Portfolio Director

The Elevance Health Companies, Inc.; Ashburn (VA); Hybrid; USD 121,000 - 229,000; Full time

Benefits offered by this job

Comprehensive benefits package

Equity stock purchase

401k contribution

Medical benefits

Dental benefits

Vision benefits

Short term disability benefits

Long term disability benefits

Life insurance

Job summary

Elevance Health seeks a Portfolio Director to oversee financial governance, planning, forecasting, budgeting, compliance, and executive reporting across the FEP portfolio and other initiatives. You will partner with Technology Directors, Portfolio Management, Finance, HR, Procurement, and leadership to ensure accurate financial planning and funding alignment for a multi-million-dollar portfolio.

The role emphasizes performance analytics, budgeting controls, and collaboration across departments,

Qualifications

• Requires a BA/BS degree in Information Technology, Computer Science or related field and a minimum of 10 years of experience in organizing a series of large-size projects into a single portfolio, multiple technical and business disciplines, planning and designing large complex project portfolios.

Responsibilities

• Lead development and management of annual and multi-year technology budgets; monitor spend and forecast variances.
• Manage staffing requests, workforce planning, and funding decisions in partnership with leadership.
• Serve as financial lead for the FEP technology portfolio with executive reporting and dashboards.
• Coordinate budget planning across multiple technology organizations and ensure funding aligns with priorities.
• Develop and present Monthly Financial Reviews for senior leadership with data-driven insights.
• Ensure compliance with enterprise financial policies and governance standards.
• Monitor vendor funding and contract finances; support strategic technology relationships.
• Leverage AI-enabled analytics and modern platforms for reporting and forecasting.

Skills

Financial planning

Governance

Budgeting

Executive reporting

Education

BA/BS in IT/CS or related field

Tools

ServiceNow

Workday

Power BI

Excel

Job description

Anticipated End Date:

2026-10-02

Position Title:

Portfolio Director

Job Description

Location: Ashburn VA, Indianapolis IN, Atlanta GA, New York NY, Iselin NJ, Woodland Hills CA, Tampa FL, Grand Prairie TX, Louisville KY, Mason OH, Chicago IL

Hours: Standard Working hours

Travel: This role requires associates to be in-office 3 days per week, fostering collaboration and connectivity, while providing flexibility to support productivity and work-life balance. This approach combines structured office engagement with the autonomy of virtual work, promoting a dynamic and adaptable workplace. Alternate locations may be considered if candidates reside within a commuting distance from an office. Please note that per our policy on hybrid/virtual work, candidates not within a reasonable commuting distance from the posting location(s) will not be considered for employment, unless an accommodation is granted as required by law.

The Portfolio Director is responsible for financial governance, planning, forecasting, budgeting, compliance, and executive reporting across the Federal Employee Program (FEP) portfolio and others alike. This role serves as a trusted advisor to technology and business leadership, ensuring financial integrity, funding compliance, portfolio transparency, and effective stewardship of government-funded investments. The successful candidate will oversee portfolio financial management processes, including budget development, staffing governance, spend forecasting, cost center management, vendor funding oversight, release training engineering and executive financial reporting. This role will partner closely with Technology Directors, Portfolio Management, Finance, HR, Procurement, and Executive Leadership to ensure accurate financial planning and support strategic decision-making across a multi-million-dollar portfolio.

Primary Duties and Responsibilities

• Financial Planning & Forecasting Lead development and management of annual and multi-year technology budgets. Maintain portfolio spend models, staffing forecasts, and financial projections. Analyze budget variances, forecast trends, and recommend corrective actions. Develop financial scenarios and cost models to support strategic investment decisions. Monitor actual spend against approved budgets and identify financial risks and opportunities.
• Staffing & Resource Governance Manage financial evaluation of staffing requests and resource investments. Validate business justifications and quantify financial impact of hiring and contractor requests. Maintain workforce planning models and staffing forecasts. Partner with leadership on capacity planning, labor optimization, and funding decisions.
• Portfolio Financial Management Serve as financial lead for the FEP technology portfolio. Maintain portfolio-level financial dashboards and executive reporting. Track project funding, budget consumption, forecasts, and investment performance. Partner with portfolio management teams to ensure financial alignment of approved initiatives. Support monthly, quarterly, and annual portfolio review processes.
• Budget Development & Cost Center Management Coordinate annual budget planning activities across multiple technology organizations. Facilitate collection, validation, and consolidation of departmental budget submissions. Manage cost center budgets and financial allocations. Ensure funding aligns with organizational priorities and strategic objectives. Support AIQ, DO Budget, and operating plan development processes.
• Executive Financial Reporting Develop and present Monthly Financial Reviews for senior leadership. Prepare executive presentations, dashboards, and financial analysis. Provide insights into financial performance, budget health, forecast accuracy, and investment outcomes. Deliver concise, data-driven recommendations to leadership teams.
• Release training engineering and executive financial reporting.
• Financial Governance & Compliance Ensure compliance with enterprise financial policies, funding requirements, and governance standards. Maintain audit-ready financial documentation and reporting processes. Support financial governance forums and executive review boards. Monitor adherence to approved funding allocations and budget controls. Partner with Finance, Audit, and Compliance teams to address findings and improve controls.
• Vendor & Contract Financial Management Manage vendor funding line administration and budget alignment. Monitor contractor and supplier financial commitments. Coordinate funding adjustments and budget transfers. Support financial reviews of strategic technology vendor relationships.
• Data Analysis & Financial Technology Leverage modern reporting and analytics platforms to improve financial transparency. Utilize AI, ServiceNow, Workday, Power BI, Excel, and financial systems for reporting, automation and analysis. Drive continuous improvement and automation of financial management processes. Apply AI-enabled analytics and forecasting techniques to improve financial planning accuracy.

