POSITION SUMMARY
The Executive Director, Finance Johns Hopkins Health Plans is responsible for managing and coordinating JHHPs 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 departments 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.
REPORTING RELATIONSHIPS
The Executive Director, Finance, JHHP reports directly to the CFO of Johns Hopkins Health Plans.
He she manages staff and has responsibility for hiring, firing, and performance management and results of the assigned areas. Trains staff in project management and respective competencies.
POSITION RESPONSIBILITIES
Establishes 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 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.Develop and approve budgets for all of the JHHP business products in the specified healthcare services industry.Develop and recommend department policies to senior management. Work independently with limited supervision.EDUCATION & WORK EXPERIENCE
Bachelors Degree in Finance, Accounting or Business with strong accounting experience. Masters Degree is preferred. Seven to ten years of experience in a health plan environment. Experience in 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 with short and long term budgeting and forecasting, rolling budgets, and product-line profitability analysis.Experience in Government contractsKnowledge of automated financial and accounting reporting systems.Knowledge of federal and state financial regulations.Knowledge of and continual development current industry trends, best practices, and market impact.SKILLS
Ability to analyze financial data and prepare financial reports, statements, and projections.Ability to motivate teams to produce quality materials within tight timeframes and simultaneously manage several projects.Successful track record developing creative, workable strategies and tactics to accomplish division, corporate and plan goals.Proven ability to develop strong interpersonal relationships, as a leader and team member with experience communicating and influencing impact and progress to senior leadership level.Demonstrated ability to comfortably interact with business stakeholders and provide clear, concise communication. Team player a must.Proven analytical ability to identify problems, develop solutions and implement the right course of action.