VP CFO - IT Operations

Washington, DC, United States

Industry

Clevel, Executive, Operations, It, Finance, Manager, 100k

Posted on

May 30, 2023

Valid Through

Sep 12, 2023

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Description

The Technology Chief Financial Officer, ('Tech CFO ') is responsible for financial leadership of Humana's global Tech operations, including strategy and execution from new project prioritization and planning to ongoing operational run-the-business items for all the Tech spend, supporting the $90 billion enterprise revenue. The role touches every part of the business and viewed as a terrific entry point that will ignite advancement opportunities beyond the initial role.

Responsibilities

The role ensures the Tech Finance function is providing strategic thought partnership to on current year and future year financial impacts of decision-making options. The individual will play an integral role in annual prioritization processes that influence $1B in spending and are aimed at supporting the long-term strategy of the organization as well as the growth ambitions of the business units while also ensuring a strong foundation of systems and core infrastructure. The magnitude of the role is heightened by the current technological transformation of the company, both in terms of the prominence that technology is playing as well as in the nature of the technology used (e.g., shifting more towards cloud-based infrastructure). This position is responsible for identifying key business and financial trends and developing action plans to position the company and its business units for effective cost management and efficiency. The Tech CFO will be critical to ensure the Tech Finance function is a true partner to the business units and multiple stakeholders.

Specifically, the Tech CFO will:

-Leads a team of 45 to drive outcomes and accountability for the $3B enterprise IT budget. Deliver results and insights balancing short-term and long-term financial planning and growth opportunities.

Strategy enabler / thought partner to the business around new initiatives and impact.

Partner to the businesses on understanding the controllable levers of IT spending and the value associated with them (contractor and associate rate mix, drop-down costs, cloud transition cost/benefit analysis).

Identifies and drives value-added, business building, productivity and cost saving initiatives.

Partners closely with key internal partners to drive better cost & spending planning and, importantly, value / benefits from the spending.

-Prepares and presents to CIO on weekly basis on trends and issues, as well as the Humana CFO and broader Management Team the monthly, quarterly and annual financial and leads discussion on business and financial results

Produces KPI and balanced scorecard reports

Provides financial picture of the businesses in support of segment ambitions around ROIC targets, Pre-tax targets, underwriting margin targets and admin improvement targets.

Drives executive level conversations with Management Team (MT) and MT 1 during strategic prioritization conversations in deep partnership with corporate strategy team.

-Key partner to drive decisions and facilitate trade-offs on Tech prioritization process and related budget (and benefits associated with that budget)

This process houses >10 of the enterprises key strategic initiatives and the role would be playing an increasingly 'front and center' role in ensuring the organization is achieving its strategic transformation objectives

-Responsible for establishing key relationships with executives and the development of operational and capital budgets. Establishes processes for timely review of actual performance against approved budgets, with emphasis on identifying and recommending performance improvement where necessary.

-Verifies and analyzes financial information, technology trends, and economic indicators so that senior management has accurate and timely information for making strategic and operational decisions on, for example, acquisitions, investments, capital expenditure, divestitures, mergers, or the sale of assets.

Partners to ensure appropriate internal controls and safeguards of company assets are in place and working.

Provides oversight and leadership of the Tech contract review team, responsible for validating complex and technically nuanced multi-year contracts.

Provides additional oversight of the general accounting team and all financial and statistical reporting needs of Tech operations.

Ensure accuracy, thoroughness, and integrity throughout the financial Tech organization.

Required Qualifications

15 years' progressive financial leadership experience with teams greater than 20 FTEs

Hands-on financial experience in a large-cap operational / business partnering finance capacity; ideally including ownership of corporate functional budgets, such as Technology

Functional accounting experience such as cost accounting, financial planning and analysis, and/or public accounting is valuable

Experience in a global finance function or P&L in a Fortune 50 global company

Led through a technology transformation/public cloud migration - managing investments in new capabilities, data and application transition costs, actions to align cloud and data center ramp-up/down

History in changing the cost allocation model for a large, complex organization

Connects the dots and drive storytelling, presenting, painting the picture to aide in understanding and decision making

Ability to get deep in the weeds but then pull that back up and anticipate the questions/issues that folks will ask - help 'look around the corner'

Ability to drive understanding on current year prioritization variances and drop-down cost linkages

Strong bias for change and ability to drive change

Ability/agility to grow beyond the initial role

Exceptional interpersonal skills, business savvy, and passion for creating the new and different - by simplifying, standardizing, and automating

Penchant for driving efficiencies and making money to leverage for other purpose

A creative, critical thinker, with the ability to lead, inspire and develop a team

An undergraduate degree in a relevant discipline

Preferred Qualifications

CPA/MBA

Preferred location DC, Boston, Northeast

Additional Information

#LI-SJ1

Scheduled Weekly Hours

40

Humana complies with all applicable federal civil rights laws and does not discriminate on the basis of race, color, national origin, age, disability, sex, sexual orientation, gender identity or religion. We also provide free language interpreter services. See our https://www.humana.com/legal/accessibility-resources?source=Humana_Website.

Humana Inc.

Website : http://www.humana.com

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