The Financial Analyst-FEP is responsible for financial planning, analysis, and reporting activities for FEP. This role will support the financial functions of FEP including administrative expenses, cost allocations, cost submissions, financial reporting, variance analysis, reporting requirements, and audits. This position will also provide FEP finance support to various internal and external stakeholders.  

• Annual preparation of Federal Employee Health Benefit and Postal Employee Health Benefits Programs.
• Quarterly administrative cost preparation and submission to BCBSA.
• Monthly review of FEP direct and allocated expenses to FEP.
• Budget versus actual analysis of the individual programs and combined FEP program.
• Plan Incentive Program finance measures - preparation and analysis of rate of change drivers.
• FEP individual product allocation review.
• Annual Independent Public Accountant (IPA) audit relating to FEP administrative expenses.
• Financial requests from the BCBSA, Capital FEP Core Team, and government audits.
• Review of the FEP Administrative Manual, as regulation and guidance shift.
• Performs ad hoc reporting and other duties as assigned.

Location: 

• This position is hybrid, which requires onsite work on Tuesdays and Wednesdays. 

Experience:

• 3 years' health plan or healthcare finance experience. Federal Employee Program (FEP) experience strongly preferred.

Skills:

• Strong interpersonal and communication skills, including written and oral
• Ability to build productive relationships
• Self-starter with the ability to streamline functions and passion to learn and grow
• Proficiency with Microsoft Excel is required; familiarity with data query/data management tools (Access) extremely helpful
• Strong financial analysis foundation creating forecasts and models
• Strong fluency with Excel formulas and functions
• Comfort dealing with ambiguity and ability to work independently
• Excellent analytical and data gathering skills

Knowledge:

• Strong business acumen, knowledge of financial modeling and techniques

Education and Certifications:

• Bachelor’s degree in accounting/finance/economics or related field

Physical Demands:

• While performing the duties of the job, the employee is frequently required to sit, use hands and fingers, talk, hear, and see.
• The employee must be able to work over 40 hours per week. 
• The employee must occasionally lift and/or move up to 5 pounds.

Other:

• Travel on an as needed basis for external training

 

We recognize that work is a part of life, not separate from it, and foster a flexible environment where your health and wellbeing are prioritized. At Capital you will work alongside a caring team of supportive colleagues and be encouraged to volunteer in your community.  We value your professional and personal growth by investing heavily in training and continuing education, so you have the tools to do your best as you develop your career. And by doing your best, you’ll help us live our mission of improving the health and well-being of our members and the communities in which they live.