Financial Planning and Analysis Financial Operations Business Partner

Position Description

Base pay is influenced by several factors including a candidate’s qualifications, relevant experience, and anticipated contributions to meet the needs of the business, along with internal pay equity and external market-driven rates. The salary range displayed has not been adjusted for geographical location. This range has been created in good faith based on information known to Capital Blue Cross at the time of posting and may be modified in the future. Capital Blue Cross offers a comprehensive benefits packaging including Medical, Dental & Vision coverage, a Retirement Plan, generous time off including Paid Time Off, Holidays, and Volunteer time off, an Incentive Plan, Tuition Reimbursement, and more.   

At Capital Blue Cross, we promise to go the extra mile for our team and our community. This promise is at the heart of our culture, and it’s why our employees consistently vote us one of the “Best Places to Work in PA.”  

The FP&A Financial Operations Business Partner serves as a finance partner to assigned business areas within Capital Blue Cross, combining financial planning and analysis with hands-on accounting support. This role helps business leaders understand financial results, plan budgets and forecasts, and ensure that financial activity is accurately recorded and reported.

The position supports month-end and year-end close, including journal entries, accruals, and account reconciliations, and reviews general ledger activity for accurate coding and expense classification. The role also maintains documentation for audits and internal controls and identifies opportunities to improve financial reporting, accounting processes, and data accuracy.

Responsibilities and Qualifications

Business Partnership & Financial Planning

• Serve as a finance partner to assigned business areas, providing financial guidance and analysis to support operational planning and decision-making.
• Partner with business leaders to develop departmental budgets and forecasts that reflect operational priorities and anticipated expenses.
• Review monthly financial results with assigned business areas, explain budget-to-actual variances, and identify emerging risks and opportunities.
• Prepare ad hoc analyses and financial evaluations of business initiatives, resource needs, and process improvements, translating findings into actionable recommendations.

Financial Analysis & Reporting

• Analyze financial results, investigate variances, and provide clear explanations of trends and key business drivers.
• Develop and maintain recurring financial reports using general ledger data and other financial information.
• Analyze expenses and cost allocations to support accurate reporting and financial planning.

Month-End Close & General Ledger Support

• Support month-end and year-end close activities, including preparing journal entries, accruals, and account reconciliations.
• Review general ledger activity to ensure accurate account coding, cost center assignments, and expense classification.
• Collaborate with business partners to validate expense coding, accruals, and allocations so that financial results accurately reflect business activities.
• Research and resolve account discrepancies in collaboration with Accounting and business partners.

Audit, Controls & Process Improvement

• Maintain supporting documentation and assist with audits and internal control requirements.
• Identify opportunities to improve financial reporting, accounting processes, and data accuracy.
• Perform other financial analyses and responsibilities as assigned.

Experience & Experience

• Bachelor's degree in Accounting, Finance, or a related field.
• 2–4 years of experience in financial analysis, accounting, or a related financial function.
• Experience with general ledger accounting, journal entries, account reconciliations, and month-end close.
• Experience supporting business partners with budgeting, forecasting, and variance analysis is preferred.

Skills & Competencies

• Working knowledge of generally accepted accounting principles (GAAP) and financial reporting.
• Proficiency in Microsoft Excel and experience using financial or enterprise resource planning (ERP) systems; experience with Workday, Adaptive Planning or similar platforms is preferred.
• Strong analytical and problem-solving skills, with attention to detail and accuracy.
• Ability to manage competing deadlines, particularly during month-end and year-end close.
• Strong written and verbal communication skills, including the ability to explain financial and accounting concepts to non-financial audiences.
• Ability to build productive working relationships with Accounting, business leaders, and other Finance partners. 

Physical Demands:

• While performing the duties of the job, the employee is frequently required to sit, use hands and fingers, talk, hear, and see.
• The employee must be able to work over 40 hours per week.
• The employee must occasionally lift and/or move up to 5 pounds.

Other:

• Travel on an as needed basis for external training

About Us

We recognize that work is a part of life, not separate from it, and foster a flexible environment where your health and wellbeing are prioritized. At Capital you will work alongside a caring team of supportive colleagues and be encouraged to volunteer in your community.  We value your professional and personal growth by investing heavily in training and continuing education, so you have the tools to do your best as you develop your career. And by doing your best, you’ll help us live our mission of improving the health and well-being of our members and the communities in which they live.   

Compensation: 57020 to 105890 (USD)