Director Enterprise Capital Planning and Financial Strategy

Highmark Health

This job provides strategic direction and leadership on integrated economic and capital planning initiatives throughout the Enterprise and maintains responsibility for directing efforts to model, prioritize, plan, and deploy Enterprise capital, while assessing strategic alternatives. The incumbent provides direct advisory support to Senior Executives by engaging with VPs and SVPs across the Enterprise to understand strategic initiatives, prioritize capital spend, lead initiative review efforts for executive approval, and provide advisory feedback on financial impacts of different strategic paths. Leads capital and financial modeling efforts that are key components to strategic and financial plan to the Board of Directors, while providing detailed support to Strategy & Transformation Office (STO), Strategic Enablement Team (SET), Accounting, Treasury and other business unit leaders across the Enterprise.

Essential Responsibilities

• Perform management responsibilities to include, but are not limited to : involved in hiring and termination decisions, coaching and development, rewards and recognition, performance management and staff productivity. Plan, organize, staff, direct and control the day-to-day operations of the department; develop and implement policies and programs as necessary; may have budgetary responsibility and authority.
• Interact with a wide array of internal and external stakeholders at all levels of the organization up to the Enterprise CFO, including the operational and financial leaders of each business unit, to coordinate integrated economic analyses, prioritize corporate initiatives within capital capacity, enable alignment with strategic goals and objectives, coordinate the executive and Enterprise Capital Committee reviews, and present business case / financial modeling findings to VP, Enterprise Finance Strategy, Senior VP, Finance and Enterprise CFO.
• Direct integrated economic models for the combined Highmark Health enterprise and communicate results of strategic impact analyses to senior management. These integrated economic models include scenario modelling and other integrated economic exercises that arise around potential changes in reimbursement rates, member volumes, or other financial metrics associated with strategic initiatives and the financial plan. The incumbent is responsible for coordinating the completion of the strategic scenarios, analyzing the results, suggesting alternative approaches and presenting them to varying levels of senior management for approval. These integrated economic models, specifically the scenario modeling, serve as an input to the Highmark Health strategic and financial plan.
• Direct the end-to-end program to support the Enterprise Strategic Initiative Roadmap, drive prioritized vetting of business cases for the Enterprise Capital Committee, and communicate results to senior management. Specifically, lead efforts around business case development, capital / operating expense deployment across Highmark Health's footprint to support strategic initiative prioritization and capital plan development. This accountability includes gathering information on new / existing initiatives, managing the financial planning process, and prioritizing the list of initiatives on a quarterly basis in conjunction with business performance. Also oversee the monthly tracking and reporting of initiative financial progress across the Enterprise and actively manage capital capacity boundaries. Report results and strategic initiative plans to the Enterprise CFO and executive leadership, and incorporate into annual financial plan for the Board of Directors. Achieving these accountabilities requires partnership with executive management throughout the organization (Presidents, CFOs and financial / operational EVPs and SVPs) to align on strategic priorities and report initiative progress and outcomes. Also continually evaluate the performance of the financial modeling tools / software, and to direct changes, as necessary.
• Lead the planning of financial commitments between Highmark Inc. and other internal entities in partnership with Accounting, while monitoring cash availability / transfers by business unit in partnership with Treasury. These accountabilities drive the enterprise governance of the financial management process.
• Prepare and present financial (business case) analysis of corporate initiatives to senior management for use in the strategic planning process and daily management of the business activities of the Corporation. This accountability involves working with the business owners (SVPs and VPs) of the corporate strategic initiatives to obtain the data necessary to complete analysis of expenditures, cash flows, and return and risk to the Corporation associated with each initiative, and presenting findings. Also prepare postmortem analysis on launched initiatives in order to evaluate performance in partnership with Treasury and related business units.
• Drive and own the Enterprise Capital Committee executive process including review of business cases, approval of the initiatives, regular updates on the Enterprise Strategic Initiative Roadmap, and enforcing governance policies as needed within the roadmap and related activities.
• Direct the monthly reporting of the provider partner / affiliate results to executive management, including the Highmark Health EVPs, CFO and Finance SVP / VP. Manage the integration of affiliate budgets and forecasts into the Enterprise financial plan. Track, forecast, evaluate, and escalate capital needs, affiliate performance challenges or opportunities, and business case outcomes to executive management.
• Other duties as assigned.

Education

Preferred

Experience

Preferred

Skills

Language (Other than English) : None

Travel Requirement : 0% - 25%

Physical, Mental Demands and Working Conditions

Position Type : Office-based

Teaches / trains others regularly Occasionally

Travel regularly from the office to various work sites or from site-to-site Rarely

Works primarily out-of-the office selling products / services (sales employees) Never

Physical work site required Yes

Lifting : up to 10 pounds Constantly

Lifting : 10 to 25 pounds Occasionally

Lifting : 25 to 50 pounds Rarely