Portfolio Director

Elevance Health•Ashburn, VA

21h•Hybrid

About The Position

The Portfolio Director is responsible for financial governance, planning, forecasting, budgeting, compliance, and executive reporting across the Federal Employee Program (FEP) portfolio and others alike. This role serves as a trusted advisor to technology and business leadership, ensuring financial integrity, funding compliance, portfolio transparency, and effective stewardship of government-funded investments. The successful candidate will oversee portfolio financial management processes, including budget development, staffing governance, spend forecasting, cost center management, vendor funding oversight, release training engineering and executive financial reporting. This role will partner closely with Technology Directors, Portfolio Management, Finance, HR, Procurement, and Executive Leadership to ensure accurate financial planning and support strategic decision-making across a multi-million-dollar portfolio.

Requirements

Requires an BA/BS degree in Information Technology, Computer Science or related field of study and a minimum of 10 years of experience in organizing a series of large-size projects into a single portfolio, multiple technical and business disciplines, planning and designing large complex project portfolios, technical systems Process Life Cycle or related field; or any combination of education and experience, which would provide an equivalent background.

Nice To Haves

Experience supporting government-funded programs, regulated industries, or large enterprise technology organizations.
Experience with ServiceNow Portfolio Management, Workday, SAP, Oracle, or similar enterprise financial systems.
Knowledge of portfolio management and technology investment governance.
Experience supporting PMOs, technology organizations, or digital transformation initiatives.
MBA, CPA, CFA, or related professional certification.
Experience applying AI and automation capabilities to financial planning and reporting processes.

Responsibilities

Lead development and management of annual and multi-year technology budgets.
Maintain portfolio spend models, staffing forecasts, and financial projections.
Analyze budget variances, forecast trends, and recommend corrective actions.
Develop financial scenarios and cost models to support strategic investment decisions.
Monitor actual spend against approved budgets and identify financial risks and opportunities.
Manage financial evaluation of staffing requests and resource investments.
Validate business justifications and quantify financial impact of hiring and contractor requests.
Maintain workforce planning models and staffing forecasts.
Partner with leadership on capacity planning, labor optimization, and funding decisions.
Serve as financial lead for the FEP technology portfolio.
Maintain portfolio-level financial dashboards and executive reporting.
Track project funding, budget consumption, forecasts, and investment performance.
Partner with portfolio management teams to ensure financial alignment of approved initiatives.
Support monthly, quarterly, and annual portfolio review processes.
Coordinate annual budget planning activities across multiple technology organizations.
Facilitate collection, validation, and consolidation of departmental budget submissions.
Manage cost center budgets and financial allocations.
Ensure funding aligns with organizational priorities and strategic objectives.
Support AIQ, DO Budget, and operating plan development processes.
Develop and present Monthly Financial Reviews for senior leadership.
Prepare executive presentations, dashboards, and financial analysis.
Provide insights into financial performance, budget health, forecast accuracy, and investment outcomes.
Deliver concise, data-driven recommendations to leadership teams.
Ensure compliance with enterprise financial policies, funding requirements, and governance standards.
Maintain audit-ready financial documentation and reporting processes.
Support financial governance forums and executive review boards.
Monitor adherence to approved funding allocations and budget controls.
Partner with Finance, Audit, and Compliance teams to address findings and improve controls.
Manage vendor funding line administration and budget alignment.
Monitor contractor and supplier financial commitments.
Coordinate funding adjustments and budget transfers.
Support financial reviews of strategic technology vendor relationships.
Leverage modern reporting and analytics platforms to improve financial transparency.
Utilize AI, ServiceNow, Workday, Power BI, Excel, and financial systems for reporting, automation and analysis.
Drive continuous improvement and automation of financial management processes.
Apply AI-enabled analytics and forecasting techniques to improve financial planning accuracy.