Blue Cross NC Foundation: Financial Accounting & Reporting Analyst

Job Description

As the Financial Accounting & Reporting Analyst for the Blue Cross NC Foundation, you will support the grantmaking work of the BCBSNC Foundation by ensuring timely and accurate payments of grants and expenses, production of accurate, quality and timely GAAP and statutory financial reporting; ensuring adherence to financial accounting controls and polices; coordinating the monthly, quarterly and yearly close; and coordinating general ledger maintenance. Our ideal team member will thrive in and contribute to a collaborative environment, working cross-functionally to support the critical areas of finance and operations. In conjunction with the Operational Excellence Project Manager and other internal and external partners, the Financial Accounting & Reporting Analyst implements and oversees projects to improve and/or facilitate accounting and reporting functions and manage aspects of the Foundation's operations. This position reports to the Foundation Vice President, Finance & Operations. Success in this position requires sound financial expertise, attention to detail, innovative use of technology, and a willingness to collaborate across the division and with corporate to ensure the timely and accurate management of foundation resources.

What You'll Do

• Designs, recommends, implements, maintains and monitors financial accounting and reporting processes, policies and systems. Continuously focuses on processes to improve and to simplify the financial accounting and reporting process.
• Ensure financial accounting and reporting controls and maintain a high degree of accuracy. Emphasizes a culture of accountability.
• Collaborate with management on the development of the annual budget.
• Performs and/or reviews accounting policy research efforts related to Statutory Accounting Principles and presents results to senior finance leadership.
• Manage the day-to-day accounting processes including accounts payable, expense reimbursements, and wire transfers ensuring adherence to Foundation policies and in accordance with budget.
• Lead vendor management process ensuring collection of appropriate data and tax compliance documents. Manage relationships with vendors, consultants, and grantees to provide insight and ongoing support related to the Foundation's financial processes and respond to inquiries in a timely manner.
• Prepare journal entries and account reconciliations, assist with the monthly close activities, prepare schedules and other general accounting functions.
• Manage or perform functions related to accounting and or reporting on a GAAP/FASB basis. Research and or analyze financial/operating data to identify and solution challenges impacting business unit(s), and act as a reference on these challenges for others in accounting.
• Initiate projects to improve processes/controls, partner with project teams to ensure resolution of project/post-project issues and participate on cross-functional projects as a finance representative.
• Responsible for setup and maintenance of accounting system, chart of account, or other reporting and accounting sub-systems ensuring that all financial transactions are reported accurately and in line with budget.
• Performs timely and accurate account and system reconciliations, Monitors resolution of reconciling items on a timely basis.
• Contribute to accounting related presentations to team.
• Responsible for preparation of GAAP/FASB monthly, quarterly, and annual reports for internal/external audiences including 1099 data and supporting information for tax returns sound fi.
• Collaborate with colleagues in grants management and operational excellence to ensure that grants and contracts payments comply with legal agreements.
• Assists with internal and external audits; coordinates timely release of appropriate information; responds to audit reports and initiates follow-up activities for action items to ensure compliance.
• Maintain and enhance internal controls and perform self-testing.

What You Bring

• Bachelor's degree or advanced degree (where required)
• 8+ years of experience in related field.
• In lieu of degree, 10+ years of experience in related field.

Bonus Points

• Master's Degree in Accounting, preferred
• Nonprofit accounting experience, 3+ years, preferred
• Proficient technology skills in MS Excel, Accounting G/L, and an innovative approach to solving problems through technology.
• Prior experience with Blackbaud, Bill.com, FastFund, and Workiva

What You'll Get

• The opportunity to work at the cutting edge of health care delivery with a team that's deeply invested in the community
• Work-life balance, flexibility, and the autonomy to do great work
• Medical, dental, and vision coverage along with numerous health and wellness programs
• Parental leave and support plus adoption and surrogacy assistance
• Career development programs and tuition reimbursement for continued education
• 401k match including an annual company contribution
• Learn more

Salary Range At Blue Cross NC, we take great pride in a fair and equitable compensation package that reflects market-price and our starting salaries are typically planned near the middle of the range listed. Compensation decisions are driven by factors including experience and training, specialized skill sets, licensure and certifications and other business and organizational needs. Our base salary is part of a robust Total Rewards package that includes an Annual Incentive Bonus*, 401(k) with employer match, Paid Time Off (PTO), and competitive health benefits and wellness programs.

• Based on annual corporate goal achievement and individual performance.

$107,901.00 - $172,642.00 Skills JOB ALERT FRAUD: We have become aware of scams from individuals, organizations, and internet sites claiming to represent Blue Cross and Blue Shield of North Carolina in recruitment activities in return for disclosing financial information. Our hiring process does not include text-based conversations or interviews and never requires payment or fees from job applicants. All our career opportunities are published on https://bcbsnc.wd5.myworkdayjobs.com/en-US/BCBSNC. If you have already provided your personal information that you suspect is fraudulent activity, please report it to your local authorities. Any fraudulent activity should be reported to: [email protected]. Apply tot his job Apply To this Job