Sr. Accounting Analyst

What We Need:

We are seeking a detail-oriented and dynamic Senior Accounting Analyst to join our Accounting team. This role is central to our financial operations, managing the complex processes of cost allocation, financial reporting, and regulatory compliance. You will be responsible for the administration of our month-end and annual financial closing processes, quarterly reforecasts, and the annual financial plan. This position offers a unique opportunity to work across various business areas and contribute to the financial integrity of our organization, ensuring compliance with Federal Acquisition Regulations (FAR), BCBS Association, and U.S. Treasury Transfer Pricing Regulations.

This role is eligible for our Flex Persona. For candidates local to our Boston, MA and Hingham MA offices.

Your Day to Day

• Manage the monthly Cost Allocation system, processing over a billion dollars in annual administrative expenses across more than 500,000 record data set annually.
• Compile and process monthly data from multiple sources to generate statistical information for 28 distinct allocation drivers.
• Prepare and reconcile administrative expense schedules for quarterly and annual Statutory Statements, ensuring accuracy for all related financial reports.
• Develop and maintain financial reports using Oracle Smart View Excel Add-in, acting as the primary owner of cost allocation system data reporting.
• Maintain and update over 650 cost center allocation profiles, managing more than 3,500 allocation combinations monthly and recording all changes.
• Collaborate with business and operational leaders to compile and report on the quarterly and annual administrative financial plan.
• Provide critical support for the Federal Employee Program (FEP) by assisting with administrative expense reporting and audit oversight.
• Support regulated Senior Products, including Medicare Advantage and Medicare Supplemental, by assisting with annual bids, rate filings, audits, and reporting.

We’re Looking for:

• Experience with expense management, budgeting concepts, accounting theory, and both Statutory and GAAP principles preferably in a corporate accounting environment.
• Strong analytical skills
• The ability to work independently
• Proven ability to manage and analyze large datasets to identify business trends and derive sound solutions.
• A results-oriented mindset with the ability to work independently and manage multiple priorities effectively.
• Strong technical skills, including proficiency with Microsoft Office Word and PowerPoint and experience with Oracle applications, data warehouses, and reporting tools like IBM Cognos Analytics or Oracle Smart View.

What You Bring:

• BA/BS Degree in Accounting required
• Strong work ethic
• 3-5 years of experience in Accounting or related field desired
• Proficiency using Microsoft Excel/Access
• Strong communication and organizational skills

What You’ll Gain:

• You will gain knowledge and experience in the accounting field within the health insurance industry

• Work in a team friendly environment

• Be set on a career path that sets you up for success and opportunities for growth

• Have access to numerous benefits that promote a healthy work life balance for all associates

This position is eligible for the Flex persona.

#lI-HYBRID

High school degree or equivalent required unless otherwise noted above

The job posting range is the lowest to highest salary we in good faith believe we would pay for this role at the time of this posting.  We may ultimately pay more or less than the posted range, and the range may be modified in the future.  An employee’s pay position within the salary range will be based on several factors including, but limited to, relevant education, qualifications, certifications, experience, skills, performance, shift, travel requirements, sales or revenue-based metrics, and business or organizational needs and affordability.

This job is also eligible for variable pay.

We offer comprehensive package of benefits including paid time off, medical/dental/vision insurance, 401(k), and a suite of well-being benefits to eligible employees.

Note:  No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, or any other form of compensation that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company’s sole discretion, consistent with the law.

WHY Blue Cross Blue Shield of MA?

We understand that the confidence gap and imposter syndrome can  prevent  amazing candidates coming our way, so please don’t hesitate to apply. We’d love to hear from you. You might be just what we need for this role or possibly another one at Blue Cross Blue Shield of MA. The more voices we have represented and amplified in our business, the more we will all thrive, contribute, and be brilliant. We encourage you to bring us your true colors, , your perspectives, and your experiences. It’s in our differences that we will remain relentless in our pursuit to transform healthcare for ALL.

As an employer, we are committed to investing in your development and providing the necessary resources to enable your success. Learn how we are dedicated to creating an inclusive and rewarding workplace that promotes excellence and provides opportunities for employees to forge their unique career path by visiting our Company Culture page. If this sounds like something you’d like to be a part of, we’d love to hear from you. You can also join our Talent Community to stay “in the know” on all things Blue.

At Blue Cross Blue Shield of Massachusetts, we believe in wellness and that work/life balance is a key part of associate wellbeing. For more information on how we work and support that work/life balance visit our "How We Work" Page.