Health Plan of San Joaquin is now hiring a CFO! This position is remote with the expectation of attending onsite meetings as needed. Must reside in California.
What You Will Be Doing:
Under limited supervision, the Chief Financial Officer is responsible for directing the financial activities of HPSJ in a manner that anticipates and supports current and future organization objectives, and complies with the highest ethical, and applicable technical and regulatory standards. Work is varied and highly complex and requires a high degree of discretion and independent judgment.
Supervises
- Finance management staff
- Administrative Assistant
Essential Functions:
- Identifies, develops, plans and executes short, medium and long-range organization and division strategies; ensures the development and implementation of associated business plans, tactics and policies.
- Oversees the allocation of capitation, risk sharing, insured-service pools and incurred but not reported (“IBNR”) liabilities associated with medical claims.
- Negotiates and along with the Compliance Officer, monitors and maintains government contracts (e.g. DHCS, CMS) and other fiscally binding contracts or agreements.
- Oversees the preparation of the annual operating, capital, and associated budgets using a zero-based budging approach; ensures monthly compliance and/or appropriate documentation and explanation of variances from budget; through subordinate staff, maintains appropriate budget controls over departmental expenditures.
- Maintains a reliable cash flow projection process and reporting mechanism that includes minimum cash threshold to meet operating needs.
- Oversees and directs the timely and accurate analysis of budgets, financial reports, medical loss analysis, and financial trends.
- Establishes and maintains bank accounts, financial controls, and business relationships required to properly administer the various financial functions of HPSJ.
- Maintains adequate insurance and reinsurance coverage.
- Oversees the internal and external audit function to ensure the timely and accurate completion of annual fiscal audits and other financial information.
- Works with DHCS to advocate for sound rate development process and rates.
- Directs timely and accurate revenue reconciliation.
- Presents clear HPSJ financial reports to the HPSJ Commission and lead the Finance and Investment (F&I) Committee of the Commission along with the F&I Committee Chair.
- Ensures consistent, efficient, accurate and timely payroll processing.
- Ensure the development, implementation and adherence to financial procurement policies that meet HPSJ’s performance needs and ensure the appropriate commitment of funds.
- Oversees the development and implementation of financial policies and procedures; confers with the Executive and Management teams to ensure effective financial management and internal controls throughout HPSJ.
- Ensures that Generally Accepted Accounting Principles (GAAP) as well as compliance with state and federal financial record keeping and reporting regulations are met such as Tangible Net Equity reserves.
- Oversees the selection, maintenance and upgrades of financial and accounting systems.
- Promotes and maintains and ensures that direct reports promote and maintain an environment that supports HPSJ’s strategy, vision, mission and values.
- Hires, develops and retains, and ensures that direct reports hire, supervise and retain a competent staff.
What You Bring:
Knowledge, Skills, Abilities and Competencies
Required
In-depth knowledge of the health care industry, its critical issues and major challenges.
- In-depth knowledge of managed care, Medi-Cal and other government entitlement programs.
- In-depth knowledge of state and federal regulatory guidelines as they relate to assigned areas of responsibility within a managed care environment.
- Knowledge of the economic and healthcare issues, and issues affecting the underserved in San Joaquin County and/or surrounding areas.
- Demonstrated depth of knowledge of GAAP and finance and accounting policies and procedures for not-for-profit organizations and accounting for investments.
- Basic knowledge of health care core administrative systems and their integration with financial and accounting systems.
- Strategic mindset: Sees ahead to future possibilities and translates them into breakthrough strategies; identifies, plans, leads and executes to meet changing organizational and community needs, and regulatory requirements.
- Cultivates innovation: Creates new and better ways for the organization to be successful.
- Drives results: Consistently achieves results, even under tough circumstances.
- Drives engagement: Creates a climate where people are motivated to do their best to help the organization achieve its objectives.
- Drives vision and purpose: Paints a compelling picture of the vision and strategy that motivates others to action.
- Courage: Steps up to address difficult issues, says what needs to be said.
- Nimble learning: Actively learns through experimentation when tackling new problems, uses both successes and failures as learning fodder.
- Situational adaptability: Adapts approach and demeanor in real time to match the shifting demands of different situations.
- Outstanding skills in and demonstrated ability to develop and manage operating budgets that support business objectives.
- Communicates effectively: Develops and delivers multi-mode communications that convey a clear understanding of the unique needs of different audiences.
- Very strong presentation skills, with the ability to tailor presentations to a specific audience, and address and interact with large groups.
- Very strong interpersonal skills, with the ability to establish and maintain effective working relationships with diverse individuals at all levels inside and outside of HPSJ.
- Strong assessment and analytical skills, including the ability to synthesize, distill concepts, draw conclusions and identify implications.
- Manages complexity: Makes sense of complex, high quantity, and sometimes contradictory information to effectively solve problems.
- Very strong collaboration skills, with demonstrated ability to create and foster a collaborative work environment, maintain effective, high-performance teams, and organize people and resources to solve problems and identify business opportunities.
- Resourcefulness: Secures and deploys resources effectively and efficiently; organizes people and resources to solve problems and identify opportunities.
- Plans and aligns: Plans and prioritizes work for self and others to meet commitments aligned with organization goals.
- Very strong project management skills, with the ability to function as a sponsor and owner on complex projects; a track record of successful large project implementations.
- Strong customer service orientation.
- Politically astute and demonstrates a high level of personal and professional integrity and honesty.
- Ensures accountability: Holds self and others accountable to meet commitments.
- Strong knowledge of change management theory, with ability to anticipate and implement effectively.
- Promotes and maintains and ensures that direct reports promote and maintain an environment that supports HPSJ’s strategy, vision, mission and values.
- Very strong coaching/counseling skills, including the ability to function as a mentor to management and employees.
- Ability to supervise staff, and ensure that direct reports supervise staff, in a manner that maximizes employee performance and business results.
- Ability to treat confidential information with appropriate discretion.
What You Have:
Education and Experience
Required
- Bachelor’s Degree in Accounting, Economics or Business Administration; and
- At least four years as a CFO in a health maintenance organization; OR
- At least eight years as a controller in a health maintenance organization; and
- At least four years financial experience with Medi-Cal or other government entitlement programs; and
- At least four years supervisory experience.
Preferred
- Master’s Degree in Accounting, Economics or Business Administration.
Licenses, Certifications
Required
Preferred
What You Will Get:
HPSJ Perks:
- Robust and affordable medical coverage including HMO and PPO plan options
- Employee Wellness Program promoting physical, mental, and financial well-being
- Dental and vision plan with multiple provider choices
- Generous paid time off (accrue up to 3 weeks of PTO, 4 paid floating holidays, and 9 paid holidays)
- CalPERS retirement pension program, automatic employer-paid retirements contributions, plus a voluntary defined contribution plan
- Two flexible spending accounts (FSAs)for healthcare and dependent care expenses
- Employer-Paid Term Life and AD&D Insurance
- Employer-Paid Disability Insurance
- Employer-Paid Assistance Program (EAP)
- Health Advocacy to help you navigate medical care and benefits
- Voluntary supplemental benefits including medical, legal, identity theft protection
- Online discount mall
- Tuition reimbursement
- Remote work contingent on business needs and company guidelines
- A chance to work for an organization that is mission-driven – our members and community are at the core of everything we do
