• VP, Financial Planning & Analy

    Location US-CA-Los Angeles
    Job ID
    2018-6479
    Category
    Finance
  • Overview

    This position will be responsible for guiding AltaMed financial strategies including the development and execution of financial planning models and analysis across all major lines of business. This role encompasses the preparation of financial plans and forecasts, analyses of financial and operational results, and investigation of significant variances. Specifically, the position will provide financial and business decision support to derive the optimum risk sharing, pricing strategies, contract language, and customer profitability for managed care contracts as well as partner with the senior management team to develop contracting strategies and operating policies for all the major AltaMed books of business. Additionally, this position will develop and direct complex risk, pricing, and profitability models to evaluate strategic mergers and acquisitions, new facility development, new contracts and business development, and other related business planning. This position will support key business decisions by providing guidance on underlying assumptions, conducting due diligence, participating in the planning process, interpreting results, and making recommendations to senior management on methods to improve market share, service expansion, contract profitability, cash flow, and return on investment.

    Responsibilities

    1. Drive company-wide planning process to define financial targets and key business assumptions while developing thoughtful methodologies and applying financial rigor throughout the process.
    2. Actively participate in the development of AltaMed business strategy consistent with the organization’s financial goals.
    3. Provide analytical perspectives to support important strategic decisions.
    4. Lead the development of key operational metrics and reporting. Work closely with leadership to develop operational analysis and reporting.
    5. Direct the preparation of clear, metric-based, financial plans, including annual budgets, rolling-forecasts, long range plans, and related updates.
    6. Lead analysis of financial and operational results versus forecast and plan, investigations of significant variances, and communication of findings to senior management team.
    7. Clearly communicate a cohesive and concise story around business drivers behind financial data and potential implications on future results.
    8. Collaborate with cross-functional teams on major company initiatives and provide value-added financial analysis and support of business reviews and decisions from the financial perspective, including but not limited to, operational efficiency, cost saving opportunities, capital expenditure decisions, vendor selection and negotiation, etc.
    9. Attract, develop and retain FP&A staff in order to achieve department and company goals.
    10. Monitor major payer performance through a variety of metrics. Analyze, interpret, and trend payer performance.
    11. Design and evaluate Primary Care Provider incentives to encourage appropriate resource use.
    12. Interact extensively with senior and the managed care management team; identifying financial performance, related to gross margins, unit costs, utilization metrics, etc. for contracted provider networks at the individual provider level to support contracting strategies, plans and monitoring.
    13. Provide leadership in analyzing any M&A / Corporate Development opportunities oriented towards new business development, cost saving projects, capital expenditure evaluation, and product line profitability.
    14. Perform acquisition due diligence modeling (as appropriate), execute acquisition target financial models and create due diligence questions for target companies.
    15. Perform FP&A acquisition integration duties to allow for accurate near-term forecasting. Integrate/improve operating systems to capture appropriate business metrics over medium term.
    16. Perform due diligence and internal valuation for key corporate development initiatives, such as evaluating physician practices or IPA acquisitions.
    17. Supervise the Financial Analysts and others as assigned.
    18. Perform all other related duties as assigned.

     

    Qualifications

    1. B.S. degree Business, Finance, or Accounting
    2. MBA is highly desirable. CPA is preferred.
    3. Minimum of 10 years of accounting and finance experience, with at least 7 years of comprehensive knowledge of managed care, prescription drug benefits, and pharmaceutical contracting principles
    4. Minimum of 4 years of experience building, developing and leading a high performing FP&A team in a high-growth organization. 

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