About Blue Cross and Blue Shield of Minnesota

At Blue Cross and Blue Shield of Minnesota, we are committed to paving the way for everyone to achieve their healthiest life. We are looking for dedicated and motivated individuals who share our vision of transforming healthcare. As a Blue Cross associate, you are joining a culture that is built on values of succeeding together, finding a better way, and doing the right thing. If you are ready to make a difference, join us.

The Impact You'll Have

What You'll Do

• Support month-end and year-end financial close processes by preparing journal entries, accruals, account reconciliations, and related financial schedules.
• Maintain key accounting controls and deliverables that support accurate consolidated financial reporting, including variance analysis and timely resolution of discrepancies.
• Coordinate third-party vendor payments, investigate discrepancies, and partner with stakeholders to resolve issues accurately and on time.
• Provide documentation and accounting support for internal, external, and regulatory audits, quarterly reporting, and limited annual filing activities. 
• Document accounting procedures and identify practical opportunities to improve efficiency and automate recurring work.

How You'll Do It

• Compile and analyze financial data to prepare accurate and timely journal entries.
• Prepare, record, and analyze month-end accruals; perform calculations and supporting reconciliations to ensure completeness and accuracy.
• Support month-end and year-end processes by managing assigned responsibilities and ensuring timely, accurate completion of related financial schedules.
• Perform and document moderately complex account reconciliations; investigate and resolve variances promptly.
• Support internal, external, and regulatory audits by providing documentation and acting as a resource.
• Perform monthly and quarterly balance sheet variance analysis for assigned accounts, explain drivers, and collaborate with stakeholders to address issues.
• Investigate discrepancies and perform ad hoc analysis and reporting; identify root causes and recommend corrective actions.
• Partner with stakeholders to drive process improvement and automation.
• Ensure compliance with GAAP, statutory accounting principles, internal controls, and corporate accounting policies; maintain documentation and update procedures as required.
• Assist with new product and business line setup as needed; design accounting flows, controls, documentation and refine processes as products matures.
• Maintain and/or lead established moderately complex accounting projects as assigned by management.
• Performs additional responsibilities consistent with the scope and level of the role, as assigned.

Required Skills & Experience 

• 5+ years of related accounting professional experience.
• Bachelor’s degree; in lieu of a degree, an additional two years of relevant experience beyond the qualifications listed above may be accepted. 

Preferred Skills & Experience 

• Ability to communicate complex topics clearly and concisely, actively listen to anticipate stakeholder needs, and align others to drive informed decisions.
• Ability to analyze complex information, evaluate options, and work cross-functionally to drive resolution and prevent recurrence.
• Ability to effectively organize work, balance competing priorities, and manage time across complex assignments and competing deadlines.
• Healthcare, health insurance, or other insurance industry experience.
• Experience preparing journal entries, completing account reconciliations, and supporting audit requests.
• Advanced Microsoft Excel skills, including lookups, SUMIFS, pivot tables, and summarizing large data sets.
• Experience with SAP or other financial systems.
• Knowledge of generally accepted accounting principles (GAAP).
• Experience documenting processes and identifying opportunities to improve efficiency or automate recurring work.

Role Designation

Role designation definition:

• Teleworking is working full time remote.
• Hybrid is a minimum of 2 days onsite.
• Onsite is full-time onsite.

Anchored in Connection

Our hybrid approach is designed to balance flexibility with meaningful in-person connection and collaboration. We come together in the office two days each week – most teams designate at least one anchor day to ensure team interaction. These in-person moments foster relationships, creativity, and alignment. The rest of the week you are empowered to work remote.

Compensation and Benefits

Pay is based on several factors which vary based on position, including skills, ability, and knowledge the selected individual is bringing to the specific job.

We offer a comprehensive benefits package which may include:

• Medical, dental, and vision insurance

• Life insurance

• 401k

• Paid Time Off (PTO)

• Volunteer Paid Time Off (VPTO)

• And more

To discover more about what we have to offer, please review our benefits page.

Equal Employment Opportunity Statement

At Blue Cross and Blue Shield of Minnesota, we are committed to paving the way for everyone to achieve their healthiest life. Blue Cross of Minnesota is an Equal Opportunity Employer and maintains an Affirmative Action plan, as required by Minnesota law applicable to state contractors. All qualified applications will receive consideration for employment without regard to, and will not be discriminated against based on any legally protected characteristic.

Individuals with a disability who need a reasonable accommodation in order to apply, please contact us at: talent.acquisition@bluecrossmn.com.

Blue Cross® and Blue Shield® of Minnesota and Blue Plus® are nonprofit independent licensees of the Blue Cross and Blue Shield Association.

Physical requirements.