Emory University

Senior Director, Financial Operations and Actuarial Strategy - Emory Health Plan

Emory University$150K — $180K *
Healthcare
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in accounting, finance, or related field required.
  • 9+ years of progressive experience in health plan finance or managed care finance.
  • Demonstrated expertise in financial controls, reporting, and accounting.
  • CPA or equivalent accounting credential strongly preferred.
  • Master's degree in a relevant field preferred.

Responsibilities

  • Build and sustain financial operating systems and reporting cadences.
  • Manage vendor financial management and ensure payment accuracy.
  • Oversee financial performance and contract compliance of key vendors.
  • Lead financial review and risk identification across vendor agreements.
  • Support senior leadership during TPA, PBM, and contract negotiations.
  • Own regulatory compliance functions and ensure accurate filings.
  • Develop IBNR reserve reporting and manage pharmacy rebate accounting.

Benefits

  • Opportunity for regular remote work with some on-site requirements.
  • Professional development and leadership training.
  • Flexible work schedule based on departmental guidelines.
  • Employment in a leading self-funded health plan with growth potential.
Full Job Description
Senior Director, Financial Operations and Actuarial Strategy owns the financial infrastructure, controls, and operational oversight that enables sound financial management of EHP's medical, pharmacy, and administrative costs. KEY RESPONSIBILITIES: - Responsible for building and sustaining the financial operating systems, reporting cadences, budget processes, vendor financial controls, and regulatory compliance frameworks that support EHP's growth, governance, and fiduciary obligations as a large self-funded health plan. - Owns EHP's vendor financial management function. - Manages and directs the execution of Third Party Administrator (TPA) and Pharmacy Benefits Manager (PBM) invoice reconciliation, payment accuracy controls, and payment integrity oversight. - Oversees financial performance of key vendors with substantial annual administrative spend, tracking contract compliance, unit cost trends, and administrative fee performance against contractual terms. - Leads contract financial review and interpretation across all vendor and provider agreements, flagging financial risk and ensuring alignment with budget assumptions. - Supports the senior leadership in strategic TPA, PBM, and stop-loss carrier contract negotiations with accurate, current financial performance data. - Owns EHP's regulatory compliance function in partnership with third-party compliance advisors and internal legal and compliance leadership. - Maintains EHP's compliance program for applicable self-funded plan regulations, including ERISA, HIPAA, ACA, and the Consolidated Appropriations Act (CAA) transparency and Mental Health Parity requirements. - Oversees preparation and timely submission of all required regulatory filings and any applicable state filings. - Coordinates internal and external audit processes, maintains compliance documentation and internal controls, and builds toward direct regulatory expertise as EHP's compliance function matures. - Serves as an informed financial partner to senior leadership on actuarial and complex financial matters, including incurred but not reported (IBNR) reserve management, claims lag analysis, and pharmacy rebate accounting. - Develops and maintains EHP's IBNR reserve reporting and reconciliation process, validating lag assumptions and reserve estimates against the plan's reserve fund in partnership with external actuaries. - Owns the accounting methodology for pharmacy rebate accruals, claims runout, and other complex reserve items. - Participates in the annual rate-setting and pricing process, providing financial data inputs, grounding actuarial assumptions in operational and claims experience, and contributing informed financial judgment to the pricing analysis led by senior leadership. - Provides financial data inputs for stop-loss program reporting and benefits design financial modeling. - Manages and develops a team, and, as EHP scales, hires and directs additional staff to support reserve, compliance, and senior leadership modeling needs. - Provides clear direction, professional development, and performance management for all direct reports. - Performs related responsibilities as required. MINIMUM QUALIFICATIONS: - Bachelor's degree in accounting, finance, health administration, business administration, or a related field required and 9+ years of progressive experience in health plan finance, managed care finance, or related healthcare financial operations, with demonstrated depth in financial controls, reporting, and accounting. - CPA or equivalent accounting credential strongly preferred. - Master's degree in business administration, health administration, or a related field preferred. NOTE: This role will be granted the opportunity to work from home regularly but must be able to commute to Emory University on a flexible weekly schedule based upon business needs. Schedule is based on agreed upon guidelines of department. This role requires residency in the state of GA. Emory reserves the right to change remote work status with notice to employee. #LI-MR1

About Emory University

Emory University is a private research university in Atlanta, Georgia. The university was founded in 1836 as Emory College and has since grown into a leading research institution with nine academic divisions. Emory University is known for its liberal arts college, professional schools, and biomedical research. The university has a diverse student body and offers undergraduate, graduate, and professional degree programs. Emory University is consistently ranked among the top 25 universities in the United States and is a member of the Association of American Universities.
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