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Chief Financial Officer
Chief Financial OfficerColorado Staffing • Denver, CO, US
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Chief Financial Officer

Chief Financial Officer

Colorado Staffing • Denver, CO, US
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Chief Financial Officer

Salary : $165,000.00 - $190,000.00 Annually

Location : Denver Metro, CO

Job Type : Full Time

Job Number : UHA70005

Opening Date : 11 / 20 / 2025

Closing Date : 12 / 12 / 2025 11 : 59 PM Mountain FLSA Status : Exempt; position is not eligible for overtime compensation.

Department Contact Information : Jessica Bosick, Talent Acquisition jessica.bosick@state.co.us

Type of Announcement : This announcement is not governed by the selection processes of the classified personnel system. Applications will be considered from residents and non-residents of Colorado.

How To Apply

Please submit an online application for this position at the provided link. Reach out to the Department Contact to apply using a paper application, including any supplemental questions. Failure to submit a complete and timely application may result in the rejection of your application. Applicants are responsible for ensuring that application materials are received by the appropriate Human Resources office before the closing date and time listed.

The Department of Health Care Policy & Financing

The Department of Health Care Policy & Financing (HCPF) oversees and operates Health First Colorado (Colorado's Medicaid Program), Child Health Plan Plus (CHP+), and other state public health programs for qualified Coloradans. Our mission is to improve health care equity, access and outcomes for the people we serve while saving Coloradans money on health care and driving value for Colorado. The State of Colorado strives to create a Colorado for All by building and maintaining workplaces that value and respect all Coloradans through a commitment to equal opportunity and hiring based on merit and fitness. The State is resolute in non-discriminatory practices in everything we do, including hiring, employment, and advancement opportunities.

Benefits

HCPF offers a competitive benefits package :

  • PERA retirement benefits including PERA Defined Benefit Plan, PERA Defined Contribution Plan, plus 401K and 457 plans
  • Medical, Dental, and Vision insurance coverage
  • Automatic Short-Term and Optional Long-Term Disability Coverage
  • Life and AD&D Insurance
  • Flexible Spending Accounts (FSAs)
  • Family Medical Leave Act (FMLA) job protection and State of Colorado Paid Family Medical Leave (PFML)
  • 11 Paid Holidays Annually and Accrued Annual and Sick Leave
  • Accrued Sick Leave for State of Colorado Temporary Employees
  • Flexplace and Flextime work arrangements
  • Variety of discounts on services and products available through the State of Colorado's Work-Life Employment Discount Program
  • Free RTD EcoPass to all eligible State Employees
  • Credit Union of Colorado Membership Eligibility
  • Some positions may qualify for the Public Service Loan Forgiveness Program.

Finance Office Responsibilities

The Finance Office provides fiscal leadership, accountability, and financial strategy for the Colorado Department of Health Care Policy and Financing (HCPF), stewarding approximately $20 billion in total funds annually. The Office ensures that the Department's public health care programsincluding Colorado Medicaid and the Child Health Plan Plus (CHP+)are administered efficiently, transparently, and in compliance with state and federal law. The Finance Office leads HCPF's core financial management and oversight functions, including :

  • Budget development and forecasting
  • Accounting and fiscal reporting
  • Provider rate setting and reimbursement structures
  • Managed care rate setting and financial review
  • Payment reform and value-based provider payment structures
  • Special financing mechanisms (CHASE and Safety Net Programs)
  • Internal program and eligibility auditing and external audit response and facilitation
  • Purchasing and contracting

    • Description of Job

    The Department of Health Care Policy and Financing welcomes your interest in the Chief Financial Officer (CFO) position. This position is responsible for statewide fiscal leadership, strategic policy impact, and executive authority over multiple divisions comprising the Department's financial and compliance infrastructure. The position is the Department's highest fiscal authority, reporting to the Executive Director. This position operates within one of the most complex fiscal environments in state government, requiring simultaneous understanding of federal healthcare financing rules, state budget processes, and Medicaid operational systems. The CFO must interpret and apply interrelated statutes, regulations, and fiscal policies. Responsibilities in this position include :

