Reporting to the Controller, the Manager, Finance leads a team of staff. This team is responsible for budget, reporting, revenue accounting, and coverage program accounting. They ensure the accuracy, and regulatory compliance of San Francisco Health Plan's (SFHP) financial plans and results. You will manage the team's daily work, sets priorities and workloads, and develops staff capabilities, and raising only complex or strategic issues for review. You will oversee the annual operating, capital, and enterprise project budgets, the preparation of required external regulatory financial reports, and the accounting for revenue and coverage programs across all lines of business. Through variance analysis, process improvements, and sound internal controls, the Manager provides financial information that supports decision-making by Finance leadership, department heads, and the Chief Executive Officer. You will represent Finance on initiatives and contributes to audit readiness and regulatory data requests.
Please note that while SFHP supports a hybrid work environment, you are required to be onsite and in-office a minimum of 4 days per month. This is a hybrid position, based in our Downtown San Francisco office.
Salary: $140,000 - $175,000 per year
WHAT YOU WILL DO: - Lead the budget and reporting, revenue accounting, and coverage program accounting for all lines of business, including programs that SFHP administers as a third-party administrator.
- Oversee the development, implementation, and monitoring of the annual operating, capital, and enterprise project budgets, including review of departmental budget requests for conformance with annual guidelines.
- Manage the monthly and year-to-date analysis of actual results against budget and forecast, and present variance explanations and supporting analyses to Finance leadership and department heads.
- Oversee the preparation, review, and submission of required regulatory financial reports on a monthly, quarterly, and annual basis. This includes medical loss ratio reporting. Additionally, coordinate the team's contributions to annual financial report documents.
- Lead Finance's contributions to annual rate development and bid submissions, coordinating with actuarial consultants and cross-functional stakeholders.
- Oversee revenue recognition and review the supporting reconciliations and adjusting entries prepared by the revenue accounting lead for all lines of business.
- Oversee coverage program accounting, including general ledger activity, account reconciliations, month-end close activities, and financial reporting for each program.
- Coordinate month-end close schedules and dependencies with the Accounting function to support financial results.
- Recommend, document, and implement accounting policies, procedures, and internal controls for the budgeting, reporting, revenue, and coverage program processes.
- Coordinate team responses to requests from external auditors, the Department of Managed Health Care (DMHC), the Department of Health Care Services (DHCS), and other regulators.
- Manage the team by determining staffing needs, setting goals, planning workloads, resolving issues, conducting performance evaluations, and taking corrective action.
- Ensure recurring deliverables and projects are completed on time and cost-effectively, and implement corrective action when results fall short.
- Identify critical issues and financial trends, and recommend actions to Finance leadership.
- Develop and implement improvements to budgeting, forecasting, accounting, and reporting processes and systems.
- Conduct special financial analyses and respond to requests for data on current and proposed projects and programs.
- Represent Finance on cross-functional project teams, advise project sponsors and business leads, and partner with Finance leadership on enterprise project budgeting.
- Monitor changes in accounting standards and regulatory reporting requirements, and apply them to team processes.
WHAT YOU WILL BRING: - Bachelor's degree in accounting, finance, or a related field, or equivalent combination of education and experience, required.
- 5+ years of progressive accounting and financial reporting experience, required.
- Minimum of 3 years of people management experience in accounting or finance, required.
- Experience in a healthcare organization, required; experience in a managed health care plan.
- Experience with enterprise financial systems and implementation.
WHAT WE OFFER:- Health Benefits
- Medical: You'll have a choice of medical plans, including options from Kaiser and Blue Shield of California, heavily subsidized by SFHP.
- Dental: You'll have a choice of a basic dental plan or an enhanced dental plan which includes orthodontic coverage.
- Vision: Employee vision care coverage is available through Vision Service Plan (VSP).
- Retirement - Employer-matched CalPERS Pension and 401(a) plans, 457 Plan.
- Time off - 23 days of Paid Time Off (PTO) and 13 paid holidays.
- Professional development: Opportunities for tuition reimbursement, professional license/membership.
Hiring priority will be given to candidates residing in the San Francisco Bay Area and California.
#LI-Hybrid
(Hybrid remote/in-office)
