Chief Financial Officer

Job Description

Job Description

What You Will Be Doing:

Under limited supervision, the Chief Financial Officer is responsible for directing the financial activities of HPSJ in a manner that anticipates and supports current and future organization objectives, and complies with the highest ethical, and applicable technical and regulatory standards. Work is varied and highly complex and requires a high degree of discretion and independent judgment. 

This is a remote position. Must reside in California. 

Supervises

• Finance management staff
• Administrative Assistant

 

Essential Functions:

• Identifies, develops, plans and executes short, medium and long-range organization and division strategies; ensures the development and implementation of associated business plans, tactics and policies.
• Oversees the allocation of capitation, risk sharing, insured-service pools and incurred but not reported (“IBNR”) liabilities associated with medical claims.
• Negotiates and along with the Compliance Officer, monitors and maintains government contracts (e.g. DHCS, CMS) and other fiscally binding contracts or agreements.
• Oversees the preparation of the annual operating, capital, and associated budgets using a zero-based budging approach; ensures monthly compliance and/or appropriate documentation and explanation of variances from budget; through subordinate staff, maintains appropriate budget controls over departmental expenditures.
• Maintains a reliable cash flow projection process and reporting mechanism that includes minimum cash threshold to meet operating needs.
• Oversees and directs the timely and accurate analysis of budgets, financial reports, medical loss analysis, and financial trends. 
• Establishes and maintains bank accounts, financial controls, and business relationships required to properly administer the various financial functions of HPSJ. 
• Maintains adequate insurance and reinsurance coverage. 
• Oversees the internal and external audit function to ensure the timely and accurate completion of annual fiscal audits and other financial information.
• Works with DHCS to advocate for sound rate development process and rates.
• Directs timely and accurate revenue reconciliation.
• Presents clear HPSJ financial reports to the HPSJ Commission and lead the Finance and Investment (F&I) Committee of the Commission along with the F&I Committee Chair.
• Ensures consistent, efficient, accurate and timely payroll processing.
• Ensure the development, implementation and adherence to financial procurement policies that meet HPSJ’s performance needs and ensure the appropriate commitment of funds.
• Oversees the development and implementation of financial policies and procedures; confers with the Executive and Management teams to ensure effective financial management and internal controls throughout HPSJ.
• Ensures that Generally Accepted Accounting Principles (GAAP) as well as compliance with state and federal financial record keeping and reporting regulations are met such as Tangible Net Equity reserves. 
• Oversees the selection, maintenance and upgrades of financial and accounting systems.
• Promotes and maintains and ensures that direct reports promote and maintain an environment that supports HPSJ’s strategy, vision, mission and values.
• Hires, develops and retains, and ensures that direct reports hire, supervise and retain a competent staff.

 

What You Bring:

Knowledge, Skills, Abilities and Competencies  

Required

In-depth knowledge of the health care industry, its critical issues and major challenges.

• In-depth knowledge of managed care, Medi-Cal and other government entitlement programs.
• In-depth knowledge of state and federal regulatory guidelines as they relate to assigned areas of responsibility within a managed care environment.
• Knowledge of the economic and healthcare issues, and issues affecting the underserved in San Joaquin County and/or surrounding areas.
• Demonstrated depth of knowledge of GAAP and finance and accounting policies and procedures for not-for-profit organizations and accounting for investments.

• Basic knowledge of health care core administrative systems and their integration with financial and accounting systems.
• Strategic mindset: Sees ahead to future possibilities and translates them into breakthrough strategies; identifies, plans, leads and executes to meet changing organizational and community needs, and regulatory requirements.
• Cultivates innovation: Creates new and better ways for the organization to be successful.
• Drives results: Consistently achieves results, even under tough circumstances.
• Drives engagement: Creates a climate where people are motivated to do their best to help the organization achieve its objectives.
• Drives vision and purpose: Paints a compelling picture of the vision and strategy that motivates others to action.
• Courage: Steps up to address difficult issues, says what needs to be said.
• Nimble learning: Actively learns through experimentation when tackling new problems, uses both successes and failures as learning fodder.
• Situational adaptability: Adapts approach and demeanor in real time to match the shifting demands of different situations.
• Outstanding skills in and demonstrated ability to develop and manage operating budgets that support business objectives. 

• Communicates effectively: Develops and delivers multi-mode communications that convey a clear understanding of the unique needs of different audiences.
• Very strong presentation skills, with the ability to tailor presentations to a specific audience, and address and interact with large groups.
• Very strong interpersonal skills, with the ability to establish and maintain effective working relationships with diverse individuals at all levels inside and outside of HPSJ.
• Strong assessment and analytical skills, including the ability to synthesize, distill concepts, draw conclusions and identify implications.
• Manages complexity: Makes sense of complex, high quantity, and sometimes contradictory information to effectively solve problems.
• Very strong collaboration skills, with demonstrated ability to create and foster a collaborative work environment, maintain effective, high-performance teams, and organize people and resources to solve problems and identify business opportunities.
• Resourcefulness: Secures and deploys resources effectively and efficiently; organizes people and resources to solve problems and identify opportunities.
• Plans and aligns: Plans and prioritizes work for self and others to meet commitments aligned with organization goals.
• Very strong project management skills, with the ability to function as a sponsor and owner on complex projects; a track record of successful large project implementations. 
• Strong customer service orientation.

• Politically astute and demonstrates a high level of personal and professional integrity and honesty.
• Ensures accountability: Holds self and others accountable to meet commitments.
• Strong knowledge of change management theory, with ability to anticipate and implement effectively.
• Promotes and maintains and ensures that direct reports promote and maintain an environment that supports HPSJ’s strategy, vision, mission and values.
• Very strong coaching/counseling skills, including the ability to function as a mentor to management and employees.
• Ability to supervise staff, and ensure that direct reports supervise staff, in a manner that maximizes employee performance and business results. 

• Ability to treat confidential information with appropriate discretion.

 

 

 

What You Have:

Education and Experience

Required

• Bachelor’s Degree in Accounting, Economics or Business Administration; and
• At least four years as a CFO in a health maintenance organization; OR
• At least eight years as a controller in a health maintenance organization; and
• At least four years financial experience with MediCal or other government entitlement programs; and
• At least four years supervisory experience.

Preferred

• Master’s Degree in Accounting, Economics or Business Administration.

 

Licenses, Certifications

Required

• Valid driver’s license.

Preferred 

• CPA

What You Will Get:

HPSJ Perks:

• Robust and affordable medical coverage including HMO and PPO plan options
• Employee Wellness Program promoting physical, mental, and financial well-being
• Dental and vision plan with multiple provider choices