Internal Ops Budget /Financial Analysis III

Health Care Service Corporation

2mo ago

Job
Full-time
Mid & Senior Level
Banking & Finance
Chicago
Quick Apply

AI generated summary

You need a degree in accounting, finance, or business with 4-7 years of financial analysis experience. Must have Oracle Financials, ITAM, and experience with budgeting tools. Strong communication, presentation, and analytical skills are a must.
You will analyze budget trends, prepare variance analysis, develop financial models, present key performance metrics, ensure compliance with financial policies, evaluate capital expenditure requests, review payment processes, and assist in audits.

Requirements

Bachelor’s degree in accounting, Business, Economics or Finance and 4 years business experience in corporate financial reporting and budgeting or IT operational functions in IT Financials OR 7 business experience in corporate financial reporting and budgeting or IT operational functions in IT Financials.
Oracle Financials, Smartview, ITAM, and experience with at least one tool or comparable.
Experience in Technology or Data & Analytics budget preparation.
Customer service skills including managing customers’ expectations and/or vendor relationships
Clear and concise written and verbal communication skills
Presentation, interpersonal, organizational, and analytical skills.
PC proficiency to include Word, Excel, PowerPoint.
Detail orientated
Preferred Job Qualifications:
Experience with financial modeling.
Knowledge of IT hardware/software assets which include software licenses and maintenance costs.
Experience with business/financial models/business cases cost estimation and forecasting.
Knowledge of IT cost structure used to provide in depth analysis around project costs (hardware, software, contract labor, absorbed labor and core budget costs).
Experience using Alyteryx, Apptio and Power BI

Responsibilities

Analyze and research trends to determine applicable intervention activities for Technology operating budgets and or Enterprise Portfolio. Identify trends and prepare narrative analysis of major budget variances and make recommendations to all levels of management.
Gather and analyze key divisional performance metrics and communicate these metrics from detail to summary level. Make presentations to all levels of management.
Update existing models and build new models (resource models, IT capacity models, cost models, benefit determination) utilizing business knowledge acquired in Technology business systems Oracle Financials, Apptio, Power BI, Smartview) Identify relationship between models and different projects.
Identify risks/issues and make recommendations on process improvements within the division and portfolio and assists with the implementation.
Review and process modifications to the budgeting process, highlighting process improvements and internal customer education.
Ensure adherence to HCSC expense reduction policies through the review of budget submission and maintenance of controls. Ensure the accurate import of purchasing data into asset database.
Produce and analyze financial reports, i.e. variance analysis, staffing analysis, corporate reporting of Budget/Actual, financial metric reporting. Create and reconcile IT Hardware and Software Assets reporting and present to all levels of management.
Ensure the compliance of all financial policies/procedures related to assets such as leasing guidelines and tax policy. Assist in audits as required.
Assist with the evaluation of capital expenditure requests to ensure compliance with corporate policy and approved budgets within Internal Operations and the Enterprise Portfolio.
Ensure prompt payment by confirming all upstream procurement processes have been properly executed for assigned vendors. Work with management and project managers to resolve any payment issues. Obtain necessary approvals for payment.
Analyze purchase order and payment activity to proactively identify continued funding requirements as well as monthly accruals and follow-up disposition of prior months’ accruals.
Perform special studies, develop reports and recommendations, and participate in the analysis of corporate projects and programs.
Collaborate and assist staff in their development which enables them to successfully complete assignments.

FAQs

What is the primary responsibility of an Internal Ops Budget/Financial Analysis III?

The primary responsibility of an Internal Ops Budget/Financial Analysis III is to provide support to all levels of management in developing and monitoring budget/expense data and financial performance metrics for technology divisions and the enterprise portfolio.

What skills are required for this position?

Skills required for this position include proficiency in financial analysis, developing cost estimations, benefit determination, computer-assisted analytical and forecasting techniques, and reconciling IT hardware and software assets.

What specific tasks might an Internal Ops Budget/Financial Analysis III undertake?

Some of the specific tasks that an Internal Ops Budget/Financial Analysis III might undertake include updating and creating new financial models, developing cost estimations and benefit determination for business cases, ensuring billing accuracy of hourly contractors and service agreements, and resolving any issues preventing payment.

Who does an Internal Ops Budget/Financial Analysis III provide support to?

An Internal Ops Budget/Financial Analysis III provides support to all levels of management within the technology divisions and enterprise portfolio.

Health Care Service Corporation

Empowering Whole Person Health With Compassion and Innovation

Science & Healthcare

Industry

10,001+

Employees

Mission & Purpose

Health Care Service Corporation, a Mutual Legal Reserve Company (HCSC), is an Independent Licensee of the Blue Cross and Blue Shield Association. We are the largest customer-owned health insurer in the United States, serving more than 18.6 million members through our Plans in Illinois, Montana, New Mexico, Oklahoma, and Texas. For nearly a century, we have enabled and coordinated the access to quality care for millions of members. Our experience and industry knowledge establishes a solid foundation for our future—driving innovations that further expand access, improve health outcomes, and reduce costs. Embedded within the fabric of how we operate is a deep sense of caring and commitment that informs how we serve our members, engage in local communities, and deliver positive change to the health care industry. As health care needs evolve, we leverage our portfolio of companies to deliver differentiated value to all industry stakeholders so that, together, we make more possible.