Market Assistant CFO
Company Overview:
My client is a leading health plan provider, dedicated to improving the health and well-being of their members. They offer comprehensive, high-quality health insurance services while ensuring financial integrity, operational efficiency, and compliance with industry regulations. They are seeking a skilled and proactive Market Assistant CFO to support financial operations within the market and contribute to the overall financial strategy.
Position Overview:
As the Market Assistant CFO, you will assist the Market CFO in managing the financial operations, reporting, and strategy for the market. You will play a key role in supporting the financial planning and analysis processes, ensuring financial targets are met, and providing insights for decision-making at both the market and executive levels. This role requires strong leadership, excellent analytical skills, and an in-depth understanding of finance in a healthcare or health plan setting.
Key Responsibilities:
Support the Market CFO in overseeing all financial operations, ensuring alignment with organizational goals and compliance with healthcare regulations.
Lead and manage the budgeting, forecasting, and financial planning processes for the market, providing timely and accurate reports to senior leadership.
Prepare and review financial statements and management reports, analyzing variances and providing recommendations for financial optimization.
Assist in the development of financial strategies to enhance market profitability and operational efficiency.
Ensure that the financial activities of the market comply with all applicable accounting principles, regulations, and policies.
Collaborate with cross-functional teams, including operations, clinical, and business development, to assess financial performance and identify opportunities for improvement.
Monitor market performance against financial targets and provide proactive insights and solutions to address any challenges.
Supervise and mentor junior finance team members, supporting their professional development.
Lead or support internal and external audits, ensuring compliance and timely resolution of any findings.
Assist in preparing materials for executive meetings and board reports, summarizing financial performance, market trends, and opportunities.
Provide strategic financial advice to market leaders, aiding in decision-making processes and helping to drive business growth.
Stay informed of industry trends, regulatory changes, and financial best practices relevant to the healthcare sector.
Other ad-hoc financial duties as needed, supporting the Market CFO in achieving financial and strategic objectives.
Qualifications:
Bachelor's degree in Accounting, Finance, or a related field.
CPA, CMA, or other relevant financial certifications preferred.
Minimum of 7 years of experience in finance or accounting, with at least 3 years in a leadership or assistant CFO role, ideally within a healthcare or health plan environment.
In-depth knowledge of GAAP, financial reporting, and healthcare-specific financial regulations.
Proven experience with financial forecasting, budgeting, and financial analysis.
Strong leadership and team management skills, with a track record of mentoring and developing finance professionals.
Advanced proficiency in financial modeling, reporting software, and Excel; experience with financial systems such as SAP, Oracle, or other ERP systems is a plus.
Strong analytical, problem-solving, and organizational skills, with a keen eye for detail.
Excellent communication skills, with the ability to present complex financial information to non-financial stakeholders and senior leadership.
Ability to think strategically and work collaboratively with diverse teams to meet organizational goals.
Preferred Skills:
Experience in healthcare finance or managing financial operations within a health plan.
Familiarity with healthcare-specific financial regulations and reporting, including CMS guidelines.
Experience in M&A, financial modeling, and long-term strategic financial planning.
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