[Remote] VP, Chief Financial Officer Humana Military at Humana

San Antonio, Texas, United States

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Not SpecifiedCompensation

Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, Military, Government ContractingIndustries

Requirements

Deep knowledge of Federal Acquisition Regulations (FAR) and Cost Accounting Standards (CAS)
Understanding of complexities and knowledge of vendors within government contracts
Understanding of the importance of Disclosure Statements and compliance with Cost Accounting Standards in operating a federal contract

Responsibilities

Provide executive leadership to Humana Military
Oversee all corporate-driven Budgeting, Forecasting, and Reporting, GL Accounting, Contract Accounting, Government Cost Accounting, and Proposal Pricing
Update and maintain budgeting and reporting systems; improve communication and process flow of annual cycles
Ensure monthly GL accounting activities (including revenue and expense recognition) are performed timely and accurately
Oversee contract accounting function, including Health Care cash flow reconciliation and enrollment fee balancing
Develop Humana Military’s Disclosure Statement and annual Forward Pricing Rate Proposals
Ensure daily Federal Acquisition Regulation (FAR) project accounting compliance (purchase requisition accounting and labor accounting practices)
Ensure all financial data and reporting is current, accurate, and complete
Develop strategy to drive membership and earnings growth, with short-term goals supporting long-term ambitions
Support contracting efforts with oversight and influence on negotiations and change order requests
Lead Proposal Pricing strategies for REAs and significant Change Orders
Negotiate directly with Major Subcontractors and Contracting Officers for items with significant financial impacts
Lead financial analytics team to support TRICARE growth ambitions
Engage with HM leadership team to enable pricing and membership decisions aligned to growth and sustainability
Execute financials for TRICARE business to ensure flawless financial data and support key business initiatives
Partner with the President of Humana Military and HM Executive Leadership to deliver results and present insights on budgeting, forecasting, and variances
Prepare and present monthly, quarterly, and annual financial results and projections, including KPI and balanced scorecard reports
Provide financial pictures of HM business (annual revenue, members served, discount impacts, total contract value)
Provide financial pictures supporting segment ambitions (ROIC targets, Pre-tax targets, Admin improvement targets)
Drive financial evaluation of future RFPs and serve as key stakeholder in HM contracting life cycle
Establish relationships with operational executives and develop operational and capital budgets for HM
Establish processes for timely review of actual performance against approved budgets
Maintain relationship with segment actuaries for membership forecasts, pricing decisions, underwriting targets, trend identification, and solution ideation with operations
Ensure appropriate internal controls and safeguards of company assets are in place and working
Provide oversight of Financial Planning and Analysis (FP&A) functions and all financial/statistical reporting for Government LOBs

Skills

Key technologies and capabilities for this role

BudgetingForecastingFinancial ReportingGL AccountingContract AccountingGovernment Cost AccountingProposal PricingFP&ARevenue RecognitionExpense RecognitionHealth Care Cash Flow ReconciliationFederal Acquisition RegulationFinancial Analytics

Questions & Answers

Common questions about this position

What are the main responsibilities of the VP, CFO role at Humana Military?

The role involves leadership in budgeting, forecasting, reporting, GL accounting, contract accounting, government cost accounting, proposal pricing, and ensuring compliance with Federal Acquisition Regulations. It also includes supporting TRICARE growth, negotiating contracts, and presenting financial results to leadership.

What salary or compensation is offered for this VP, CFO position?

This information is not specified in the job description.

Is this VP, CFO role remote or does it require office presence?

This information is not specified in the job description.

What key skills and expertise are required for the CFO position?

Deep knowledge of Federal Acquisition Regulations, government cost accounting, contract accounting, proposal pricing, and financial analytics is essential. Experience with TRICARE contracts, budgeting systems, and negotiating with subcontractors and contracting officers is also required.

What does the team structure look like for this CFO role?

The CFO partners with the President of Humana Military and the HM Executive Leadership team, leads the financial analytics team, and engages with HM leadership for pricing and membership decisions.

Humana

Health insurance provider for seniors and military

About Humana

Humana provides health and well-being services, focusing on Medicare Advantage plans for seniors, military personnel, and communities. Their plans include HMO, PPO, and PFFS options, designed to improve health outcomes through comprehensive and flexible coverage. Humana's revenue comes from government contracts and member premiums, and they aim to maintain high renewal rates by offering quality service and competitive benefits. The company stands out by fostering a culture of inclusivity and belonging among its employees, while also ensuring accessibility for all members, including offering free language interpreter services. Humana's goal is to deliver value to its members through an extensive provider network and innovative health solutions.

Louisville, KentuckyHeadquarters

1961Year Founded

IPOCompany Stage

Social Impact, HealthcareIndustries

10,001+Employees

Risks

Potential over-reliance on AI could disrupt operations if systems fail or are compromised.

Rising medical costs and tightening Medicare reimbursements may strain financial performance.

Leadership change with new CEO Jim Rechtin could lead to strategic disruptions.

Differentiation

Humana is a leader in Medicare Advantage plans, focusing on seniors and military personnel.

The company emphasizes inclusivity, offering free language interpreter services for accessibility.

Humana leverages AI and cloud technologies through a partnership with Google Cloud.

Upsides

Humana's investment in Healthpilot enhances digital enrollment for Medicare options.

The company is the first insurer to cover TMS therapy for adolescent depression.

Humana's focus on value-based care aims to improve outcomes for kidney disease patients.

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