Vice President Chief Financial Officer IT Finance Oakland, CA
The Vice President, Chief Financial Officer, IT Finance, (CFO) is accountable for the financial performance and strategic plan for the Information Technology function at Kaiser Permanente. This position reports to the Chief Information Officer (CIO) and is responsible for all financial functions including Accounting, Financial Planning and Analysis, Investment Planning, Governance support, Business Case due diligence for technology investment and vendor contracts. The role is an integral part of, and advisor to, the IT Executive Committee, comprised of the CIO and direct reports to the CIO. The role is also an integral part of the program-wide Kaiser Permanente Finance leadership team.
The position requires extensive collaboration with senior leadership groups throughout the Program, on all aspects of technology and investment finance, governance, and strategic planning. The IT CFO is also a participating member of several governance bodies and steering committees, ensuring the delivery of outcomes from major technology investments and initiatives, while also being responsible for financial and administrative support for several investment decision-making committees.
The IT CFO will ensure that the IT Finance team maximizes business value by providing business-savvy thought leadership, analyses and counsel as a change agent of the organization.
The successful executive has demonstrated substantial leadership, relationship management, and collaboration competencies, as these are fundamental elements of the Kaiser Permanente culture.
Essential Functions:
- Strategic leader and thought partner to KP CIO and IT Executive Committee, using financial and business insights to maximize value delivered through IT, overseeing an annual budget of $2.6B Operating Expense and $0.6B Capital Expense
- Provide financial information and insights to key internal business partners and senior leadership forums such as Operational Leadership Group (OLG), National Leadership Team (NLT), and KP Presidents Group (KPPG)
- Ensure integration of technology strategic planning with Enterprise / Program strategic planning
- Ensure KP IT meets financial commitments
- Ensure KP IT meets all financial compliance and SOX requirements
- Lead all financial operations for KP IT Accounting, Billing and Compliance, Financial Planning, Analysis and Reporting
- Leverage and partner with KP National Finance functions including Treasury, Controller's department, Financial Shared Services Organization (Accounts Payable and Payroll), Financial Planning and Analysis and Strategic Planning to ensure seamless end-to-end financial management for IT
- Drive technology investment prioritization; support investment governance bodies, and ensure financial evaluation and due diligence of all technology project business cases
- Partner with IT Operations leadership and Procurement to negotiate key contracts and ensure financial evaluation
- Evaluate and ensure due diligence for all items - contracts, purchase orders and invoices, before CIO approval
- Evaluate and act upon market opportunities related to technology
- Lead finance engagement with Portfolio Approval Council (PAC) leadership, and financial and administrative support for Cross-PAC and the IT Sub-Group.
- Manage and continue to develop a high performing IT Finance team by providing vision, strategic leadership and talent development.
Qualifications:
Basic Qualifications:
- Requires MBA or Master's level degree in Finance or Accounting
- Minimum of 15 years of progressive Finance, Accounting and Strategy leadership roles managing financial planning and analysis, strategic planning and prioritization of portfolio of investments, management of comparable budget roles.
- Additionally the ideal candidate will have 10 years of experience in IT Finance, with demonstrated Board of Directors level experience in relationship management and stakeholder engagement at Vice President level or above at the corporate group or business unit level.
- A demonstrated track record of process improvements and driving strategies leveraging financial systems to enhance financial planning, analysis and reporting capabilities and experience leading and managing performance of 100+ employee finance organization.
- Experience with financial allocation and chargeback methods, financial analysis and modeling, GAAP Accounting, Cost Accounting, including Activity-Based Costing, MS Office capability, Cognos, Business Objects and Peoplesoft.
- The position requires a strong and proven senior business leader who understands and will lead IT Finance to drive real business value. She/he must have demonstrated leadership in building and managing large teams and initiatives in a complex client-focused IT and/or health care environment; and must have a strong balance of business acumen and finance knowledge.
- To be successful in this environment, the VP will need to combine both technical and social intelligence, creativity and innovation, with experience in health plan systems development and implementations in a large environment. She/he must be able to communicate financial subjects to both IT and business-centric audiences to build champions and influence outcomes favorably to deliver results.
- The VP must possess leadership capabilities and creativity to build and manage a highly effective organization, grow and develop high-performance teams that are geographically dispersed and deliver IT Finance deliverables, strategies and vision.
- The successful candidate will have a track record of solid leadership experience and background in negotiating commitment to achieve long-term partnerships and results. We seek a proven, creative, conceptual, solution-oriented thought leader who leads by example through strong personal leadership conviction, possesses influencing and alignment-building skills, and a true team orientation, with strong interpersonal skills. We seek a strong team player willing to partner and engage with other IT functional units to deliver substantive added value to business planning and operations.
- S/He will also have a demonstrated track record of being an excellent steward for the resources of the organization, a change agent catalyzing process improvements, a strategic thinker who is equally focused on results and execution, an innovator in their field, and a talent champion with a passion for enhancing performance.
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