The Aetna Individual and Family Plans Finance team is looking for a creative Executive Director who will build a Center of Excellence team focused on financial controls. This could include leading revenue management best practices for this $10B business, membership reporting and forecasting on the 1.8M members, projecting sales costs, and other financial controls around this dynamic and evolving business. This leader will have strong business acumen, and technical skills to build a best in class function.

More specifically, in this role, you will provide strategic leadership and oversight for financial reporting and analysis functions for this dynamic business that could be aligned with membership, revenue, SG&A and risk adjustment. You will collaborate with stakeholders to align financial goals with business objectives, Ensure accurate financial reporting, drive process improvements, and contributes to strategic planning and risk assessment. In addition, you may

• Integrate inputs across functions to inform Individual market financial forecasts; example functions include Finance, Actuarial, Product and Pricing, Network, Risk Adjustment Operations.
• Manage senior stakeholders / partners and ensure full transparency on tradeoffs being made across functions
• Pressure-test key assumptions made in financial and accrual forecasting to ensure appropriateness
• Identify root cause and source of variations in P&L against forecast, across risk adjusted revenue and cost (e.g., claims and risk score trends)
• Develops the organizations financial strategy which includes financial planning, budgeting, and forecasting to ensure the financial health and sustainability of the organization
• Oversees the preparation and presentation of accurate and timely financial reports to senior management, the board of directors, and external stakeholders

Required Qualifications:

• 15+ years of relevant financial experience
• Track record that shows the ability to build sound financial practices in a cross functional environment
• Bring strong expertise in ACA Individual business; familiarity with ACA risk adjustment model and accrual forecasting
• Ability to design action driven financial reporting
• Analytical capability to identify issues and develop creative solutions
• Prior Management experience developing and training of staff
• Communicate clearly and present appropriate level of information to senior leaders
• Professional and executive presence
• Setting strategy and driving results
• Strong leader in building teams, developing employees and hiring exceptional individuals

Preferred Qualifications:

• Healthcare, managed care or financial services experience
• Overall P&L management and leadership with budgets, forecasts, financial analysis, trends, projections, and analytics
• Development of plans and identification of risks and opportunities
• Advanced degree in finance, accounting, actuarial or related field

Education:

• Bachelor's Degree in finance, actuarial science accounting, or related field

Pay Range

The typical pay range for this role is:

$131,500.00 - $303,195.00

This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls. The actual base salary offer will depend on a variety of factors including experience, education, geography and other relevant factors. This position is eligible for a CVS Health bonus, commission or short-term incentive program in addition to the base pay range listed above. This position also includes an award target in the company's equity award program.

In addition to your compensation, enjoy the rewards of an organization that puts our heart into caring for our colleagues and our communities. The Company offers a full range of medical, dental, and vision benefits. Eligible employees may enroll in the Company's 401(k) retirement savings plan, and an Employee Stock Purchase Plan is also available for eligible employees. The Company provides a fully-paid term life insurance plan to eligible employees, and short-term and long term disability benefits. CVS Health also offers numerous well-being programs, education assistance, free development courses, a CVS store discount, and discount programs with participating partners. As for time off, Company employees enjoy Paid Time Off ("PTO") or vacation pay, as well as paid holidays throughout the calendar year. Number of paid holidays, sick time and other time off are provided consistent with relevant state law and Company policies.

For more detailed information on available benefits, please visit Benefits | CVS Health

We anticipate the application window for this opening will close on: 12/25/2024

Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.