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GBD Finance Director

Company: Elevance Health
Location: Baton Rouge
Posted on: August 4, 2022

Job Description:

Responsible for financial leadership, decision support, and strategic consultation to the Louisiana Medicaid Health Plans leadership teams. Directs health plan financial analysis, cost of care analytics, trend analysis, financial reporting, financial operations, and cost and budget management and allocation in a Health Plan with an assigned product or portfolio, which may include specialty products and/or provider contracting arrangements that carry financial risk to the plan P&L, serves as legislative consultant with state partners on financial/reimbursement policy and payment mechanisms. Primary duties may include, but are not limited to:

  • Directs market leadership for P&L and SG&A budget; operates as a financial liaison to state partners; leads rates management and negotiation including reserve development and analytics; and leads the Medical Cost and RX Trend identification and mitigation process with key business partners including network and clinical teams.
  • Maintains trends that are appropriate given premium reimbursement.
  • Reviews, analyzes, reports, and presents financial results. Provides decision support for business unit President and senior management teams' operational and business goals.
  • Achieves Medical Cost and MLR targets set in plans and forecasts; may ensure that provider network contracting efforts obtain the best possible financial arrangements; may own the setting of and achievement of Cost of Care targets; and achieves operating gain targets set in budgets and forecasts.
  • Directs Health Plan preparation of annual operating/capital budget and forecasts to provide senior leadership with tools necessary to maximize investment of resources.
  • Directs interface with regulatory and audit personnel and technical consultants as required to ensure fiscal accountability.
  • Supporting the pricing actuaries on premium rate actions.
  • Representing the health plan at key state and provider meetings; oversees the processing and delivery of several major provider pass thru payments; and is a key member of the leadership team.
  • Helping to support the plan president on setting and achieving health plan goals. Minimum requirements:
    • Requires a BA/BS in Finance, Business Administration, or Accounting and a minimum of 8 years of progressive financial experience accounting, financial reporting, business analysis, budgeting, forecasting, and strategic and tactical planning within a health insurance/managed care environment; or any combination of education and experience, which would provide an equivalent background. Preferred qualifications:
      • MBA preferred.
      • Experience with complex business environments including multiple entity and highly regulated situations strongly preferred.

Keywords: Elevance Health, Baton Rouge , GBD Finance Director, Executive , Baton Rouge, Louisiana

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