue Cross® and Blue Shield® of Minnesota is a nonprofit independent licensee of the Blue Cross® and Blue Shield® Association.
