Financial Audit Senior Consultant at Blue Cross Blue Shield Association | Gaithersburg, Massachusetts, US | Rezi

Financial Audit Senior Consultant at Blue Cross Blue Shield Association

Financial Audit Senior Consultant

Blue Cross Blue Shield Association · Gaithersburg, Massachusetts, US

Today

Financial Audit Senior Consultant

Blue Cross Blue Shield Association · Gaithersburg, Massachusetts, US

4 hours ago
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About the Role

This role provides a leadership position in monitoring, analyzing, and auditing complex financial transactions, evaluating regulatory compliance, developing corrective actions, and delivering training. It also involves acting as a consultant on audit activities, developing programs to prevent abuse, and leading projects, with frequent interaction with staff and management at various levels.

Responsibilities

  • Monitor, analyze, and evaluate assigned financial/accounting transactions and other financial data for accuracy, propriety, and compliance with policy requirements.
  • Document and summarize activities and results in analyses and reports to department management.
  • Lead approximately three to five financial audits/reviews per year (via desk or on-site) to determine the accuracy and propriety of Plans recorded financial transactions/reports and assess compliance with pertinent Policies.
  • Supervise and train team members assigned to support these audits.
  • Evaluate the level of compliance with applicable federal regulations, contractual requirements, and procedures at BCBSA and Plans.
  • Maintain the BCBSA compliance plan and serve as the main point of contact for BCBSA and Plans financial and claims audits.
  • Develop corrective action plans as needed.
  • Serve as subject matter expert for BCBSA financial policies and procedures regarding the audit process.
  • Instruct audit flow facilitation.
  • Analyze and assess audit trends, best practices, and risk.
  • Develop an overall and effective audit program.
  • Develop and present training to BCBSA and Plans as it relates to all types of audits.
  • Evaluate Plan inter-Plan billing rate requests of high complexity levels and recommend rates to be approved to ensure billings/reimbursements between Plans are valid and for proper amounts.
  • Perform more complex activities relating to administration of the contract with a large banking institution.
  • Provide guidance to team members on their assignments.
  • Ensure that BCBSA’s transaction billings to Plans are correct.
  • Ensure that the various transaction activity reports provided to the Plans meet their internal needs.

Requirements

  • Minimum of five years of related work experience, including health insurance accounting, internal/financial auditing, general accounting, financial reporting, and project management.
  • Experience with BCBS Inter-Plan Programs.
  • Proficiency with Microsoft Office Suite.

Skills

  • Effective written and verbal communication skills.
  • Demonstrated ability to build relationships with key resource people, whether internal or external.
  • Ability to train less experienced staff.
  • Advanced analytical skills and ability to frame issues and develop solutions.
  • Ability to work independently and manage time effectively.
  • Effective presentation skills and ability to adapt to changing priorities.
  • Intermediate knowledge of auditing, finance, and claims operations.
  • Advanced negotiation, analytical, and problem-solving skills.
  • Effective project management, interpersonal, and organizational skills.
  • Ability to develop and maintain business relationships and create strategies that support initiatives.

Location

  • Remote

Work Type

  • Remote
  • Full-time

Experience Level

  • 5+ Years related work experience

Education Level

  • Bachelor's Degree in accounting, business, finance, or related field; or equivalent work experience

Salary/Compensations

  • 92,787.88 - 122,529.02

Benefits

  • Paid time off
  • 11 holidays
  • Medical/dental/vision insurance
  • Generous 401(k) matching
  • Lifestyle spending account
  • Annual bonus incentive pay