The Massachusetts Health Connector is seeking a Chief Financial Officer to join our Finance and Accounting Department. The Chief Financial Officer will serve as a key member of the Executive Steering Committee and a strategic partner to the Executive Director and Board of Directors. The Chief Financial Officer will provide financial vision, operational leadership, and infrastructure modernization expertise to support the long-term sustainability and growth of the Health Connector. The Chief Financial Officer will report to our Deputy Executive Director/Chief Operating Officer
Key Responsibilities
- Ensure long-term financial sustainability of state-funded health coverage programs and initiatives, including attention to structure, financing, and oversight.
- Lead the organization through financial system modernization, proactively review and enhance fiscal controls, ensure compliance with federal and state regulations, and drive strategic financial planning aligned with organizational goals.
- Develop and execute long-term financial strategies aligned with the Health Connector’s strategic plan.
- Serve as trusted advisor on financial sustainability, financing of state-funded health coverage programs, risk management, and capital planning.
- Provide executive leadership to the Finance Department, including budgeting, accounting, financial reporting, procurements, grants management, actuarial services and revenue operations.
- In partnership with the Health Connector’s Policy Department, co-lead design and oversight of state-funded health coverage programs including state premium subsidy programs, cost-sharing reduction initiatives, and affordability or coverage expansion initiatives.
- Develop financial models to evaluate state subsidy program viability, enrollment impact, and sustainability, and identify and advocate for funding mechanisms.
- Lead multi-year financial modeling to support Health Connector organizational infrastructure transformation and operational growth.
- Oversee modernization of financial systems, reporting tools, and internal controls.
- Lead capital planning and financial oversight for large-scale IT and infrastructure investments.
- Ensure integration between finance, technology, and operational systems.
- Establish scalable financial processes to support growth and changing regulatory requirements.
- Direct annual budgeting processes and long-range financial forecasting.
- Implement data-driven performance metrics and financial dashboards.
- Monitor cash flow, reserves, and financial risk exposure.
- Ensure compliance with finance-related state and federal laws and regulations.
- Oversee financial audits (internal and external) and implement audit recommendations.
- Maintain strong internal controls and risk mitigation frameworks.
- Ensure transparency and accountability in financial reporting.
- Develop sustainable funding models to reduce long-term financial risk.
- Manage relationships with regulators, state agencies, and federal partners.
- Provide executive oversight of the annual budgeting process, ensuring alignment with strategic priorities.
- Guide long-range financial planning and scenario analysis to support strategic decision-making and organizational sustainability.
- Review financial performance against budget, ensuring executive leadership receives clear variance analysis and recommended corrective actions.
- Strengthen the organization’s financial planning and analysis capabilities (FP&A), advancing the use of modern FP&A tools, automation, and reporting.
- Establish clear performance expectations, measurable objectives, and accountability standards for Finance Department staff.
- Develop succession planning strategies and workforce development plans to ensure continuity of financial leadership.
- Oversee cross-functional financial coordination with internal stakeholders and departments.
- Serve as executive sponsor for major financial system implementations and modernization initiatives.
- Oversee vendor financial performance and contract compliance.
- Promote continuous process improvement initiatives to streamline financial operations and reduce administrative costs.
- Build a culture of accountability, transparency, and innovation.
- Present to and work with the Health Connector’s Board of Directors and other external stakeholders on Finance topics.
- Other duties as assigned.
Required Experience and Qualifications
- Bachelor’s degree preferably in Finance, Accounting, Business Administration, Actuarial Science, or related field
- 10+ years of progressive financial leadership experience
- Ability to plan, organize, and manage highly complex financial accounting processes
- Ability to sustain a high level of confidence with the Board of Directors, subcommittees or advisory boards, various governmental regulatory bodies, and other interested parties in the effectiveness of the Authority's financial management functions.
- Experience leading financial operations within a public agency, quasi-governmental entity, Affordable Care Act (ACA) health insurance marketplace, or other highly regulated environment
- Demonstrated experience overseeing organizational or financial infrastructure transformation
- Strong knowledge of governmental accounting standards (i.e., GASB)
- Process success in strategic financial planning and revenue modeling
Preferred Experience and Qualifications
- Master's Degree in Finance, Accounting, Economics, Business Administration or a related field
- Certified Public Accountant (CPA) Experience with Affordable Care Act health insurance marketplaces and/or the ACA
- Experience with public agencies (e.g., state legislatures, regulatory bodies, etc.)
- Experience at or with health/dental insurance carriers
- Background in IT capital investment oversight and/or large-scale procurements
If interested:
Send cover letter and resume to Connector.Jobs@mass.gov.
Salary:
$ 180,000 – 220,000/year
Please note:
- Due to the requirement of 268A, please complete the Applicant Disclosure Form and return it with your application.
- All Health Connector employees are required to provide satisfactory proof of eligibility to work in the United States.
- The Health Connector is operating on a hybrid work arrangement with 2 days in the downtown Boston office and 3 days working from home.
- Employee may be requested to work an extended day and weekends to meet deadlines.
About the Health Connector
The Commonwealth Health Insurance Connector Authority (Massachusetts Health Connector) is an independent public authority serving as the Affordable Care Act (ACA)-compliant Marketplace for the Commonwealth. The organization is charged with providing subsidized and unsubsidized health insurance to individuals and small employers. The Health Connector also oversees policy development related to health care reform under both state and federal laws, as well as conducting public education and outreach about health care reform and coverage opportunities.
The Health Connector is an equal-opportunity employer that values diversity as a vital characteristic of its workforce. We consider qualified applicants without regard to race, color, religion, gender, sexual identity, gender identity, national origin, or disability.
