ED, National FP&A, Long Range Planning

ED, National FP&A - Long Range Planning

The role will manage the creation of the enterprise long range economic plan, including the modeling & analytics for the rate setting process across all KP markets. The enterprise long range plan includes highly complex economic and strategic elements during a very dynamic time in healthcare. This role will manage all aspects of long range economic modeling including for rate-setting and all strategic economic decisions spanning 18 months plus (beyond budget timeframe). This role requires the experience and ability to interact with the enterprise CFO on internal and external financial information, the business implications and recommendations for the overall enterprise, as well as market specific long range economic plans. This role will also interact with the CEOs leadership team. This position reports to the VP, National Financial Planning & Analysis. This position collaborates with senior leadership across the enterprise, including the Office of the CEO, Financial Planning & Analysis, Controllership, Treasury, Strategy & Business Development, Strategic Market Planning & Analysis, Actuarial, Health Plan Business Lines, Capital Planning, Community Benefit, and Cost Structure Improvement. This position ensures effective delivery of long-range economic plans, rate setting, financial modeling and analytics, and scenario planning.

Essential Responsibilities:

• Leads the annual enterprise-wide long range economic planning process.
• Leads development of economic plan, including modeling, assumptions and target setting across markets and lines of business.
• Leads process and manages communications with executive leadership across Finance, Treasury, Controllership, Capital, Strategy & Business Development, Strategic Market Planning & Analysis, Actuarial, Medicare & Medicaid Finance, Health Plan Business Lines and other functions including the Office of the CEO.
• Manages leadership reviews across key stakeholders, ensuring alignment on assumptions and approvals.
• Identifies and analyzes plan drivers, leveraging all available planning, modeling, and reporting tools.
• Provides decision support to executive stakeholders in Finance, Business Units, Markets, providing proactive insights and perspectives and challenging assumptions to ensure optimal outcomes.
• Leads preparation of related materials to support Board presentations and Executive Leadership discussion. Ensures efficient and comprehensive use of available analytic tools owned by National FP&A, KP Insight, and others. Identifies and ensures adoption of industry analytic best practices.
• Enhances economic models to support setting performance goals and outcomes at the enterprise level and for each of the enterprises four major lines of business, integrating work on membership, revenue, and cost structure improvement.
• Evolve the enterprise long range modeling approach to keep up with business needs in an increasingly dynamic environment.
• Leads the financial evaluation for the annual rate setting process.
• Leads economic modeling of scenarios to support rate setting decisions across the enterprise for all lines of business and all markets.
• Works across market and functional teams to drive effective economic evaluation and co-ordination of key planning assumptions.
• In partnership with Strategic Market Planning & Analysis, Strategy, and Actuarial; facilitates the rate setting process and analysis of market plans to develop recommendations for the CFO and the senior leadership team.
• Coordinates the external environmental assessment with experts and provides consolidated assessment for Executive Leadership review.
• Leads economic scenario planning in support of long-range planning and line of business analysis.
• Develops, communicates, and gains alignment on scenario analysis.
• Identifies and communicates economic impact of risks and opportunities including key industry, government policy, economic outlook or regulatory changes that impact the planning assumptions in the enterprises long range economic plan.
• Provides analytical support and expertise for senior leadership discussion.
• Lead the design, deployment and adoption of the long range planning modules of the new Enterprise Performance Management Solution (EPMS).
• Identifies and ensures adoption of industry analytic best practices.
• Strategically involves and builds trusted relationships with key stakeholders. Effectively collaborates, influences and serves as a financial expert to National & Market finance and executive leadership on long range planning and rate setting initiatives with strategic importance. Provides strategic business planning, relative to FP&A functions, to ensure cost efficient administration of capabilities.
• Works with senior leadership at the National, Market, and Line of Business levels to identify and resolve financial and operational performance issues. Develops strong partnerships to apply thorough understanding of the organizations key business strategy and highlight key performance issues.
• Develops high performing analytical team responsible for enterprise-wide long-range planning and rate setting through effective recruiting, mentoring and coaching.

Basic Qualifications:

• Minimum of eight (8) years of experience in financial planning, modeling, analysis, strategic planning or equivalent required.
• Minimum of five (5) years of leadership and talent management experience required.

Education:

• Bachelors degree in Business or Economics is required or four (4) years of experience in a directly related field.
• High School Diploma or General Education Development (GED) required.

License, Certification, Registration:

• N/A

Additional Requirements:

• Customer focused with outstanding interpersonal skills and ability to interact with a range of stakeholders to establish effective relationships at all levels of the organization. Ability to work collaboratively in a matrix environment, while developing effective relationships and achieving results required.
• Expertise in financial and strategic planning and analysis, financial modeling. Thorough knowledge of process and tool enhancements, optimization and financial systems integration.
• Expertise in motivating and developing high performing staff.
• Experience leading financial planning process changes from concept through implementation.
• Strong ability to analyze, understand and communicate complex issues and trends required. Strong ability to manage in a dynamic environment required.
• Executive presence and excellent communication (written and verbal) and negotiation skills required.

Preferred Qualifications:

• Prefer at least three (3) years experience in analytical role in health insurance industry.
• Prefer three (3) years of corporate financial planning including budgeting, forecasting and performance analysis experience.
• Masters degree in Business Administration with financial focus, Health Care Administration, Public Health or other related field strongly preferred.
• CPA or CMA preferred.
• Experience with data management, business intelligence and benchmarking preferred.
• Strategic/Critical Thinking: Understands the connections and relationships across functions and entities for both internal and external constituencies; thinks appropriately into the future.
• Service Orientation: Focuses and aligns actions and decisions on ways to enhance service.
• Communication: Sends the right messages and information to appropriate audiences verbally and in writing; keeps people informed; adapts communication style to the needs of the audience.
• Collaboration/Influence: Actively gathers appropriate level of participation and input to decision-making, and fosters same within team. Persuades others to see/recognize new perspectives to reach best outcomes by utilizing buy-in, persuasion and relationship building.
• Team Focus: Assembles and effectively leads direct report and/or partnership teams. Exceptional facilitator of team work & decision-making in virtual and in-person settings
• Change Leadership: Initiates and/or sponsors change efforts; aligns resources, overcomes resistance, and engages/motivates others to implement and sustain change efforts.
• Partnership: Strategically partners across areas, entities, and functions to achieve long-term performance goals and re-allocates resources as needed. Works to achieve win-win solutions to achieve outcomes. Holds others accountable for developing and maintaining partnerships.
• Results Orientation: Does what is necessary to improve performance; balances the resources necessary to produce desired outcomes; tracks and monitors performance.
• Confidence/Initiative: Has foresight and asserts a willingness to perform in challenging situations; learns from mistakes and from feedback from others.
• Cultural Competence: Considers and uses cultural dimensions in workforce planning and development, and the formulation and enacting of business strategies.
• Develops Others: Pays personal attention to the growth and development of others, provides constructive feedback, and creates development opportunities.
• Personal Development: Is open to and seeks new learning opportunities; embraces and responds to feedback from others.