Finance Manager

Job no: 544882
Position type: Full-time
Location: PHOENIX
Division/Equivalent: STATE OF AZ
School/Unit: AHCCCS
Department/Office: HC-6112-DBF REINSURANCE
Categories: Business and Financial Administration, Program Management, Misc/Other/Not Applicable, Management/Supervisor

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AHCCCS

Arizona Health Care Cost Containment System
Accountability, Community, Innovation, Leadership, Passion, Quality, Respect, Courage, Teamwork

The Arizona Health Care Cost Containment System (AHCCCS), Arizona’s Medicaid agency, is driven by its mission to deliver comprehensive, cost-effective health care to Arizonans in need. AHCCCS is a nationally acclaimed model among Medicaid programs and a recipient of multiple awards for excellence in workplace effectiveness and flexibility.

AHCCCS employees are passionate about their work, committed to high performance, and dedicated to serving the citizens of Arizona. Among government agencies, AHCCCS is recognized for high employee engagement and satisfaction, supportive leadership, and flexible work environments, including remote work opportunities. With career paths for seasoned professionals in a variety of fields, entry-level positions, and internship opportunities, AHCCCS offers meaningful career opportunities in a competitive industry.

Come join our dynamic and dedicated team.

Finance Manager

Job Location:

Address:  150 North 18th Avenue Phoenix, Arizona 85007

 

Posting Details:

Must Reside in Arizona.

Salary:  Up to $98,500

Grade: 24

FLSA Status: Exempt Open Until Filled.

This position may offer the ability to work remotely, within Arizona, based upon the agency’s business needs and continual meeting of expected performance measures.

Job Summary:
Under the direction of the Finance and Reinsurance Administrator, this position oversees quarterly and annual financial reporting for AHCCCS programs, health plan financial deliverables, performance bond compliance, and internal and external financial reporting, including submissions to CMS. Responsibilities include monitoring compliance with financial contract requirements, reviewing equity distribution requests, implementing financial policies and procedures, supporting actuarial and procurement activities, analyzing the financial impact of state and federal regulations, updating financial reporting guidance, and supervising Financial Consultant and Financial Analyst staff.

The State of Arizona strives for a work culture that affords employees flexibility, autonomy, and trust. Across our many agencies, boards, and commissions, many State employees participate in the State’s Remote Work Program and are able to work remotely in their homes, in offices, and in hoteling spaces. All work, including remote work, should be performed within Arizona unless an exception is properly authorized in advance.

Job Duties:

Major duties and responsibilities include but are not limited to:

Supervises professional financial staff responsible for financial analysis, reporting, audit support, contract monitoring, and regulatory compliance. Provides leadership, workload management, performance oversight, technical guidance, staff development, and process improvement initiatives.

Oversees preparation, analysis, and submission of quarterly and annual financial reports for AHCCCS health plans and contractors, ensuring compliance with CMS requirements, state regulations, contractual obligations, and GAAP. Performs financial trend analysis, evaluates contractor financial performance and risk, and provides recommendations to agency leadership.

Directs internal financial reporting activities, including Financial Summary Reports, Medical Loss Ratio (MLR), Contractor Risk Indicator (CRI), sanctions, crisis services, and other financial analyses. Serves as the primary financial liaison for audits and ensures compliance with federal, state, and contractual reporting requirements.

Reviews audited financial statements, assesses contractor financial stability and solvency, coordinates audit activities, and develops recommendations related to risk mitigation, contractor oversight, and program sustainability.

Provides financial expertise for procurement activities, including RFPs, RFIs, contract development, financial evaluations, risk assessments, fiscal impact analyses, and collaboration with program, legal, procurement, actuarial, and executive leadership teams.

Knowledge, Skills & Abilities (KSAs):

Knowledge of:

Extensive knowledge of governmental accounting principles, Generally Accepted Accounting Principles (GAAP), financial reporting standards, audit methodologies, and internal control frameworks.
 
Medicaid managed care financing, capitation rate structures, Medical Loss Ratio (MLR) requirements, risk-sharing arrangements, reinsurance programs, and healthcare contractor financial operations.
 
Federal and state laws, regulations, administrative rules, and policies governing AHCCCS, Centers for Medicare & Medicaid Services (CMS), managed care organizations, and healthcare financing programs.
 
Financial statement preparation, analysis, and interpretation, including balance sheets, income statements, statements of cash flow, reserve calculations, and solvency assessments.
 
Contract administration, procurement processes, Requests for Proposal (RFP), contractor performance monitoring, and financial compliance requirements.
 
Audit processes and procedures, including coordination with internal auditors, external auditors, federal oversight agencies, and regulatory entities.
 
Organizational leadership principles, employee supervision, performance management, coaching, workforce development, and succession planning.
 
Business process improvement methodologies, risk management practices, strategic planning principles, and performance measurement systems.


Skilled in:

Advanced analytical skills sufficient to evaluate complex financial data, identify trends, assess financial risks, and develop actionable recommendations.
 
Strong financial management skills in planning, organizing, directing, and evaluating large-scale financial reporting and compliance activities.
 
