Director Market Segment Finance

About the role

This leadership role is responsible for directing the financial planning, forecasting, reporting, and performance analysis activities supporting the Commercial Segments business. The position leads a team of finance professionals and serves as a key business partner to segment leadership, providing financial insights and strategic guidance to support business performance, growth objectives, and achievement of current and long-term financial commitments.

Responsibilities

• Performs 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.
• Plans, organizes, staffs, directs and controls the day-to-day operations of the department; develops and implements policies and programs as necessary; may have budgetary responsibility and authority.
• Functions as a member of the team responsible for developing vision and strategy. Provides detailed guidance on the preparation of all financial components of the strategic plans across the business segment.
• Oversees communication of strategy and vision to management and staff and to representatives of the company.
• Accountable for activities required to maintain financial records, the preparation of financial statements, the preparation of Board of Director statements, and the preparation of statutory reports for submission to the Department of Insurance in various states.
• Leads the business segment department operating expense oversight, including maintenance of budget development processes and assessment of operating effectiveness with respect to current and multi-year financial performance targets.
• Oversees the detailed, multi-year earnings improvement initiatives under the direct and indirect control of the segment leadership, including measurable initiatives across all Profit & Loss (P&L) categories.
• PARTNERS WITH ACTUARIAL FUNCTIONS, ENABLING EFFECTIVE PRODUCT PRICING, IN-YEAR CLAIM ANALYSIS, AND INCURRED BUT NOT RECORD (IBNR) RESERVE DECISION MAKING.
• OVERSEES COMPLIANCE MATTERS INCLUDING PRODUCT FILINGS, RESOLUTION OF REGULATORY ISSUES, RESPONSES TO REGULATORY INQUIRIES, FOR A VARIETY OF PRODUCTS AND PROGRAMS MARKETED ACROSS THE UNITED STATES.
• PROVIDES COUNSELING/ADVICE WITH RESPECT TO REGULATORY DEVELOPMENTS IN THE EXTERNAL ENVIRONMENT, PRODUCT DEVELOPMENT ISSUES, AND THE INTERPRETATION AND ADMINISTRATION OF COMMERCIAL MARKETS PRODUCTS.
• PROVIDES OVERSIGHT OF THE BUSINESS SEGMENTS INITIATIVES, SURENING THAT INITIATIVE BUSINESS CASES ARE THOROUGHLY DOCUMENTED AND THAT MEASURABLE SUCCESS CRITERIA ARE CONTEMPLATED IN CURRENT AND MULTI-YEAR BUDGETS, PROJECTIONS, ETC.

Qualifications

• Bachelor's Degree- Finance, Accounting or other related field.
• Minimum 7+ years' progressive management experience in finance or accounting.
• Preferred Healthcare payer industry experience, preferably supporting Commercial insurance products and markets.
• Experience leading Financial Planning & Analysis (FP&A) functions, including budgeting, forecasting, strategic planning, and financial performance management.
• Experience supporting business segment P&Ls and analyzing key drivers of revenue, claims, operating expenses, membership, and profitability.
• Experience partnering with senior executives on strategic initiatives, financial modeling, and business case development.
• Demonstrated success leading teams and influencing decision-making in a highly matrixed organization.
• Experience utilizing financial systems, business intelligence tools, automation, advanced analytics, and AI-enabled technologies to improve efficiency and enhance business insights.
• Experience building and leading a high-performing team of finance professionals.