Required Qualifications

Requires an BA/BS degree in Information Technology, Computer Science or related field of study and a minimum of 10 years of experience in organizing a series of large-size projects into a single portfolio, multiple technical and business disciplines, planning and designing large complex project portfolios, technical systems Process Life Cycle or related field; or any combination of education and experience, which would provide an equivalent background.

Preferred Experience

• Experience supporting government-funded programs, regulated industries, or large enterprise technology organizations.
• Experience with ServiceNow Portfolio Management, Workday, SAP, Oracle, or similar enterprise financial systems.
• Knowledge of portfolio management and technology investment governance.
• Experience supporting PMOs, technology organizations, or digital transformation initiatives.
• MBA, CPA, CFA, or related professional certification.
• Experience applying AI and automation capabilities to financial planning and reporting processes.

Locations (Salary Range)

In addition to your salary, Elevance Health offers benefits such as a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements). The salary offered for this specific position is based on a number of legitimate, non-discriminatory factors set by the Company. The Company is fully committed to ensuring equal pay opportunities for equal work regardless of gender, race, or any other category protected by federal, state, and local pay equity laws.

For candidates working in person or virtually in the below location(s), the salary* range for this specific position is $120,764 to $228,816 Locations: California; Illinois; New Jersey; New York; Virginia

Benefits

• comprehensive benefits package
• incentive and recognition programs
• equity stock purchase
• 401k contribution (all benefits are subject to eligibility requirements)
• medical benefits
• dental benefits
• vision benefits
• short term disability benefits
• long term disability benefits
• 401(k) +match
• stock purchase plan
• life insurance
• wellness programs
• financial education resources

Job Level and Workshift

Job Level: Director Equivalent Workshift: 1st Shift (United States of America)

Job Family

Job Family: IFT > IT Project Mgmt

Agencies and Resumes

Please be advised that Elevance Health only accepts resumes for compensation from agencies that have a signed agreement with Elevance Health.

Equal Employment Opportunity

Elevance Health is an Equal Employment Opportunity employer, and all qualified applicants will receive consideration for employment without regard to age, citizenship status, color, creed, disability, ethnicity, genetic information, gender (including gender identity and gender expression), marital status, national origin, race, religion, sex, sexual orientation, veteran status or any other status or condition protected by applicable federal, state, or local laws.

Accommodations

Applicants who require accommodation to participate in the job application process should submit the following form: Accessibility Accommodation Request Form and a member of the team will be in contact.

Arrest and Conviction Records

Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state, and local laws, including, but not limited to, the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act.

Florida Screening

Prospective employees required to be screened under Florida law should review the education and awareness resources at HB531 | Florida Agency for Health Care Administration.

Additional Information

NOTE: Workday keeps job postings active through 11:59:59 PM on the day before the listed end date. Example: If the end date is 3/13, the posting will automatically come down on 3/12 at 11:59:59 PM. In other words — the job is posted until 3/13, not through 3/13.

Elevance Health is a health company dedicated to improving lives and communities – and making healthcare simpler. Previously known as Anthem, Inc., we have evolved into a company focused on whole health and updated our name to better reflect the direction the company is heading. Join our Talent Community and stay connected with company news, information, and future job opportunities. Fueled by our bold purpose to improve the health of humanity, we are transforming from a traditional health benefits organization into a lifetime trusted health partner.Our nearly 100,000 associates serve approximately 100M+ people, at every stage of health. We address a full range of needs with an integrated whole health approach, powered by industry-leading capabilities and a digital platform for health.

Elevance Health is an Equal Employment Opportunity employer, and all qualified applicants will receive consideration for employment without regard to age, citizenship status, color, creed, disability, ethnicity, genetic information, gender (including gender identity and gender expression), marital status, national origin, race, religion, sex, sexual orientation, veteran status or any other status or condition protected by applicable federal, state, or local laws. Applicants who require accommodation to participate in the job application process should submit the following form: Accessibility Accommodation Request Form and a member of the team will be in contact. Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state, and local laws, including, but not limited to, the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act. Prospective employees required to be screened under Florida law should review the education and awareness resources at HB531 | Florida Agency for Health Care Administration. Please visit the Contract Worker Community Page. Elevance Health is an Equal Opportunity Employer/Disability/Veterans.