Director, Finance - Health Plan
Responsible for oversight of the financial operations of a
business segment within the health plan, and support the direct operating
expense oversight of the department. Appraise operating results in terms of
costs, budgets, operational policies, trends and increased profit
opportunities. Partner with segment and matrix partner leaders to drive
achievement of current year and multi-year financial commitments.
Essential Job Functions:
1. Performs management responsibilities to include, but are
not limited to: involved in hiring and termination decisions, coaching and
development, rewards and recognition, performance management and staff
productivity.
2. Plans, organizes, staffs, directs and controls the
day-to-day operations of the department; develops and implements policies and
programs as necessary; may have budgetary responsibility and authority.
3. Function as member of the team responsible for developing
vision and strategy. Provide detailed guidance on the preparation of all
financial components of the strategic plans across the business segment.
Oversee communication of strategy and vision to management and staff and to
representatives of the company.
4. Accountable for activities required to maintain financial
records, the preparation of financial statements, the preparation of Board of
Director statements, and the preparation of statutory reports for submission to
the Department of Insurance in various states.
5. Lead the business segment department operating expense
oversight, including maintenance of budget development processes and assessment
of operating effectiveness with respect to current and multi-year financial
performance targets.
6. Oversight of detailed, multi-year earnings improvement
initiatives under the direct and indirect control of the segment leadership,
including measurable initiatives across all P&L categories.
7. Partner with actuarial functions, enabling effective product
pricing, in-year claim analysis, and incurred but not recorded reserve decision
making.
8. Oversee compliance matters including product filings,
resolution of regulatory issues, responses to regulatory inquires, for a
variety of products and programs marketed across the United States. Provide
counseling/advice with respect to regulatory developments in the external
environment, product development issues, and the interpretation and
administration of Commercial Markets products.
9. Oversight of the business segments initiatives, ensuring
that initiative business cases are thoroughly documented and that measurable
success criteria are contemplated in current and multi-year budgets,
projections, etc.
10. Other duties as assigned or requested.
Minimum Qualifications:
Bachelor's degree in Finance, Accounting or other related field 7+
years management experience in finance or accounting in the health care payer
sector
Preferred Qualifications:
MBA Certified Public Accountant (CPA)
Benefits - Full
Relocation Assistance Available - Yes
Bonus Eligible - Yes
7+ to 10 years experience
Management Experience Required - Yes
Minimum Education - Bachelor's Degree
Willingness to Travel - Occasionally
Location: PA
