CFO MFC

General Summary of Position
Oversees the Finance department for MedStar Family Choice (MFC). Responsible for financial reporting financial analysis and ad-hoc reporting. Also responsible for timely monthly close process including preparation of monthly financial statements and the explanation of operational results working closely with the corporate finance team. Annual budget and long range forecast preparation annual statutory audit work and financial regulatory filings. Works collaboratively with the President and senior management team to facilitate the development and achievement of operational financial and strategic objectives.

Primary Duties and Responsibilities

• Develops and contributes to the achievement of established department goals and objectives and adheres to department policies procedures quality standards and safety standards. Ensures compliance with hospital/facility policies and procedures and governmental/accreditation regulations.
• Ensure the accurate and timely development and issuance of monthly quarterly and annual financial statements in accordance with applicable accounting principles and MedStar Health financial policies.
• Maintain a current knowledge of Generally Accepted Accounting Principles (GAAP) and Statutory Accounting Principles (SAP). Maintain and enhance the internal control environment in a manner consistent with the concepts and guidelines established in the COSO framework and the Model Audit Rule.
• The development and analysis of the monthly IBNR (incurred but not reported) estimates. Develop analyses explaining variances from budgets and forecasts. Communicate business issues to MedStar Health management and corporate finance.
• Direct the planning and forecasting process that includes but is not limited to the Long Range Financial Forecast annual budget capital plans and periodic forecasts. Responsibilities also include providing guidance on rate adequacy trends and other significant issues affecting the financial strength of the organization.
• Lead the quarterly analysis of required Risk Based Capital ensure the Company remains in compliance with its RBC policy and coordinate requests for funding if necessary.
• Oversee the preparation and issuance of quarterly and annual statutory filings with the MIA DISB as well as reporting to other regulatory agencies such as DHMH DHCF and HSCRC in accordance with applicable instructions and timelines.
• Serve as the audit liaison to facilitate examinations performed to support the health system's and health plan's annual financial statements as well as examinations performed by regulatory agencies such as the MIA and DHMH.
• Partner with the senior management team to achieve the objectives established by the organization in its financial operational and strategic plans. Build and enhance relationships with key external partners that support the operational success of the organization.
• Establish and develop relationships with regulators and maintain a current understanding of the regulatory reporting requirements based on the organization's geographic service area and products. Represent MedStar Family Choice at meetings with regulators.
• Continuously enhance knowledge of the Medicaid and Medicare managed care industry the evolving impact of the Patient Protection and Affordable Care Act and the competitive and regulatory environment.
• Recruit retain and develop financial professionals that support the financial reporting and financial analysis objectives of the organization. Responsibilities also include motivating and engaging staff facilitating change management and process improvement building trust and consensus and appropriately delegating and empowering staff.
• Participates in multidisciplinary quality and service improvement teams as appropriate. Participates in meetings serves on committees and represents the department and hospital/facility in community outreach efforts as appropriate.

Minimal Qualifications
Education

• Bachelor's degree preferably in Accounting or Finance required
• Master's degree preferred

Experience

• 10+ years progressive responsible experience in financial management roles with health insurance or manage care organizations. required
• Minimum of 5 years of the aforementioned experience in a senior management role. preferred

Licenses and Certifications

• Certified Public Accountant (CPA) preferred

Knowledge Skills and Abilities

• High level problem solving skills.
• Ability to identify propose and direct the implementation of solutions to complex problems.
• An in-depth knowledge of health insurance concepts as well as Generally Accepted Accounting Principles and Statutory Accounting Principles.
• Excellent verbal and written communication skills.
• Basic computer skills preferred.

USD $282,300.00 - USD $381,900.00 /Yr.