Associate Director (Financial Management)
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ASSOCIATE DIRECTOR (FINANCIAL MANAGEMENT)
- Class Definition
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GENERAL STATEMENT OF DUTIES: To oversee all phases of the financial administration of a large department including budgetary, expenditure control, financial planning and program evaluation; to develop, implement, oversee and be responsible for a financial planning and reporting system; and to do related work as required.
SUPERVISION RECEIVED: Works under administrative direction of a superior with wide latitude for the exercise of independent judgement and initiative; work is reviewed through consultation and review of submitted reports for conformance to laws, rules, regulations and policies.
SUPERVISION EXERCISED: Plans, organizes, supervises and reviews the work of professional, technical, clerical staff assigned to assist. - Illustrative Examples of Work Performed
- To oversee all phases of the financial administration of a large department including budgetary, expenditure control, financial planning and program evaluation.
To be responsible for evaluation of existing programs and to develop plans for their expansion, modification or elimination in view of changing needs and the availability of state and/or federal funds.
To be responsible for the overall supervision of the preparation and review of the departmental budget for central accounting, expenditure control and budgetary reports.
To be responsible for conducting cost analysis surveys of various departmental operations with recommendations for reducing costs.
To make recommendations on planning and developing systems in accordance with standards for effective administrative and fiscal management, including fiscal and staffing requirements.
To monitor variances to the departmental budge, analyze the cause (s) and implement necessary adjustments.
To develop, implement, oversee and be responsible for a financial reporting system including; the Development and implementation of an on-line system; the establishment of criteria for security and privacy requirements; the establishment of standards and specifications for hardware and software products; the assurance of compatibility, and cost effectiveness of the system; the evaluation of the effectiveness of the system.
To conduct special financial reviews for the verification of facts in cases where noncompliance with laws and/or regulations is in evidence.
To exercise overall supervision and direction of billings and reimbursements.
To evaluate management and methods procedures to insure their effectiveness and efficiency in attaining their objectives, and to recommend future plans and budget allocations based on this evaluation.
To do related work as required. - Required Qualifications for Appointment
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KNOWLEDGES, SKILLS AND CAPACITIES: A thorough knowledge of governmental accounting principles, procedures and practices; a thorough knowledge of the principles, practices and procedures of program development and fiscal management; the ability to incorporate practices of business administration and fiscal management in developing complex programs for funding and budgeting; the ability to evaluate existing programs and to develop plans for their expansion, modification, or elimination; a thorough knowledge of the principles, practices and techniques involved in operating a financial reporting system; the ability to evaluate the effectiveness and efficiency of the operation of the foregoing or related services; the ability to prepare and submit reports, studies and analyses relating to such services for use of a superior; the ability to establish effective working relationships with other governmental agencies, departments, and with private vendors; a thorough knowledge of computer hardware and software; a thorough knowledge of computer systems networking; and related capacities and abilities.
EDUCATION AND EXPERIENCE:
Education: Such as may have been gained through: Possession of a Master’s Degree from a college of recognized standing with specialization in Accounting, Business Administration, Public Administration, or Certification as a Certified Public Accountant; and
Experience: Such as may have been gained through: considerable employment in a highly responsible administrative position involving significant responsibility for governmental financial management.
Or, any combination of education and experience that shall be substantially equivalent to the above education and experience.
- Supplemental Information
- A primary responsibility of this position will be to manage the agency’s Medicaid benefit finance team, both fee for service, managed care, and value-based payment mechanisms. This team is composed of technical experts that model the fiscal impact of policy changes on Medicaid’s budget as transparently as possible, process and monitor financial transactions, and summarize analysis in writing for a variety of decisionmakers, both at the state and federal level.
The candidate should feel comfortable reviewing and providing feedback on excel models, and providing feedback or support on SQL queries would be ideal but not required. The candidate should be strong in summarizing financial analytics and models for decision makers. The candidate should also feel comfortable reviewing internal business processes of the team to find efficiencies and areas for improvement in coordination.
This position will work at the intersection of policy (state and federal law and regulation) and financial analytics, and will involve working with various subject matter experts to learn the nuances of Medicaid programs, policies, and data.
Applicants must submit a cover letter demonstrating:
• A background in healthcare or insurance, either through work experience or education
• A strong familiarity with Excel; familiarity with claims-level analysis would be an asset
• Executive-level communication skills; the ability to summarize in writing relevant background information, recommendations, and rationale to decision makers is critical. The ability to ask questions and distill only the relevant information will ensure an individual’s success.
• The ability to manage competing tasks and priorities.• A demonstrated background in healthcare or insurance, either through work experience or education
• A strong familiarity with Excel; familiarity with claims-level analysis an asset
• Executive-level communication skills; the ability to summarize in writing relevant background information, recommendations, and rationale to decision makers is critical. The ability to ask questions and distill only the relevant information will ensure an individual’s success.
• The ability to manage competing tasks and priorities.
• Knowledge of government programs, process, and accounting systems, especially as it pertains to Rhode Island including the Caseload Estimating Testimony and Conference and RIFANs
• skilled in critical thinking
• Public stakeholder experience
• Project Management experience
• Ability to lead a team
• Positive and productive attitude.