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Employment Opportunities

Position Posted On:
9/13/2013
Employer:
Wellmark Blue Cross Blue Shield
Address:
1331 Grand Avenue
Des Moines, IA  50309
Website:

Job Title:
Financial Data Rotational Program
Job Type:
Business
Schedule:
Community Service
Hours Per Week:
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Position Start Date:
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Pay Rate:
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How To Apply:
Please apply online at www.wellmark.com/careers
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Job Description:
Overview: Responsible to take ownership, develop critical skills and make a measureable impact by completing daily work and leading and contributing to projects exploring aspects of Finance and key business functional areas within the insurance industry. Three year full time program composed of three, one year rotations which may include assignments in Business Analytics, Billing Operations, Financial Management Reporting, Internal Audit, Underwriting, and/or Market Data Analytics. Gain exposure to the breadth of finance through rotational assignments and training and development opportunities. Required Qualifications: Bachelor's Degree in Business, Accounting, Finance, Economics, Math or analytical field. Less than one year of work experience, including: • Demonstrated knowledge of accounting principles • Demonstrated analytical and creative problem solving skills • Proven experience managing multiple tasks, meeting deadlines • Effective planning and organizational skills • Strong interpersonal skills, strong oral and written communication skills • Ability to communicate effectively with all levels of staff and leadership • Demonstrated ability to implement process changes with an orientation towards continuous improvement • Demonstrated ability to work effectively in teams • Strong computer skills in Microsoft Excel, Access, PowerPoint • GPA of 3.0 or above on a 4.0 scale Preferred Qualifications: Business internship or previous business or finance experience Accountabilities: Business Analytics Rotation 1. Extract, analyze and interpret data using business intelligence tools to support the initiatives of the team. Support the development and maintenance of data mining tools and applications, and standard reporting business rules that drive decision making efforts for all internal and external stakeholders. 2. Consult with internal stakeholders to understand data requests and requirements by guiding stakeholders in identifying reporting objectives and develop intelligence packaging to meet reporting needs. Be sensitive to the relationships with representatives of large employer groups, the provider community, and external vendors. 3. Demonstrate a good understanding of Wellmark’s data systems, applications, processes and functions to analyze data from multiple sources efficiently, and effectively show the value in reports to stakeholders. Monitor and maintain the integrity of the data and business intelligence system infrastructures. Billing Operations Rotation 1. Research, analyze and develop reports by collaborating with business analytics to accurately monitor and track accounts receivable and cash flow for individual market. 2. Analyze and implement improvements to process of tracking and reporting on stop loss profitability and trends. 3. Perform audits and analysis of stop loss payments to ensure correct claim payments, pricing and eligibility. 4. Assist in daily accounts receivable management and collection efforts. Financial Management Reporting Rotation 1. Develop and analyze financial data, including gathering and/or compiling source information and generating journal entries. 2. Prepares formal management reports as well as ad hoc reporting of financial results by gathering data from various accounting applications and putting it in an appropriate format for the intended audience. 3. Research, report on and provide input to adapt to upcoming changes in Generally Accepted Accounting Principles (GAAP), Statutory Accounting Principles (SAP) and other accounting guidelines/rules. Internal Audit Rotation 1. Analyze business processes and identify major risks within the process. 2. Assess risk and apply the assessment to prioritize audit objectives. Develop audit programs that test the level to which such risk has been addressed in the area audited. 3. Independently identify and evaluate internal control issues and departures from operating procedures and standards. 4. Test controls for WellSOX program to ensure controls are working effectively. 5. Write audit reports and negotiate audit issues with all levels of management. Lead exit conferences as appropriate and follow-up to ensure issues are resolved. 6. Maintain and continually improve understanding of Wellmark’s business and business environment including compliance with laws and regulations, new products and services offered by Wellmark, organization structure, corporate policies, and Wellmark’s strategic direction. Underwriting Rotation 1. Apply standard underwriting principles and procedures to assess risk by reviewing claims experience, medical conditions, claim information, demographic data, size of group, location of group, benefits and different funding arrangements to appropriately set rates for renewals and new business quotations. 2. Interpret, analyze and summarize financial and clinical data received from multiple sources including competitor reports, trend and cost utilization, loss ratio reports, risk assessments, industry variation, third party administrators to set appropriate premium rates. 3. Create and maintain relationships with internal and external stakeholders and communicate financial outcomes to the group decision maker with the support of a senior underwriter and/or leader. 4. Apply independent decision making to all groups, funding arrangements and Request for Proposals and present decision to senior level underwriter and/or leader. 5. Assess renewal and new business benefit offerings to determine if they meet healthcare reform requirements. Marketing Data Analytics Rotation 1. Interact with Market Segment Managers to understand their data needs and develops data analysis to support these needs. 2. Perform routine and non-routine data mining, tabulation and analytic assessment utilizing current customer and market data to support Marketing functions. 3. Provide data support, including tabulation and reporting for population of market segment dashboard performance metrics. 4. Provide data reporting and analytic assessment to support analysis and tracking of the performance of products and market segments. All rotation assignments 1. Other duties as assigned.
Job Qualifications:
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