VP, Finance

Blue Cross & Blue Shield Association • Full-time • US IL Chicago E. Randolph, United States of America • 1d ago

The hiring range for this role is:

$290,000.00 - $330,000.00

This is the lowest to highest salary we, in good faith, believe we would pay for this role at the time of this posting. We may ultimately pay more or less than the hiring range andthis hiringrange may also be modified in the future. A candidate’s position within the hiring range may be based on several factors including, but not limited to, specific competencies, relevant education, qualifications, certifications, relevant experience, skills, seniority, performance, shift, travel requirements, and business or organizational needs. This job is also eligible for annual bonusincentivepay.

We offer a comprehensive package of benefits including paid time off, 11 holidays, medical/dental/vision insurance, generous 401(k) matching, lifestyle spending account and many other benefits to eligible employees.

Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, or any other form of compensation that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company’s sole discretion, consistent with the law.

Job Description Summary:

The Vice President, Finance provides strategic leadership for BCBSA’s financial strategy, management, accounting, and technology services. Responsibilities include reporting to the Board and Finance and Audit Committee, overseeing Licensee Financial and Enrollment performance monitoring, and delivering high-quality services to Plan CFOs and senior financial constituencies. The position also focuses on building an adaptable, consultative, customer-focused team and maintaining expertise in industry best practices and technologies while fostering effective relationships with internal and external partners.

Responsibilities include but are not limited to:

Provide effective leadership to the Finance team, oversee the Management Team in managing the day-to-day operations. Coach, motivate, and implement appropriate training and career development opportunities for team members. This includes the communication and ongoing facilitation of performance feedback and appraisal processes. Serves as an active member of the BCBSA Senior Leadership Team
Provide leadership and strategic direction for the financial accounting function including payables, receivables, payroll, and tax preparation. Ensure there is an effective system of internal controls, including the development of financial policies and procedures. Work with internal and independent auditors to ensure reliable financial reporting, comply with applicable laws & regulations, and safeguard Association assets.
Drive successful financial performance leveraging effective leadership of Financial Planning and Analysis, Decision Support, Forecasting, Budgeting, Resource Management and Management Financial Reporting. Builds and maintains consultative relationships with stakeholders across BCBSA, providing data and insights to support business decisions.
Oversee establishment and maintenance of system-wide policies on financial and enrollment reporting practices. Ensure credible Licensee financial and enrollment data is reported to BCBSA to support effective programs for licensure, compliance, and performance monitoring.
Manage the Insurance program for the Association and related Affiliate entities working with internal and external legal staff to evaluate risks, recommend insurance coverage where needed, and acquire coverage.
Develop and deliver high quality, timely, value-added services to Plan CFOs and other Plan executives.

Required Education, Certifications and Experience:

Education

A Bachelor’s degree in Accounting or Business with an Accounting concentration which demonstrates knowledge of GAAP (Generally Accepted Accounting Principles) and Federal & State regulations with CPA or MBA required
Master's Degree (Preferred)

Certifications

CPA (Preferred)

Experience

Ten (10) years of experience in a broad business background as well as a degree in Accounting or Business demonstrating extensive knowledge of GAAP, Government and non-government legal, regulatory and practice conventions required including FAR and CAS.
Eight (8) years of experience developing and managing staff

Skills

Knowledge of FEP, IRS and State regulations is required.
Demonstrated ability to manage, develop, motivate and provide leadership to management and staff.
Strong interpersonal skills required to lead in an employee empowered environment.
Demonstrated ability to manage multiple tasks in a fast-paced environment and the ability to effectively communicate results to senior management, other officers, Plan executives and board members of the Association.
Proficiency in various database and computer-based applications such as Workday, Power BI, Tableau, PeopleSoft, Excel, Word, and PowerPoint.
The ability to verify completed product, a detailed orientation is critical.
Effective written and verbal communication skills
Excellent organizational skills and demonstrated ability to manage multiple critical and time-sensitive activities in a fast-paced environment while maintaining poise and composure
Strong project management skills
Excellent customer service and a strong customer orientation and the ability to maintain and improve customer relations
Proven leadership abilities to guide staff in the development of new initiatives and system efficiencies; strong leadership skills to plan, manage, and direct operational functions with ability to implement change
Strong presentation skills and the ability to communicate concepts, issues, and proposals in a concise and compelling manner to small and large audiences at all levels in the organization as well as external parties; ability to conduct value-added and informative presentations to all levels of staff.

Relationship management skills:

Ability in the development and maintenance of business relationships
Ability in dispensing exceptional customer service and a strong customer orientation and the ability to maintain and improve customer relations
Strong quantitative, analytical, problem resolution skills, with financial concepts are preferred.

People Management

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