CareFirst– Financial Lead Analyst


Job Title: Analyst, Financial Lead

Location: Portals

Career Band:   B

Job ID #: 8915

POSITION DESCRIPTION: Performs various Cost Accounting functions requiring an expert knowledge of the theory and practice of recording, classifying, examining and analyzing the data and records of financial transactions of the organization and applying statistical techniques. Requires exceptional, in-depth job knowledge of the fundamental doctrines, theories, principles and terminology of accounting performed within the corporation and a thorough knowledge of the data processing functions performed within the department/division.  The incumbent assumes a proactive approach in ensuring the accuracy and integrity of financial data for all cost accounting matters through coordination of transaction processing, analytical processes, investigation and interpretation of financial cost trends and identification and resolution of problems as they arise. Independently applies principles and practices to difficult problems on an enterprise wide scale. The position assumes a team leadership role to assure the timely and accurate processing of financial/cost information in compliance with applicable corporate financial policies, Federal Government Regulations, Generally Accepted Accounting Principles (GAAP), statutory (STAT), and BCBSA Guidelines and Bulletins. Works to direct the efforts of less experienced staff.


This position builds upon the Senior Financial Analyst and Financial Analyst  positions and has demonstrated greater skills and knowledge to accomplish work objectives.  The incumbent is responsible for directing the efforts of the Cost Accounting staff and providing leadership and guidance regarding problematic issues. Work is reviewed for overall professional judgment, insight to departmental and organizational goals, quality and performance effectiveness of the
entire staff.  Under the general direction of the Manager of Cost Accounting, the incumbent’s accountabilities include, but are not limited to the following:

1. Leads the planning and scheduling of work responsibilities in support of labor/work effort time reporting, development of cost allocation statistics and methodologies, review of cost allocation assignment of vendor trade payables and associate expenses, monthly administrative cost allocation development/Grid closure and development of cost reports.

  1. Provides a team leadership role and hands-on performance in the completion/closure of monthly administrative cost, including labor/expense allocations; review of cost center business purpose narratives and statistical data for cost allocation justification; analysis of cost /financial  standard and ad hoc reports generated; collaboration and frequent contact with staff throughout the Plan to ensure deadlines are reasonable and met; to retain the insight necessary to assure that reliable cost data is collected and that staff members are educated on cost allocation/accounting and its impact to their areas of  responsibility.

    3. Coordinates, reviews and analyzes cost accounting data to ensure compliance with applicable corporate policies, federal/state government regulations, GAAP and BCBSA Guidelines.  Responsible for integrity of data in the Cost Accounting System. Ensures cost accounting process changes and financial system  processes are in compliance with government rules and regulations. Assists in documenting and maintaining records in support of internal and external audits/reviews.  Recommends, implements and documents changes to accounting workflow and controls when appropriate. Ensuring proper cost allocations in accordance with the Patient Protection and Affordable Care Act (ACA) Medical Loss Ratio (MLR) tracking and reporting requirements.

    4. Directs Cost Development staff, conducts in-house training sessions, provides guidance, support and  feedback consistent with Department goals, work requirements and HR policies and practices in order for staff to complete job assignments effectively, efficiently,  at a high productivity and quality level and in a timely manner.  Assists in interviewing and hiring selected applicants for positions in Cost Accounting.  Provides input in the completion of performance and promotion reviews for personnel, and in disciplinary matters.

    5. Leads and coordinates the planning, design, implementation, development of functional specifications and testing of new or upgraded accounting packages purchased externally or developed internally.  Assists in the evaluation and recommendation of accounting software applications (i.e., cost accounting, time reporting, etc.).

    Position requires an excellent working knowledge of Accounting – Cost and Financial.  Excellent organizational, leadership and communication skills (both written and verbal).  Exceptional analytical and problem solving skills.  Strong sense of initiative.  Ability to work both independently and as a team member.  Requires adaptability/flexibility to lead multiple projects and meet deadlines in a fast paced/rapidly changing and quality oriented environment.  Strong customer focused orientation.  Must be professional in demeanor and appearance.  Maintain highly sensitive information in a confidential manner.  Extensive experience with Federal Contracting Regulations.  Solid PC background and extensive knowledge of mainframe host computer and client/server system functions.

    Must be able to effectively work in a fast paced environment with frequently changing priorities, deadlines, and workloads that can be variable for long periods of time.  Must be able to meet established deadlines and handle multiple customer service demands from internal and external customers, within set expectations for service excellence.   Must be able to effectively communicate and provide positive customer service to every internal and external customer, including customers who may be demanding or otherwise challenging.

    Bachelor’s degree in Accounting, Business Administration or related business field or equivalent technical training and 7+ years of demonstrated progressively responsible work experience in accounting.

    Strong knowledge of CareFirst organization and financial systems and processes; FEP Government and Medicare contracting knowledge (FAR); in-depth knowledge of GAAP and STAT accounting rules.  CPA licensure and/or MBA.  Expertise in cost accounting allocations and methodologies; and working knowledge of  Cost Accounting Standards (CAS); and experience with Oracle Financial and Hyperion applications.

The physical demands described here are representative of those that must be met by an associate to perform the essential duties and responsibilities of the position successfully.  Requirements may be modified to accommodate individuals with disabilities.

The associate is primarily seated while performing the duties of the position.  Occasional walking or standing is required.  The hands are regularly used to write, type, key and handle or feel small controls and objects.  The associate must frequently talk and hear.  Weights of up to 25 pounds are occasionally lifted.

Department: Financial Reporting, Planning


Note:  The incumbent is required to immediately disclose any debarment, exclusion, or other event that makes him/her ineligible to perform work directly or indirectly on Federal health care programs.

CareFirst BlueCross BlueShield is an Equal Opportunity (EEO) employer.  It is the policy of the Company to provide equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic information.

Must be eligible to work in the U.S. without Sponsorship

Please visit our website to apply:

Please apply before:  September 16, 2016

Actual salary will be based on relevant job experience and work history.


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