Blue Cross Blue Shield of Minnesota

Finance 

Overview

How does Blue Cross achieve success? For one thing, our success requires the support of detailed, analytical thinkers who can be flexible in their approach to the business challenges we face. That means balancing the practical work of financial scrutiny with the vision to transform the numbers into a superior service organization.

Blue Cross’ Finance division provides guidance about the business and financial implications of the company’s decisions. In addition, it manages the organization’s payments and expenses, provides reporting for internal and regulatory purposes, and maintains and evaluates critical financial data.

Finance consists of six main areas:

  • Finance department — disciplines include cost accounting and accounts payable, corporate tax and financial reporting, financial systems and payroll, purchasing and vendor management, self-insured business accounting, and accounting of special accounts
  • Corporate actuarial department — disciplines include underwriting and actuary, treasury and investments, corporate actuarial
  • Financial planning, corporate budgeting and analysis, and decision support department — this area develops the fiscal plan for our board of directors and forecasts our financial picture over the next 3 to 5 years. This group also creates reports for the Department of Human Services and other state organizations.
  • Corporate budgeting — manages monthly divisional expenses, including forecasting future expenses and comparing actual to forecast numbers
  • Decision support — specializes in analyzing financial data and helping business areas make sound business decisions from that data. The group assists with everything from specific projects to division-wide leadership.
  • Internal audit and risk management department — the team includes internal auditors and operational performance analysts

Skills we value

You’ll do well in the Finance division if you have strong analytical skills, can effectively and efficiently translate numbers into insightful management reports, and like to think beyond the data to its meaning and opportunities. Ideally, you’re detail-oriented — and able to step back and see the bigger picture.

What’s next