Sr. Accountant, FP&A

Overview

This role manages cost reporting and analysis, planning, administrative cost controllership, and process improvements for the Federal Employee Program (FEP) segment, which includes the Federal Employee Health Benefits (FEHB) and Postal Service Health Benefits (PSHB) Programs. The position involves preparing and consulting on complex cost analysis and reporting requirements, leading audits, continuous improvement projects, and other initiatives supporting the FEP segment. The role also serves as a subject matter expert on FEP administrative guidelines, Federal Acquisition Regulation (FAR), and FEP program processes, providing training and guidance to accounting staff.

Responsibilities

• Ensure timely and accurate completion of periodic cost reporting compliant with federal and Blue Cross Blue Shield Association (BCBSA) regulations.
• Lead controllership, financial analysis, and variance reporting for reimbursable allocated administrative expenses for FEHB and PSHB Programs across quarterly, fiscal, and calendar year cycles.
• Coordinate supporting activities and assist management with reviews and approvals of cost reporting and analysis prepared by accounting staff.
• Coordinate audit cycles to ensure accuracy and adherence to deadlines; assign, review, and approve audit schedules prepared by accounting staff.
• Prepare audit schedules for complex cost categories such as Quality Improvement.
• Manage annual Independent Public Accountant audits (June–October) for FEHB and PSHB administrative costs deliverables.
• Oversee annual internal audit schedules for corporate airplane compliance (Q1).
• Manage external (BCBSA) annual Quality Improvement Expense reconciliation and supporting audit schedules (Q1–Q2).
• Support periodic internal and external audits for administrative costs as scheduled (OIG, BCBSA CPR, etc.).
• Support analysis and reporting for internal budgets and forecasts for the FEP segment.
• Prepare management presentations and commentary for financial plans.
• Assist management with development, consolidation, analysis, and reporting of the detailed annual FEP reimbursable administrative expense budget and quarterly forecasts deliverable to BCBSA.
• Assist with coordination and review of annual budget, business planning, and Advanced Intelligence Questionnaire (AIQ) planning cycles with the FEP Governance Committee.
• Prepare analysis, commentary, and presentations to support fiscal and annual FEP certification.
• Perform ad-hoc analysis and serve as subject matter expert for projects.
• Continuously improve processes, develop efficiencies, and collaborate to resolve issues.

Required Qualifications

• Bachelor’s degree in accounting or finance.
• Minimum of 5 years of related work experience including financial analysis, budgeting and forecasting, cost accounting, and reporting.
• Strong knowledge of financial systems and complex data reporting models, including PeopleSoft Financials and Oracle/Hyperion (SmartView, Essbase, Planning, Reporting).
• Advanced Excel skills (macros, complex formulas, database functions, pivot tables) and intermediate PowerPoint skills.
• Experience leading a financial/accounting team and/or managing financial analysis, audit, planning, and reporting processes.
• Strong analytical and technical skills to utilize and transform data and solve problems.
• Attention to detail with effective communication and presentation skills.

Preferred Qualifications

• Experience in the health or insurance industry.
• Experience supporting financial analysis, planning, and reporting for government contracted programs.
• Working knowledge of Federal Acquisition Regulation (FAR).
• Power BI development skills.
• Professional certifications such as CMA, CPA, or an advanced degree with a concentration in Finance.

Physical Demands and Work Environment

• Sedentary work involving exerting up to 10 pounds of force occasionally to move objects.
• Must be able to travel occasionally to multiple locations for meetings, events, and conferences.

Compensation and Benefits

• Annualized salary range: $84,500 - $137,300.
• Typical annualized hiring range: $84,500 - $105,600.
• Final pay determined based on market competitiveness, internal equity, and candidate qualifications.
• Comprehensive benefits including medical, dental, vision, life and global travel health insurance.
• Income protection benefits such as life insurance, short- and long-term disability programs.
• Leave programs supporting personal circumstances.
• Retirement savings plan with employer match.
• Paid time off, volunteer time off, 10 holidays, and 2 well-being days.
• Additional voluntary benefits and a comprehensive wellness program.

Benefits are designed to comply with federal and state employment laws and may vary based on the state of employment. Benefits for interns, part-time, and seasonal employees may differ.

Equal Employment Opportunity

The employer is committed to providing equal employment opportunities and cultivating a work environment where all employees feel included and can perform at their best. All qualified applicants will receive consideration for employment.