What are the responsibilities and job description for the Finance Director position at SCAN?
About SCAN
SCAN Group is a not-for-profit organization dedicated to tackling the most pressing issues facing older adults in the United States. SCAN Group is the sole corporate member of SCAN Health Plan, one of the nation’s leading not-for-profit Medicare Advantage plans, serving more than 285,000 members in California, Arizona, Nevada, and Texas. SCAN has been a mission-driven organization dedicated to keeping seniors healthy and independent for more than 40 years and is known throughout the healthcare industry and nationally as a leading expert in senior healthcare. SCAN employees are a group of talented, passionate professionals who are committed to supporting older adults on their aging journey, while also innovating healthcare for seniors everywhere. Employees are provided in-depth training and access to state-of-the-art tools necessary to do their jobs, as well as development and growth opportunities. SCAN takes great pride in recognizing our team members as experts in their fields and rewarding them for their efforts. If you are interested in becoming part of an organization that is innovating senior healthcare visit www.thescangroup.org, www.scanhealthplan.com, or follow us on LinkedIn; Facebook; and Twitter.
The Job
The Finance Director will oversee all financial planning, budgeting, forecasting, and accounting functions to support the organization's growth and compliance requirements. The ideal candidate will have experience and a strong understanding of Medical Group finances, Medicare Advantage plans and contracting, California risk bearing entities, and budgeting and forecasting.
You Will
At SCAN we believe that it is our business to improve the state of our world. Each of us has a responsibility to drive Equality in our communities and workplaces. We are committed to creating a workforce that reflects our community through inclusive programs and initiatives such as equal pay, employee resource groups, inclusive benefits, and more.
SCAN is proud to be an Equal Employment Opportunity and Affirmative Action workplace. Individuals seeking employment will receive consideration for employment without regard to race, color, national origin, religion, age, sex (including pregnancy, childbirth or related medical conditions), sexual orientation, gender perception or identity, age, marital status, disability, protected veteran status or any other status protected by law. A background check is required.
SCAN Group is a not-for-profit organization dedicated to tackling the most pressing issues facing older adults in the United States. SCAN Group is the sole corporate member of SCAN Health Plan, one of the nation’s leading not-for-profit Medicare Advantage plans, serving more than 285,000 members in California, Arizona, Nevada, and Texas. SCAN has been a mission-driven organization dedicated to keeping seniors healthy and independent for more than 40 years and is known throughout the healthcare industry and nationally as a leading expert in senior healthcare. SCAN employees are a group of talented, passionate professionals who are committed to supporting older adults on their aging journey, while also innovating healthcare for seniors everywhere. Employees are provided in-depth training and access to state-of-the-art tools necessary to do their jobs, as well as development and growth opportunities. SCAN takes great pride in recognizing our team members as experts in their fields and rewarding them for their efforts. If you are interested in becoming part of an organization that is innovating senior healthcare visit www.thescangroup.org, www.scanhealthplan.com, or follow us on LinkedIn; Facebook; and Twitter.
The Job
The Finance Director will oversee all financial planning, budgeting, forecasting, and accounting functions to support the organization's growth and compliance requirements. The ideal candidate will have experience and a strong understanding of Medical Group finances, Medicare Advantage plans and contracting, California risk bearing entities, and budgeting and forecasting.
You Will
- Financial Strategy & Planning: Develop and implement financial strategies that align with the organization’s goals and strategy. Optimize models and develop scenarios as assumptions evolve, and calculate unit economics.
- Budgeting & Forecasting: Lead the annual budgeting process, financial projections, and cash flow management. Partner with executive leadership to gather inputs, prepare the budget model, and present to leadership and the board.
- DMHC Filings & Compliance: Ensure timely and accurate financial reporting in compliance with DMHC and other regulatory bodies. Monitor Welcome Health’s financial situation to ensure the organization meets solvency criteria.
- Accounting & Financial Reporting: Oversee general ledger management, reconciliations, month-end close, annual audits, reporting to payers, and financial statement preparation.
- Financial Analysis: Conduct variance analysis, cost analysis, and profitability assessments to optimize financial performance. Evaluate and model out the financial impact of proposed initiatives or investments and provide findings/input to executive leadership and other stakeholders.
- Payer Contracting: Review proposed payer contracts and analyze Welcome Health’s financial position. Provide input for the contract terms to optimize Welcome Health’s profitability and minimize Welcome Health’s risk. Partner with actuarial firms or support to analyze the economics of the contract terms.
- Operational Support: provide guidance and support in the development and maintenance of KRAs, KPIs and other operational, growth, and financial metrics.
- Treasury Management: Manage Welcome Health’s bank accounts and money movement. Ensure appropriate controls are in place and serve as the administrator the online accounts
- Collaboration: Work closely with leadership, operations, and clinical teams to support data-driven decision-making.
- Technology & Systems: Utilize Excel to develop complex financial models, reports, and dashboards. Experience with QuickBooks is a plus.
- All other duties as assigned.
- Bachelor’s degree in accounting, business, or a related field (MBA preferred) or equivalent experience
- 5 years of experience in financial leadership, preferably within a healthcare or risk-bearing organization.
- Deep understanding of DMHC filing requirements and healthcare financial regulations, including IBNR methodologies
- Expertise in financial modeling, budgeting, and forecasting.
- Experience with QuickBooks is a plus.
- Base Pay Range: $125,400 - $200,600 (Annually)
- Work Mode: Mostly Remote
- An annual employee bonus program
- Robust Wellness Program
- Generous paid-time-off (PTO)
- 11 paid holidays per year, plus 1 additional floating holiday
- Excellent 401(k) Retirement Saving Plan with employer match
- Robust employee recognition program
- Tuition reimbursement
- An opportunity to become part of a team that makes a difference to our members and our community every day!
At SCAN we believe that it is our business to improve the state of our world. Each of us has a responsibility to drive Equality in our communities and workplaces. We are committed to creating a workforce that reflects our community through inclusive programs and initiatives such as equal pay, employee resource groups, inclusive benefits, and more.
SCAN is proud to be an Equal Employment Opportunity and Affirmative Action workplace. Individuals seeking employment will receive consideration for employment without regard to race, color, national origin, religion, age, sex (including pregnancy, childbirth or related medical conditions), sexual orientation, gender perception or identity, age, marital status, disability, protected veteran status or any other status protected by law. A background check is required.
Salary : $125,400 - $200,600
