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Business Finance Officer
3 months ago
Evernorth Accountable Care (ENAC) and Payor Solutions are strategic growth initiatives for the Evernorth segment and for the enterprise. They are leading the way to create new ways to drive value and monetize health services. And it is at the forefront of making healthcare more accessible and more affordable for the people we serve both through partnership and leveraging capabilities to enhance our owned Evernorth products.
At a high level this role will oversee set up of new Risk Bearing Entities (RBE's), specialty network development and supporting financial agreements, financial reporting internally and externally, and performance analysis and pricing for RBE's. Role will also manage the Payor Solutions Finance team.
Key Responsibilities:
- Provide business and strategic financial counsel to business leaders and their lead team, Evernorth Finance, and Evernorth SLT.
- Establish and drive financial strategy. Translate strategy into concrete and insightful financial content. Drive balance between concentric Cigna Healthcare, Village MD and Evernorth Accountable Care strategies.
- Set up new ENAC RBE's and Specialty network entities. Set up and monitor Intercompany and financial agreements to drive effective alignment of economics and compliant financial structures across the enterprise and externally.
- Lead Payor Solutions finance team.
- Develop Pricing / Risk management function to manage specialty network economics both on the supply side (provider contracting) and sell side (payor contracting).
- Monitor and manage financial contributions from initial Village MD partnership across the enterprise.
- Help establish ENAC management process with partners (Village MD initially) to ensure mutual understanding of performance and expected financial outcomes.
- Lead the management of annual portfolio spend and operating budget. Help the business to identify and capture operating efficiencies.
- Manage FP&A needs to ensure we have accurate internal and external forecasts and understanding of underlying results drivers including risk and opportunity identification.
- Build, lead, engage, develop and retain a small expert team and leverage enterprise finance resources
Qualifications:
- Bachelor's degree in Finance, Actuarial Science, Mathematics, Statistics or other related field.
- MBA, FSA, CFA, CPA or other advanced certification preferred.
- 10+ years of experience in finance or related fields, with a strong track record of success.
- Strong knowledge of health care industry required
- Highly analytical with the ability to navigate and use enterprise reporting systems to create strategic, actionable insights and business recommendations.
- Exceptional verbal and written communication skills, including an ability to independently develop and present work products to leadership teams and non-finance business partners.
- Must balance high-priority, long-term projects with short-term, immediate deadlines and be able to multi-task.
- Ability to thrive in a heavily matrixed environment.
- Ability to foster collaboration, value others perspectives and gain support and buy-in for organizational proposals.
- Leadership skills, team-orientation, collaborative mindset, and a proactive style and strong commitment to organizational success
If you will be working at home occasionally or permanently, the internet connection must be obtained through a cable broadband or fiber optic internet service provider with speeds of at least 10Mbps download/5Mbps upload.For this position, we anticipate offering an annual salary of 171, ,500 USD / yearly, depending on relevant factors, including experience and geographic location.
This role is also anticipated to be eligible to participate in an annual bonus and long term incentive plan.
We want you to be healthy, balanced, and feel secure. That's why you'll enjoy a comprehensive range of benefits, with a focus on supporting your whole health. Starting on day one of your employment, you'll be offered several health-related benefits including medical, vision, dental, and well-being and behavioral health programs. We also offer 401(k) with company match, company paid life insurance, tuition reimbursement, a minimum of 18 days of paid time off per year and paid holidays. For more details on our employee benefits programs, visit Life at Cigna Group.
About The Cigna Group
Doing something meaningful starts with a simple decision, a commitment to changing lives. At The Cigna Group, we're dedicated to improving the health and vitality of those we serve. Through our divisions Cigna Healthcare and Evernorth Health Services, we are committed to enhancing the lives of our clients, customers and patients. Join us in driving growth and improving lives.Qualified applicants will be considered without regard to race, color, age, disability, sex, childbirth (including pregnancy) or related medical conditions including but not limited to lactation, sexual orientation, gender identity or expression, veteran or military status, religion, national origin, ancestry, marital or familial status, genetic information, status with regard to public assistance, citizenship status or any other characteristic protected by applicable equal employment opportunity laws.
If you require reasonable accommodation in completing the online application process, please email: for support. Do not email for an update on your application or to provide your resume as you will not receive a response.
The Cigna Group has a tobacco-free policy and reserves the right not to hire tobacco/nicotine users in states where that is legally permissible. Candidates in such states who use tobacco/nicotine will not be considered for employment unless they enter a qualifying smoking cessation program prior to the start of their employment. These states include: Alabama, Alaska, Arizona, Arkansas, Delaware, Florida, Georgia, Hawaii, Idaho, Iowa, Kansas, Maryland, Massachusetts, Michigan, Nebraska, Ohio, Pennsylvania, Texas, Utah, Vermont, and Washington State.
