VP CFO - IT Operations

Industry

Learn more about the general tasks related to this opportunity below, as well as required skills.

Clevel, Executive, Operations, IT, Finance, Manager, 100k

Posted on

May 30, 2023

Profile

Description

The Technology Chief Financial Officer (Tech CFO) is responsible for financial leadership of Humana's global Tech operations, including strategy and execution from new project prioritization and planning to ongoing operational run-the-business items for all the Tech spend, supporting the $90 billion enterprise revenue. The role touches every part of the business and is viewed as a terrific entry point that will ignite advancement opportunities beyond the initial role.

Responsibilities

The role ensures the Tech Finance function is providing strategic thought partnership to on current year and future year financial impacts of decision-making options. The individual will play an integral role in annual prioritization processes that influence $1B in spending and are aimed at supporting the long-term strategy of the organization as well as the growth ambitions of the business units while also ensuring a strong foundation of systems and core infrastructure. The magnitude of the role is heightened by the current technological transformation of the company, both in terms of the prominence that technology is playing as well as in the nature of the technology used (e.g., shifting more towards cloud-based infrastructure). This position is responsible for identifying key business and financial trends and developing action plans to position the company and its business units for effective cost management and efficiency. The Tech CFO will be critical to ensure the Tech Finance function is a true partner to the business units and multiple stakeholders.

Specifically, the Tech CFO will :

• Lead a team of 45 to drive outcomes and accountability for the $3B enterprise IT budget. Deliver results and insights balancing short-term and long-term financial planning and growth opportunities.
• Serve as a strategy enabler and thought partner to the business around new initiatives and impact.
• Partner with businesses to understand the controllable levers of IT spending and the value associated with them (contractor and associate rate mix, drop-down costs, cloud transition cost / benefit analysis).
• Identify and drive value-added, business building, productivity and cost-saving initiatives.
• Partner closely with key internal partners to drive better cost & spending planning and, importantly, value / benefits from the spending.
• Prepare and present to CIO on a weekly basis on trends and issues, as well as to the Humana CFO and broader Management Team the monthly, quarterly, and annual financials and lead discussions on business and financial results.
• Produce KPI and balanced scorecard reports.
• Provide a financial picture of the businesses in support of segment ambitions around ROIC targets, Pre-tax targets, underwriting margin targets, and admin improvement targets.
• Drive executive-level conversations with Management Team (MT) and MT 1 during strategic prioritization conversations in deep partnership with the corporate strategy team.
• Be a key partner to drive decisions and facilitate trade-offs on the Tech prioritization process and related budget.
• Establish key relationships with executives and develop operational and capital budgets. Establish processes for timely review of actual performance against approved budgets, with an emphasis on identifying and recommending performance improvement where necessary.
• Verify and analyze financial information, technology trends, and economic indicators so that senior management has accurate and timely information for making strategic and operational decisions.
• Ensure appropriate internal controls and safeguards of company assets are in place and working.
• Provide oversight and leadership of the Tech contract review team, responsible for validating complex and technically nuanced multi-year contracts.
• Provide additional oversight of the general accounting team and all financial and statistical reporting needs of Tech operations.
• Ensure accuracy, thoroughness, and integrity throughout the financial Tech organization.

Required Qualifications

15 years' progressive financial leadership experience with teams greater than 20 FTEs.

Hands-on financial experience in a large-cap operational / business partnering finance capacity; ideally including ownership of corporate functional budgets, such as Technology.

Functional accounting experience such as cost accounting, financial planning and analysis, and / or public accounting is valuable.

Experience in a global finance function or P&L in a Fortune 50 global company.

Led through a technology transformation / public cloud migration - managing investments in new capabilities, data and application transition costs, actions to align cloud and data center ramp-up / down.

History in changing the cost allocation model for a large, complex organization.

Connects the dots and drives storytelling, presenting, painting the picture to aid in understanding and decision making.

Ability to get deep in the weeds but then pull that back up and anticipate the questions / issues that folks will ask - help 'look around the corner'.

Ability to drive understanding on current year prioritization variances and drop-down cost linkages.

Strong bias for change and ability to drive change.

Ability / agility to grow beyond the initial role.

Exceptional interpersonal skills, business savvy, and passion for creating the new and different - by simplifying, standardizing, and automating.

Penchant for driving efficiencies and making money to leverage for other purposes.

A creative, critical thinker, with the ability to lead, inspire and develop a team.

An undergraduate degree in a relevant discipline.

Preferred Qualifications

CPA / MBA.

Preferred location DC, Boston, Northeast.

Additional Information

Scheduled Weekly Hours : 40

Humana complies with all applicable federal civil rights laws and does not discriminate on the basis of race, color, national origin, age, disability, sex, sexual orientation, gender identity or religion. We also provide free language interpreter services. See our accessibility resources.

Humana Inc.

Website : http : / / www.humana.com

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