Chief Financial Officer

Company: Empower Healthcare Solutions
Location: Little Rock
Posted on: December 4, 2019

Job Description:

Job SummaryThe SVP/CFO is responsible for all strategic matters and direction as they relate to business and financial planning, budget management, cost benefit analysis, IBNR, oversight of bonding requirements, risk budgeting, financial modeling and forecasting, providing overall executive leadership for the Finance and Actuarial (internal and external) teams and effective monitoring of P&L reporting of the business plan.More specifically, the SVP/CFO will be responsible for corporate governance for finance and monitor business metrics and reporting.This is a unique opportunity for the SVP/CFO in partnership with the CEO will develop and execute the short-term and long-range financial and operational planning that is aligned with the overall strategic business plan for the company. The SVP/CFO serves as a business partner to the CEO. As a member of the leadership team the SVP/CFO is involved in shaping and executing all strategic and operational decisions.Prior experience in the managed care sector of health care on the payor side is critical. Serves as CEA financial officer by assuming responsibility for management of overall financial operations, including financial reporting, actuarial and accounting.Essential Functions & ResponsibilitiesDetermines financial information requirements of Centralized Executive Administration (CEA) and Beacon Finance/Business teams in order to successfully meet business objectives. Analyzes current and future business plans and determines financial effect of various alternatives.Leads the development and maintains regular financial reporting procedures to ensure timely reporting of financial results to CEA team, the Board of Managers, federal/state/local regulatory agencies and other external users.Develops internal control policies and procedures ensuring the safeguarding of company assets.Oversees development of annual operating and capital budgets. Ensures variances to budget are identified and reported in timely fashion.Directs and provides guidance in the development of financial and investment policies, procedures, processes and standardized reporting of department activities.Oversees and drives actuarial analysis and leads the development of appropriate reimbursement methodologies for all services and supports.Oversee all finance related activities for the organization including developing and monitoring progress against Annual Operating Plan.Responsible for financial analysis, identification of month-end financial drivers, and forecasting including headcount planning to ensure compliance with state requirements.Responsible for identifying medical cost trends and leadership of medical cost improvement initiativesPerform financial impact analysis for new contracts and support negotiations.Review monthly performance and financial results of the business unit and provide recommendations to CEA team.Coordinates and monitors cash operations and capital planning, including forecasting needs and developing appropriate financial sources to ensure adequate access to capital.Participates in CEA team planning and decision-making activities and collaborates on special projects within company operations.Oversees administration of financial functions and ensures appropriate coordination with vendors such as Beacon and Access Health.Perform all job functions with integrity. Provide timely internal and external customer service in a cooperative, professional, and respectful manner.Administer the general accounting, business services, including third party reimbursement, financial and statistical reporting functions in accordance with established policies and accounting procedures.Work collaboratively with the CEO and governing Board in the development of long and short-range objectives.Meeting regulatory funding requirements.Determines IBNR and provides regular DHS monthly reporting as requiredProvides DHS and other regulatory agencies financial information requested.Works with vendors to obtain and validate claims payments and other financial information.Monitors the fiscal performance on realizing its established plans and objectives and identifies and reports undesirable trends with remedial action recommendations to the CEO, Finance Committee and Board of Managers for final review and approval.Determines priorities, assigns work tasks, coordinates processes, and provides direction and coaching, ensuring quality of deliverables and managing performance.Develops and implements standardized, integrated financial management systems, policies, procedures and internal controls for operations, development and delivery of financial training sessions to both finance and non-finance staff and partners.Reviews and analyzes financial statements and prepares monthly variance analysis.Prepare budgets, cash flow projections and monthly, quarterly and annual financial project reports.Approves and monitors all expenditures according to the Board approved budget.Provides ongoing financial advice and support to Project Managers/Budget Holders and/or vendors (delegated entities) concerning the conduct of financial management reviews, revision of financial reports, interpretation and application of policies and procedures.Supports the conduct of external audits on a variety of assigned projects by managing all internal process requirements, serving the primary finance liaison to the external auditor, review all preliminary audit reports and recommendations and preparing preliminary responses.Supervisory ResponsibilitySupervises managers; provides guidance on complex strategic issues.Plans and implements company-wide financial improvement initiatives and projects.Directs Finance and Actuarial teams and other support staff (Audit and Investment) in the proper management of Empower's financial and business performance.Provides guidance to resolve performance issues in timely and positive manner to achieve corrective action.Oversees and/or conducts delegated entities performance audits and reviews.Identifies and provides appropriate departmental training to keep staff skills and knowledge current.Provides instruction to encourage fiscal responsibility to ensure compliance within departmental budget limits.Provides timely communication of and ensures adherence to company policies & procedures.ComplexityHighly Complex: -independent judgment, decision-making, problem solving relating to strategic planning and technical systems that affect overall direction of company.StressVery High: -requires close concentration to workflow that is high and/or of considerable variety; frequent interruptions and distractions; involves developing, implementing, monitoring work that affects overall direction of company; consequence of error affects overall operations of company. -Routinely required to calm and gain confidence of others.MINIMUM JOB REQUIREMENTSEducational RequirementCPA III or ACCA and Master's degree in Finance or management preferred or may substitute with 7 years like experience.Required Experience7+ years performing same or similar responsibilities. -Proven audit and training experience. Relevant experience - - - -includes accounting, budgeting, auditing, financial reporting, and analysis. -Minimum 7 years direct supervisory experience also required.SKILLS AND ABILITIESCommunicationHighly Complex: -ability to communicate highly complex information verbally and in written form that may include strategic policies, projects, and program processes, ability to negotiate and persuade internal managers/directors, external upper-level management professionals, and board members; ability to interface with upper management professionals and board members.AnalyticalHighly Complex: -Experienced in financial budgeting and reporting and/or executive administration a plus. Other Skills and AbilitiesExcellent computer skills and ability to acquire skills to operate application packages.Organize and manage time to accurately complete tasks within designated time frames in multi-task, fast-paced environment.Maintain current knowledge of, comply with regulatory and company policies & procedures.Flexible: ability to adjust work hours to meet business demands.Good organizational skills and attention to specifications are required. Able to remain productive under pressure as part of a professional team.Ability to read, write, analyze and interpret technical and non-technical reports in the English language.Demonstrate excellent, positive leadership, management and strategic skills.Excellent interpersonal skills, including cultural sensitivity, assertiveness and negotiating skills. Maintain current knowledge of regulations and standards affecting GAAP and statutory reporting requirements.Understanding of healthcare funding related to Medicaid contracts.Make sound decisions and recommendations based on consideration of facts, priorities, resources, constraints, and alternatives.Organize and manage time to accurately complete tasks within designated time frames in fast paced environment.Maintain current knowledge of and comply with regulatory and company policies & procedures.Maintain confidentiality of patient and business information.Please send cover letter and resume to hr@.

Keywords: Empower Healthcare Solutions, Little Rock , Chief Financial Officer, Executive , Little Rock, Arkansas