Finance Business Partner

Finance Business Partner

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 (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 or onsite, in accordance with our Telecommuting Policy. Applicants must reside in Kansas or Missouri or be willing to relocate as a condition of employment."

Are you ready to make a difference? Choose to work for one of the most trusted companies in Kansas.

Why Join Us?

• Family Comes First: Total rewards package that promotes the idea of family first for all employees; including paid time off and family first leave.
• Professional Growth Opportunities: Advance your career with ongoing training and development programs both through our internal Blue University and external opportunities.
• Trust: Work for one of the most trusted companies in Kansas.
• Stability: 80 years of commitment, compassion, and community

Compensation

These positions can be hired at either FBP I or FBP II, based on education, skills and experience.

Finance Business Partner I

Exempt Grade 15

Finance Business Partner II

Exempt Grade 16

• Blue Cross and Blue Shield of Kansas offers excellent competitive compensation with the goal of retaining and growing talented team members. The compensation range for this role is a good faith estimate, it is estimated based on what a successful candidate might be paid. All offers presented to candidates are carefully reviewed to ensure fair, equitable pay by offering competitive wages that align with the individual's skills, education, experience, and training. The range may vary above or below the stated amounts.

What You'll Do

• 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 (grow and utilize data science capabilities) 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 such as product launches, market entry, and process improvement efforts.
• 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.

What You Need

• 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.

Knowledge/Skills/Abilities:

• Exceptional analytical and strategic problem-solving abilities.
• Strong attention to detail and a high degree of accuracy in financial reporting.
• Excellent communication skills, both verbal and written, with the ability to convey complex financial information to senior management and stakeholders.
• Strong organizational and time management skills, with the ability to manage multiple priorities and deadlines.
• Comfortable working in a fast-paced environment and adapting to change
• Proficient knowledge of accounting principles and financial regulations.
• Proficient understanding of financial modeling and analysis tools, including Microsoft Excel and other financial and business software.
• Understanding of financial analysis, budgeting, and forecasting techniques.
• Ability to work independently and exhibit leadership capabilities.
• Experience with enterprise resource planning (ERP) systems and other financial software.
• Experience with data visualization tools, e.g., Tableau and/or Microsoft PowerBI preferred.
• Intermediate knowledge of accounting principles and financial regulations.
• Demonstrate business and financial acumen and understanding of the divisional operations.
• High level of integrity and ethical behavior.

Bonus if you have

• Professional certification (e.g., CFA, CPA) highly desired.

Benefits & Perks

• Base pay is only one component of your competitive Total Rewards package:
• 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

Our Commitment to Connection and Belonging

At Blue Cross and Blue Shield of Kansas, we are committed to fostering a culture of connection and belonging, where mutual respect is at the foundation of our workplace. We provide equal employment opportunities to all individuals, regardless of race, color, religion, belief, sex, pregnancy (including childbirth, lactation, and related medical conditions), national origin, age, physical or mental disability, marital status, sexual orientation, gender identity, gender expression, genetic information (including characteristics and testing), military or veteran status, family or parental status, or any other characteristic protected by applicable law.

Blue Cross and Blue Shield of Kansas conducts pre-employment drug screening, criminal conviction check, employment verifications and education as part of a conditional offer of employment.