Director, Finance - Market

CareSource; Indiana; Hybrid; USD 136,000 - 237,000; Full time

Job summary

CareSource is seeking a Director of Finance – Market to provide financial oversight, leadership, and strategic support to market and corporate leadership, ensuring proactive collaboration across the Finance Department.

The role leads comprehensive reporting, assists with budget and forecasting, coordinates with actuarial and contracting teams, and drives cost efficiency and risk management across market initiatives and revenue optimization efforts.

Qualifications

• Bachelor’s degree in accounting/finance or related field required; MBA preferred.
• 7+ years in accounting/finance with at least 3+ years of management experience.
• Managed care or healthcare experience preferred.

Responsibilities

• Provide timely, accurate financial reporting to market and corporate leadership.
• Input and review market finance IBNR models and understand cost drivers/trends.
• Support monthly close with journal entries, accruals and analyses.
• Coordinate with market leaders to identify, implement and measure QAI initiatives.
• Coordinate with actuarial on rate advocacy and revenue maximization efforts.
• Participate in pricing strategy for marketplace and other products.

Skills

Finance/Accounting experience

Management experience

Managed care / healthcare experience

Education

Bachelor’s Degree in accounting, finance or related field

MBA or equivalent graduate degree preferred

Job description

Job Summary:

Director, Finance – Market provides financial oversight, leadership and support to the market/corporate and ensures the department proactively collaborates with and provides support for analyses being conducted by areas outside the Finance Department.

Essential Functions:

Provide timely, accurate comprehensive and transparent financial reporting including, but not limited to, operating statements, trend reports and key business reports as needed to market and corporate leadership Responsible for input and review of market finance IBNR models and understanding market cost drivers/trends Understand reimbursement methodologies impacting market products Support monthly close process by providing journal entries, accruals and supporting analysis as needed. Maintain and distribute the BTL accruals to appropriate teams. Responsible for coordinating with market/work stream leaders to identify, implement and measure QAI initiatives to exceed targets Support Market’s APM, VBR, ACO, and other delegated arrangement strategies Coordinate with actuarial teams on rate advocacy Coordinate/liaison revenue maximization efforts (risk adjustment and quality initiatives) between the risk adjustment team, market Contracting/Health Partners teams, and providers Participate in pricing strategy of marketplace and other products as appropriate Review cost reports and other regulatory filing requirements, interact with regulatory agencies as needed Support the annual budget and monthly/quarterly forecasting process for applicable market by providing assumptions, inputs, and review of all market financials Coordinate, review and provide feedback to market on their annual admin budget (Market President rollup) Provides insight into the risk sensitivity associated with the current and future business drivers Support independent financial accounting audits and other regulatory financial related audits Perform ad hoc and trending analysis – both proactively and as requested; modeling to support market specific contracting and enhancement initiatives Responsible for management of departmental staff and expense budget Responsible for making staffing decisions Develop, implement, and modify processes to ensure efficiency and effectiveness Assess internal controls and make appropriate changes to ensure compliance with MAR, regulatory and other organization requirements Perform any other job duties as requested.

Education and Experience:

Bachelor’s Degree in accounting, finance or related field or equivalent years of relevant work experience is required Master of Business Administration (MBA) or equivalent graduate degree is preferred A minimum of seven (7) years of experience in accounting/finance, to include a minimum of three (3) years of management experience, is required Managed care or healthcare experience is preferred.

Competencies, Knowledge and Skills:

Familiar with variety of financial analysis concepts, practices and procedures Relies on extensive experience and judgment to plan and accomplish goals Familiar with variety of accounting concepts, practices and procedures Intermediate proficiency level with Microsoft Office Ability to interact with all levels of management, as wells as external audit management Ability to multitask and demonstrate flexibility in supporting several market leaders/business areas simultaneously Ability to lead and direct the work of others including the development, motivation and rewarding of staff Knowledgeable of internal control framework Decision making/problem solving skills Critical listening and thinking skills analytical skills Detail-oriented.

Licensure and Certification:

None.

Working Conditions:

General office environment; may be required to sit or stand for extended periods of time May be required to travel occasionally.

Compensation Range:

$135,600.00 - $237,400.00 CareSource takes into consideration a combination of a candidate’s education, training, and experience as well as the position’s scope and complexity, the discretion and latitude required for the role, and other external and internal data when establishing a salary level. In addition to base compensation, you may qualify for a bonus tied to company and individual performance. We are highly invested in every employee’s total well-being and offer a substantial and comprehensive total rewards package.

Compensation Type (hourly/salary):

Salary Organization Level Competencies Fostering a Collaborative Workplace Culture Cultivate Partnerships Develop Self and Others Drive Execution Influence Others Pursue Personal Excellence Understand the Business This job description is not all inclusive. CareSource reserves the right to amend this job description at any time. CareSource is an Equal Opportunity Employer. We are dedicated to fostering an environment of belonging that welcomes and supports individuals of all backgrounds.

Company Culture and Mission:

#LI-SW2 Brand=CareSource The CareSource mission is known as our heartbeat. Just as we support our members to be the best version of themselves, our employees are driven by our mission to create a better world for members, stakeholders and providers. We are difference-makers who combine compassionate hearts with our unique business expertise to make every opportunity count. Each claim, each phone call, each consumer-centric decision is a chance to change the world for one member, and our employees look for ways to do that every day. The challenge is, there is no one right way to be the difference and we’re looking for people like you that will rewrite that definition every day. We do what it takes to form creative solutions that make our community and the world just a little better. Discover what it means to be #UniquelyCareSource.