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Treasury Forecasting Analyst

Treasury Forecasting Analyst

Boston StaffingBoston, MA, US
5 days ago
Job type
  • Full-time
Job description

Treasury Forecasting Analyst

Ready to help us transform healthcare? Bring your true colors to blue. The Treasury Forecasting Analyst will be responsible for the forecasting function of the $50+ billion in corporate cash flows and for forecasting the corporate balance sheet as well as identifying, analyzing and explaining the variances to forecast and the corresponding impacts to liquidity. In addition, this position will assume the responsibility of developing the annual $12.0 million budget for the Treasury Department.

Key Accountabilities

  • Responsible for the development and analysis of the $50+ billion cash flow forecast and perform variance analysis.
  • Responsible for the production of the daily cash flow forecast.
  • Responsible for the completion of the three year forecast of capital spending, cash flows and balance sheets relative to the annual financial plan, quarterly reforecasts and the annual Standard & Poor's credit rating review.
  • Responsible for the development and completion of the annual $12.0 million Treasury Department Budget.
  • Responsible for identifying and reconciling the differences between GAAP financial statements and Statutory financial statements for forecasting purposes.
  • Responsible for the drill down of the balance sheet results for the purpose of improving the accuracy of the balance sheet forecast.
  • Perform ad hoc analysis for potential corporate financing opportunities

Challenges / Problem Solving

  • The company's financial performance depends heavily on investment income achieved within the corporate portfolio. As a member of the Treasury team, this position will work with other members in the department to ensure that the investment income goals (achieving approximately $150 million+ annually) are met.
  • With over $50+ billion in cash flows, it is important to analyze and manage these cash flows to ensure adequate liquidity.
  • With respect to setting the $12.0 million Treasury Division Budget, the challenge is to balance resources requirements with budgetary constraints.

    • Decision Making Authority

  • In this role, you will have the authority to develop creative solutions when creating the $12.0 million Treasury Division Budget.
  • In this role, you will work with the Treasury team to determine how best to maintain corporate liquidity either through the long-term portfolio or through the lines of credit available.

    • What You Bring

  • Effective communication skills
  • Strong rational and logical thinking skills
  • The ability to diagnose problems and develop solutions with a focus on process improvement
  • The expectation of setting high standards
  • Teamwork / Collaboration
  • Strong attention to detail
  • Strong PC Skills including working knowledge of MS Excel, Word and Access
  • Excellent analytical / quantitative skills
  • The ability to capture and synthesize large amounts of data

    • Education / Relevant Experience

  • 1-3 years experience in forecasting, financial analysis, budgeting, capital planning and cash management is required.
  • Large corporate experience preferred (revenues of 8+ billion) and insurance company is a plus.
  • Strong knowledge of managed care and health insurance principles is preferred.
  • Bachelor's Degree in Accounting or Finance is required; a Master's Degree in Business Administration (MBA) is a plus.
  • Certifications such as Certified Treasury Professional (CTP) Certification, Certified Managerial Accountant (CMA) or Charted Financial Analyst (CFA) are a plus.

    • Salary Range

    $72,270.00 - $88,330.00 The job posting range is the lowest to highest salary we in good faith believe we would pay for this role at the time of this posting. We may ultimately pay more or less than the posted range, and the range may be modified in the future. An employee's pay position within the salary range will be based on several factors including, but limited to, relevant education, qualifications, certifications, experience, skills, performance, shift, travel requirements, sales or revenue-based metrics, and business or organizational needs and affordability. This job is also eligible for variable pay. We offer comprehensive package of benefits including paid time off, medical / dental / vision insurance, 401(k), and a suite of well-being benefits to eligible employees.

    Why Blue Cross Blue Shield of MA?

    We understand that the confidence gap and imposter syndrome can prevent amazing candidates coming our way, so please don't hesitate to apply. We'd love to hear from you. You might be just what we need for this role or possibly another one at Blue Cross Blue Shield of MA. The more voices we have represented and amplified in our business, the more we will all thrive, contribute, and be brilliant. We encourage you to bring us your true colors, your perspectives, and your experiences. It's in our differences that we will remain relentless in our pursuit to transform healthcare for ALL. As an employer, we are committed to investing in your development and providing the necessary resources to enable your success. Learn how we are dedicated to creating an inclusive and rewarding workplace that promotes excellence and provides opportunities for employees to forge their unique career path by visiting our Company Culture page. If this sounds like something you'd like to be a part of, we'd love to hear from you. You can also join our Talent Community to stay "in the know" on all things Blue. At Blue Cross Blue Shield of Massachusetts, we believe in wellness and that work / life balance is a key part of associate wellbeing. For more information on how we work and support that work / life balance visit our "How We Work" Page. Voted as the highest in member satisfaction among Massachusetts commercial health plans by JD Power, Blue Cross Blue Shield of Massachusetts is a community-focused, tax-paying, not-for-profit health plan headquartered in Boston. We have been a market leader for over 75 years, and are consistently ranked among the nation's best health plans. Our daily efforts are dedicated to effectively serving our 2.8 million members, and consistently offering security, stability, and peace of mind to both our members and associates. Our Commitment to You We are committed to investing in your development and providing the necessary resources to enable your success. We are dedicated to creating a refreshing and rewarding workplace that promotes excellence and provides opportunities for employees to forge their unique career path. We take pride in our diverse, community-centric, wellness-focused culture and believe every member of our team deserves to enjoy a positive work-life balance. Blue Cross Blue Shield of Massachusetts is an Equal Employment Employer - veterans / disability. Applicants are considered for all positions without regard to race, color, religion, sex, national origin, age, veteran status, disability, sexual orientation, gender identity or expression, or any other characteristics protected by law. Blue Cross Blue Shield of Massachusetts will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with Blue Cross Blue Shield of Massachusetts's legal duty to furnish information.

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    Treasury Analyst • Boston, MA, US