Title: Chief Financial Officer
State Role Title: Gen Admin Manager IV
Hiring Range: $218,723 - $300,000
Pay Band: 8
Agency: Dept of Med Assistance Svcs
Location: Dept of Medical Asst Services
Agency Website: www.dmas.virginia.gov
Recruitment Type: General Public - G
Job Duties
The Department of Medical Assistance Services (DMAS) is excited to offer a competitive opportunity to serve as the Chief Financial Officer (CFO). The Chief Financial Officer (CFO) functions as a key member of the Executive Team and Commonwealth. Provides fiscal leadership, strategic oversight and operational leadership of all financial activities related to the state Medicaid program.
The Department of Medical Assistance Services (DMAS) is one of the state agencies under the Health & Human Resources secretariat. It administers a variety of health care programs for qualifying Virginians. Medicaid, a program authorized under Title XIX of the Social Security Act, is financed by the state and federal governments and administered by the states. Currently we cover 1.7 million Virginians and expend $24B. DMAS’ Mission, Vision, and Values to improve the health and well-being of Virginians through access to high-quality health care coverage and services. Due to the importance of the Virginia Medicaid’s financial functions, executive leadership positions within the Agency can be fast paced, with multiple priorities, intense external stakeholder interaction, and frequent change. This also requires a large amount of verbal and written communication.
Previous applicants will need to reapply to this position.
Job responsibilities will include, but are not limited to:
The CFO role oversees budgeting, forecasting, rate setting, financial compliance, procurement, contract management and fiscal policy to ensure efficient stewardship of federal and state funds. It’s a position where finance, policy and strategy converge.
As part of the agency Executive Leadership Team, the CFO works closely with the Governor’s Office, Office of the Secretary of Health and Human Resources, Department of Budget & Planning, Legislature, federal agencies, Managed Care Organizations and other key stakeholders, such as provider and hospital organizations, to advance the program’s Commonwealth’s financial sustainability, integrity and alignment with strategic goals. Other key responsibilities include analysis of proposed legislation and budget amendments and testimony at legislative committee meetings and budgets.
The incumbent will also have Executive leadership management responsibilities, leading five large divisions and staff. This role includes leadership of cross-functional teams, and coordination with internal departments.
The business needs for this position will have in office requirements to include but are not limited to: Mandatory meetings for Commonwealth Budgetary and Fiscal essential functions, General Assembly, as well as Public Meetings.
Located in beautiful Central Virginia, the Richmond area puts you just 2 hours from the Blue Ridge Mountains, Virginia Beach and Washington DC. To learn more about the Richmond, VA area visit: https://www.virginia.org
The Department of Medical Assistance Services (DMAS) is working to improve the health and well-being of Virginians through access to high quality health care coverage.
DMAS wants talented individuals who can align their experience with the mission of the agency and its core values – service, collaboration, trust, problem solving and adaptability.
At the Department of Medical Assistance Services (DMAS) we encourage and promote that you Come as you are | Become who you want to be | That is our promise.
Minimum Qualifications
Competitive candidates will meet these minimum qualifications:
Extensive experience of state and federal healthcare financing, particularly Medicaid and CHIP programs.
Extensive experience in public sector budgeting, forecasting, financial policy development and monitor expenditures and revenue performance.
Extensive experience/knowledge of federal and state funding mechanisms, actuarial rate setting, procurement and managed care financial operations.
Extensive experience with overseeing capitation rate development and actuarial certifications for manage care program.
Extensive experience of federal and state legislative and budget processes.
Extensive experience with program development, implementation of strategic financial programs (including federal and state requirements) and other new initiatives to improve Medicaid programs and align with the agency’s mission and vision.
Extensive experience of systems/programs/computer software, to include Microsoft Suites.
Extensive knowledge/experience of federal and state regulations, fiscal controls, and reporting requirements and oversee financial oversights and compliance.
Extensive experience with meeting deadlines and managing multiple priorities/initiatives.
Extensive experience with managing relationships with the Administration, MCOs, stakeholders such as providers and hospitals, and federal partners, such as Centers for Medicare & Medicaid Services (CMS).
