BLUE CROSS BLUE SHIELD (BCBS) OF MICHIGAN are looking for a Financial Coordinator
This job requires a bachelor’s degree and 4 years of experience.
This is a Full Time, Regular Employee position located in Detroit.

Departmental Summary

Responsible for monitoring, analyzing and reporting financial information including revenues, expenses, trends/forecasts, value-capture, budget variance, and segment P&L performance. 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.

Provides direct financial support to the leadership team, management and stakeholders of major Programs. Under general supervision, delivers key financial information and insight on a monthly basis to the Program as well as aggregated performance and control information to Finance leadership. Develops and maintains a common financial reporting, forecasting, and control structure/process in alignment with BCBSM Finance’s Programs Support offering 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. Supports core Finance functions related to Programs, including monthly reporting/variance analysis, quarterly spending forecasts, annual planning and budgeting, monthly accruals, purchasing reviews, and the capitalization of project-generated assets.

Works with leadership to understand the BCBSM business model and identify efforts to reduce benefit cost trends, increase healthcare value, and capture greater market share and/or product value. Use this understanding as a baseline for assessing project alignment and performance over time.

Manages the allocation of program/project value and costs to our customer-facing Segments, and provide them a profit and loss view of this information.

Demonstrates creativity, process knowledge, and technical savvy in problem-solving and in driving continuous improvement.

Evaluates project spending against external benchmarks and provide recommendations based on best practices.

Identifies, based on information in financial or regulatory reports, areas where additional analysis is needed and investigates these issues independently. 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. Drafts policies and procedures for department and/or division to help assure clarity in department and/or divisional practices and adequate internal controls. Interfaces with various departments, senior management and individuals’ external to BCBSM. Represents leadership staff at meetings in their absence. Responsible for assignments that frequently involves strict deadlines. Assists with special projects and any other duties or assignments as requested by management. Other duties may be assigned.


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

* 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.

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

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

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

* Excellent analytical, organizational,

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