Financial Reporting Analyst III

Horizon BCBSNJ employees must live in New Jersey, New York, Pennsylvania, Connecticut or Delaware

Job Summary:

The Financial Reporting Analyst III will be assigned to the Corporate Finance department and will be responsible for Financial, Planning and Analysis and/or accounting responsibilities. The Financial Reporting Analyst III is responsible for providing crucial support to the finance team in various areas of assigned specialization. The position will perform higher level financial analysis, conduct accurate and timely analysis using a wide variety of sources and meet with senior managers and directors across the Enterprise. Build models, schedules and templates to inform operational, financial, and strategic decisions. The responsibilities will be dependent on the specific tasks assigned to the individual. This position is accountable for complex analysis, reporting and/or accounting activities. Information generated by the Financial Reporting Analyst III is submitted to management and leadership teams across the Enterprise.Responsibilities:

• Preparation of the quarterly and annual financial statements (including footnotes) for subsidiaries of Horizon Mutual Holdings, Inc. ensuring compliance with the appropriate accounting guidance (GAAP and SAP) and regulatory requirements of the SEC, NAIC, DOBI and BCBSA. Includes responsibility for drafting the Management-s Discussion and Analysis for all filings.
• Apply new technical accounting guidance and findings to work area.
• Analysis and reporting of various monthly and quarterly financials and general ledger closing activities. Prepare financial reporting (e.g., board reports, divisional reports, scorecards and regulatory as required)
• Prepare month end reconciliations and analysis for areas of expertise 
• BCBSA financial reporting
• Coordinates audits with external auditors and delivers necessary documentation and guidance
• Prepare and review ad hoc analysis and benchmarking for assigned divisions or companies including analyzing raw financial data as well as compiling reports, graphs and presentations.
• Conduct financial and operational analysis to provide meaningful inputs for decision making. Examples of possible analysis may be: analysis of Rx Rebates, preparation of statutory and regulatory disclosures at a consolidated and standalone entity level, analysis on certain delegated vendors supporting the calculations and payment of those activities.
• Deliver accurate variance reports of various financial activities and demonstrate expert skills around analyzing and interpreting financials using statistical, financial, and operational data. Explain and correct data variances and fluctuations.
• Accountable for maintaining effective internal controls over the processes and transactions under areas of responsibility including the completeness and accuracy of financial information and transactions, compliance with applicable laws and regulations, and the effectiveness and efficiency of operations.
• Identify finance core processes for standardization/redesign and implement streamlined procedures to enhance efficiency and controls.
• Identify and resolve issues within a controlled environment while gaining exposure to more complex transaction processes for designated area(s); engages stakeholders as needed
• Provide consultation or support to assigned divisions or companies on financial matters. Develop relationships with cross-functional stakeholders and business partners. Understand business implications and proactive problem solving to help deliver business results.

Disclaimer:
This job summary has been designed to indicate the general nature and level of work performed by colleagues within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of colleagues assigned to this job.

Education/Experience:

• High School Diploma/GED required.

• Bachelor degree in Accounting, Finance, Business preferred or relevant experience in lieu of degree.

• Master's degree in business administration, accounting or finance a plus.

• Requires a minimum of (5) five years of progressively responsible experience within Finance. This may include, accounting, financial analysis, financial modeling, budgeting and related functions preferably in the health insurance industry or experience with general accounting, financial analysis, financial modeling, budgeting and related functions preferably in the health insurance industry.

• Prefer previous experience working for a large Corporation with revenue in excess of $500M.

Additional Licensing, Certifications, Registrations:

• CPA or other healthcare specific financial certifications preferred.

Skills and Knowledge:

• Prefer knowledge of accounting, finance and budget/cost.
• Requires knowledge of general accounting principles and methods; prefer knowledge of both Generally Accepted Accounting Principles (GAAP) and Statutory Accounting principles (SAP).
• Requires strong oral and written communication skills.
• Requires demonstrated aptitude for analytical thinking including the ability to research and resolve problems, report findings accurately, identify solutions and implement resolutions through interaction with companywide personnel.
• Requires very strong attention to detail and granular levels of financial reporting.
• Requires the ability to plan, organize and prioritize work assignments.
• Requires the ability to work independently and exercise sound business judgment.
• Requires strong skills in MS Office applications (particularly Excel).
• Prefer knowledge of general ledger systems.
• Prefer knowledge of financial auditing.
• Experience performing financial and ad hoc analyses using advanced Excel functionality. Macros/VBA a plus
• Demonstrated ability to manage multiple competing priorities simultaneously and drive projects to completion
• Ability to work independently in a fast-paced and rapidly changing environment
• Strong analytical skills, business acumen and problem-solving skills
• Exceptional communications skills (written and oral)
• Desire for ownership and ability to operate in fast paced environment and adopt to changing needs and responsibilities
• Meticulous attention to detail and accuracy and the ability to complete tasks with minimal oversight
• Experience performing financial and ad hoc analyses using advanced Excel functionality. Macros/VBA a plus

Salary Range:

$84,700 - $115,605

​This compensation range is specific to the job level and takes into account the wide range of factors that are considered in making compensation decisions, including but not limited to: education, experience, licensure, certifications, geographic location, and internal equity. This range has been created in good faith based on information known to Horizon at the time of posting. Compensation decisions are dependent on the circumstances of each case. Horizon also provides a comprehensive compensation and benefits package which includes:

• Comprehensive health benefits (Medical/Dental/Vision)

• Retirement Plans

• Generous PTO

• Incentive Plans

• Wellness Programs

• Paid Volunteer Time Off

• Tuition Reimbursement

Horizon Blue Cross Blue Shield of New Jersey is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, protected veteran status or status as an individual with a disability and any other protected class as required by federal, state or local law. Horizon will consider reasonable accommodation requests as part of the recruiting and hiring process.