VP, CFO - Washington

Company: Kaiser Permanente
Location: Renton
Posted on: May 26, 2023

Job Description:

As part of our team, you'll create the financial strategies that drive improvement and help influence the future of health care.VP, CFO - Washington Primary Location Renton, Washington Job Number 1187639 Date posted 05/11/2023 The Market CFO has a dual-reporting relationship to the Market Leadership Team (Health Plan President and Executive Medical Director) and the MOC CFO and is responsible for the oversight of the financial health and viability of the Washington Market.As a key member of the Executive Leadership Team , the Market CFO will play a critical role in business decisions to maximum the value of financial resources and community investments in collaboration with the KP Medical Foundation Leadership Team. The Market CFO will participate in determining the strategic direction and competitive position of KP Washington and influences business strategy by tracking progress and forecasting fiscal operational impacts compared to short and long term Market objectives.The Market CFO will partner with KP Medical Foundation and Market Leaders ensure that financial resources are aligned with the Markets' economic plans and overall Market budgets. This executive will have the mandate of continuing to enhance the Market's leading integrated health platform.

• Performance Management
• Drives overall Market performance and initiates business and financial analytics to ensure performance success to support strategic and economic plans.
• Oversees all aspects of financial management within the Market, including the development of information and analysis of key financial and operational data, as well as partnering with key leaders to improve the direction of the Market's performance.
• Responsible for developing pricing strategy across all lines of business including continual awareness of the external compeititve environment.
• Systematically and comprehensively assesses the financial opportunities, challenges and risks facing the Market.
• Reviews and communicates Market performance to key leaders. Continuously forecasts the progress and momentum in key operations against planned objectives.
• Communicating to a variety of internal and external audiences regarding the Market's financial performance, risks, opportunities, and plans.
• Building and maintaining a responsive, motivated, and high performing Health Plan finance organization.
• Overseeing the development and maintenance of key financial and planning relationships with the Washington Permanente Medical Group and KP Medical Foundation.
• Supports network contracting by evaluating contract terms and developing key relationships with delivery system partner CFOs.
• Accountable for overall Market P&L and partners with the Market Medical Group Finance Leader to inform about Ambulatory Care Delivery budgeting based on standards set by the KP Medical Foundation.
• Planning and Investment Analysis
• Collaborates with the KP Medical Foundation and Market Medical Group Finance Leader as necessary on strategic decisions that have a large impact on the Market budget and Ambulatory Care Delivery, such as internalization, OMS, capital investment, etc.
• Leads an integrated Market planning process that encompasses business, capital, and financial planning in support of the Market and Enterprise strategy
• Holds ultimate approval authority of capital expenditures and business cases in partnership with the Market Leadership Team
• Business Development
• Supports the integrated care coverage model, clinical delivery system, and provider system/medical group contracting strategies.
• Provides technical analytical support in assessing and developing optimal financial agreements.
• Builds the capability to work with others to screen and evaluate potential business opportunities. Participates in building a business case for new ventures.
• Management of Key Finance Functions
• Oversees management of all core finance processes and functions, including those that reside in Market and National Shared Services. Specific accountabilities include, but are not limited to internal control oversight, accounting process, accounting and financial reporting, financial and insurance transactions, financial risk management, business/financial/systems planning and analysis, financial performance measurement, budgeting/forecasting, decision support, cost structure/cash flow improvements, actuarial estimation and revenue cycle operations.
• Ensures optimal revenues and identifies areas for cost/productivity improvements.
• Initiates discussions and determines impact of financial risk when formulating new or monitoring existing business practices and risk relationships.
• Assures protection and preservation of existing assets by establishing appropriate internal controls and risk management practices.
• Oversees medical risk adjustment coding
• Responsible for developing the market finance team including mentorship, stretch opportunities, and thoughtful development discussions to ensure career progression for the span of control that resides under the Market CFO
• Primary financial point of contact with regulators (Department of Insurance, etc.) and local market board of directors. Basic Qualifications: Experience
  • Minimum ten (10)years of experience in various financial areas of a multi-faceted health plan, health care system, and/or multi-service provider setting. Education
    • A Bachelor-s degree in accounting or finance is required. License, Certification, Registration
      • N/A Additional Requirements:
        • Specific experience/qualifications include the following:
        • Demonstrated track record of developing and leading high performing teams.
        • Demonstrated track record in providing financial leadership in a large, complex business, serving as a strategic business partner to the senior team.
        • Experience implementing financial controls and reporting systems to improve management capabilities and results for local market and impact within a larger business unit. Knowledge of the application of data processing to various accounting systems.
        • Experience managing a broad range of financial and organizational issues, such as organizational redesign, improving internal controls, significant contract negotiations; revenue cycle management, financial turnaround, creating a performance-oriented organization, and change management.
        • Demonstrated ability to negotiate -win-win- situations as it relates to business decisions.
        • Willingness to challenge the -status quo-.
        • Demonstrated political savvy to operate in politically complex situations and remain effective
        • In alignment with our Leading as One operating model, demonstrates open, collaborative, and transparent leadership style that promotes teamwork and partnership while achieving desired results.
        • Ability to understand and assess complex market conditions and recommend necessary cost structure improvements or revenue growth opportunities.
        • Demonstrated track record of leveraging information technology strategies for financial transaction and decision support systems.
        • Must share the values of Kaiser Permanente and its Market Leadership Team.
        • Ability to build effective partnerships and influence other leaders.
        • Ability to consistently demonstrate integrity, prudence, high energy, initiative, and self-confidence.
        • Familiarity with government programs in the health care field, which will affect the financial operations of the business.
        • Dedication to maintaining and building an inclusive culture and values aligned with principles of diversity. Preferred Qualifications:
          • Ten years of Executive management experience involving diverse financial functions within a consumer facing organization is preferred.
          • Combination of health plan and health care delivery system finance experience preferred.
          • Decisiveness, action-orientation, personal integrity, capability to persevere in difficult situations, and a focus on strategic leadership issues highly desired.
          • A Master-s degree with a CPA or equivalent work experience is preferred. Primary Location: Washington,Renton,Renton Administration - Baker Scheduled Weekly Hours: 40 Shift: Day Workdays: M-F Working Hours Start: 08:00 AM Working Hours End: 05:00 PM Job Schedule: Full-time Job Type: Standard Employee Status: Regular Employee Group/Union Affiliation: NUE Executives-NUE-Non Union Employee Job Level: Executive/VP Department: Po/Ho Corp - Rgnl Clearing KPWA Cooperative - 0308 The ranges posted above reflect the location in the job posting. The salary range may vary if you reside in a different location or state than the location posted. Travel: Yes, 10 % of the Time At Kaiser Permanente, equity, inclusion and diversity are inextricably linked to our mission, and we aim to make it a part of everything we do. We know that having a diverse and inclusive workforce makes Kaiser Permanente a better place to receive health care, a more supportive partner in our communities we serve, and a more fulfilling place to work. Working at Kaiser Permanente means that you agree to and abide by our commitment to equity and our expectation that we all work together to create an inclusive work environment focused on a sense of belonging and wellbeing.
            
            Kaiser Permanente is an equal opportunity employer committed to a diverse and inclusive workforce. Applicants will receive consideration for employment without regard to race, color, religion, sex (including pregnancy), age, sexual orientation, national origin, marital status, parental status, ancestry, disability, gender identity, veteran status, genetic information, other distinguishing characteristics of diversity and inclusion, or any other protected status.

Keywords: Kaiser Permanente, Renton , VP, CFO - Washington, Executive , Renton, Washington