What are the responsibilities and job description for the Director, Finance - REMOTE position at Molina Healthcare Group?
Job Description
JOB DESCRIPTION
Job Summary
Support the Market CFO in FP&A. Analyze financial reports, trends, and opportunities, including business opportunities, investments, and financial regulations. Gather, interpret, and evaluate financial information; generate forecasts and analyze medical cost trends and premium deficiencies. Create financial models for future business planning decisions, such as value-based payment deals.
KNOWLEDGE/SKILLS/ABILITIES
- Lead, coach and develop a team of staff within their assigned market(s).
- Coordinate the month-end close with accounting staff. Review all non-IBNR reserves for appropriateness monthly.
- Lead health plan activities relating to the monthly fiscal closing cycle, including various accruals developed at the market level, analysis and explanation of results, preparation of materials for month end leadership reviews, identification and quantification of risks and opportunities.
- Participate in coordination with Health Plan CFO in all state association rate advocacy meetings, tracking and developing key rate advocacy items with market actuaries and association actuaries.
- Participate in development of annual financial plan and quarterly forecasts, including analysis of results and explanation of drivers of variance to prior outlook or expectations.
- Analyze information and reporting provided by MHI Medical Economics (ME) function. Validate ME observations and add clarifying market context. Assist Market CFO and Market SLT in the process of translating ME information into mitigating actions (scorable action items-SAIs).
- Ensure that any regulatory reporting requirements assigned to the market finance teams are completed timely, accurately, and efficiently.
- Actively participate in the Health Plan senior leadership team, playing a key role in shaping financial strategy related to operations, enrollment, and provider contracting.
- Support their market Provider Network team with VBP contract pricing negotiation and joint operating committee data, etc.
- Engage with area leads and subject matter experts to ensure timely identification and resolution of accounting, financial, and other regulatory issues.
- Coordinate the month-end close with accounting staff. Review all non-IBNR reserves for appropriateness monthly.
JOB QUALIFICATIONS
Required Education
B.A./B.S. Degree in Math, Finance or Accounting
Required Experience
6 Years
Preferred Education
Graduate Degree
Preferred Experience
8 Years
Preferred License, Certification, Association
CPA
To all current Molina employees: If you are interested in applying for this position, please apply through the intranet job listing.
Molina Healthcare offers a competitive benefits and compensation package. Molina Healthcare is an Equal Opportunity Employer (EOE) M/F/D/V.
Job Info
Job Identification: 2029910
Job Category: Finance
Posting Date: 2025-01-20T19:24:37 00:00
Job Schedule: Full time
