Executive Director Finance - Johns Hopkins Health Plans

POSITION SUMMARY:Reporting to and under the direction of the CFO of Johns Hopkins Health Plans, the Executive Director, Finance is responsible for management and coordination of JHHP’s financial planning, budget management functions, strategic activities and the financial activities of Federal, State and commercial programs. This includes planning, directing, organizing, controlling and evaluating the implementation of strategic financial plans that will ensure a sound financial structure and continued fiscal viability for all facets of JHHP. In addition, they will exercise major strategic control over accounting, budgeting, financial analysis, and business planning process and ensures the short and long-term fiscal viability of JHHP, by monitoring both budget compliance and effective delivery of services.The position is responsible for communicating Finance department goals and objectives, providing strategic guidance and utilizing data, benchmarks and trends to identify opportunities for financial improvement. The Executive Director supports the hiring and development of Finance staff as well as developing and managing the department’s budget. They are also responsible for developing financial reports for and communicating with executive leadership. The incumbent will collaborate with the line of business leaders, actuarial and analytics leaders, operations, medical management, provider network and Information Technology and provide financial and administrative services that are consistent with the mission, goals and objectives of JHHP and its owners.EDUCATION & EXPERIENCEBachelor’s Degree in Finance, Accounting or Business with strong Accounting experience. Master’s Degree is preferred.Seven to ten years of experience in a managed care environment. Experience in a competitive environment as a leader in developing strategic financial programs.Work requires a thorough, solid knowledge of finance, cost control, and budgeting, with particular emphasis on risk management within a capitated environment, as acquired through seven to ten years of executive experience in managed care.Experience in Government contracts.Knowledge of finance, accounting, budgeting, and cost control principles, including Generally Accepted Accounting Principles.Knowledge of automated financial and accounting reporting systems.Knowledge of federal and state financial regulations.Working knowledge of short and long-term budgeting and forecasting, rolling budgets, and product-line profitability analysis.Knowledge of and continual development of current industry trends, best practices, and market impact.MAJOR RESPONSIBILITIESEstablishes and communicates current and long-range financial goals and objectives and monitors results on a monthly basis.Ensure and maintain an organizational structure to effectively accomplish the departments' goals and objectives.Oversee financial audits and provide recommendations for procedural improvements.Oversee daily operations of the JHHP finance department.Monitor and analyze monthly operating results against the budget.Recommend benchmarks for measuring the financial and operating performance.Ensure compliance with local, state, and federal budgetary reporting requirements.Manages the preparation of financial outlooks and financial forecasts.Works with department and line of business leaders to develop five/ten-year business plans in accordance with JHHP/JHM strategic priorities.Serve as primary government liaison relative to financial issues.Sets strategic financial direction and develops appropriate tactical plans to meet current and future strategic financial objectives.Responsible for the overall financial analysis for JHHP lines of business, including IBNR review, projections and monthly line of business financial statements.Presents JHHP and its component budget and five/ten-year plans for review by the CFO JHHP, Line of Business VPs, JHHP President, and JHHP Board of Directors.Salary Range: Minimum 90.15 per hour - Maximum 112.00 per hour. Compensation will be commensurate with equity and experience for roles of similar scope and responsibility.In cases where the range is displayed as a $0 amount, salary discussions will occur during candidate screening calls, before any subsequent compensation discussion is held between the candidate and any hiring authority.JHM prioritizes the health and well-being of every employee. Come be healthy at Hopkins!Diversity and Inclusion are Johns Hopkins Medicine Core Values. We are committed to creating a welcoming and inclusive environment, where we embrace and celebrate our differences, where all employees feel valued, contribute to our mission of serving the community, and engage in equitable healthcare delivery and workforce practices.Johns Hopkins Health System and its affiliates are drug-free workplace employers.

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