Profile
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 is 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 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. 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:
- Lead a team of 45 to drive outcomes and accountability for the $3B enterprise IT budget, delivering results and insights balancing short-term and long-term financial planning and growth opportunities.
- Act as a strategy enabler / thought partner to the business around new initiatives and impact.
- Partner with 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).
- Identify and drive value-added, business-building, productivity, and cost-saving initiatives.
- Partner closely with key internal partners to drive better cost & spending planning and value/benefits from the spending.
- Prepare and present to CIO on a weekly basis on trends and issues, as well as to the Humana CFO and broader Management Team the monthly, quarterly, and annual financial results.
- Produce KPI and balanced scorecard reports.
- Provide a financial picture of the businesses in support of segment ambitions around ROIC targets, Pre-tax targets, underwriting margin targets, and admin improvement targets.
- Drive executive level conversations with Management Team (MT) during strategic prioritization conversations in partnership with the corporate strategy team.
- Be a key partner to drive decisions and facilitate trade-offs on Tech prioritization process and related budget.
- Establish key relationships with executives and develop operational and capital budgets, with emphasis on timely review of actual performance against approved budgets.
- Verify and analyze financial information, technology trends, and economic indicators for strategic and operational decisions.
- Ensure appropriate internal controls and safeguards of company assets are in place and working.
- Provide oversight and leadership of the Tech contract review team, responsible for validating complex and technically nuanced multi-year contracts.
- 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 drives storytelling, presenting, painting the picture to aid 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.
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.
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
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.
Humana Inc.
Website: http://www.humana.com
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