Financial Analyst, Senior

Job Description
Your Role
The Operations Finance Sales Incentive team oversees calculation and analysis of internal compensation paid to Sales and external bonuses paid to brokers, as well as other incentive lifecycle activities and government mandate reporting. The Financial Analyst, Senior will report to the Senior Manager, Sales Incentive. In this role you will be the primary point of contact for a line of business' sales incentive program administration and facilitate a government mandate reporting program. As a trusted partner to HR Compensation and Sales, you will oversee and facilitate the incentives which drive behavior and help Blue Shield achieve its membership and profitability goals.

This position is based out of California for Blue Shield offices.

Responsibilities
Your Work
In this role, you will:

• Manage sales incentive administration activities which include extracting, reconciling, and updating data, as well as running calculation models, forecasting future payouts, summarizing information, and creating reports
• Oversee and facilitate monthly government mandated employer group reporting, to include extracting and updating data, validation, report generation, distribution, and query resolution
• Follow and conduct audit processes and review internal controls to ensure financial transactions are accurate, timely and comply with accounting standards, principles and company policy
• Provide policy guidance and interpretation to ensure financial records are consistent and comply with company policies
• Manage the development of incentive goals which include modeling, coming up with recommendations, and working with management to gain alignment and approval
• Conduct system preparation activities which may include designing and setting up plan designs, populating data, and performing testing
• Partner with HR compensation and be the Operations Finance liaison with Sales in the annual incentive compensation lifecycle

Qualifications
Your Knowledge and Experience

• Requires a bachelor's degree or equivalent experience
• Requires at least 5 years of prior relevant experience
• Detailed oriented with experience working with n umbers, data, and systems
• Strong Analytical abilities with a demonstrated history of driving process improvement
• Quick learner and self-starter with strong communication and written skills
• Advanced MS Excel required and Intermediate MS Access skills highly desired
• Experience with Oracle Fusion Incentive Compensation System (nice to have)

About The Team
About Blue Shield of California
As of January 2025, Blue Shield of California became a subsidiary of Ascendiun. Ascendiun is a nonprofit corporate entity that is the parent to a family of organizations including Blue Shield of California and its subsidiary, Blue Shield of California Promise Health Plan; Altais, a clinical services company; and Stellarus, a company designed to scale healthcare solutions. Together, these organizations are referred to as the Ascendiun Family of Companies.

At Blue Shield of California, our mission is to create a healthcare system worthy of our family and friends and sustainably affordable. We are transforming health care in a way that genuinely serves our nonprofit mission by lowering costs, improving quality, and enhancing the member and physician experience.

To achieve our mission, we foster an environment where all employees can thrive and contribute fully to address the needs of the various communities we serve. We are committed to creating and maintaining a supportive workplace that upholds our values and advances our goals.

Blue Shield isa U.S. News Best Company to work for, a Deloitte U.S. Best Managed Company and a Top 100 Inspiring Workplace. We were recognized by Fair360 as a Top Regional Company, and one of the 50 most community-minded companies in the United States by Points of Light. Here at Blue Shield, we strive to make a positive change across our industry and communities – join us

Our Values:

• Honest. We hold ourselves to the highest ethical and integrity standards. We build trust by doing what we say we're going to do and by acknowledging and correcting where we fall short.
• Human. We strive to listen and communicate effectively, showing empathy by understanding others' perspectives.
• Courageous. We stand up for what we believe in and are committed to the hard work necessary to achieve our ambitious goals.

Our Workplace Model:
At Blue Shield of California and the Ascendiun Family of Companies, we believe in fostering a workplace environment that balances purposeful in-person collaboration with flexibility. As we continue to evolve our workplace model, our focus remains on creating spaces where our people can connect with purpose – whether working in the office or through a hybrid approach – by providing clear expectations while respecting the diverse needs of our workforce.

Two Ways of Working:

• Hybrid (Default): Work from a business unit-approved office at least two (2) times per month (for roles below Director-level) or once per week (for Director-level roles and above).Exceptions:
• Member-facing and approved out-of-state roles remain remote.
• Employees living more than 50 miles from their assigned offices are expected to work with their managers on a plan for periodic office visits.
• For employees with medical conditions that may impact their ability to work in-office, we are committed to engaging in an interactive process and providing reasonable accommodations to ensure their work environment is conducive to their success and well-being.
• On-Site: Work from a business unit-approved office an average of four (4) or more days a week.

Physical Requirements:
Office Environment - roles involving part to full time schedule in Office Environment. Based in our physical offices and work from home office/deskwork - Activity level: Sedentary, frequency most of work day.

Please click here for further physical requirement detail.

Equal Employment Opportunity:
External hires must pass a background check/drug screen. Qualified applicants with arrest records and/or conviction records will be considered for employment in a manner consistent with Federal, State and local laws, including but not limited to the San Francisco Fair Chance Ordinance. All qualified applicants will receive consideration for employment without regards to race, color, religion, sex, national origin, sexual orientation, gender identity, protected veteran status or disability status and any other classification protected by Federal, State and local laws.