Remote CFO: Health Plan Strategy & Finance Leader

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French Camp, CA, US

4 days ago Requisition

Salary Range: $ To $ Annually

Health Plan of San Joaquin is now hiring a CFO! This position is remote with the expectation

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.

• Finance management staff
• Administrative Assistant

• 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.

Required

In-dep th 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…