Director of Finance-Hometown Health at Kaiser Permanente

Renown Health is proud to team up with Kaiser Permanente, opening two new clinics in Northern Nevada. Join us at the forefront of this collaboration dedicated to expanding high-quality healthcare services in our community.

Position Purpose

This position is responsible for the identification, development and enhancement of reports, systems, policies, and procedures to allow for accurate and timely monitoring and reporting of operating results versus established goals, best practices, benchmarks and GAAP and statutory accounting guidelines. The incumbent is responsible for regularly and routinely presenting current financial results and trends, as well as, identifying financial improvement opportunities including enhancing and improving insurance product designs, pricing, costs and other underlying operational efficiencies and processes. The incumbent is responsible for presenting those results and opportunities as tenaciously clear information to various stakeholders throughout the organization.

Nature and Scope

The incumbent is responsible for the identification, development and enhancement of reports, systems, and procedures to allow for the accurate and timely monitoring and reporting of operating results and financial improvement opportunities. In this role, the incumbent will assist in the development of plans that support the insurance entity and promote its ability to develop and maintain success as a profitable division of in an environment of increased government oversight, required and mandated medical loss ratios, increased competition and potential for reduced demand for insurance products. A critical aspect of this position is the oversight of insurance product underwriting to ensure potential future risks are mitigated in the pricing of the company’s insurance products. The position is responsible for all monthly financial reporting, including statutory financial reporting, administrative cost management, operating and capital budget planning, five-year financial planning, business case development, product pricing and related premium billing and enrollment and other assignments as deemed necessary to the success of the business.

The position is responsible for partnering with the operational leaders within KP Nevada by providing financial information for decision‑making. The position has frequent contact with all levels of management and employees through the budgeting process, review of financial information, underwriting and rate setting, and distribution and presentation of the financial results of the organization. This position is the key leader in implementing a customer service focused department to ensure that the internal and external customers’ financial needs are met timely. This position will also interact with the Nevada Division of Insurance on an ongoing basis, and must have a robust understanding of both GAAP and STAT reporting requirements. The incumbent may also interact regularly with the company’s self‑funded employer groups and independent insurance brokers to ensure their needs are met. In addition, the position ensures that the internal financial staff understands the operational scope of the services provided to each department and the primary business purpose of efforts undertaken by the team.

Some of the challenges of this position include leading a finance team that provides timely and accurate information. The incumbent must be capable of and comfortable with shifting priorities at a moment’s notice and as information and organizational needs change. The position is challenged with providing continuous communication regarding the status of financial requests and other deliverables.

This position has access to proprietary information and has contact with external organizations and customers and will maintain high standards of professionalism, communication, performance and respect for confidentiality.

This position does not provide patient care.

Disclaimer

The foregoing description is not intended to be, and should not be construed as, an exhaustive list of all responsibilities, skills, efforts, or working conditions associated with the job. It is intended to be an accurate reflection of the general nature and level of the job.

Minimum Qualifications

Education:

• Ability to read, write, speak, and understand English sufficiently to perform job duties safely and effectively.
• Requires a Bachelor’s Degree in accounting, business administration or finance. Applicants with an MBA or CPA will be given preference.

Experience:

• Minimum of five years in a healthcare financial leadership role within a health system or an insurance plan.
• Experience with financial planning and budgeting, cost management, business case development and public speaking and presentations is required.
• Health System or Insurance experience is required.

License(s): None

Certification(s): None

Computer / Typing

Must be proficient with Microsoft Office Suite, including Outlook, PowerPoint, Excel, Teams, and Word and have the ability to use the computer to complete online learning requirements for job-specific competencies, access online forms and policies, complete online benefits enrollment, etc.