Director Enterprise Financial Forecasting, Systems & Performance Analysis

Company :

Highmark Health

Job Description : 

JOB SUMMARY

This job leads the Enterprise process to develop consolidated financial forecasts, provides periodic reporting to the board of directors and external stakeholders (e.g., Rating Agencies, PID), and works on strategic decision support analysis for the CFO and Executive Leadership team. The incumbent requires interaction with a wide array of internal and external customers, including Senior Executives, in various areas of the Organization, including the Finance, Actuarial and Cost and Budgeting departments, as well as with other operational areas and subsidiaries of Organization. Discusses business initiatives with VPs, SVPs and EVPs outside of Finance for which financial analysis is completed prior to being approved; and discusses results of financial analysis, corporate initiatives, and financial modeling findings with executive management within Finance, including the Enterprise CFO and with those outside of finance (in particular subsidiaries).

ESSENTIAL RESPONSIBILITIES

• Perform management responsibilities to include, but are not limited to: involved in 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.
• Oversees the development, maintenance and control of the financial planning system applications utilized for financial plan and forecast consolidation, budget development, and detailed operating expense (actual vs. budget) reporting.  Ensure analysis and reconciliation of financial planning system data, while building / maintaining a reporting center of excellence (COE) leveraging Oracle, Tableau and other tools. Expand support for business unit leaders to educate, standardize, reconcile and solve issues in submitting data to the financial planning system and extracting / standardizing reports. 
• Coordinates the annual and three-year planning efforts, which includes working with Divisional CFOs, their staff, the actuarial department and others to understand the current projected financial performance, risks and opportunities across the full composition of the Organization's portfolio of companies. This includes development of materials and participation in presentation to the senior leadership of the Organization. This responsibility also includes working with executive management (Presidents, CFO’s and Health /Subsidiary EVP’s) to familiarize them with the process, to socialize results and to understand inputs / thoughts they have on the planning process.
• Directs the corporate financial planning efforts, including completing the work necessary to recommend corporate financial targets to the CFO and CEO and modeling of scenarios related thereto and interacting with subsidiaries CFO’s to cascade corporate financial targets to each entity and the business lines within those entities.
• Oversees/consolidates actual financial results for the full complement of the Organization's Health divisions to understand business drivers, reasons for actual vs. plan variances and necessary corrective actions. This involves working with subsidiary CFO’s and staff, the treasury and cost management analysis units to analyze and interpret financial results in the context of the financial plan and presenting the results of the consolidated analysis to the CFO. The position also prepares all Board-level and all employee level financial presentation materials for delivery by the CFO or CEO.
• Leads the Organization performance management efforts including the development of enterprise level KPIs, incentive plan design and metrics, and actionable reporting to guide enterprise-level decision making. This also includes oversight of the incentive compensation calculation, validation, and financial / metric reporting process for the Board of Directors, including the long-term and all employee incentives programs.  Share monthly results and analytics of performance with Executive leadership, including the CFO, COO and CEO. 
• Coordinates the Organization's relationship with the various credit rating agencies (Standard & Poor’s, AM Best and Moody’s). This includes fielding and answering inquiries from the agencies, gathering information necessary for reporting to the rating agencies, managing the annual rating cycle, preparing presentations for meetings with them, coordinating the meetings (including attendance by executive management).Provides detailed modeling for the Organization's CFO of enterprise capital transactions and articulate implications on Risk Based Capital to support E