Resp & Qualifications
Ensure the identification, measurement, accumulation, analysis, preparation, interpretation, and communication of all financial information for use by the Business Unit. This position is the key financial strategic partner and plays a key role in supporting the business to ensure that effective financial management is achieved. This Finance leader is a strong partner across management to continuously improve business decisions and results as well as improve the quality of data on which decisions are made. This role is also critical for providing guidance, communicating, and coordinating any business or financial requirements across the division. Responsibility includes annual planning, budgeting, forecasting, accounting, financial analysis, expense management, operational and executive reporting, and leading the review of operational performance with executive management. This Finance leader is also responsibility for financial oversight of Shared Services providers and procurement contract compliance.
Oversee Financial Operations, Accounting and Controls. Direct all accounting and reporting functions to include reviews and approval of expenses, establishing appropriate Standard Operating Procedures (SOPs) and training for the organization. Ensure reporting needs are met for all internal and external customers.
Direct Financial Planning and Strategy. Drive continuous improvement in Financial Management and set strategic direction and planning to handle new business opportunities contemplated under the new ten-year contract. Will work closely with executive leadership to ensure all budget costs are correctly reported and tied back to the budgeted line items. Ensure all expenditures are in line with the contract, SOWs scope documents, and are captured accurately in established financial cost objectives.
Financial Analysis and Reporting. Will be responsible for overseeing the planning, budget and business portfolio; forecasting, tracking and monitoring contracts; and directing the portfolio financial analysis, including recommendations to executive management on portfolio spend adjustments to include return of funds or request for additional funds as needed.
Manage Financial Budgeting and Forecasting (including complex IT job cost- level detail). Establishment of a finance discipline and knowledge within the organization and across all business units. Development and monitoring of appropriate controls and processes to ensure effective financial cost management with approved budget limits. Will be responsible for overseeing the planning and budget of the annual IT and business portfolio; forecasting, tracking and monitoring the contract budget of $438 million; and directing the portfolio financial analysis, including recommendations to executive management on portfolio spend adjustments to include return of funds or request for additional funds as needed. Will work closely with CareFirst Finance, and Data Center leadership to ensure all budget costs are correctly reported and tied back to the budgeted line items. Ensure all expenditures are in line with the contract, SOWs scope documents, and are captured accurately in established financial cost objectives.
Guarantee compliance with Financial laws and guidelines to include Procurement Contract Compliance and Financial Management associated with external & internal operating contracts. Will have oversight responsibilities for procurement contract compliance and managing associated risk, invoice payment processes, managing activities associated with contracts’ spending limits and ceilings, managing the forecast of financial impact of procurement, and supporting Infrastructure & Operations’ procurement sourcing activities as needed. Will have oversight of IT and Shared Service Allocations driven by the agreement between the Service Benefit Plan Administrative Services Corporation (SBPASC) and CareFirst for delivery of Data Center Services and Corporate Services such as Executive Leadership, HR, Legal, Finance, Procurement, Internal Audit, Facilities, etc. Will include monitoring, tracking, analysis and reporting of cost vs. budget; and partnering with Executive CareFirst Management to determine the appropriateness of charges and negotiate changes as business needs change.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education Level: Bachelor's Degree
Education Details: Finance, Business, Accounting, or related field
In Lieu of Education
In lieu of a Bachelor's degree, an additional 4 years of relevant work experience is required in addition to the required work experience.
10 years of proven Director level or Senior Management experience
CPA / MBA; Prior Procurement experience a plus. FAR experience a plus
Knowledge, Skills and Abilities
Possess excellent leadership and management skills. Have a broad understanding of process, business and proven ability to translate that understanding into execution with operational excellence. Ability to make decisions, individually and in collaboration with others. Expert
Excellent strategic thinking, problem solving, and planning skills and the ability to identify priorities and achieve results with a sense of urgency. Expert
Excellent written and verbal communication skills across the business, functions and regions being able to formulate vision and translate vision into execution plans with concrete deliverables. Ability to engage senior business leadership. Expert
Knowledge of FASB (Financial Accounting Standards Board) and/or GAAP (Generally Accepted Accounting Principles) Standards. Expert
Additional Skills and Abilities
The incumbent is required to immediately disclose any debarment, exclusion, or other event that makes him/her ineligible to perform work directly or indirectly on Federal health care programs. Must be able to effectively work in a fast-paced environment with frequently changing priorities, deadlines, and workloads that can be variable for long periods of time. Must be able to meet established deadlines and handle multiple customer service demands from internal and external customers, within set expectations for service excellence. Must be able to effectively communicate and provide positive customer service to every internal and external customer, including customers who may be demanding or otherwise challenging.
Licenses and Certifications
Required: Certified Public Accountant (CPA)
Equal Employment Opportunity
CareFirst BlueCross BlueShield is an Equal Opportunity (EEO) employer. It is the policy of the Company to provide equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic information.
Hire Range Disclaimer
Actual salary will be based on relevant job experience and work history.
Where To Apply
Please visit our website to apply: www.carefirst.com/careers
Please apply before: 1/14/21
Federal Disc/Physical Demand
Note: The incumbent is required to immediately disclose any debarment, exclusion, or other event that makes him/her ineligible to perform work directly or indirectly on Federal health care programs.
The associate is primarily seated while performing the duties of the position. Occasional walking or standing is required. The hands are regularly used to write, type, key and handle or feel small controls and objects. The associate must frequently talk and hear. Weights up to 25 pounds are occasionally lifted.
Sponsorship in US
Must be eligible to work in the U.S. without Sponsorship