Researching, interpreting, and applying federal and state statutes, regulations, contractual provisions, and financial reporting requirements.
 
Preparing and presenting complex financial information to executive leadership, stakeholders, contractors, external auditors, and regulatory agencies.
 
Developing policies, procedures, financial reporting guides, and operational standards to ensure compliance and consistency.
 
Project management and coordination of multiple reporting cycles, audits, financial reviews, and regulatory deliverables with competing priorities and deadlines.
 
Utilizing financial management systems, data analytics tools, spreadsheet applications, and reporting platforms to evaluate program performance and financial outcomes.
 
Strong negotiation, collaboration, and stakeholder management skills to build effective working relationships with contractors, consultants, governmental agencies, and executive leadership.


Ability to:

Lead and direct staff engaged in complex financial analysis, reporting, compliance monitoring, and contractor oversight activities.
 
Independently evaluate contractor financial performance, solvency, reserve adequacy, and compliance with contractual and regulatory requirements.
 
Exercise sound judgment and make recommendations regarding significant financial, operational, and compliance issues affecting AHCCCS programs and contractors.
 
Analyze large and complex datasets, identify emerging risks, and develop strategic solutions to financial and operational challenges.
 
Communicate complex financial concepts clearly and effectively, both orally and in writing, to technical and non-technical audiences.
 
Establish priorities, manage multiple high-profile projects simultaneously, and meet critical deadlines in a fast-paced regulatory environment.
 
Interpret legislative, regulatory, and policy changes and assess potential fiscal and operational impacts to AHCCCS and contracted health plans.
 
Represent the agency in meetings, audits, negotiations, and discussions with CMS, contractors, external auditors, executive leadership, and other governmental entities.
 
Build collaborative partnerships across organizational boundaries and influence decision-making on matters involving significant fiscal and programmatic impact.
 
Develop strategic financial oversight initiatives that support organizational goals, regulatory compliance, fiscal integrity, and effective stewardship of public funds.
Qualifications:

Minimum:
• Bachelor's degree in accounting, economics, business, finance, healthcare or related field and 3 years of related experience.

Preferred:
• Master's degree in business or CPA with a combination of five years' experience with financial statement preparation or review and auditing experience in managed health care health programs environment.

Pre-Employment Requirements:

• Successfully pass fingerprint background check, prior employment verifications and reference checks; employment is contingent upon completion of the above-mentioned process and the agency’s ability to reasonably accommodate any restrictions.
• Travel may be required for State business. Employees who drive on state business must complete any required driver training (see Arizona Administrative Code R2-10-207.12.) AND have an acceptable driving record for the last 39 months including no DUI, suspension or revocations and less than 8 points on your license. If an Out of State Driver License was held within the last 39 months, a copy of your MVR (Motor Vehicle Record) is required prior to driving for State Business. Employees may be required to use their own transportation as well as maintaining valid motor vehicle insurance and current Arizona vehicle registration; however, mileage will be reimbursed.

If this position requires driving or the use of a vehicle as an essential function of the job to conduct State business, then the following requirements apply: Driver’s License Requirements.

All newly hired State employees are subject to and must successfully complete the Electronic Employment Eligibility Verification Program (E-Verify).

Benefits:

Among the many benefits of a career with the State of Arizona, there are:
• 10 paid holidays per year
• Paid Vacation and Sick time off (13 and 12 days per year respectively) - start earning it your 1st day (prorated for part-time employees)
• Paid Parental Leave-Up to 12 weeks per year paid leave for newborn or newly-placed foster/adopted child. Learn more about the Paid Parental Leave pilot program here.
• Other Leaves - Bereavement, civic duty, and military.
• A top-ranked retirement program with lifetime pension benefits
• A robust and affordable insurance plan, including medical, dental, life, and disability insurance
• Participation eligibility in the Public Service Loan Forgiveness Program (must meet qualifications)
• RideShare and Public Transit Subsidy
• A variety of learning and career development opportunities

By providing the option of a full-time or part-time remote work schedule, employees enjoy improved work/life balance, report higher job satisfaction, and are more productive. Remote work is a management option and not an employee entitlement or right. An agency may terminate a remote work agreement at its discretion.

Learn more about the Paid Parental Leave program here. For a complete list of benefits provided by The State of Arizona, please visit our benefits page

Retirement:

Lifetime Pension Benefit Program
• Administered through the Arizona State Retirement System (ASRS)
• Defined benefit plan that provides for life-long income upon retirement.
• Required participation for Long-Term Disability (LTD) and ASRS Retirement plan.
• Pre-taxed payroll contributions begin after a 27-week waiting period (prior contributions may waive the waiting period).

Deferred Retirement Compensation Program
• Voluntary participation.
• Program administered through Nationwide.
• Tax-deferred retirement investments through payroll deductions.

Contact Us:

Persons with a disability may request a reasonable accommodation such as a sign language interpreter or an alternative format by emailing careers@azahcccs.gov.
Requests should be made as early as possible to allow time to arrange the accommodation. The State of Arizona is an Equal Opportunity/Reasonable Accommodation Employer.

Advertised: US Mountain Standard Time
Application close:

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