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PacificSource is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to status as a protected veteran or a qualified individual with a disability, or other protected status, such as race, religion, color, sex, sexual orientation, gender identity, national origin, genetic information or age. PacificSource values the diversity of our community, including those we hire and serve. We are committed to creating and fostering a work environment in which individual differences and diversity are appreciated, respected and responded to in ways that fully develop and utilize each person’s talents and strengths.

The Senior Vice President and CFO (CFO) is a member of the Senior Leadership Team, reporting to the President and Chief Executive Officer (CEO). The CFO serves as a thought partner to the CEO playing a significant role in developing and implementing the Company’s strategic, business and financial plans with a focus on the capital strength, generation of positive earnings, and ongoing investment in the organization. The CFO oversees the Company’s major financial activities including planning, forecasting, budgeting, reporting, and investing. While the CFO will have direct reports in various finance related departments, they will work closely with other senior leaders and business owners, supporting a distributed accountability model to achieve results. The CFO will provide regular and timely reporting to the Board of Directors, Audit Committee, Finance Committee, CEO, and other senior management regarding company financial status, business performance, and investment results. The CFO will promote a culture supportive of employee development, satisfaction and excellence. The CFO partners closely with other senior leaders to achieve the Company’s financial targets and outline long-range strategic, operating and capital plans.

The CFO is responsible for key functions, including oversight of financial planning and analysis, payroll, budgeting, accounting, actuarial, underwriting, pricing, medical economics, capital planning, reserving, investment and tax management, regulatory reporting, among others. The role ensures financial processes and reporting are compliant with regulatory and legal requirements across multiple states and lines of business, and applicable filings and reports are accurate and timely. The CFO collaborates with business owners to monitor enterprise risk and develop metrics and targets for use in managing the various Lines of Business. The CFO maintains a deep knowledge of industry best practices and makes recommendations to ensure Company systems, targets and processes remain market competitive.

As a key leader, the CFO shares in the responsibility to create an environment that reinforces Company mission and values, recruits and develops talent, and cultivates a culture of trust, transparency and accountability.

Essential Responsibilities:

• Oversee Finance/Actuarial/Investments/Capital to achieve budgeted profit results and other financial targets and to preserve the organization’s net assets.
• Oversee and direct budgeting, accounting, tax, investment management, and long-range financial forecasting activities for the organization.
• Responsible for preparing complete and accurate financial reports for executive management and the Board of Directors.
• Direct and coordinate the Company’s budgeting process and monitor and report performance relative to budget on a regular basis.
• Coordinate state and federal tax reporting and compliance activities.
• Oversee preparation of NAIC (National Association of Insurance Commissioners), State of Oregon Insurance Division and other required regulatory filings and reports. Work with the applicable teams to prepare for and assist Insurance Division auditors in completing periodic financial audits.
• Communicate corporate financial status to management and board.
• Assist the CEO in investigating, evaluating and negotiating acquisition, merger, new business ventures and other growth opportunities in accordance with the objectives and plans established by the CEO and the Board of Directors.
• Work with the Chief Actuary to conduct and analyze studies of provider contract rates, information, and business and financial conditions and their impact on the Company’s ability to achieve targets.
• Appraise the Company’s financial position on a regular basis and issue periodic reports on Company’s financial stability, liquidity, progress toward long-term targets.
• Ensure sound actuarial analysis of risk, resulting in the attainment of PacificSource’s financial and enrollment goals.
• Provide oversight, management, development, implementation and communication of departmental programs.
• Manage and develop team members responsible key department activities.
• Ensure that the organization complies with regulatory requirements, insurance industry and accounting standards and corporate directives and objectives, as they relate to financial activities and reporting.
• Collaborate with senior leadership to support the Audit Committee.
• Prepare for and assist outside CPA auditors in completing annual and regulatory audits.
• Review lease, reinsurance, and corporate insurance contracts to determine financial impact and ensure that Company adequately manages risk.
• Ensure that provider contracts, provider networks, and administrative capabilities meet requirements of existing and planned products, with specific focus on continuing the development of a robust Medical Economics analysis and reporting department.
• Stay apprised of and implement corporate procedures to adhere to changes and updates in corporate and individual income tax codes and regulations.
• Maintain up-to-date knowledge and comply with rules and regulations governing corporate operations, including insurance regulations.
• Actively participate as a key team member in Executive Management and Senior Leadership meetings.
• Actively participate in various strategic and internal meetings and processes, communicate information within the organization and represent Company philosophy.

Supporting Responsibilities:

• Coordinate business activities by maintaining collaborative partnerships with key departments.
• Actively participate as a key team member in Staff/Leadership/Manager/Supervisor meetings.
• Perform other duties as assigned, including special assignments as requested by the Chief Executive Officer.
• Follow the PacificSource privacy policy and HIPAA laws and regulations concerning confidentiality and security of protected health information.
• Meet department and company performance and attendance expectations.

SUCCESS PROFILE

Work Experience: Minimum 10 years of demonstrated executive level Health Plan Operations experience.

Education, Certificates, Licenses: Baccalaureate degree in business, finance, or management required. CPA and experience in health insurance environment preferred.

Knowledge: Expert knowledge of financial accounting, auditing, regulatory (NAIC), and legal reporting requirements. Capable of effective and persuasive written and oral presentations to internal management, Board of Directors, regulators and internal staff and external customers. Knowledge of financial and statistical analysis. Knowledge of some advanced math skills, including algebra and graphing skills, calculate accounting formulas, such as return on investment/assets and profit margins.

Competencies

• Authenticity
• Building Organizational Talent
• Coaching and Developing Others
• Cultivating Networks
• Customer Focus
• Empowerment/Delegation
• Emotional Intelligence
• Establishing Strategic Direction
• Leading Change
• Optimizing Diversity
• Passion for Results

Environment: Work inside in a general office setting with ergonomically configured equipment. Travel is required approximately 50% of the time.

Skills:

Our Values

We live and breathe our values. In fact, our culture is driven by these seven core values which guide us in how we do business:

• We are committed to doing the right thing.
• We are one team working toward a common goal.
• We are each responsible for customer service.
• We practice open communication at all levels of the company to foster individual, team and company growth.
• We actively participate in efforts to improve our many communities-internally and externally.
• We actively work to advance social justice, equity, diversity and inclusion in our workplace, the healthcare system and community.
• We encourage creativity, innovation, and the pursuit of excellence.

Physical Requirements: Stoop and bend. Sit and/or stand for extended periods of time while performing core job functions. Repetitive motions to include typing, sorting and filing. Light lifting and carrying of files and business materials. Ability to read and comprehend both written and spoken English. Communicate clearly and effectively.

Disclaimer: This job description indicates the general nature and level of work performed by employees within this position and is subject to change. It is not designed to contain or be interpreted as a comprehensive list of all duties, responsibilities, and qualifications required of employees assigned to this position. Employment remains AT-WILL at all times.