FP&A Decision Support 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 Business Decision Support Partner provides financial planning, analysis, and decision support to a complex business division and broader corporate initiatives. This role serves as a financial partner to business leaders, helping them understand financial performance, manage budgets, evaluate business decisions, and identify opportunities to improve financial outcomes.

The position supports the annual budgeting and forecasting processes, budget-to-actual analysis, expense and allocation review, financial reporting, and ad hoc financial analysis. The role also supports the development of cost-benefit analyses for business initiatives and enterprise projects, helping assess financial impacts, assumptions, costs, benefits, and overall business value.

Responsibilities and Qualifications

Financial Planning & Business Support

• Partner with business leaders and stakeholders to provide ongoing financial analysis and decision support.
• Support the development of annual operating budgets, forecasts, and other financial planning activities.
• Perform monthly budget-to-actual analysis, investigate significant variances, identify trends, and communicate financial insights to business partners.
• Develop recurring and ad hoc financial analyses in response to business needs, management requests, and emerging priorities.
• Translate financial information into clear, actionable insights for both financial and non-financial stakeholders.

Expense, Invoice & Allocation Support

• Review and support appropriate financial coding of invoices and other expenses, including cost center, account, spend category, project, and other applicable financial dimensions.
• Assist business partners with questions regarding expense classification, budget availability, and financial treatment.
• Support expense allocation processes and analysis, including review of allocation methodologies, underlying financial data, and resulting impacts.

Cost-Benefit & Project Financial Analysis

• Support the preparation and maintenance of cost-benefit analyses for business initiatives, strategic investments, and enterprise projects.
• Gather and evaluate financial assumptions, implementation costs, ongoing operating expenses, potential savings, and other financial impacts.
• Assist with updating financial models as project assumptions, timelines, costs, or expected benefits change.

Financial Planning Systems & Process Support

• Assist with ongoing administration and execution of financial planning processes within the organization's planning and budgeting systems.
• Support routine financial and budget data loads, validation, reconciliation, and related planning activities.
• Assist with maintaining planning structures, assumptions, reports, and supporting processes.
• Identify opportunities to improve the efficiency, consistency, and accuracy of financial planning and reporting processes.

Audit & Financial Reporting Support

• Provide financial analysis and documentation support for audits, financial sampling, and other financial review activities.
• Assist with gathering, validating, and reconciling financial information required for audit and compliance-related requests.
• Provide backup and supplemental analytical support for specialized financial reporting and audit activities as business needs require.

Additional Responsibilities

• Collaborate across Finance, Accounting, business operations, and project teams.
• Document financial processes and support the development of standardized procedures and controls.
• Perform other financial analyses and responsibilities as assigned.

Experience & Education

• Bachelor's degree in Finance, Accounting, Business Administration, Economics, or a related field.
• Relevant experience in financial planning and analysis, corporate finance, accounting, budgeting, or a related financial function.
• Experience supporting business partners or operational areas with financial analysis is preferred.
• Experience with budgeting, forecasting, financial modeling, and variance analysis is preferred.

Skills & Competencies

• Strong financial analysis, problem-solving, and critical-thinking skills.
• Strong attention to detail with the ability to work accurately with large or complex financial datasets.
• Proficiency in Microsoft Excel, including formulas, financial modeling, data analysis, and reporting.
• Experience with enterprise financial planning, ERP, or reporting systems; experience with Workday, Adaptive Planning or similar planning platforms is preferred.
• Ability to manage multiple priorities and work effectively in a dynamic business environment.
• Strong written and verbal communication skills, including the ability to communicate financial concepts to non-financial audiences.
• Ability to establish productive working relationships with Finance, business leaders, project teams, and other cross-functional 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

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.