Fiscal Officer VI

Commonwealth of Massachusetts • Boston, MA

2d • Onsite

About The Position

The Group Insurance Commission (GIC) was established by the Legislature in 1955 to provide and administer health insurance and other benefits to the Commonwealth's employees and retirees, and their dependents and survivors. The GIC also covers housing and redevelopment authorities' personnel, participating municipalities, and retired municipal employees and teachers in certain governmental units.
The GIC is responsible for designing, bidding, contracting for and monitoring health insurance, life insurance, long-term disability, and dental and vision services for over 420,000 state employees, retirees, and their dependents. These responsibilities are conducted pursuant to the authority vested in the agency by Massachusetts General Law, Chapters 32A and 32B, as amended.
The GIC’s overall annual budget exceeds $4 billion. In July 2026, eleven new municipal entities representing more than 5,000 covered lives will join the GIC, and more communities are expected to join in 2027. This reflects both the strength of the GIC, and the difficult health care environment that all employers are facing. The GIC is committed to providing high-quality insurance coverage to our members and works hard to minimize increases in member costs.
Working under the direction of the GIC’s Chief Financial Officer, the Budget Director is responsible for ensuring funds are available for spending on authorized purposes, spending does not exceed budgeted amounts, and providing oversight and accountability for fiscal transactions.

Requirements

• At least five (5) years of full-time or, equivalent part-time, professional, administrative, supervisory, or managerial experience in financial management work (i.e. budgeting, accounting, auditing, management analysis, program evaluation, financial reporting of program results)
• Of which at least one (1) year must have been in a project management, supervisory or managerial capacity
• Or any equivalent combination of the required experience and substitutions below.
• I. A certificate in a relevant or related field may be substituted for one (1) year of the required (A) experience.
• II. A Bachelor's degree in a related field may be substituted for two (2) years of the required (A) experience.
• III. A Graduate degree or higher in a related field may be substituted for three (3) years of the required (A) experience.
• IV. A Doctorate degree in a related field may be substituted for four (4) years of the required (A) experience.

Nice To Haves

• A working knowledge of Mosaic, HRCMS, COMMBUDS, MBA, and relevant reporting systems.
• Demonstrated experience in public finance and state budgeting.
• Demonstrated understanding of state finance law.
• Experience with and understanding of the principles of program integrity in sound internal controls.
• Experience with and understanding of the principles of public accounting.
• Extensive experience with financial reporting.
• Exceptional attention to detail and organizational ability.
• Excellent critical thinking and analytical skills.
• Strong computer skills and experience building models using Excel or other quantitative software packages.
• Strong communication skills as evidenced by preparation of oral and written materials, including presentations, proposals, reports, memoranda, and correspondence of both a technical and confidential nature.
• Outstanding analytical skills and ability to develop solutions and recommendations in monthly operations, cost/benefit comparisons, metrics reporting, and analysis of budget variances and forecasts that reflect a sound knowledge of financial accounting and business operations.

Responsibilities

• Collaborate with the GIC CFO on development and oversight of administrative, payroll, IT, consultant and health claims budgets.
• Work with colleagues to develop budgets, identify spending priorities, and monitor and track available balances.
• Furnish fiscal and programmatic information to GIC CFO, ANF, and House and Senate fiscal analysts to support the development of the GIC annual operating budget.
• Work with A&F IT and EOTSS to keep up to date with chargeback rates, license fees, and other IT costs.
• Work with health and pharmacy actuaries to support rate development for upcoming fiscal year, including overall spending projections.
• Prepare, submit, follow-up on MOSAIC documents in coordination with accounting staff.
• Oversee and coordinate the agency financial activities with the Office of the State Comptroller.
• Submit allotment requests and budgetary transfers in MOSAIC for ANF approval as needed.
• Generate reports using the Information Warehouse, analyze data, and prepare spreadsheets and other reports to capture and display spending, revenue, and other financial activity.
• Prepare regular fiscal reports for GIC Executive Staff and for presentation at Commission meetings.
• Review and approve encumbrances in COMMBUYS for agency purchases.
• Review and approve payment vouchers submitted by accounting staff.
• Oversee billing process for health insurance premiums for offline and municipal agencies to reimburse the General Fund.
• Prepare responses for review and discussion with the Chief Financial Officer, and other senior management.
• Prepare reports on programmatic expenditures as needed.
• Maintain and monitor revenue projections.
• Performs other related duties as required.

Benefits

• Comprehensive Benefits
• Outstanding suite of employee benefits that add to the overall value of your compensation package.
• Work experience that supports you, your loved ones, and your future.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Number of Employees: 5,001-10,000 employees