Associate Director, Optum Behavioral Health, Capital Management - Remote

Optum is a global organization that delivers care, aided by technology to help millions of people live healthier lives. The work you do with our team will directly improve health outcomes by connecting people with the care, pharmacy benefits, data and resources they need to feel their best. Here, you will find a culture guided by inclusion, talented peers, comprehensive benefits and career development opportunities.

Come make an impact on the communities we serve as you help us advance health optimization on a global scale. Join us in making healthcare work better for everyone through people-led, responsible AI while Caring. Connecting. Growing together.

The Associate Director, Optum Behavioral Health (OBH) Capital Management leads end-to-end capital portfolio activities; shaping portfolio strategy, owning business case development and validation, and driving benefit realization in partnership with business, finance, and technology leaders. This role provides consultation and decision support to ensure investments are prioritized, governed, and measured against committed value. Success is defined by establishing portfolio strategies that advance business priorities, aligning leaders to expectations, and
strengthening the discipline and transparency of capital decision-making. The successful candidate brings strong financial and analytical rigor, communicates clearly with executive audiences, and thrives collaborating in a fast-paced, matrixed environment.

You'll enjoy the flexibility to work remotely
* from anywhere within the U.S. as you take on some tough challenges. For all hires in the Minneapolis or Washington, D.C. area, you will be required to work in the office a minimum of four days per week.

• Capital Portfolio Strategy & Planning
  • Establish and drive OBH capital portfolio strategy, managing opportunities through the full lifecycle: intake, governance approval, implementation, closure, and value realization
  • Support enterprise planning, investment prioritization, and resource allocation with factbased financial insights and reallocation recommendations
  • Strengthen capital discipline by improving evaluation standards, documentation, governance, and decision-support tools that increase the speed and quality of business decisions
• Business Case (CBA) Development & Validation
  • Own the end-to-end CBA lifecycle, ensuring submissions are data-driven, auditable, and aligned to enterprise CBA standards and funding principles
  • Build financial models, scenario analyses, and opportunity economics (benefit potential, cost structure, capital requirements, risk, and returns), translating ambiguous inputs into clear assumptions and recommendations for senior leaders
  • Partner with capability leaders, finance, and technology program owners to review benefit methodologies, validate assumptions, and drive consistency in benefit modeling
• Benefit Realization & Performance Tracking
  • Serve as the central coordination point for benefit realization across work streams, operational teams, and finance partners
  • Track realized vs. planned benefits and performance of approved investments against business case assumptions, escalating risks and recommending corrective actions, with reporting that ties out to operational and financial information
• Governance, Executive Reporting & Partnership
  • Support monthly and quarterly governance forums with benefit outlooks, risk updates, and value realization dashboards, and present executive-ready materials communicating opportunity size, risks, and recommended actions
  • Build trusted relationships with OH business leaders and lead cross-functional work streams in a matrixed environment, partnering closely with Whole Health Solutions and Optum Health Capital Management & Planning

You’ll be rewarded and recognized for your performance in an environment that will challenge you and give you clear direction on what it takes to succeed in your role as well as provide development for other roles you may be interested in.

• 6+ years of progressive experience in financial analysis, strategic finance, FP&A, consulting, or capital/portfolio management
• 3+ years of experience leading portfolio, program, or project governance
• Experience building complex financial models and business cases, including benefit quantification and ROI analysis
• Experience tracking investment or benefit performance against approved business case assumptions
• Experience presenting to and influencing senior or executive…