About This Role
Directing the financial activities of HPSJ is the core responsibility of the Chief Financial Officer, ensuring alignment with current and future organizational objectives while adhering to the highest ethical, technical, and regulatory standards. This highly complex role requires significant discretion and independent judgment, and it is a remote position for a candidate residing in California.
Responsibilities
- Identify, develop, plan, and execute short, medium, and long-range organization and division strategies
- Ensure the development and implementation of associated business plans, tactics, and policies
- Oversee the allocation of capitation, risk sharing, insured-service pools, and incurred but not reported ("IBNR") liabilities associated with medical claims
- Negotiate and, along with the Compliance Officer, monitor and maintain government contracts (e.g., DHCS, CMS) and other fiscally binding contracts or agreements
- Oversee the preparation of the annual operating, capital, and associated budgets using a zero-based budgeting approach
- Ensure monthly compliance and/or appropriate documentation and explanation of variances from budget
- Maintain appropriate budget controls over departmental expenditures through subordinate staff
- Maintain a reliable cash flow projection process and reporting mechanism that includes minimum cash threshold to meet operating needs
- Oversee and direct the timely and accurate analysis of budgets, financial reports, medical loss analysis, and financial trends
- Establish and maintain bank accounts, financial controls, and business relationships required to properly administer the various financial functions of HPSJ
- Maintain adequate insurance and reinsurance coverage
- Oversee the internal and external audit function to ensure the timely and accurate completion of annual fiscal audits and other financial information
- Work with DHCS to advocate for sound rate development process and rates
- Direct timely and accurate revenue reconciliation
- Present clear HPSJ financial reports to the HPSJ Commission and lead the Finance and Investment (F&I) Committee of the Commission along with the F&I Committee Chair
- Ensure consistent, efficient, accurate, and timely payroll processing
- Ensure the development, implementation, and adherence to financial procurement policies that meet HPSJ’s performance needs and ensure the appropriate commitment of funds
- Oversee the development and implementation of financial policies and procedures
- Confer with the Executive and Management teams to ensure effective financial management and internal controls throughout HPSJ
- Ensure that Generally Accepted Accounting Principles (GAAP) as well as compliance with state and federal financial record keeping and reporting regulations are met, such as Tangible Net Equity reserves
