Deputy Chief Financial Officer

L.A. Care Health Plan•Los Angeles, CA

48d•$297,088 - $505,049

About The Position

Established in 1997, L.A. Care Health Plan is an independent public agency created by the state of California to provide health coverage to low-income Los Angeles County residents. We are the nation’s largest publicly operated health plan. Serving more than 2 million members, we make sure our members get the right care at the right place at the right time. Mission: L.A. Care’s mission is to provide access to quality health care for Los Angeles County's vulnerable and low-income communities and residents and to support the safety net required to achieve that purpose. Job SummaryThe Deputy Chief Financial Officer (Deputy CFO) serves as a strategic and operational finance executive responsible for driving financial performance, operational excellence and long-term financial sustainability for L.A. Care health plan. The Deputy CFO reports to the Chief Financial Officer (CFO) and serves as a key strategic partner to the CFO, the Finance Leadership team, and the Senior Leadership Team (SLT), providing executive leadership over Financial Planning & Analysis (FP&A), Procurement, and Medical Payment Systems and Services (MPSS). Moving beyond traditional financial reporting, the Deputy CFO drives forward-looking enterprise strategy through dynamic forecasting, comprehensive annual budgeting, cash management, financial performance metrics, business process improvement and strategic investment activities. Additionally, this role oversees the continued evolution of Procurement into a robust category management function. By ensuring the optimal allocation of capital and resources, the Deputy CFO drives financial alignment with L.A. Care's mission and long-term stewardship. The Deputy CFO is second in command and is responsible for providing leadership for cross-functional management in Finance Services.

Requirements

Bachelor's Degree in Finance or Related Field
In lieu of degree, equivalent education and/or experience may be considered.
At least 10 years of experience in high level financial management.
At least 10 years of supervisory/management experience.
Must be an experienced manager of people and relish taking on and achieving success on challenging work in a complex company structure.
Experience with outside regulators, governmental entities, etc.
Prior experience working with government and other regulatory-like agencies.
Strong organizational leadership, administration, analytical, negotiation and financial management skills.
Strong leadership skills and the ability to build effective working relationships internally and externally.
Excellent communication skills, negotiating skills, consensus building, analytic ability, planning and implementation skills.
Ability to work effectively within a matrix environment, influencing and leading others without a direct reporting relationship.

Nice To Haves

Master's Degree in Business Administration or Related Field
Experience with Medi-Cal, Medicare Advantage, Covered CA, or Medicaid Managed care.
Experience supporting Board committees and executive governance structures.
Certified Public Accountant (CPA)

Responsibilities

Directs and elevates the FP&A function, leading the annual enterprise budgeting process, dynamic forecasting, and strategic capital allocation to support enterprise goals. Translates complex financial data into actionable insights for executive leadership and operational stakeholders.
Directs all aspects of the treasury function. Ensure all investments are protected & in accordance with L.A. Care investment policies & in complete compliance with California Government.
Oversees daily cash management and investment activities, optimizing liquidity and maximizing returns within the organization's approved risk frameworks.
Provides executive oversight for Procurement, driving a strategic category management approach to vendor partnerships, sourcing, and enterprise-wide spend optimization.
Directs the MPSS function, ensuring operational excellence, efficient resource utilization, and alignment with overarching organizational objectives.
Partners with the CFO and SLT to shape financial strategy, translating complex data into actionable, forward-looking business insights for all operating segments and product lines.
Supports the CFO in preparing and presenting enterprise-wide financial models, projections, investment strategies, and operational initiatives to the Board of Governors and the SLT.
In collaboration with the CFO, the Deputy CFO represents L.A. Care in California Department of Health Care Services (DHCS) workgroup meetings as assigned. Works with other Local Initiatives and County Organized Health Plans on applicable legislative and/or industry issues. Evaluates the financial impact of DHCS rate developments and legislative changes, integrating these variables into long-term financial forecasts and enterprise planning.
Maintains collaborative relationships with regulatory agencies and governmental entities to support compliance, reporting obligations, and enterprise readiness.
Cultivates a high-performing culture by managing departmental structures, optimizing spans to ensure the right number of direct reports for effective leadership, and championing staff development.
Navigates a highly matrixed organization to build strong, collaborative relationships with internal departments, external stakeholders, and regulatory bodies.
Assesses the financial implications of state and federal reimbursement changes, including major healthcare rate developments, and incorporates them into long-range financial forecasting.
Partners with the CFO prepare and deliver reports, briefings, and strategic recommendations to the Board, senior leadership teams and governance committees.
Provides overall strategic support for Finance Services and performs other duties as assigned.