Strategic Financial Director

2 weeks ago

Arkansas, United States Highmark Health Full time
Job Title: Director Market Segment Finance

Description

Job Summary
This position is responsible for overseeing the financial operations of a business segment within the company and supporting direct operating expense oversight of the department. The Director will analyze operating results in terms of costs, budgets, operational policies, and trends to identify opportunities for increased profitability. The Director will partner with segment and matrix partner leaders to drive achievement of current year and multi-year financial commitments.

Responsibilities
  1. Perform management responsibilities including involved in hiring and termination decisions, coaching and development, rewards and recognition, performance management and staff productivity.
  2. Plan, organize, staff, direct, and control the day-to-day operations of the department; develop and implement policies and programs as necessary; may have budgetary responsibility and authority.
  3. Function as a member of the team responsible for developing vision and strategy. Provide guidance on the preparation of all financial components of the strategic plans across the business segment. Oversee communication of strategy and vision to management and staff and to representatives of the company.
  4. Accountable for activities required to maintain financial records, prepare financial statements, prepare Board of Director statements, and prepare statutory reports for submission to the Department of Insurance in various states.
  5. Lead the business segment department operating expense oversight, including maintenance of budget development processes and assessment of operating effectiveness with respect to current and multi-year financial performance targets.
  6. Oversee the detailed, multi-year earnings improvement initiatives under the direct and indirect control of the segment leadership, including measurable initiatives across all Profit & Loss (P&L) categories.
  7. Partner with actuarial functions, enabling effective product pricing, in-year claim analysis, and incurred but not recorded reserve decision making.
  8. Oversee compliance matters including product filings, resolution of regulatory issues, responses to regulatory inquires, for a variety of products and programs marketed across the United States. Provide counseling/advice with respect to regulatory developments in the external environment, product development issues, and the interpretation and administration of Commercial Markets products.
  9. Provide oversight of the business segments initiatives, ensuring that initiative business cases are thoroughly documented and that measurable success criteria are contemplated in current and multi-year budgets, projections, etc.
  10. Other duties as assigned or requested.


Requirements

Education
Bachelor's Degree in Finance, Accounting, or other related field.
No Substitutions.

Preferred Education
Business Administration, Finance, Accounting, or other related field.

Experience
7+ years' progressive management experience in finance or accounting.
Healthcare payer sector experience.

Skills & Abilities
  1. Ability to analyze financial results and comprehend complex rating structures impacting financial results and used for financial forecasting.
  2. Effectively interact with all levels of management, including strong written and verbal communication skills, and the ability to concisely explain financial principles and practices.
  3. Must be detail-oriented and possess strong organizational and analytical skills.
  4. Ability to work in a matrixed organization/environment.


Licenses & Certifications
CPA.

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