Job Description
The Chief Financial Officer - Select Health is responsible for financial planning, reporting, and maintaining the financial health of Select Health and its subsidiaries. The leader will determine the financial impact of business decisions, new products, lines of business, business development opportunities, and provider risk arrangements to ensure that financial resources are available to meet strategic goals. The leader oversees financial policies related to underwriting, accounting, finance, actuarial services, auditing, information systems, government, compliance, regulatory requirements, network contracting, and internal reporting to healthcare benefit programs. Coordinates with the Chair of Select Health's Finance, Audit, and Compliance Committee.
The individual in this position must reside in Salt Lake City, Utah or the greater Salt Lake area.
Essential Functions
- Plan, direct, and coordinate the financial activities of the company, including accounting, budgeting, forecasting, reporting, compliance, and risk management.
- Prepare and present accurate, timely, and reliable financial statements and reports to the CEO, the board of directors, and other key stakeholders.
- Analyze financial data and provide insights and recommendations to support strategic planning and decision-making.
- Monitor and evaluate the financial performance and health of the company and identify opportunities and risks. Manage and optimize Select Health’s capital structure, cash flow, and liquidity.
- Develop and implement financial policies, procedures, and controls to ensure compliance with applicable laws, regulations, and standards.
- Lead, mentor, and develop the finance team and foster a culture of excellence, collaboration, and accountability.
- Oversees all actuarial and underwriting risk models and provides regular reports to senior management on Select Health's financial performance.
- Provides the financial impact of all business decisions including the introduction of new products, partnerships, lines of business or other business development opportunities, and changes in provider risk arrangements.
- Supports provider contracting efforts to meet strategic initiatives approved by the Select Health and Intermountain Board of Directors.
- Participates in multi-state provider network strategy
- Build and maintain relationships with various stakeholders, including employers, plan members, brokers, providers, and community leaders. Collaborate with Intermountain leaders to optimize system and health plan performance.
- Stay abreast of the trends, challenges, and opportunities in the healthcare and health insurance industry, competitive landscape and provide financial leadership and innovation to adapt to the changing environment.
- Participates as a member of the Intermountain Chief Financial Officer’s leadership team to ensure appropriate health plan representation and coordination.
Skills
- Finance Strategy
- Financial Analysis & Reporting
- Accounting Principles
- Executive Leadership
- Relationship Building
- Finance Technologies
- Complex Problem Solving
- Managed Care/Health Insurance
- Underwriting/Actuarial
- Network contract negotiations
- Medical Expense Management
Minimum Qualifications
- Master’s degree in business, healthcare administration, or related field required. CPA preferred. Degree must be obtained through an accredited institution. Education is verified.
- Demonstrated progressive level experience in financial management in the health insurance or health care industry.
- Demonstrated knowledge of accounting principles and standards, financial reporting, and regulatory compliance. Actuarial, underwriting network contracting experience preferred.
- Ability to demonstrate excellent analytical, problem-solving, and decision-making skills.
- Ability to communicate effectively with internal and external stakeholders, including senior management, board members, auditors, and regulators.
- Demonstrated proficiency in financial software, systems, and tools.
- Experience in a managed care organization or integrated delivery system preferred.
- Demonstrated success in building and maintaining effective relationships with providers, payers, and other stakeholders.
- Demonstrated proficiency in contract negotiation and conflict resolution.
- Demonstrated experience in leading and managing high performing teams, projects, and budgets.
- Ongoing need for employees to see and read information, documents, monitors, identify equipment and supplies, and be able to assess customer needs.
- Frequent interactions with providers, colleagues, customers, patients/clients, and visitors require employee to verbally communicate as well as hear and understand spoken information, needs, and issues quickly and accurately.
- Manual dexterity of hands and fingers to manipulate complex and delicate equipment with precision and accuracy. This includes frequent computer use for typing, accessing needed information, etc.
Location:
SelectHealth - Murray
Work City
Murray
Work State
Utah
Scheduled Weekly Hours
40
The hourly range for this position is listed below. Actual hourly rate dependent upon experience.
$7.25 - $999.99
We care about your well-being – mind, body, and spirit – which is why we provide our caregivers a generous benefits package that covers a wide range of programs to foster a sustainable culture of wellness that encompasses living healthy, happy, secure, connected, and engaged.
Learn More About Our Comprehensive Benefits Package Here.
Intermountain Health is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.
At Intermountain Health, we use the artificial intelligence ("AI") platform, HiredScore to improve your job application experience. HiredScore helps match your skills and experiences to the best jobs for you. While HiredScore assists in reviewing applications, all final decisions are made by Intermountain personnel to ensure fairness. We protect your privacy and follow strict data protection rules. Your information is safe and used only for recruitment. Thank you for considering a career with us and experiencing our AI-enhanced recruitment process.
All positions subject to close without notice.
