Sr Financial Policy Advisor
Blue Cross Blue Shield Association | |
United States, D.C., Washington | |
1310 G Street Northwest (Show on map) | |
April 17, 2024 | |
Develops, implements and administers Federal Employee Program (FEP) financial policies to ensure FEP compliance with the requirements of the Federal Acquisition Regulation, the Federal Employee Health Benefit Acquisition Regulation, the applicable Cost Accounting Standards, the Financial Accounting Standards, and the terms of the FEP contract, C.S. 1039, as well as to ensure the integrity and accuracy of FEP financial information. Provides guidance, interpretation and resources related to FEP financial policies to the FEPDO, BCBSA, and Plans, as well as other parties, as appropriate.
Develops, implements and administers FEP Financial policies and procedures for the FEPDO and Plans to assure that accounting and contract administration requirements are in conformity with the applicable federal contracting requirements, as well as any other regulatory requirements. Ensures that FEP financial policies are integrated and aligned within BCBSA and with Plans and appropriate parties are involved as necessary in their development and implementation.
Acts as a key advisor to Plans, senior management, and other parties/entities on all aspects of financial policies, providing advisory and interpretative services and guidance to FEP and local Plan staff utilizing CS1039 and the SBP brochure as source documents. Chairs the Allowability Committee addressing chargeable, allocable and allowable costs to the FEP Program. Documents recommendations and determines policy implications. Conducts research, as necessary, to clarify FEP's interpretation of specific regulations. Ensures the timely and efficient dissemination and communication of financial policies to Plans and other interested parties to ensure there is uniform application for compliance with requirements and for improving Program effectiveness and efficiency. Utilizes and compiles appropriate source documents, including, Special Information Bulletins, Financial Policy and Procedures Bulletins and the FEP Administrative Manual, to deliver policy information, ensuring that appropriate parties are included in the development of these. Creates and utilizes various communication and multi-media vehicles for delivering up-to-date and readily accessible policy information for the Plans and delivers training, as appropriate, to ensure understanding and reinforce compliance. Monitors and/or researches proposed standards and regulations issued by regulatory bodies and identifies those that may have an impact on FEP's financial operations and practices. Analyzes the impact on FEP and identifies alternative approaches to ensure FEP compliance. Keeps FEP senior management apprised of new developments and critical information related to compliance and necessary operational changes. Serves as technical advisor on accounting issues and by acting as a technical reviewer of financial statements. Supports CS1039 and vendor contract negotiations by preparing and providing analyses of financial data. Recommends negotiation tactics and amended contract language, where appropriate, considering all financial implications of suggested changes. Supports special projects by designing and preparing analyses of cash flows, administrative expenses, financial position and other financial metrics. Draws conclusions from the data and recommends specific action to management. Education Masters Degree Skills #LI_HYBRID No |