Icon hamburger
US
What job do you want?
Apply to this job.
Think you're the perfect candidate?
Apply on company site
Thumsup

You’re being taken to an external site to apply.

Enter your email below to receive job recommendations for similar positions.
Mjn4pv6jt2jh3z2rzlv

Chief Financial Officer

CalOptima Orange Full-Time
Apply on company site

Responsible for the management of CalOptima’s overall financial operations including financial planning and analysis, finance and accounting, purchasing, investment management, and monitoring of health network financial compliance. The incumbent is responsible for developing and monitoring performance against an annual budget of 3.5 billion dollars. Establishes financial policies and procedures as appropriate, provides financial strategic management, and manages the financial assets of CalOptima to the optimum benefit of members, providers and taxpayers.

Position Responsibilities: 

  • Establishes policies that will ensure the fiscal integrity of CalOptima.
  • Oversees the preparation of CalOptima’s annual budget, presents it to the Board of Directors; ensures monthly compliance and/or appropriate documentation and explanation of variances from budget.
  • Manages cash flows and invests surplus funds to CalOptima’s best advantage and in accordance with CalOptima’s Annual Investment Policy.
  • Monitors and directs financial plans, including actuarial projections of capitation rates received, paid, and incurred, but not reported ("IBNR") liabilities associated with medical claims.
  • Participates in formulating, receiving and approving CalOptima’s plans and objectives.
  • Prepares monthly financial reports for CalOptima’s Board of Directors and the Finance Committee.
  • Serves as a member of CalOptima’s Investment Advisory Committee ("IAC").
  • Participates in the strategic planning process.
  • Establishes and maintains bank accounts, financial controls, and business relationships required to properly administer the various financial functions of CalOptima.
  • Maintains adequate insurance and reinsurance coverage.
  • Oversees health plan and provider financial audit and compliance activities as they relate to financial reporting, payment of provider capitation, and payment of provider medical claims.
  • Ensures the development, implementation and adherence to financial procurement policies that meet CalOptima’s performance needs and appropriate commitment of funds.
  • Other projects and duties as assigned.

  • Lead investment management activities.
  • Understand proposed rate structures.
  • Integrate financial, operational and medical management activities to achieve performance improvements.
  • Provide sound fiscal leadership while supporting organizational growth and improvement.
  • Develop traditional business banking functions and investment policies.
  • Develop necessary financial strategies, budgets and fiscal monitoring to ensure the overall fiscal integrity of a publicly financed agency.
  • Analyze the need for and develop supporting proposals for any necessary federal waiver or changes in State policies or legislation.
  • Establish a sound program of insurance and reinsurance to protect the fiscal integrity of the program.
  • Oversee all applicable tax and regulatory compliance activities.
  • Communicate effectively at all organizational levels and in situations requiring instructing, persuading, negotiating, consulting, and advising.
  • Encourage the professional performance and development of subordinate staff.
  • Interpret financial analysis and performance; ability to prepare reports using compiled financial data; skill in using electronic spreadsheets and databases.


 Experience & Education:  

  • Bachelor’s degree in Accounting, Finance, Business, or closely related field with 8+ years relevant experience is required. Master’s degree with 6 years experience strongly desired.
  • Active CPA certification highly preferred.
  • Progressively responsible experience within health care service delivery and/or managed care required.
  • Experience with capitation, pay for performance, risk sharing, and provider contracts required.
  • Experience with actuarial-based rate setting methodologies, state and federal contracts, and regulatory audits required.
  • Financial management experience with functions such as IBNR, annual budget, reinsurance, and payroll required.
  • Public agency experience preferred.

Knowledge of: 

  • Health plan financial management including rate development, provider payments, incentive alignment, utilization management and CMS bid preparation/ contracting.
  • Generally accepted accounting principles ("GAAP"), Medicare and Medicaid regulations.
  • Federal and state Medicaid fiscal policies.
  • Analyses to ensure the State of California fully funds its obligations to Medi-Cal beneficiaries in the CalOptima program.
  • Generally accepted auditing standards ("GAAS").
  • Functional requirements for the appropriate and timely payment of medical claims.
  • Principles and techniques of effective supervision include training and evaluation.
  • Principles and practices of procurement by a public agency.

Grade: U

#LI-POST

#CB

Skills required

Forecasting
Auditing
Master Of Business Administration (Mba)
Financial Analysis
Internal Controls
Budgeting
Apply to this job.
Think you're the perfect candidate?
Apply on company site

Help us improve CareerBuilder by providing feedback about this job: Report this job

Report this Job

Once a job has been reported, we will investigate it further. If you require a response, submit your question or concern to our Trust and Site Security Team

Job ID: 96317-062019

CAREERBUILDER TIP

For your privacy and protection, when applying to a job online, never give your social security number to a prospective employer, provide credit card or bank account information, or perform any sort of monetary transaction. Learn more.

By applying to a job using CareerBuilder you are agreeing to comply with and be subject to the CareerBuilder Terms and Conditions for use of our website. To use our website, you must agree with the Terms and Conditions and both meet and comply with their provisions.

Better. Together.

Our mission is to provide members with access to quality health care services delivered in a cost-effective and compassionate manner.

CalOptima is a county organized health system that administers health insurance programs for low-income families, children, seniors and persons with disabilities in Orange County.

As Orange County’s largest health insurer, we provide coverage through four major programs.

Medi-Cal (California's Medicaid Program) for low-income children, adults, seniors and people with disabilities 

OneCare (HMO SNP) (a Medicare Advantage Special Needs Plan) for low-income seniors and people with disabilities who qualify for both Medicare and Medi-Cal

PACE (Program of All-Inclusive Care for the Elderly) for older adults, providing comprehensive health services through the CalOptima PACE center

OneCare Connect Cal MediConnect Plan (Medicare-Medicaid Plan) for people who qualify for both Medicare and Medi-Cal, combining Medicare and Medi-Cal benefits, adding supplemental benefits for vision, transportation and dental services, and providing comprehensive care coordination


“Better. Together.” is our motto, but it’s also our philosophy. We believe that by working together, we can make things better – for our members and community.

View the full profile