  • Leads the Finance Office in advancing the Department's fiscal mission and ensuring the effective stewardship of approximately $20 billion in state and federal funds.
  • Provides executive leadership to the Finance Office divisions encompassing Budget, Controller functions, Provider Reimbursement, Managed Care Rates, Payment Reform, Special Financing, and Audits and Procurement.
  • Directs the development and execution of the Department's financial strategy, ensuring fiscal sustainability, equity, and alignment with the Governor's and Executive Director's priorities and the legislature's directives.
  • Guides enterprise-level financial risk management, internal controls, and compliance with federal and state fiscal requirements.
  • Represents the Department before Stakeholders as well as State and Federal officials, providing authoritative fiscal counsel and negotiating complex funding and policy issues that affect the Colorado Medicaid enterprise.
  • Leads the Finance Office's management team in fostering a culture of integrity, accountability, and continuous improvement. Advances strategic objectives in workforce planning and leadership development to ensure a resilient, high-performing Finance Office capable of meeting complex fiscal challenges.
  • Directs the formulation, justification, and execution of the Department's annual budget and multi-year financial plan.
  • Leads the development of data-driven forecasts, fiscal models, and budget-balancing strategies that promote financial integrity and program sustainability.
  • Provides membership caseload, claim cost trend, and administrative cost insights and forecasting to the Executive Director throughout the year at a defined cadence to enable course correction against plan and to ensure no-surprises management.
  • Oversees the collaborative effort with the Department Executive Leadership Team (ELT) to leverage the insights of Budget staff, data analysts and policy experts to identify and quantify budget reduction opportunities necessary to reduce Medicaid trends that achieve goals.
  • Provides executive direction for collaboration with the Office of State Planning and Budgeting (OSPB), the Joint Budget Committee (JBC), and legislative analysts to ensure transparent, accurate, and timely budget submissions and adjustments.
  • Provides executive oversight of the Department's provider fee for service rate setting, managed care rate development, and value-based payment models.
  • Directs the formulation of actuarially sound rates and reimbursement methodologies in compliance with federal standards and state fiscal policy.
  • Leads the integration of fiscal and policy objectives to improve provider access, promote equity, and incentivize value-based care.
  • Guides implementation of the Medicaid Provider Rate Review Advisory Committee (MPRRAC) recommendations and ensures completion of required analyses comparing Colorado Medicaid rates with Medicare and peer states. Oversees the timely and accurate completion of other legislatively required rate comparison data and reporting.
  • Oversees the Department's Controller and Accounting functions to ensure fiscal integrity, transparency, and compliance with State Fiscal Rules, the State Controller's Office, and federal requirements.
  • Directs preparation and submission of all mandated financial reports, including CMS-37, CMS-64, and related federal expenditure filings.
  • Provides executive leadership for the Audits and Procurement Division, ensuring fiscal accountability, compliance, and transparency across all departmental financial and operational activities.
  • Directs the Department's External Audits function, managing all state, federal, and third-party audits and ensuring timely, accurate, and defensible responses to oversight entities.

    • Minimum Qualifications, Substitutions, Conditions of Employment & Appeal Rights

    Applications will be considered from residents and non-residents of Colorado. Minimum Qualifications :

  • Experience Only : Twelve (12) years of experience in progressive leadership and direct staff management, including experience leading multiple functional teams, progressively responsible professional experience in financial administration including legislative budget process, developing and managing a budget; strategic financial planning; and forecasting; developing standards and procedures; or meeting federal reporting requirements, execution of multimillion-dollar budgets OR
  • Education and Experience : Bachelor's degree from an accredited university or college in accounting, finance, economics, public policy, business administration, higher education, management or a closely related field AND Eight (8) years of experience in
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