Director Capital and Business Development Planning

Allegheny Health Network; United States; On-site; USD 80,066 - 129,370; Full time

Job summary

Allegheny Health Network is seeking a senior leader to oversee Forecasting Capital and Business Development processes, partnering with executives to model financial outcomes and guide capital planning. The role directs the forecasting function, drives capital budgeting, and leads a team responsible for delivering enterprise objectives with strong governance.

The position requires substantial leadership, deep financial modeling experience in healthcare, and the ability to communicate complex

Qualifications

• Bachelor's degree in Economics, Business, Health Administration, Finance, Accounting or related field, or equivalent experience.
• 7 years of management or leadership experience.
• 5 years of high-level financial modeling and strategic analysis with senior executives in a health-care setting.
• Understanding of GAAP and statutory financial statements and risk-based capital concepts.

Responsibilities

• Lead department operations including hiring, coaching, and performance management.
• Oversee capital forecasting process and AHN Capital Committee meetings.
• Manage annual capital budgets and related processes.
• Direct business planning and development with executives.
• Perform look-back analyses on major capital spend.
• Maintain high standards of customer service within the department.
• Collaborate with internal stakeholders to discuss model assumptions and financial findings.
• Model financial results to support enterprise targets and capital planning.
• Communicate model outcomes to Senior Leadership.

Skills

Leadership

Financial modeling

Strategic analysis

Communication

Stakeholder management

Education

Bachelor's degree

Master's degree

Tools

Excel

Financial software

Job description

Company

Allegheny Health Network

Overview

This job provides oversight of Forecasting Capital and Business Development processes for the Allegheny Health Network.

Responsibilities

• Perform management responsibilities to include, but are not limited to, hiring and termination decisions, coaching and development, rewards and recognition, performance management and staff productivity. Plan, organize, staff, direct and control the day‑to‑day operations of the department; develop and implement policies and programs as necessary; may have budgetary responsibility and authority. 20%
• Oversee the development of the capital forecasting process and direct other forecasting and planning needs as appropriate. Prepare materials and agenda as well as conduct the AHN Capital Committee meetings. 10%
• Oversee the establishment and implementation of processes, policies and procedures necessary to establish the annual capital budgets. 10%
• Lead the business planning and development function. Provide overall leadership and direction for all business cases, including working closely with Highmark Health Strategic Transformation Office and senior executives to establish assumptions for volumes, market dynamics and financial metrics.
• Adhere to look‑back analysis on all major capital spend items to test the quality of assumptions and operating results according to approved capital plans. 10%
• Demonstrate a high‑level customer service focus by setting and adhering to high standards for self and others within the department for communication and maintaining positive relationships. Incorporate the needs and concerns of diverse constituencies into departmental decision‑making processes. 10%
• Interact with a wide array of internal and external customers at all levels of the business, including finance, actuarial, cost and budgeting, membership and information technology departments, to discuss model assumptions, model methodology and financial modeling findings. 10%
• Support the Corporation's strategic planning efforts through the modeling of financial results to determine the financial targets by business segment that result in Enterprise's achieving the overall corporate objectives. The result of the modeling will be integrated with capital planning efforts, which includes working with internal business units, treasury and others to understand the current risk composition of the Enterprise portfolio of companies to calculate risk‑adjusted financial returns under various scenarios. 10%
• Communicate effective outcomes of model results using appropriate toolkit. Support analyst team on best communication strategies to aid them in articulating model outputs to Senior Leadership. 10%

Qualifications

Required

• Bachelor’s degree in Economics, Business, Health Administration, Finance, Accounting or related field or relevant experience and/or education as determined by the company in lieu of a bachelor’s degree.
• 7 years of experience in a management or leadership role.
• 5 years of experience in high‑level financial modeling, scenario analysis and strategic analysis directly with senior executives in a health‑care setting.
• An understanding of the proposer construct of financial statements from both a GAAP and statutory perspective, and the elements of risk‑based capital and underwriting activity. The incumbent must have a strong understanding of the factors impacting the development of revenue, claim expense and operating expenses and their inter‑relationship.

Preferred

• Master’s degree in Economics, Business, Health Administration, Finance, Accounting or related field.

Skills

• Excellent verbal and written communication skills required to effectively deliver important economic concepts.
• Able to process qualitative and/or quantitative data, draw conclusions from it, and communicate findings effectively.

Disclaimer

The job description has been designed to indicate the general nature and essential duties and responsibilities of work performed by employees within this job title. It may not contain a comprehensive inventory of all duties, responsibilities, and qualifications required of employees to do this job.

Compliance Requirement

This job adheres to the ethical and legal standards and behavioral expectations as set forth in the code of business conduct and company policies. As part of job responsibilities, employees may have access to covered information, cardholder data, or other confidential customer information that must be protected at all times. All employees must comply with HIPAA and all data security guidelines established within the company’s handbook and information security policy.

Pay Range

Minimum: $58.12
Maximum: $93.91

Highmark Health and its affiliates prohibit discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities and prohibit discrimination against all individuals based on any category protected by applicable federal, state, or local law.

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