Finance Business Partner-1

About the position Blue Cross and Blue Shield of Kansas is looking to add to our Financial Planning & Analysis team and has a new opportunity for Finance Business Partners. The Finance Business Partner I (FBP) empowers financially sound planning and decision making throughout the organization. This role works with departments, sub-divisions, and less complex divisions within the organization by spreading financial acumen; telling compelling, data-driven stories to spur action; bridging the knowledge gap between finance and operations; and assisting in the creation of financial planning and analysis's (FP&A's) decision support tools. As an FBP, you will take a more technology-guided and teaching-focused approach to business partnering, enabling decision makers to make sound financial decisions more independently. You will do this by training nonexecutive decision makers on how to use FP&A's decision support tools and by simplifying FP&A analysis into easily digestible business logic. This position is eligible to work hybrid (9 or more days a month onsite) in accordance with our Telecommuting Policy. Applicants must reside in Kansas or Missouri or be willing to relocate as a condition of employment.

Responsibilities

• Perform analysis of financial data and develop comprehensive financial models to support high-level business decisions.
• Prepare and present detailed monthly, quarterly, and annual divisional reporting deliverables, including in-depth variance analysis and key performance indicators for divisional teams.
• Work with divisional owners in the development of annual budgets and periodic forecasts, providing strategic guidance and recommendations.
• Collaborate with management and stakeholders to facilitate understanding of the business unit dynamics and leverage knowledge to provide analyses that inform business decisions.
• Monitor and track financial performance against established divisional targets and budgets, identifying and addressing any discrepancies.
• Conduct in-depth analyses of financial data to highlight trends, risks, leading indicators, business statistics, and opportunities for improvement.
• Build and leverage divisional and other internal relationships to optimize financial decision making and profitability.
• Utilize scalable analytical models that produce fact-based data analysis and insights to support divisional business decisions.
• Assist in the development of business cases and recommendations on financial strategies focused on business growth/market presence and margin improvement.
• Support divisional and corporate long-term strategic planning initiatives by providing expert financial insights and recommendations.
• Collaborate with business unit and cross-functional teams to gather and analyze critical financial information, ensuring alignment with overall business objectives.
• Support the coordination of functional expenses and other forecasts.
• Prepare and present financial presentations for senior management and other key stakeholders.
• Ensure compliance with financial regulations and company policies, advising on best practices.
• Conduct ad hoc financial analyses and coordinate special projects as required.
• Stay current with industry trends, emerging financial practices, and regulatory changes.

Requirements

• Bachelor's degree in Finance, Accounting, Economics, or a related field required.
• 2-5 years of relevant experience in financial analysis or a related field, with a proven track record of success in a financial analyst or business partnership role.
• Level II experience requirements: 5+ years of relevant experience in financial analysis or a related field, with a proven track record of success in a senior role or equivalent responsibilities.
• 1-2 years proven experience in a business unit partner role with a strong foundation in financial strategy and business alignment.
• 0-2 years of leadership experience in a senior analyst, project leadership, or similar role.

Nice-to-haves

• Professional certification (e.g., CFA, CPA) highly desired.
• Experience with data visualization tools, e.g., Tableau and/or Microsoft PowerBI preferred.

Benefits

• Incentive pay program (EPIP)
• Health/Vision/Dental insurance
• 6 weeks paid parental leave for new mothers and fathers
• Fertility/Adoption assistance
• 2 weeks paid caregiver leave
• 5% 401(k) plan matching
• Tuition reimbursement
• Health & fitness benefits, discounts and resources

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