Extensive Executive Level experience with supervising/leading staff.
Additional Considerations
Competitive candidates should meet these additional considerations:
Considerable experience of large-scale organizational functions related to administrative planning and management principles.
Considerable experience with the Commonwealth of Virginia’s official accounting system Cardinal Financials.
Considerable experience with planning and directing program activities; analyzing data and resolving problems; and interpreting federal and state regulations and policies.
Extensive experience with analyzing and articulating complex policy concepts, envision change, and promoting creative and innovative outcomes.
Experience working as part of a matrixed organizational structure to deliver Agency outcomes.
Special Instructions
You will be provided a confirmation of receipt when your application and/or résumé is submitted successfully. Please refer to “Your Application” in your account to check the status of your application for this position.
DMAS has engaged Fahrenheit Advisors to assist with this executive search.
The Virginia Department of Medical Assistance Services (DMAS) does not offer employment-based Sponsorship. Selected candidates will have their work authorization completed using the E‐Verify Program.
The Department of Medical Assistance Services (DMAS) is an Executive Branch agency that will adhere to all policies and procedures, to include the Commonwealth’s Department of Human Resource Management Policy 1.61 Teleworking. This position could be expected to work in the office as driven by business needs.
This position requires a fingerprint based Criminal History Background Check, Education Checks if applicable, Work History Verification with references.
This position requires the submission of a Statement of Economic Interest (financial disclosure).
If you wish to apply for a job with the Department of Medical Assistance Services, an application and/or resume for employment must be submitted electronically through this website. Mailed, faxed, emailed, or hand-delivered applications/resumes will not be accepted. Consideration for an interview is based solely on the relevant information presented in the state application and/or resume submitted before the closing date.
Applications and/or resumes should include relevant work history which indicates your qualifications for this position.
The Department of Medical Assistance Services practices fair and equal employment opportunity to all employees and applicants in accordance with applicable laws and regulations. It is our policy to prohibit discrimination on the basis of race, sex, color, national origin, religion, sexual orientation, gender identity, age, veteran status, political affiliation, genetics, or disability in the recruitment, selection, and hiring of its workforce.
In support of the Commonwealth’s commitment to inclusion, we are encouraging individuals with disabilities to apply through the Commonwealth's Alternative Hiring Process. To be considered for this opportunity, applicants will need to provide their AHP Letter (formerly called a Certificate of Disability) provided by the Department for Aging & Rehabilitative Services (DARS), or the Department for the Blind & Vision Impaired (DBVI). Service-Connected Veterans may also apply via the AHP if they also provide an AHP Letter. To request an AHP Letter, use this link: https://www.dars.virginia.gov/drs/cpid/PWContact.aspx or call DARS at 800-552-5019, or DBVI at 800-622-2155
The Department of Medical Assistance Services is a V3 certified state agency that provides hiring preference to veterans and members of the reserves and/or National Guard in support of executive order 29, (2010). If you are a Veteran or Spouse of a Veteran or Active Military Member, DMAS encourages you to apply and respond accordingly on your state application.
Contact Information
Name: DMAS Talent Acquisition
Phone: (804) 225-4407
Email: askhcdtalentacq@dmas.virginia.gov
In support of the Commonwealth’s commitment to inclusion, we are encouraging individuals with disabilities to apply through the Commonwealth Alternative Hiring Process. To be considered for this opportunity, applicants will need to provide their AHP Letter (formerly COD) provided by the Department for Aging & Rehabilitative Services (DARS), or the Department for the Blind & Vision Impaired (DBVI). Service-Connected Veterans are encouraged to answer Veteran status questions and submit their disability documentation, if applicable, to DARS/DBVI to get their AHP Letter. Requesting an AHP Letter can be found at AHP Letter or by calling DARS at 800-552-5019.
Note: Applicants who received a Certificate of Disability from DARS or DBVI dated between April 1, 2022- February 29, 2024, can still use that COD as applicable documentation for the Alternative Hiring Process.